New India Assurance presents Rs 220 cr dividend to govt

Tags: News
Public sector general insurer New India Assurance today presented a dividend cheque of Rs 220 crore to the government.

"G Srinivasan, CMD, The New India Assurance Co. Ltd., a Public Sector Non-life Insurance Company, presented a dividend cheque of Rs 220 crore to the Union Finance Minister Arun Jaitley here today," an official statement said.

Public sector general insurance companies showed a growth of 10 per cent in gross premium during 2013-14 and have projected a 100 per cent increase in the next five years.

There are four public sector non-life players in the country including New India Assurance. The others are National Insurance Company, United India and Oriental Insurance Company Ltd.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The NDA government would do well to keep its economic focus in place

    It is as if the worst horrors conjured by liberal secularists about India’s prime minister could be finally coming true.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Taslima Nasrin

Religious conversion as fundamental right

Tricks and treats, coercion, threats, manhandling and extermination are the ...

Purnendu Ghosh

Does speed liberate or enslave humans?

Speed is the reflection of modernity and modernisation. Speed is ...

Shona Adhikari

Why Indian art auctions are here to stay

With Christie’s second India sale just over in Mumbai, we ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture