Foreground photo of two entrepreneurs who shake hands in a photo Istock Photo for bl | Photo credit: cecilie_arcurs
United India Insurance Company Ltd (UIICL), a non -life insurer of the public sector, has been associated with the Small Industries Development Bank of India (SIDBI) to distribute general insurance products designed for the MSME sector.
The TI-UP aims to provide comprehensive insurance solutions, including home, health, engine and engineering products, to the Sidbi customer base in its 123 branches throughout the country.
UIICL considers this alliance as a key step towards insurance insurance penetration among the MSME.
“This association marks a significant movement to offer personalized insurance solutions to MSMEs, a central sector for the economic growth of India,” said Mathew George, executive director of UIICL.
Ravindran Al, Business Director, Sidbi, described collaboration as “a step forward in the delivery of financial services and integrated insurance under the same roof.”
Posted on April 16, 2025