FM may announce second round of capital infusion for non-life insurers in Budget - Business News: Latest Share Market , Economy & Finance News | Trendmergers

Breaking

Post Top Ad

Post Top Ad

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
Read The Rest:economictimes...

Post Top Ad