Finance Minister Arun Jaitley on Monday proposed listing of four wholly-owned PSU general insurance companies.
". . .(proposed to) undertaking important banking sector reform and public listing of public sector general insurance and undertaking significant changes in FDI policy," he said while unveiling Budget 2016-17 in Lok Sabha.
There are four public sector general insurance companies -- New India Assurance Company Ltd, National Insurance Company Ltd, Oriental Insurance Co Ltd, United India Insurance Co Ltd.
Besides, there are two specialised insurers -- ECGC and AIC -- one life insurance insurer, LIC.