New India Assurance Pay Rs 220 Cr Dividend To Government For FY' 13

State-run general insurance firm New India Assurance has paid a dividend of Rs 220 crore to the government for the fiscal year which ended on March 31, 2014.
As per an official, Chief Managing Director of New India Assurance Co. Ltd Mr. G. Srinivasan presented a dividend cheque of Rs 220 crore to the Union Finance Minister Mr. Arun Jaitly on Thursday.
The state-owned general insurance companies- New India Assurance, National Insurance Company, United India and Oriental Insurance Company Ltd have jointly registered a growth of 10 % in gross premium during the fiscal year 2013-14 and have projected a 100% increase in the next five years.

Source: http://www.insuringindia.com