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Govt kickstarts merger process for 3 PSU general insurers

Wednesday, April 25, 2018, 8:07 AM

The government has reportedly held preliminary meetings on proposed merger process of three state-owned general insurers namely Oriental Insurance Company, National Insurance Company, and United India Insurance Company. The three insurers together collected a premium of about Rs 44,000 crore in FY17 and their combined market share was nearly 35% in the general insurance market.

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