The losses of health insurance business of PSU insurers either wiped out or decreased profits of other lines of business or increased the overall losses, the audit report on third-party administrators (TPAs) in the health insurance business of public sector insurance companies noted.
source https://economictimes.indiatimes.com/industry/banking/finance/insure/cag-report-psu-general-insurers-logged-26k-cr-loss-between-fy17-fy21/articleshow/93379344.cms
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