Government mulls various options for consolidation of PSU general insurers
Updated : June 23, 2019 06:26 PM IST
The government is exploring various consolidation options including merger of state-owned general insurance companies with New India Assurance with a view to create synergy and unlock value.
The Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance is also looking at other options including stake sale in three state-owned insurance firms like National Insurance Company, Oriental Insurance Company and United India Insurance Company, sources said.
The consolidation in the public sector general insurance companies is part of disinvestment strategy of the government.