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Merger of 3 Public Sector Insurers to be Completed by FY20
February 06, 2019
The merger of 3 top state-run insurance companies United India Insurance Company, National Insurance Company, and Oriental India Insurance Company shall be completed by the end of the financial year 2019-20, the government said.
The merger of the PSU insurers was first announced in Budget 2018 and the plan was to finalize the process during the current financial year itself. However, Budget 2019 has revealed that there has been a delay, and now the goal is to complete the merger by the end of the financial year 2019-20.
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