Fund injection in the capital of three Indian state-owned insurers

The Indian government is injecting 50 billion INR (655.34 million USD) in the capital of three state-owned insurance companies. From that amount, 37 billion INR (484.95 million USD) are intended for National Insurance, 12 billion INR (157.28 million USD) for Oriental Insurance and 1 billion INR (13.11 million USD) for United India Insurance.

The new funds infusion will allow the insurers to improve their solvency and their capital management after several years of unprofitable underwriting.