New Delhi, July 13 -- The All India Employees' Association (AIIEA), one of the major unions in the non-life insurance sector, has urged Finance Minister Nirmala Sitharaman that the merger process of three public sector general insurance companies (PSGICs) be continued.
In a letter on Saturday, Sanjay Jha, Secretary, standing committee (General Insurance), said, "Since the announcement of merger of three PSGICs two years ago, all preliminary steps, like appointment of consultants and formation of working groups to oversee integration of key areas such as IT and accounts, have been completed."
The consultants as well as the working groups have submitted their preliminary reports also. The boards of these companies recommended convening of e...