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

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

Sunday, January 12, 2020, 5:15 PM

FM Nirmala Sitharaman may announce second-round capital infusion for public sector general-insurance companies in the upcoming Budget to improve their financial health. 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. Infusion will not only improve their financial health but facilitate merger announced in the Budget 2018-19.
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