United India Insurance Company which is the one among the 4 public General Insurance Companies of India and a leading General Insurance player including public and private sector announced the launch of a critical care health insurance product namely 'UNI Criticare policy'.
The product which was introduced at the insurance company's platinum Jubilee Celebrations covers 11 critical diseases.
The policy targets people in the age group of 21-65 years, the company said in a statement.
The company had recorded a net profit of Rs 414.41 crore for the first nine months of the current financial year, up 24 per cent from a year ago period.
Moreover, Pranab Mukherjee, the Finance Minister of India said that the time has come to look into the insurance-led financial inclusion in India as banking inclusion has almost reached an inflexion point.
United India Insurance Company collected Rs 5,872 crore premium during the first nine months of 2011-12, a rise of 27 per cent.
With the networth of Rs 4,587 croreas as on September 30, 2011, the company has more than three decades of experience in Non-life Insurance business.
It was formed by the merger of 22 companies, consequent to the nationalisation of General Insurance companies in India