The government has approved listing of five state-run general insurance companies, Finance Minister Arun Jaitley said on Wednesday. This clears the way for the government to further accelerate its plans to raise money through disinvestment of equity stakes in PSUs (public sector undertakings), following its other similar recent initiatives.The government holds entire 100% stake in all the five state-run general insurance companies, namely, New India Assurance Company, National Insurance Company, Oriental Insurance Company, United India Insurance Company and a re-insurance firm General Insurance Corp.

Source - http://www.financialexpress.com