General insurers are likely to take a hit to the tune of Rs 4,000 cr from calamities, thus they plan to increase premia under catastrophe c...

Despite a hike in catastrophic and third-party motor cover, general insurance industry is not laughing their way to the banks as premium.

Corporate contributions for flood relief and rehabilitation efforts of the government continued to pour in, with PSU and private firms givi...

Govt has asked all state-owned general insurers and LIC to finalise the micro-insurance products to be sold to account holders in the secon...

The company has set a target premium of Rs 11,000 crore by end of current FY. Last year the company's total premium was Rs 9,707 crore.

The Supreme Court last Friday directed insurance companies to pay 50 per cent of insured amount for policies above Rs 25 lakh and 95 per.

The proposed hike in FDI cap from 26% to 49% in the insurance sector will lead to higher growth of the industry, United India Insurance's M...

Kharat said the company may look at markets of the Middle East and Sri Lanka to begin with, as these markets offer good business potential.

However, the official said that insurers' actual role in providing micro-insurance would happen only from 2015, or during the second phase ...

United India Milind Kharat presented a cheque of Rs 106 crore to Finance Minister Arun Jaitley in New Delhi yesterday, a company statement ...

The company clocked total premium of Rs 9,709 crore in 2013-14, an increase of Rs 443 crore compared to the previous financial year.

The company has adopted 16 villages under its financial inclusion space and plans to adopt more during the current year, he said without el...

United India Insurance has requested the Agriculture Insurance Company (AIC) to allow it to sell crop and weather insurance products in the...

Increased emphasis on retail segment and focus on containing underwriting losses will be the key to profitable growth, said United India In...

The number of micro offices (single person managed) will be doubled from 350 at the beginning of this year to 700 by end of this fiscal, he...

Kharat recently assumed office as Chairman and MD of the Chennai-based insurance provider, replacing G Srinivasan.

After a delay of almost a year, the government has cleared the appointment of a new chairman for country's largest general insurer.