United India Insurance, SIDBI in pact to offer insurance products for MSMEs


Closeup shot of two businessmen shaking hands in an office istock photo for BL

Closeup shot of two businessmen shaking hands in an office istock photo for BL
| Photo Credit:
Cecilie_Arcurs

United India Insurance Company Ltd (UIICL), a public sector non-life insurer, has partnered with the Small Industries Development Bank of India (SIDBI) to distribute general insurance products tailored for the MSME sector.

The tie-up aims to provide comprehensive insurance solutions — including home, health, motor, and engineering products — to SIDBI’s customer base across its 123 branches nationwide.

UIICL views this alliance as a key step toward increasing insurance penetration among MSMEs.

“This partnership marks a significant move towards offering customized insurance solutions to MSMEs, a sector central to India’s economic growth,” said Mathew George, Executive Director, UIICL.

Ravindran A.L., Chief Business Officer, SIDBI, described the collaboration as “a step forward in delivering integrated financial and insurance services under one roof.”

Published on April 16, 2025



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Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.

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