United India Insurance Company Limited was incorporated in 1938 and is headquartered in Chennai, India. After the nationalization of general insurance in India in 1972, United India Insurance emerged as a leading insurer following the merger of 12 insurance companies and other entities. It has grown significantly since nationalization and now has over 18,000 employees spread across 1,340 offices serving over 100 million policyholders. The company offers a wide range of insurance products and has pioneered various government schemes to increase insurance coverage in rural areas.
United India Insurance Company Limited was incorporated in 1938 and is headquartered in Chennai, India. After the nationalization of general insurance in India in 1972, United India Insurance emerged as a leading insurer following the merger of 12 insurance companies and other entities. It has grown significantly since nationalization and now has over 18,000 employees spread across 1,340 offices serving over 100 million policyholders. The company offers a wide range of insurance products and has pioneered various government schemes to increase insurance coverage in rural areas.
United India Insurance Company Limited was incorporated in 1938 and is headquartered in Chennai, India. After the nationalization of general insurance in India in 1972, United India Insurance emerged as a leading insurer following the merger of 12 insurance companies and other entities. It has grown significantly since nationalization and now has over 18,000 employees spread across 1,340 offices serving over 100 million policyholders. The company offers a wide range of insurance products and has pioneered various government schemes to increase insurance coverage in rural areas.
United India Insurance Company Limited was incorporated in 1938 and is headquartered in Chennai, India. After the nationalization of general insurance in India in 1972, United India Insurance emerged as a leading insurer following the merger of 12 insurance companies and other entities. It has grown significantly since nationalization and now has over 18,000 employees spread across 1,340 offices serving over 100 million policyholders. The company offers a wide range of insurance products and has pioneered various government schemes to increase insurance coverage in rural areas.
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. We have also made our presence in more than 200 tier II & III towns and villages through our innovative Micro Offices.
Our vision We United India will be The most preferred insurer in India with global footprint & recognition. Trusted brand admired by all stakeholders The best-in-class customer service provider leveraging technology & multiple channels The provider of a broad range of innovative products to meet the needs of all customer segments Great place to work with highly motivated and empowered employees Recognized for its contribution to the society
About the company United India Insurance Company Limited was incorporated as a Company on 18 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 ofONGC 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 ofMadhya Pradesh), Tsunami Jan Bima Yojana (in 4 states covering 4.59 lakhs of families), National Livestock Insurance and many such schemes.
Corporate Mission Introducing Ourselves UI is a leading General Insurance Company. More than three decades of experience in Non-life Insurance business. Formed by the merger of 22 companies, consequent to nationalisation of General Insurance. Head Quarters at Chennai.
Corporate Mission To provide Insurance protection to all. To ensure customer satisfaction To function on sound business principles. To help minimise national waste and to help develop the Indian economy.
Recent developments[edit] In November 2007, at pune,company's top management launched an enterprised level transformation project named UNISURGE, under this historic initiative, company identified and set up 6 themes in order to remain a leader in Indian General Insurance market and also stressed on the effective use of IT. In Addition, it has been also decided to Create incentive system and link to rigorous performance management system for the Enhancement of organizational accountability and to strengthen HR structure of the company. Recently, on January 11, 2012, The Company (often abberiviated as UIIC), has been entrusted by The Govt. of Tamil Nadu for implementing the new Comprehensive Health Insurance Scheme. [1] This scheme would cover 1.34 crore families of Tamil Nadu State and has an annual outlay of Rs. 750 crore. Tamil Nadu Chief Minister, on the launch, handed over first quarterly insurance premium installment of Rs. 183.64 crore to 'Milind Kharat, CMD of the United India Insurance.
Top Management Top Management
Management Hierarchy
Board Of Directors
Regional Chiefs S.No Name Designation Position Details 1 Shri Milind A Kharat Chairman cum Managing Director
2 Smt Asha Nair Director & General Manager
3 Shri M V V General Manager
S.No Name Designation Position Details Chalam 4 Shri A. Hoda General Manager
5 Shri V. Easwara Kaimal General Manager
6 Smt T.L. Alamelu General Manager
7 Smt Ramma Bhasin General Manager
8 Shri Kunnel Prem Chief Vigilance Officer
9 Shri Ish Kumar General Manager
10 Shri M. Elango Deputy General Manager
11 Shri R. Shivakumar Deputy General Manager
12 Smt P. Hemamalini Deputy General Manager
13 Shri A. Balasubramanian Deputy General Manager
14 Smt M. Sashikala Deputy General Manager
15 Shri P. K. Deputy General Manager
S.No Name Designation Position Details Mahapatra 16 Shri K. Govindarajan Deputy General Manager
17 Shri N Pauly Sukumar Deputy General Manager
18 Shri S Sivaraman Deputy General Manager
19 Shri V Srinath Deputy General Manager
20 Shri R Hariharan Deputy General Manager
21 Smt Usha Ramaswamy Deputy General Manager
22 Shri Narasimha Rao CH Deputy General Manager
Shri Milind A Kharat Chairman cum Managing Director
Smt Priya Kumar Director Department of Financial services Govt of India
Shri T M Bhasin Chairman cum Managing Director Indian Bank
Shri A Thrivikraman Thampi Director
Smt Asha Nair Director & General Manager
Shri M V V Chalam General Manager
Shri A. Hoda General Manager
Shri V. Easwara Kaimal General Manager
Smt T.L. Alamelu General Manager
Smt Ramma Bhasin General Manager
Shri Ish Kumar General Manager
Board of Directors Shri Milind A Kharat Chairman cum Managing Director Smt Priya Kumar Director Department of Financial services Govt of India Shri T M Bhasin Chairman cum Managing Director Indian Bank Shri A Thrivikraman Thampi Director Smt Asha Nair Director & General Manage
.N o Regional Office Address Regional Chief Landline No Fax Email Id 1 RO- AHMEDABAD ASHRAM ROAD, NR INCOMETAX CIRCLE, AHMEDABAD, 380014 Shri A.N.Rai 079-27544703 NA anrai@uiic.co.in 2 RO- BANGALORE 18, NRUPTUNGA ROAD, HUDSON CIRCLE, BANGALORE, 560001 Shri Mohd. Zafir Alam 080-22534040 080- 225340 41 mohdzafiralam@uiic.co.i n 3 RO-BHOPAL SECOND BLOCK, JAIL ROAD, ARERA HILLS, BHOPAL, 462011 Shri B B Dash 0755- 4284772 0755- 255377 5 bharatdash@uiic.co.in 4 RO- BHUBANES WAR BLOCK.NO.1, NEAR RAM MANDIR, UNIT III KHARVELA NAGAR (BESIDES RAM MANDIR), BHUBANESWAR, 751001 Shri Sanjeev Kumar 0674-2391837 0674- 239173 9 sanjeevkumar@uiic.co.in 5 RO- CHANDIGAR H SCO 123-124, SECTOR 17-B, CHANDIGARH, 160017 Shri S.P Agarwal 0172- 2712631,2711502 0172 - 271148 5 spagarwal@uiic.co.in 6 RO-CHENNAI 134, GREAMS ROAD, THOUSAND LIGHTS, CHENNAI, 600006 Shri K.B.Vijay Srinivas 044-28291965 ,28294992 044- 282941 91 kbvijaysrinivas@uiic.co.in 7 RO- COIMBATOR E 178, DR. NANJAPPA ROAD, OPP.CHIDAMBAR AM PARK, COIMBATORE, 641018 Dr.M.Abdul Azeez. 0422 - 2239701 0422 - 223189 2 mabdulazeez@uiic.co.in 8 RO- DEHRADUN 899/1, KAULAGARH ROAD, DEHRADUN, 248001 Shri S. N. Saxena 0135-2753154 0135- 275315 7 snsaxena@uiic.co.in 9 RO- GUWAHATI G.S.ROAD, NEAR DISPUR POST OFFICE, GUWAHATI, 781005 Shri M. N. Sonowal 0361-2344215 0361- 234060 6 mnsonowal@uiic.co.in 10 RO-HUBLI NO.2, KESHWAPUR, HUBLI, 580023 Mr.T.K.Harida san 0836-2264460 NA tkharidasan@uiic.co.in .N o Regional Office Address Regional Chief Landline No Fax Email Id 11 RO- HYDERABAD 3-5-817 & 818, OLD MLA QRTRS ROAD, BASHEERBAGH, HYDERABAD, 500029 Shri P.V.S Lakshmi Prasad 040-23231676 040- 232300 68, 232318 47 lakshmiprasad@uiic.co.in 12 RO-JAIPUR TONK ROAD, JAIPUR, 302015 Shri R.S. Singhal 0141-2743153 0141- 274351 1 rssinghal@uiic.co.in 13 RO-KOCHI HOSPITAL ROAD, ERNAKULAM, ERNAKULAM, 682011 Shri V Sajan 0484-2355146 0484- 236745 0 vsajan@uiic.co.in 14 RO- KOLKATA 38 B, JAWAHARLAL NEHRU ROAD, CHOWRINGHEE, KOLKATA, 700071 Shri S M Chura 033-22881803 033- 288730 6 smchura@uiic.co.in 15 RO- LUCKNOW 1, KAPOORTHALA BAGH, ALIGANJ, LUCKNOW, 226020 Shri R.K Agarwal 0522- 2321963,2329301 0522- 233231 8 rkagarwal@uiic.co.in 16 RO- LUDHIANA, 136, FEROZE GANDHI MARKET, LUDHIANA, 141001 Shri M.K Gupta 0161- 2774219,5030700 0161- 277308 4 mahendergupta@uiic.co.i n 17 RO-MADURAI 7 A, WEST VELI STREET, MADURAI, MADURAI, 625001 Shri Raghunathan V 0452-2340683 0452- 234171 7 vraghunathan@uiic.co.in 18 RO-MUMBAI I VEER NARIMAN ROAD, CHURCHGATE, MUMBAI, 400020 Shri A N Rajmane 02-2282 0684 ,2282 1572 022- 2282 0469 anrajmane@uiic.co.in 19 RO-MUMBAI II SIR V.T.MARG, NEW MARINE LINES, CHURCHGATE, 400020 Shri V K Ramchander 022 -22694423 022- 226245 46 vkramchander@uiic.co.in 20 RO-NAGPUR 19, DHARAMPETH EXTENSION, SHANKAR NAGAR SQUARE, NAGPUR, 440010 Shri G Yesudas 0712-2248325 0712- 224878 1 gyesudasu@uiic.co.in 21 RO-NEW DELHI I 18, BARAKHAMBA ROAD, CANNOUGHT PLACE, NEW Smt. Neel Garg 011-23310446 011- 233164 71 neelgarg@uiic.co.in .N o Regional Office Address Regional Chief Landline No Fax Email Id DELHI, 110001 22 RO-RAIPUR RO RAIPUR, KRISHNA COMPLEX, JAIL ROAD ,KUTCHERY CHOWK, RAIPUR, CHATTISGARH - 492001 Shri Pradip Sarkar 08730038858
pradipsarkar@uiic.co.in 23 RO-NEW DELHI II RO-2 NEW DELHI, SCOPE MINAR, CORE-I, DISTRICT CENTRE, LAXMI NAGAR, NEW DELHI - 110092 SHRI RAM NIVAS 011-22047035 011- 220490 13 ramniwas@uiic.co.in 24 RO-PATNA 3RD FLOOR, R- BLOCK, BIR CHAND PATEL MARG, PATNA, 800001 Shri Ajai Kumar 0612-2224806 0612- 250673 4 ajaikumar@uiic.co.in 25 RO-PUNE LBS MARG, NAVI PETH, PUNE, 411030 Shri K K Panda 020-20250980 020- 243369 29 kkpanda@uiic.co.in 26 RO- VADODARA 5th Floor, SAYAJIGUNJ, VADODARA, 390005 Shri Ravi Rai 0265-2361022 0265- 236203 9 ravirai@uiic.co.in 27 RO-VIZAG 30-15-153, DABAGARDENS, MAIN ROAD, VISAKHAPATNA M, 530020 Shri D.Dhanvantha ri 0891-2525349 0891- 255298 8 ddhanvantri@uiic.co.in 28 LCB-DELHI D-24 AND E-25,23 , KASTURBA GANDHI MARG, NEW DELHI, 110001 Shri Vijay Sharma 9818863455,0989972 0652 NA vijaysharma@uiic.co.in 29 LCB-MUMBAI 77, VEER NARIMAN ROAD, CHURCH GATE, MUMBAI, 400020 Shri B.Satapathy 022-22822555 022- 228205 21 basudevsatpathy@uiic.co .in 30 LCB- CHENNAI 98/A, DR.RADHAKRISH NAN SALAI, MYLAPORE, CHENNAI, 600004 Shri S.P.Nathan 044- 28478514,28478640, 28478641 044- 284786 42 sponnambalanathan@uii c.co.in 31 LCB- KOLKATA 38 B, JAWAHARLAL NEHRU ROAD, KOLKATA, 700071 Shri Asim Kumar Mukherjee 033-22268272/8442, 65228267 033- 228840 78 akmukherjee@uiic.co.in 32 LCB- HYDERABAD 1-7-241/10, SAROJINI DEVI Shri A.R.K Reddy NA NA aramakrishnareddy@uiic. co.in .N o Regional Office Address Regional Chief Landline No Fax Email Id ROAD, SECUNDERABAD , 500003 33 LCB-PUNE OLD PUNE- BOMBAY HIGHWAY, WAKDEWADI, SHIVAJINAGAR, 411005 Dr.P.M.Kulkar ni 020-25541277 020- 255412 00 pmkulkarni@uiic.co.in 34 LCB- AHMEDABAD UNITED INDIA BHAVAN, ASHRAM ROAD, INCOME TAX CIRCLE, AHEMDABAD, 380014 Shri Rajeev Kumar Saxena 079-27540076 079- 275435 81 rksaxena@uiic.co.in 35 LCB- BANGALORE NARASIMHARAJ A SQUARE, BANGALORE, 560002 Shri K.A.Krishna 080- 22114161 080- 222166 25 kakrishna@uiic.co.in
What is Unisurge? November, 2007 marked a significant in the history of United India. Our top leadership came together in Hyderabad to frame the vision of our company and determine the path that we should take in shaping our future. We resolve to transform our to be able to take the challenge posed by competition head on, and continue to be a leading player in general insurance industry Since then, our company has embarked upon an ambitious enterprise-level transformation project,UNISURGE Download Unisurge News Letters What are the initiatives under Unisurge? Six themes Initiatives Market - Corporate LCB: Provide differentiated service and organisational focus to large corporate & goverment accounts, with focused development effort in the West. Six themes Initiatives Market - Individual UMEX Motor Dealer Officer: Capture greater share of motor through OEM/dealer
Health: Improve performance of health portfolio through hospital relationships;Improve TPA in the medium term.Also review product portfolio.
UMEX Bancassurance: Drive higher premiums in Bancassurance channel through active management, leverage channel to target rural/microfinance. Process and IT Service Hubs: Improve speed and efficiency of underwriting and claims processes through consolidation
TPA Claim Hubs: Improve speed and effectiveness of investment process. Investments Drive higher returns by improving effectiveness of investment process. HR and PMS Enhance organizational accountability and strength HR structure. Create incentive system and link to rigorous performance management system.
Awards and recognitions[edit] United India wins The Skoch Financial Inclusion Award 2013 for M-Power project in the ICT based innovation category. M-Power is a premium payment service running through mobile. United India gets Skoch award 2010: United India Insurance Company has won the award for successful implementation of the financial inclusion initiatives. The company has implemented the Rashtriya Swasthya Bima Yojana in Kerala. Skoch awards, distributed by Skoch Consultancy Services, are meant to honour extraordinary achievements in governance, capacity building, empowerment, inclusive growth, citizen services delivery, technology, academics and change management. [4]
United India Insurance Company has been selected as one among the top three General Insurance companies in Asia by Asia Insurance Review at the 14th Asia Insurance Industry Awards held in Bali, Indonesia. United India Insurance Co. Ltd. has been awarded the Best Non-Life Insurance Company by NDTV Profit-Business Leadership Awards 2010. 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 ITprojects in the year 2007. The details of the same are published in the June 2007 issue of the PCQuest magazine. MPLSVPN 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.
Products[edit] Personal policies[edit] Householder Personal accident Mediclaim Unimedicare Bhavishya arogya Commercial policies[edit] Fire insurance Marine insurance Motor insurance Industrial insurance Liability insurance
Profit and performance[edit] The United India Insurance reported over 50% jump in its profit after tax at Rs 341.07 crore for the first 6 months of the financial year 2011-12. The Chennai-based insurer had reported a Rs 218 crore profit during the same period last year. Declaring the half-yearly results, United India Insurance Chairman and Managing Director G Srinivasan told reporters the company's growth has exceeded that of the industry. He said, "We grew by 27 per cent over the industry's growth of 23 per cent ... our market share also increased". [2]
During the half-year period ended September 30, 2011, the company collected a total premium of Rs 4,033 crore, up by 27 per cent from Rs 3,178 crore in the year-ago period. [3] "We have set a target premium of Rs 8,000 crore this year," he said. On plans for the year 2011-12, he said the company would focus on retail, micro-small and medium enterprises and rural insurance segments. "We will focus on agency channel and bancassurance. Agency channel contributed 40 per cent and bancassurance 7 per cent (in the first half of the year). We expect it to increase in the years to come," he said. Replying to a question, he said the company would bid for the Tamil Nadu government's health insurance scheme. The investment income of the company for the first-half of the year stood at over Rs 803 crore as of September 30, 2011. A steep reduction in management expenses (to 25% from 37%) claims outgo and an increase in premium income across segments has enabled the company to post 57 percent growth in net profit for the first half of the current fiscal. United India earned Rs.803 crore from its investments during the first six months of the 2011-12. The market value of the company's investments at the end of second quarter stood at Rs.15,803 crore