Monday, July 7, 2014

United India Insurance Pays Rs 106 Cr To Government As Dividend For FY' 2013-14

United India Insurance Company Limited, one of the state-run general insurance 
 firms, has paid a dividend of Rs 106 crore to the government for the fiscal year 2013-14.

The dividend of Rs 106 crore declared amounts to 70.66% of paid-up capital.

As per a company statement, United India Chairman-cum-Managing Director Mr. Milind Kharat presented a cheque of Rs 106 crore to India's new finance minister Mr. Arun Jaitly in New Delhi on Thursday.

United India's Profit After Tax (PAT) in FY' 2013-14 stood at Rs 527.6 crore as against Rs 527.33 in previous year, the company statement said.

Its premium income for the period was Rs 9,709 crore with an accretion of Rs 443 crore registered over the same period of previous year, the statement added.


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