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Government to privatize United India Insurance, GIC Re

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Privatization

The Indian government is reportedly mulling over the divestment of state-owned reinsurer General Insurance Corp. of India and insurer United India Insurance Co. Ltd., Asia Insurance Review reported citing Economic Times. The government think-tank Niti Aayog and the Ministry of Finance will jointly choose the general insurer to be privatized out of the four state-owned insurers.

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