Capital-starved state-run general insurance firms are eyeing monetisation of their real estate assets with the government making any future capital infusion conditional. Capital infusion by the government is contingent to their performance on monetisation and other financial and operational parameters, said officials aware of the matter.
The monetisation of commercial and residential real estate asset is part of a five-pronged strategy being worked out by the insurers–which also includes further expansion of their motor and health portfolios and upgrade of risk management systems – to improve their profits and solvency ratio, a senior finance ministry official told.
