Overview: Indian Public Sector General Insurance Companies have turned profitable after government reforms and capital infusion, achieving significant financial recovery. **Financial Turnaround** - All PSGICs became profitable after historically reporting losses. - Oriental Insurance Company Ltd. and National Insurance Company Ltd. posted quarterly profits starting Q4 FY 2023-24 and Q2 FY 2024-25, respectively. - United India Insurance Company Ltd. reported profit in Q3 FY 2024-25 after a 7-year gap. - New India Assurance Company Ltd. consistently maintained profitability and market leadership. **Government Support** - Government infused Rs. 17,450 crore into PSGICs from 2019-20 to 2021-22. - The aim was to support reforms, improve efficiency, and drive profitability. **Operational Improvements** - PSGICs implemented improved risk-management practices and loss control initiatives. - Adoption of technology and development of new products enhanced customer service. - Diversification of portfolios contributed to financial recovery. **Financial Performance** - Combined losses of over Rs. 10,000 crore in 2022-23 turned into a combined profit of Rs. 1,066 crore by Q3 FY 2024-25. - PSGICs are committed to maintaining positive financial trajectories and enhancing customer experience. **Future Goals** - PSGICs aim for long-term sustainability and high-quality insurance products. - Commitment to achieving “Insurance for All” by 2047 through ongoing strategic measures and new initiatives.