InsuranceThe Union Cabinet chaired by Prime Minister Narendra Modi has given in-principle approval for capital infusion for three public sector general insurance companies.

These include Oriental Insurance Company (OICL), National Insurance Company (NICL) and United India Insurance Company (UIICL).

The Cabinet has allowed immediate release of Rs 2,500 crore in the light of the critical financial position and breach of regulatory solvency requirements of the three public sector general insurance companies.


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