Govt weighs ₹5,000 crore capital infusion for three PSU insurers as losses return

Vijayan said operational strengthening needs to go beyond capital. “In the last 10 years, the number of employees has reduced by more than half; from around 16,000 to almost 7,000 per company. Besides capital, it is also important to increase manpower. Listing will help improve capitalization and merger will definitely help. After all, the insurance industry needs economies of scale that only LIC has today,” he said.