Total premium collection in Kerala up 14%

The four public sector general insurance companies "" United India Insurance Company, Oriental Insurance Company, National Insurance Company and New India Assurance Company "" collected a total premium of Rs 769.47 crore from Kerala in 2006-07.

The total premium collection was up 14 per cent, compared with Rs 674.66 crore during the previous fiscal. United India maintained its first position by registering Rs 216.25 crore, up 11 per cent from Rs 194.84 in 2005-06. Oriental Insurance followed with 21 per cent increase.

The company collected a total premium of Rs 200.65 crore as against Rs 165.81 in the previous fiscal. National Insurance could collect Rs 190.53 crore showing a growth of 19 per cent from Rs 159.74 crore.

With 5 per cent increase, New India Assurance collected a premium income of Rs 162.04 crore.

This was Rs 154.27 crore in 2005-06. The four companies paid Rs 500 crore as claim settlement in the state during 2006-07. United India and National Insurance topped the list with Rs 137 crore each followed by Oriental Insurance with Rs 116 crore. New India Assurance paid Rs 110 crore as claim settlement. "" BS Reporter