Budget 2016: Arun Jaitely proposes listing of PSU general insurance companies

There are four public sector general insurance companies -- New India Assurance Company Ltd, National Insurance Company Ltd, Oriental Insurance Co Ltd, United India Insurance Co Ltd.

By: PTI | New Delhi | Updated: February 29, 2016 7:16 pm
budget 2016, budget live, union budget 2016, general budget, 2016 budget news, budget news, union budget news, general budget news, budget 2016 news, budget income tax, union budget 2016, income tax, budget expectations, arun jaitley, budget news india, budget india news Finance minister Arun Jaitley. Express photo by Ravi Kanojia.

Finance Minister Arun Jaitley on Monday proposed listing of four wholly-owned PSU general insurance companies.

“…(proposed to) undertaking important banking sector reform and public listing of public sector general insurance and undertaking significant changes in FDI policy,” he said while unveiling Budget 2016-17 in Lok Sabha.

Watch | Union Budget 2016: Analysis of Jaitley’s Budget in Videos

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There are four public sector general insurance companies — New India Assurance Company Ltd, National Insurance Company Ltd, Oriental Insurance Co Ltd, United India Insurance Co Ltd.

Besides, there are two specialised insurers — ECGC and AIC — one life insurance insurer, LIC.

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