The United Insurance Company (UIC) has announced substantial increase in its paid up capital with issuance of interim bonus shares. The UIC Country Manager, Dr Murtaza Mughal said on Friday that the company's paid up capital had risen to Rs 229 million.
He said the company had issued 25 percent bonus shares, and had registered tremendous growth in business volume and turnover over the last one year. Dr Mughal said UIC plans to broaden its base and penetration.