United India Insurance collected a premium of Rs 4,757 crore in the first half of the current financial year and is likely to cross Rs 10,000 crore in the current year.
The company has a networth of Rs 4,900 crore as on date with a market value of assets of over Rs 19,514 crore.
The solvency ratio is 2.78, which is among the highest among the major players.
For the first six months of the current year, the net profit was Rs 350 crore, said a press release issued by the company.
The general insurance company, which recently celebrated its Platinum Jubilee, introduced the information-cum-transaction kiosk and m-power, the mobile platform for paying premium.
The company implemented for the first time in the non-life insurance sector the community based insurance solutions and also village adoption programmes. It also pioneered the concept of Micro Office to penetrate into rural areas and today has 462 such offices, said the press release. It has a network of 1,581 offices spread across the country and is in the process of implementing CORE insurance solutions for anywhere-anytime access to customers.
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