Cabinet approves capital infusion for OICL, NICL and UIICL
In a major decision on Wednesday, the Union Cabinet approved a proposal for capital infusion for three Public Sector General Insurance Companies, namely, Oriental Insurance Company Limited (OICL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL).
A total of Rs 2500 crore will be released for the same. Source - PIB.