India to infuse more than $1.5 billion in state insurers

Posted On: Sep. 9, 2019 6:12 AM CST

The Indian government plans to inject 120 billion Indian rupees ($1.67 billion) into three public sector insurers to shore up their capital bases and make them compliant regulatory requirements, Live Mint reports citing sources. The three insurers are United India Insurance Co. Ltd., The Oriental Insurance Co. Ltd. and National Insurance Co. Ltd.