Nirmala Sitharaman takes stock of T insurance sector

Hyderabad: Union finance minister Nirmala Sitharaman on Thursday took stock of the general insurance industry in Telangana and steps being taken to reach out to every household. “Nirmala ji took lot of interest and assured all the help to the insurance industry,” said Sohanlal Kadel, chairman and managing director of Kadel Insurance.

The discussions were also held on merger of three PSU companies and how Insurance Regulatory and Development Authority (IRDA) should appoint new officials after retirement of existing officials. “One advisory committee of retired CMDs will advise the government insurance industry to help them make profit,” Kadel added.

Source: The Times of India