UII Targets Retail Segment

CHENNAI: Public sector United India Insurance will increase its concentration on retail segment by concentrating on bancassurance, microinsurance and customisation of products. The company, in a bid to tap the vast potential in the personal insurance, planned to set up 50 more one-man offices in the rural areas before the current fiscal. The company already had 230 such offices. The company declared a dividend of 70.51 per cent, amounting to Rs.105.77 crore to the Centre.