In a significant development, the government is considering the merger of four state-owned general insurance companies — New India Assurance, National Insurance, Oriental Insurance and United India Insurance — into a single entity, Zee Business has learned.
The move is being discussed with the aim of creating a strong general insurance giant, similar to the Life Insurance Corporation of India (LIC), that can better compete with private players. The merger is also expected to boost the expansion and reach of general insurance services across the country.
According to sources, only initial discussions have taken place regarding the proposal. The government is also evaluating how the General Insurance Corporation (GIC) will handle the crop insurance business under the new structure.
When contacted for a response, the Finance Ministry did not reply to Zee Business’ email query.
(This article will soon be update)
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
