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New India Assurance records a net profit of Rs 617 cr in Q3 FY 2018
Announcing the 3rd quarter performance, G Srinivasan, Chairman cum Managing Director, NIA, said, “The results of the company have improved substantially due to improvement in combined ratio. The drop in combined ratio was aided by lower claims ratio and operating expense ratio due to various steps taken by the company.”
Finances will never be a problem for National Health Protection Scheme: J P Nadda
New health insurance plan may cost Centre, states $1.71 bn a year
United India raises Rs 900 crore at 8.25 per cent, issue oversubscribed by two times
“We have raised Rs.900 cr. subordinate debt in the form of non secured (NCDs) at 8.25 per cent with a tenure of 10 year and with a call option after 5 years. The response was highly satisfying as it has been oversubscribed by almost 200% of the issue size. We will only retain R900 crore . It augments our solvency by about 23 points,”said MN Sarma, CMD, UII.
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