Public Sector General Insurance Companies register 21.39% growth
The four PS Cos together collected a premium of Rs.30,531.61 cr in the financial year 2011-12, an increase of Rs.5,379.68 cr over the previous year, registering a combined growth of 21.39%.
Flash figures (provisional) – Rs in crores
Flash figures 2011-12
National 7784.91 (2011-12 GDPI) 6220.70(2010-11 GDPI) 1564.21(Accretion) 25.15(Growth%)
New India 8535.68 (2011-12 GDPI) 7097.14(2010-11 GDPI) 1438.54(Accretion) 20.27(Growth%)
Oriental 6043.97 (2011-12 GDPI) 5457.43(2010-11 GDPI) 586.54(Accretion) 10.75(Growth%)
United India 8167.05 (2011-12 GDPI) 6376.66(2010-11 GDPI) 1790.39(Accretion) 28.08(Growth%)
Total 30531.61 (2011-12 GDPI) 25151.93(2010-11 GDPI)5379.68(Accretion) 21.39(Growth%)
AIIEA congratulates all sections of employees for their excellent contribution to this success of Public Sector General Insurance Companies.
United India scores big -- Profit soars to Rs.469 cr. UIIC Board which met at Mumbai on Apr 28, 2012 has declared a profit of Rs.469 cr (PBT) for the year 2011-12. Profit After Tax (PAT) is Rs.386 cr. A dividend of Rs.78 cr is declared constituting 52% of the authorized share capital of Rs.150 cr. The company is celebrating its platinum jubilee this year. It has earned the distinction of being the first PSGI company to adopt the accounts for 2011-12 and to post the highest growth rate in premium. The company received three awards this year from Bloomberg-UTV and India Insurance Review. AIIEA sends its congratulations to all the employees on this success. ... Sd/- J. Gurumurthy, Secretary.
The four PS Cos together collected a premium of Rs.30,531.61 cr in the financial year 2011-12, an increase of Rs.5,379.68 cr over the previous year, registering a combined growth of 21.39%.
Flash figures (provisional) – Rs in crores
Flash figures 2011-12
National 7784.91 (2011-12 GDPI) 6220.70(2010-11 GDPI) 1564.21(Accretion) 25.15(Growth%)
New India 8535.68 (2011-12 GDPI) 7097.14(2010-11 GDPI) 1438.54(Accretion) 20.27(Growth%)
Oriental 6043.97 (2011-12 GDPI) 5457.43(2010-11 GDPI) 586.54(Accretion) 10.75(Growth%)
United India 8167.05 (2011-12 GDPI) 6376.66(2010-11 GDPI) 1790.39(Accretion) 28.08(Growth%)
Total 30531.61 (2011-12 GDPI) 25151.93(2010-11 GDPI)5379.68(Accretion) 21.39(Growth%)
AIIEA congratulates all sections of employees for their excellent contribution to this success of Public Sector General Insurance Companies.
United India scores big -- Profit soars to Rs.469 cr. UIIC Board which met at Mumbai on Apr 28, 2012 has declared a profit of Rs.469 cr (PBT) for the year 2011-12. Profit After Tax (PAT) is Rs.386 cr. A dividend of Rs.78 cr is declared constituting 52% of the authorized share capital of Rs.150 cr. The company is celebrating its platinum jubilee this year. It has earned the distinction of being the first PSGI company to adopt the accounts for 2011-12 and to post the highest growth rate in premium. The company received three awards this year from Bloomberg-UTV and India Insurance Review. AIIEA sends its congratulations to all the employees on this success. ... Sd/- J. Gurumurthy, Secretary.
