BUSINESS

United India's focus on self-help groups

CHENNAI DEC. 4. United India Insurance will give further thrust to the personal lines insurance business (PLLI) following the encouraging performance by this sector since the beginning of this year.

Addressing presspersons here, today, V. Jagannathan, chairman and managing director of the company said PLLI contributed Rs. 236 crores till October against a total accretion of Rs. 200 crores for the whole of last year. He said the intention was to close the year with around Rs. 400 crores.

Since last year 103 offices had been identified to transact PLLI business and a further 44 micro offices were opened specially to serve rural areas, Mr. Jagannathan said.

The company would be targeting self-help groups and there were around two lakh such groups in the country, with 15-20 women in a group, he said.

According to Ravi Shankar, AGM, the PLLI products were designed for women in rural areas. Towards women empowerment United India had devised two policies, he said. The Mother Teresa Women & Children Policy was to give support to the woman in the event of accidental death of her husband and to support her minor children in the event of her death.

The second one — Unimicro Health Scheme — targeting women self help group would give personal accident and hospitalisation covers besides cover for damage to dwelling due to fire and allied perils, Mr. Ravi Shankar said.

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