The Finance Ministry is re-evaluating an earlier proposal to merge three public sector general insurance companies — Oriental Insurance, National Insurance, and United India Insurance — into a single entity, sources said. The move, aimed at improving operational efficiency and scale, is under preliminary assessment following a turnaround in the firms' financial performance. Advertisement

Between 2019-20 and 2021-22, the government infused ₹17,450 crore into the three insurers to stabilise their finances. The initial plan to merge them was announced in the 2018-19 Budget by then Finance Minister Arun Jaitley but was shelved in July 2020 in favour of a ₹12,450 crore capital infusion.

With their financial position showing signs of recovery, the merger is back under consideration. In paral

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