Injection of funds into three Indian insurance companies

The Indian government is studying the possibility of injecting more capital into three state-owned insurance companies during the fiscal year 2021-2022, which runs from 1 April 2021 to 31 March 2022.

The three companies included in this project are National Insurance, Oriental Insurance and United India Insurance.

The purpose is to improve the insurers' solvency and enable them to meet the regulatory requirements in the aftermath of the Covid-19 pandemic.

The authorities have already approved the injection of 99.5 billion INR (1.36 billion USD) during the fiscal year 2020-2021. The companies in question may need at least an additional 50 billion INR (684.36 million USD) in 2022.

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