New India Assurance presents Rs 220 cr dividend to govt
Jun 26 2014 , New Delhi
"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.