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.

EDITORIAL OF THE DAY

  • Next two years could be a turning point for India that’s on the cusp of a big change

    After three years in office, prime minister Narendra Modi’s performance and acceptability ratings continue to be high even as the ruling BJP-led Nat

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: Islam’s dance of death

It is a short walk between victim hood and blood ...

Susan Visvanathan

Landed in trouble

The British always required get away places. Shimla is the ...

Zehra Naqvi

Mindful meditation in everyday life

Amid the vast multitude of tasks and huge amounts of ...