United India Insurance Company
From Wikipedia, the free encyclopedia
| United India Insurance Company Limited | |
|---|---|
| Type | Public |
| Founded | 1938 |
| Headquarters | Chennai, India  |
| Industry | General Insurance |
| Net income | ▲520 crore INR (2006) |
| Employees | 21,000 |
| Website | Official Website |
United India Insurance Company Limited (UIIC) is a leading General Insurance Company of India. The company has more than three decades of experience in Non-life Insurance business. It was formed by the merger of 22 companies, consequent to nationalisation of General Insurance. Its Head Quarters is at Chennai, India.
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[edit] About the company
United India Insurance Company Limited was incorporated as a Company on 18th February 1938. General Insurance Business in India was nationalized in 1972. 12 Indian Insurance Companies, 4 Cooperative Insurance Societies and Indian operations of 5 Foreign Insurers, besides General Insurance operations of southern region of Life Insurance Corporation of India were merged with United India Insurance Company Limited. After nationalization United India has grown by leaps and bounds and has 18300 work force spread across 1340 offices providing insurance cover to more than 1 Crore policy holders. The Company has variety of insurance products to provide insurance cover from bullock carts to satellites.
United India has been in the forefront of designing and implementing complex covers to large customers, as in cases of ONGC Ltd , GMR- Hyderabad International Airport Ltd, Mumbai International Airport Ltd Tirumala-Tirupati Devasthanam etc. It has been also the pioneer in taking Insurance to rural masses with large level implementation of Universal Health Insurance Programme of Government of India & Vijaya Raji Janani Kalyan Yojana ( covering 45 lakhs women in the state of Madhya Pradesh) , Tsunami Jan Bima Yojana (in 4 states covering 4.59 lakhs of families) , National Livestock Insurance and many such schemes. It has also made our presence in more than 200 tier II & II towns and villages through its innovative Micro Offices.
[edit] Products
[edit] Personal Policies
- Householder
- Personal Accident
- Mediclaim
- Unimedicare
[edit] Commercial Policies
- Fire Insurance
- Marine Insurance
- Motor Insurance (vehicle insurance)
- Industrial Insurance
- Liability Insurance
[edit] Awards and Recognitions
- United India Insurance Co. Ltd. has been awarded 'iAAA' rating for its claims paying ability by ICRA (Investment Information and Credit Rating Agency) for the third successive year. This rating indicates company's highest claims paying ability, its strong fundamental and its overall financial strength for meeting the policy holders obligations.
- PCQuest, one of India's premier IT magazines has selected MPLS VPN project of UIIC as one of the best implemented IT projects in the year 2007. The details of the same are published in the June 2007 issue of the PCQuest magazine. MPLS VPN project of UIIC was selected after a rigorous screening process in which 250 IT projects of various companies in the country were evaluated. Subsequently, a jury of eminent personalities selected the top 21 IT projects implemented in 2007, in which the MPLS project of UIIC figures prominently.
