National Insurance Co.
Ltd
- Growth rate over 11 percent achieved in
fiscal 2001-02 compared with 6.25 percent in 2000-01. Current fiscal
(2002-03) targets 18 percent growth.
- Yields from investments stood at Rs 439.77
cr in 2001-02.
- Tie-up with Maruti Udyog Ltd (MUL) is
expected to yield Rs 250 cr as premium income.
- Incurred maiden loss with net operating loss
of Rs 94 crore in 2001-02 against net profit of Rs 89 crore in
2000-01.
- Underwriting losses were up 87 percent at Rs
440 cr in 2001-02.
- Motor third party claims were up 267 percent
at Rs 730 cr in 2001-02.
- Non-performing assets stood at 10.5 percent
in 2001-02 against 10.06 percent in 2000-01.
New Indian Assurance
Co. Ltd
Oriental Insurance Co.
Ltd
United India Insurance
Co. Ltd
Tata AIG General
Insurance Co. Ltd
Bajaj Allianz General
Insurance Co. Ltd
- If govt. hikes FDI limit from 26 to 49
percent as recommended by the NK Singh committee, Bajaj will offload some
stakes in favour of Allianz.
- The company has Rs 100 cr paid-up capital.
Promoters are expected to invest around Rs 50 cr over a period of time.
IFFCO Tokio General
Insurance Co. Ltd
ICICI Lombard General
Insurance Co. Ltd
Reliance General
Insurance Co. Ltd
Royal Sundaram Alliance
Insurance Co. Ltd
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