Finance ministry asks state-owned insurance companies to focus on profitable businesses

Sunday, 4 August 2024
The finance ministry directed state-owned general insurers to focus on profitability over top-line growth. Following Rs 7,250 crore in capital infusions, companies like Oriental Insurance saw profitable turnarounds. Efforts now prioritize profitable lines of business, exiting loss-making segments such as motor and health insurance, aiming for sustainable improvements without further capital infusions.

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Finance ministry asks state-owned insurance companies to focus on profitable businesses

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