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.?

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.

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.

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.

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.

United India keen on entering Sri Lanka

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

'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 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.

Oil Co, insurer asked to pay Rs 10L for gas leakage death

A consumer forum here has asked Bharat Petroleum Corporation Limited, United India Insurance and a local gas distribution agency to pay Rs 10 lakh to a man for the death of his wife in a cooking gas leakage accident.

Rash driving: Kin of man killed in accident get over 17 lakh

The family members of a man, who died in an accident involving a rashly driven motorcycle, have been awarded a compensation of over Rs 17 lakh by a Motor Accident Claims Tribunal (MACT) here.

United India eyes Rs 11,000 cr premium in 2014-15

United India Insurance Company has set a target of reaching Rs 11,000 crore premium during the current financial year.

CCI rules out abuse of dominance by United India Insurance

Competition Commission has rejected allegations of abuse of dominance against United India Insurance Co and its third party administrator E-Meditak in the market for medical insurance services.

United India Insurance to focus on retail segment for growth

Increased emphasis on retail segment along with focus on containing underwriting losses will be the key driver for profitable growth going ahead for the public sector general insurer United India Insurance, a top company official has said.

United India Insurance plans to enter Middle East, SAARC

United India Insurance Company plans to enter the Middle East and SAARC countries to tap the potential in these regions due to a presence of a large India diaspora, a top company executive has said.

'United India to cross 10,000 crore premium by FY13 end'

Public sector United India Insurance would cross the Rs 10,000 crore premium mark by the end of this financial year, a growth rate of 26 percent, a top company official said on Thursday.

Milind Kharat appointed United India Insurance CMD

Kharat, who assumed office on October 18, began his career as Direct Recruit Officer of 1979 batch of General Insurance Corporation of India.

United India launches mobile premium payment facility

The city-based company launched 'M-Power'-- an application that can be used by the public to pay their premiums using a mobile phone.

United India Insurance Q1 profit up 20.7% at Rs 192 cr

The company's gross premium grew by 20 percent to Rs 2,428 crore in the reported period from Rs 2,022 crore registered during the same period last year.

Insurance employees seeks merger of four PSU firms

A section of insurance employees has demanded that four PSU general insurers -- National Insurance, Oriental Insurance, New India Assurance and United India Insurance -- be merged into one to bring down costs.

Sachin Tendulkar buys Rs 100 crore cover for his dream house

Sachin Tendulkar has secured his five-story Bandra residence with a staggering Rs 100 crore insurance cover, one of the biggest insurance deals by an individual.