9748

United India Insurance Co. Ltd.

Company

United India Insurance Co. Ltd.

Year Established

1938

Brief History

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. We have 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.


Promoters of the company

Govt. of India

Share Capital (In crores)

150 crores

Solvency margin ratio

3.41

Credit rating

NA

ISO Certificate

NA

Gross Direct Premium 2009-2010 (In crores)

5239.0

Net Claim Incurred 2008-2009

(in crores)

3329.24

No of Employees

18300


No. of Branch Offices India =

Overseas =

1340

0

Name & Designation of Key Executives

Shri.G.Srinivasan Chairman cum Managing Director ShrLMilind.A.Kharat Director & General Manager Shri.V.Harshavardhan Director & General Manager Shri.K.Sanath Kumar General Manager

Shri.S.K. Ghosh General Manager & Financial Advisor Shri. Joseph J Plappallil General Manager

ShrL P.C. James General Manager

Shri.S.P.Sinha Chief Vigilance Officer

Head Office

(Corporate Office) Address

United India Insurance Company Ltd,

24 WHITES ROAD. CHENNAI TAMIL NADU-600014

Contact Number

Telephone : 044-28520161

Fax :

Email:

Toll Free No.

Website

www.uiic.co.in

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