Government May Sell Off One of Its 3 General Insurers After LIC IPO

The government will start work to identify among its three general insurers-National Insurance Co, United India Insurance Co and Oriental India Insurance-for privatization and begin work towards the selloff after their first-quarter earnings are out, and by then, LIC will be listed on the stock exchanges, based on the report.

United India Insurance reported a lack of Rs 1,485 crore in 2019-20, but the insurer is definitely the best candidate for privatization due to its nationwide occurrence and solid market share in various insurance categories.



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