Total Networth

627.04 Cr.

The United India Insurance Company Limited was incorporated in the pre-Independence era, in 1938. Thereafter, when general insurance was nationalised in 1972, many Indian insurance companies and cooperative insurance societies were merged with the United India Insurance Company Limited, leading to tremendous growth in the company in the years that followed. Today, in addition to being a prominent industry leader, the United India Insurance Company Limited is also a major institutional investor in the Indian stock market. As of February 2024, the company has a portfolio value around Rs.550+ crores. Most of the holdings can be traced back to investments in Bosch Limited, Sundaram Finance Limited and GIC Housing Fin. The sectoral breakup of the insurance giant’s portfolio shows a focus on segments like automobiles & auto components, banking & finance, textiles and mining.