Question : LISTING OF GENERAL INSURANCE COMPANIES

(a) whether the Government has put on hold its plan to list four State-run general insurance companies operating in the country;

(b) if so, the details thereof and the reasons therefor;

(c) the dividend generated by these companies and paid to the Government during each of the last three years, company-wise;

(d) whether the Government has issued any directions to these companies to restructure their loss making portfolios, improve their claim management and avoid pricing warfare among the State-run firms and if so, the details thereof; and

(e) the time by which these companies are likely to be listed?

THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)

(a), (b) & (e): There is no proposal before the Government to list the public sector general insurance companies

(c): The dividend generated and paid to the Government during the last three years are as under:

(Rs. in crores)
Company	2009-10	2010-11	2011-12
National Ins. Co. Ltd.	43.98	Nil	Nil
New India Assu. Co. Ltd	85.00	Nil	40.00
Oriental Ins. Co. Ltd.	Nil	Nil	50.67
United India Ins. Co Ltd.	142.00	30.00	78.00