News Non-Life23 Jun 2020

India:State owned non-life insurers ordered to cut costs

23 Jun 2020

The government is prescribing austerity measures for six government controlled non-life insurance companies, with the aim of saving 20% of costs in the current fiscal year ending 31 March 2021 (FY2021), in light of difficult operating circumstances brought on by the COVID-19 pandemic.

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