The Union Cabinet on 8th July authorized capital infusion of Rs 12,450 crore for three public sector general insurance companies namely Oriental Insurance Company Ltd, National Insurance Company Ltd & United India Insurance Company Ltd (consisting Rs 25,00 crore infused in FY 2019-20).
New India Assurance, General Manager, SN Rajeswari, has been appointed as the Chairman and MD of the Oriental Insurance Company (OIC) by Banks Board Bureau (BBB). She will take place of AV Girija Kumar, who retires this month’s end after reaching 60.