In his budget speech in the Parliament, Finance Minister Arun Jaitley proposed for the public listing of public sector general insurance.
New Delhi: Finance Minister Arun Jaitley on Monday proposed listing of four wholly-owned PSU general insurance companies.
"...(proposed to) undertaking important banking sector reform and public listing of public sector general insurance and undertaking significant changes in FDI policy," he said while unveiling Budget 2016-17 in Lok Sabha.
There are four public sector general insurance companies - New India Assurance Company Ltd, National Insurance Company Ltd, Oriental Insurance Co Ltd, United India Insurance Co Ltd.
Besides, there are two specialised insurers - ECGC and AIC - and one life insurance insurer, LIC.
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