United India Insurance back in black, posts ₹154 crore net in FY25
United India Insurance Company returned to profitability reporting ₹154 crore net profit for 2024-25.
Compared to the ₹804 crore loss in previous fiscal, it is an impressive turnaround. It has made profit after several years, the State-owned general insurer said.
Gross direct premium income stood at ₹20,072 crore, combined ratio improved 4% to 121.67% and customer base raced past 2 crore mark, the country's 4th largest general insurer said.
'Our relentless focus on technological innovation, customer satisfaction and risk management enabled us to adapt to evolving industry dynamics and emerge stronger,' CMD Bhupesh Sushil Rahul said.
Through prudent underwriting and strategic loss control measures, it has reclaimed its position as a profitable force in the industry, UIICL said. In alignment with IRDAI's vision of 'Insurance for All by 2047' it has unveiled a range of cutting-edge insurance solutions designed to meet changing needs of customers while enhancing market competitiveness. The list includes comprehensive personal accident policy Sampurna Suraksha Bima; parametric insurance product Param Mitra Suraksha Policy; usage-based motor insurance cover tailored for customers with limited vehicle usage; United Cyber Kavach Policy; and home protection plan securing both property and belongings United Value Griha Raksha Policy.
By prioritizing customer-centric strategies, seamless claims processing and enhanced service standards, the company continues to reinforce its commitment to delivering financial security, strengthening customer trust and redefining industry leadership in the ever-evolving insurance landscape. UIICL has presence across India and offers a portfolio of insurance solutions, including health, motor, property, and marine coverage.
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