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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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