United India insurance eyes Rs 11,000-crore premium

Written by Press Trust of India | Chennai | Updated: Apr 26 2014, 20:26pm hrs
State-run United India Insurance Company has set a target of reaching Rs 11,000-crore premium during the current financial year, a top official said on Friday.

We will keep the momentum with the industry growth. We are looking at completing premium of Rs 11,000 crore this financial year..., United India Insurance CMD Milind Kharat told reporters while declaring the annual results.

The company clocked total premium of Rs 9,709 crore in 2013-14, an increase of Rs 443 crore over the previous financial year's Rs 9,266 crore. What we have targeted is not a modest growth (on total collection of premium). It is an aggressive growth. The insurance industry has been growing 10-12% and we are looking at an aggressive growth this year, Kharat said.