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National insurance company News

Cabinet decision

12 Feb 2020

Capital infusion for 3 Insurance firms approved; check other govt ecisions

The Union Cabinet (February 12), chaired by Prime Minister Narendra Modi, on Wednesday (February 12) approved the proposal for capital infusion for three Public Sector General Insurance Companies- Oriental Insurance Company Limited (OICL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL), said a government statement.

State-owned insurance companies by

04 Feb 2019

Merger of 3 PSU general insurers to be complete by FY'20

Their combined net worth is Rs 9,243 crore with total employee strength of around 44,000 spread over 6,000 offices.

Public sector general insurance companies

28 Jun 2018

Bids invited from consultants to advise on merger of 3 PSU general insurers

There is a proposal by the government to merge three public sector general insurance companies (PSGICs) -- National Insurance Company Ltd, Oriental Insurance Company Ltd and United India Insurance Company Ltd.

national insurance company

17 Sep 2017

National Insurance expects up to Rs 5,000 cr from IPO

Non-life PSU insurer National Insurance Company (NIC) is expecting to receive between Rs 4,000 crore and Rs 5,000 crore from the proceeds of its planned public offer, industry sources said.

national insurance company

12 Apr 2015

A one-rupee mystery at National Insurance Company

Policyholders and agents of government owned National Insurance Company Ltd. are facing what they call as the `one-rupee mystery', or `Re.1 conundrum', say agents and company officials.

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