United India Insurance PAT rises 36% in FY12-13

India Infoline News Service | Mumbai |

United India Insurance is targeting a premium of Rs. 110 billion with a PAT of Rs. 6 billion in the current fiscal

United India Insurance Company profit after tax (PAT) rose 36% to Rs. 5.27 billion for the fiscal 2012-13 from Rs 3.87 billion for the previous year.

The state owned insurer’s premium increased 13% to Rs. 92.66 billion during FY12-13 from Rs. 81.79 billion during the previous year with an accretion of Rs. 10.87 billion.


United India Insurance is targeting a premium of Rs. 110 billion with a PAT of Rs. 6 billion in the current fiscal.

The company is planning to sign deals with vehicle manufacturers and dealers in its motor insurance portfolio, while it would tie up with banks for the business of small and medium entrepreneurs, mainly in fire and engineering policies.
 

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