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PSU insurance companies to form a single corporation

Four PSU insurance companies to join and form Single Corporation like LIC to meet business objectives.

Apnainsurance.com Research Bureau

26 Nov 2007

The members of All India Insurance Employees Association (AIIEA) initiates campaign to bring together four public-sector general insurance companies to form a single corporation, the idea is to emerge into a gigantic corporation, similar to Life Insurance Corporation (LIC). This is expected to enable them to meet business interests and social objectives.

The campaign has already been launched by AIIEA and moves are being made to seek support of the political parities and MLAs.