United India Eyes Rs 20 Crore Premiums Via Bancassurance

United India Insurance Co Ltd (UII) expects to earn a premium income of Rs 20 crore through bancassurance alliances this fiscal.

The company has earned about Rs 3.5 crore from its tie-up with Andhra Bank in the last nine months.

UII has also entered into partnerships with the Indian Bank and the South India Bank.

The company recently tied-up with Federal Bank as its latest bancassurance partner.

V Jagannathan, chairman and managing director, UII, said,