At stock changes CCEA approves 5 general insurance PSUs

Insurance policies now a days are listed as "must needed" things in all opinions as it prevents a person or entity during extreme conditions of financial loss or responsibilities due to an unfortunate , unforgettable incident.

We all goes to a deep thought when it comes to insurance as it is a choice to be made by thinking seriously and also adopting the best for future things. Insurance plays a fraternity prinicipal in life as it protects all of our loving peoples when we are vulnerable to help.

Considering all of the above things , the Cabinet Committee of Economic Affairs (CCEA) recently has given its "in principle" approval for the listing of 5 public sector general insurance companies during 2016-17  which is owned by General insurance companies in stock exchanges.

You all might be thinking about role of CCEA ?

What is CCEA?

CCEA stands the cabinet committee of economic affairs which is one of the standing committee constituted by government of cabinet.
CCEA one of a function is to review the economic trends on a continuous basis keeping the prospects and also problems in mind , with a view of consistent economic framework policies.

The 5 public sector general insurance companies are listed below :-

1. Oriental insurance company LTD.

  2. General insurance corporation of India

  3. New India assurance company of India Ltd.

  4. United India insurance company Ltd.

  5. National insurance company Ltd.

The shareholding grapls of these PSGICs most probably divested from 100 to 75 % over a period of time in atleast one or more than one tranches.

Motto of these PSGICs

• Enhance corporate governance and risks management practices that will led to greater efficiency.
• Bring equity and transparency in the companies that functions the stock exchange necessitates  the requirements of SEBI
• Bring out more ways to open up capital market for the companies to raise their resources to complete their fund requirement and grow their business.