United india insurance company - Latest News Update, Information, Photos & Videos on United india insurance company at Lokmat Times

Chennai, Dec 22 One of the candidates for privatisation, United India Insurance Company's solvency ratio has gone down to 0.74 as against the sectoral regulator's norm of 1.5.In a regulatory filing, the central government owned non-life insurer had said its solvency margin as on September 30, 2021 was 0.74 per cent.The sectoral regulatory Insurance Regulatory and Development Authority of India (IRDAI) has stipulated the solvency margin ratio for insurers as 1.5.The company closed the first half of the current fiscal with a gross premium income of Rs 7,649.40 crore and a net loss of Rs 966.49 crore.For the corresponding period of the previous year, United India had earned a gross premium of Rs 7,797.89 crore and a net profit of Rs 169.36 crore.The central government had earlier announced that it would privatise one of its three insurers - United India, National Insurance Company and The Oriental Insurance Company Ltd.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Mega Block

Maharashtra Lok Sabha Election

T20 World Cup 2024

United India Insurance CompanyFOLLOW

United india insurance company, Latest News

Aurangabad :MACT orders compensation of Rs 20L

Aurangabad, June 6: The Motor Accident Claims Tribunal (MACT) member Vijay S Kulkarni has directed an insurance company to ... ...

National :Ex-United India Insurance official, wife sent to jail in DA case

New Delhi, March 3 A special CBI court in Ahmedabad has awarded different jail sentences to a former ... ...

International :United India Insurance solvency at 0.74, less than stipulated ratio

Chennai, Dec 22 One of the candidates for privatisation, United India Insurance Company's solvency ratio has gone down ... ...