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United India Insurance News

general insurance

06 Sep 2019

Centre to infuse Rs 12,000 crore in state general insurance firms

The Budget had provisioned Rs 70,000 crore for PSB recapitalisation and last week a Rs 55,250-crore infusion was announced in several PSBs for regulatory and growth requirements.

15 Apr 2016

ONGC gets 25% discount on premium from United India, GIC Re

ONGC's hard bargain with state-run United India Insurance and GIC Re has further brought down its annual renewal premium by almost 25 percent to USD 16 million for both insurance as well as reinsurance covers for its offshore assets valued at USD 34 billion.

United India Insurance

18 Nov 2015

United India eyes Rs 11,800 cr premium in 2015-16

Riding on the growth of motor and health insurance segments, public sector United India Insurance has set a target of clocking a total premium of Rs 11,800 crore during the current financial year.?

04 Aug 2015

No decision yet on Cairn-Vedanta deal: United India Insurance

Public sector player United India Insurance Company Ltd (UIICL), one of the shareholders in Cairn India, Tuesday said it has not taken any stand on the merger issue of Vedanta and Cairn India Ltd.

16 Jul 2015

CCI imposes Rs 671 crore fine on four state-run insurers

Competition Commission has imposed a penalty of Rs 251.07 crore on New India Assurance, Rs 162.8 crore on National Insurance, Rs 156.62 crore on United India Insurance and Rs 100.56 crore on Oriental Insurance, respectively.

27 Apr 2015

IRDA imposes Rs 60 lakh penalty on United India Insurance

Insurance regulator IRDA Monday imposed a penalty of Rs 60 lakh on state-owned United India Insurance Company Ltd for violation of various regulatory provisions.

30 Mar 2015

ONGC renews insurance 35% cheaper from United India for $20 mn

Energy major ONGC has driven a hard bargain to renew its insurance and re-insurance covers, at USD 20 million -- a discount of 35 percent -- for its offshore assets valued at USD 34 billion from state-run United India Insurance and two global re-insurers.

27 Oct 2014

United India keen on entering Sri Lanka

The company had earlier set up office in Hong Kong but was shut in 2002.

FDI in insurance

08 Oct 2014

'Hike in FDI cap in insurance will help sector's growth'

The proposed hike in Foreign Direct Investment (FDI) cap from 26 percent to 49 percent in the insurance sector will lead to higher growth of the industry, a top official of United India Insurance company said on Wednesday.

United India Insurance

28 Sep 2014

United India Insurance keen to re-enter overseas markets

Public sector general insurer United India Insurance has said it is looking to re-enter the overseas markets and will soon carry out a feasibility study to assess the business potential.

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