New insurance cover for heart patients

hubli: the united india insurance company will soon unveil new package for heart patients besides offering improvised medical insurance. company chairman and managing director v. jagannathan announced these schemes after inaugurating the 24th regional office in hubli. he said the company will strive for a new thrust with the help of innovative technology and specialised services.the company, which achieved a turnover of rs 2,442 crore in 2000-2001, has set a growth target of 15 per cent in the current fiscal. by october 2001, the accumulated growth stood at rs 100 crore. ``the company's performance is satisfactory.'' he said company's priorities are human resources development, computerising offices and minimising losses. some 500 of the 1,100 branch offices across the country have been computerised and the rest will be modernised by march. jagannathan said kisan credit cards were being issued as part of the campaign and a new insurance cover would be introduced for children and students. he said the scheme, which was operational in tamil nadu and some cities in south karnataka, was "popular". ``in this scheme, the premium rate is low and the parents are given the amount in the event of children's death.'' on the entry of foreign insurance companies to india, he said that at present there were six players and their overall business was worth about rs 90 crore. ``the companies are testing the indian waters for the right catch.'' but the indian insurance companies were way ahead and would face the competition. about 25 crores of people, who form the major chunk of middle and lower middle classes in the country, come under the insurance cover. company regional manager m. elango said the hubli office will help improve the quality of service. he said due importance had been accorded to north karnataka, which he described as a ``growing area''. lok sabha member vijay sankeshwar lauded the company for opening its regional office in hubli. company's former chairman c. sarabharayya and general manager p. srinivasan also spoke.