Public general insurers to be listed on exchanges

The government is planning to list the public general insurance companies. In his budget speech, Finance Minister Arun Jaitley said that the general insurance companies owned by government will be listed on the stock exchanges.

At present. New India Assurance, United India Insurance, Oriental India Insurance and National Insurance are the four public sector general insurance companies. However, Jaitley did not share any timeline of the listing of these entities.

In the past, there have been discussions in the past between finance ministry and these insurers on their possible listing. G Srinivasan, chairman and managing director of New India had earlier said that they are already for the listing process, though a final call would be taken by the government.

No insurance company is currently listed on the stock market.