Finance Ministry Asks PSU General Insurers to Cut Expenses to Improve Monetary Health: Report

<p>NICL, with a combined ratio of 160.8 per cent and underwriting losses of Rs 5,759 crore, has suffered losses of Rs 4,108 crore while OICL (141 per cent, Rs 4,197 crore) and UIIL (132 per cent, Rs 4,487 crore) have been hit with losses of Rs 1,524 crore and Rs 1,486 crore, respectively in 2019-20.

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