Get <strong>₹5 Lac</strong> Health Insurance starts <strong>@ ₹315/<span>month*</span></strong>
Get ₹5 Lac Health Insurance starts @ ₹315/month*
250+ Plans 18 Insurance Companies
₹ 5 Lakh Coverage @ ₹ 10/day
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Three Public Sector Insurers to Merge in March 2020

In a recent announcement made by Finance Secretary Rajiv Kumar, three leading state-owned insurance companies National Insurance Co Ltd, United India Insurance Co Ltd, and Oriental Insurance Co Ltd. are going to merge by the end of March 2020.

He notified that the process of merger is at an advanced stage and will be happening soon. However, the government will take a clear look at listing the merged entity once the process is completed. Also, a capital infusion of Rs 6,950 crore has been announced in the Union Budget 2020 for these three public sector insurance companies in the next fiscal year, as partial budgetary support to overcome the solvency ratio.

However, the proposal for merger of these companies into a single entity had been announced by the then finance minister Mr. Arun Jaitley during the 2018-19 budget speech, it could not be implemented.

Written By: PolicyBazaar - Updated: 16 July 2020

You May Also Want to Know About

National Insurance Policy Renewal and Online Payment Process

National Insurance Policy Renewal and Online Payment Process

National Insurance Company allows its customers to pay the premium online. You can easily buy National Insurance policy online and also renew it using NICL Online Payment channel. This article will help you understand the ways to pay the premium fo...
How to Download Tata AIG Policy?

How to Download Tata AIG Policy?

Insurance becomes a necessary buy these days, considering the soaring inflation and ever grown cases of eventualities. An insurance policy offers you the much-needed financial shield in the hour of need. Indian insurance market is flooded with insu...
Top General Insurance Companies with Best Claim Settlement Rate

Top General Insurance Companies with Best Claim Settlement Rate

An individual goes to work to earn money so as to live a comfortable life, fulfil his family’s needs and secure his and his family’s future. He also envisions his family’s life after him and therefore purchases a life insurance policy that of...
How to Check New India Assurance Company Claim Status?

How to Check New India Assurance Company Claim Status?

The risk of uncertainty encircles your life and property. In the event of any financial or non-financial loss, only insurance will support you and your family to minimize the damage. In your endeavour to choose the helpful insurance policy for you,...
7 Common Questions and Answers about General Insurance

7 Common Questions and Answers about General Insurance

Gone are the days when you have insurance policies only for health and life, today when you have so many valuable assets, there are insurance policies for everything. From car to home to business, you have the insurance policies for everything. In ...
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL