Private Insurance company – United India Insurance Company is looking forward to set up its branches overseas. The company has the plans to expand its network outside the country. The United India will set up a new branch in Sri lanka. The company stated that many of the Tamil -speaking people are doing business there, so it would be beneficial for the company.
By the next year the company hopes to establish the new branch overseas. The company has presented the plan to the RBI and IRDA both. With the hope to do well and expand its services the company is working to set up a successful branch by the next year.