Three GICs, National Insurance, Oriental Insurance, United India Insurance to be merged by March
In a meeting held on April 23, finance ministry officials asked the chairman and managing directors of the government-controlled non-life insurance companies to speed up the merger process of the three public sector general insurance companies (GICs) — National Insurance Co, Oriental Insurance Co and United India Insurance Co.
The government wants the merger to be completed by March 31, 2019. Image source: Pixabay