New India Assurance pays Rs. 1.70bn dividend

India Infoline News Service | Mumbai |

NA

General insurer New India Assurance has paid a dividend of Rs. 1.70 billion to the government for FY13.

Surge in investment income and upward revision in premium rates helped the general insurer post a net profit of Rs. 8.44 billion for the full year ended March 31, 2013 as against a net profit of Rs. 1.79 billion last year.
 

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