Sunday, January 12, 2020

FM may announce second round of capital infusion for non-life insurers in Budget

The government infused Rs 2,500 crore in the three insurers -- National Insurance, Oriental Insurance and United India Insurance -- through first supplementary demands for grants for 2019-20 last month. However, these companies would require additional Rs 10,000-12,000 crore capital dose to meet the prescribed solvency margin, sources said.

from Economy-News-Economic Times https://ift.tt/2R8E5Y1
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