Insurer's solvency level falls, needs $435 million of capital
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India's insurance regulator has called on the finance ministry to infuse around 30 billion Indian rupees ($435 million) in state-run National Insurance Co. Ltd. after the insurer's solvency level fell below the regulatory requirement, The Economic Times reported. The regulator said that National Insurance's solvency ratio has fallen below 1% while insurers need to maintain a surplus of 1.5% of their liabilities.
