About United India Insurance Company
16
About United India Insurance 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. 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.
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Transcript of About United India Insurance Company
About United India Insurance 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. 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 MissionIntroducing 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 PositionDetail
s
1Shri Milind A Kharat
Chairman cum Managing Director
2 Smt Asha Nair Director & General Manager
3Shri M V V Chalam
General Manager
S.No
Name Designation PositionDetail
s
4 Shri A. Hoda General Manager
5Shri V. Easwara Kaimal
General Manager
6 Smt T.L. Alamelu General Manager
7Smt Ramma Bhasin
General Manager
8Shri Kunnel Prem
Chief Vigilance Officer
9 Shri Ish Kumar General Manager
10 Shri M. Elango Deputy General Manager
11Shri R. Shivakumar
Deputy General Manager
12Smt P. Hemamalini
Deputy General Manager
13Shri A. Balasubramanian
Deputy General Manager
14 Smt M. Sashikala Deputy General Manager
S.No
Name Designation PositionDetail
s
15Shri P. K. Mahapatra
Deputy General Manager
16Shri K. Govindarajan
Deputy General Manager
17Shri 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
21Smt Usha Ramaswamy
Deputy General Manager
22Shri Narasimha Rao CH
Deputy General Manager
Shri Milind A Kharat
Chairman cum Managing Director
Smt Priya KumarDirector
Department of Financial services Govt of India
Shri T M BhasinChairman cum Managing Director
Indian Bank
Shri A Thrivikraman ThampiDirector
Smt Asha NairDirector & General Manager
Shri M V V ChalamGeneral Manager
Shri A. HodaGeneral Manager
Shri V. Easwara KaimalGeneral Manager
Smt T.L. AlameluGeneral Manager
Smt Ramma BhasinGeneral Manager
Shri Ish KumarGeneral 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
.No
Regional Office
AddressRegional
ChiefLandline No Fax Email Id
1RO-AHMEDABAD
ASHRAM ROAD, NR INCOMETAX CIRCLE, AHMEDABAD, 380014
Shri A.N.Rai 079-27544703 NA [email protected]
2RO-BANGALORE
18, NRUPTUNGA ROAD, HUDSON CIRCLE, BANGALORE, 560001
Shri Mohd. Zafir Alam
080-22534040080-22534041
3 RO-BHOPAL
SECOND BLOCK, JAIL ROAD, ARERA HILLS, BHOPAL, 462011
Shri B B Dash 0755- 42847720755-2553775
4RO-BHUBANESWAR
BLOCK.NO.1, NEAR RAM MANDIR, UNIT III KHARVELA NAGAR (BESIDES RAM MANDIR), BHUBANESWAR, 751001
Shri Sanjeev Kumar
0674-23918370674-2391739
5RO-CHANDIGARH
SCO 123-124, SECTOR 17-B, CHANDIGARH, 160017
Shri S.P Agarwal
0172-2712631,2711502
0172 -2711485
6 RO-CHENNAI
134, GREAMS ROAD, THOUSAND LIGHTS, CHENNAI, 600006
Shri K.B.Vijay Srinivas
044-28291965 ,28294992
044-28294191
7RO-COIMBATORE
178, DR. NANJAPPA ROAD, OPP.CHIDAMBARAM PARK, COIMBATORE, 641018
Dr.M.Abdul Azeez.
0422 - 22397010422 - 2231892
8RO-DEHRADUN
899/1, KAULAGARH ROAD, DEHRADUN, 248001
Shri S. N. Saxena
0135-27531540135-2753157
9RO-GUWAHATI
G.S.ROAD, NEAR DISPUR POST OFFICE, GUWAHATI, 781005
Shri M. N. Sonowal
0361-23442150361-2340606
10 RO-HUBLINO.2, KESHWAPUR, HUBLI, 580023
Mr.T.K.Haridasan
0836-2264460 NA [email protected]
.No
Regional Office
AddressRegional
ChiefLandline No Fax Email Id
11RO-HYDERABAD
3-5-817 & 818, OLD MLA QRTRS ROAD, BASHEERBAGH, HYDERABAD, 500029
Shri P.V.S Lakshmi Prasad
040-23231676
040- 23230068, 23231847
12 RO-JAIPURTONK ROAD, JAIPUR, 302015
Shri R.S. Singhal
0141-27431530141-2743511
13 RO-KOCHI
HOSPITAL ROAD, ERNAKULAM, ERNAKULAM, 682011
Shri V Sajan 0484-23551460484-2367450
14RO-KOLKATA
38 B, JAWAHARLAL NEHRU ROAD, CHOWRINGHEE, KOLKATA, 700071
Shri S M Chura
033-22881803033-2887306
15RO-LUCKNOW
1, KAPOORTHALA BAGH, ALIGANJ, LUCKNOW, 226020
Shri R.K Agarwal
0522-2321963,2329301
0522-2332318
16RO-LUDHIANA,
136, FEROZE GANDHI MARKET, LUDHIANA, 141001
Shri M.K Gupta
0161-2774219,5030700
0161-2773084
17 RO-MADURAI
7 A, WEST VELI STREET, MADURAI, MADURAI, 625001
Shri Raghunathan V
0452-23406830452-2341717
18 RO-MUMBAI I
VEER NARIMAN ROAD, CHURCHGATE, MUMBAI, 400020
Shri A N Rajmane
02-2282 0684 ,2282 1572
022-2282 0469
19RO-MUMBAI II
SIR V.T.MARG, NEW MARINE LINES, CHURCHGATE, 400020
Shri V K Ramchander
022 -22694423022- 22624546
20 RO-NAGPUR
19, DHARAMPETH EXTENSION, SHANKAR NAGAR SQUARE, NAGPUR, 440010
Shri G Yesudas
0712-22483250712-2248781
21 RO-NEW DELHI I
18, BARAKHAMBA ROAD, CANNOUGHT
Smt. Neel Garg
011-23310446 011-23316471
.No
Regional Office
AddressRegional
ChiefLandline No Fax Email Id
PLACE, NEW DELHI, 110001
22 RO-RAIPUR
RO RAIPUR, KRISHNA COMPLEX, JAIL ROAD ,KUTCHERY CHOWK, RAIPUR, CHATTISGARH - 492001
Shri Pradip Sarkar
08730038858 [email protected]
23RO-NEW DELHI II
RO-2 NEW DELHI, SCOPE MINAR, CORE-I, DISTRICT CENTRE, LAXMI NAGAR, NEW DELHI - 110092
SHRI RAM NIVAS
011-22047035011-22049013
24 RO-PATNA
3RD FLOOR, R-BLOCK, BIR CHAND PATEL MARG, PATNA, 800001
Shri Ajai Kumar
0612-22248060612-2506734
25 RO-PUNELBS MARG, NAVI PETH, PUNE, 411030
Shri K K Panda
020-20250980020-24336929
26RO-VADODARA
5th Floor, SAYAJIGUNJ, VADODARA, 390005
Shri Ravi Rai 0265-23610220265-2362039
27 RO-VIZAG
30-15-153, DABAGARDENS, MAIN ROAD, VISAKHAPATNAM, 530020
Shri D.Dhanvanthari
0891-25253490891-2552988
28 LCB-DELHI
D-24 AND E-25,23 , KASTURBA GANDHI MARG, NEW DELHI, 110001
Shri Vijay Sharma
9818863455,09899720652
29 LCB-MUMBAI
77, VEER NARIMAN ROAD, CHURCH GATE, MUMBAI, 400020
Shri B.Satapathy
022-22822555022-22820521
30LCB-CHENNAI
98/A, DR.RADHAKRISHNAN SALAI, MYLAPORE, CHENNAI, 600004
Shri S.P.Nathan
044-28478514,28478640, 28478641
044-28478642
31 LCB-KOLKATA
38 B, JAWAHARLAL NEHRU ROAD, KOLKATA,
Shri Asim Kumar Mukherjee
033-22268272/8442, 65228267
033-22884078
.No
Regional Office
AddressRegional
ChiefLandline No Fax Email Id
700071
32LCB-HYDERABAD
1-7-241/10, SAROJINI DEVI ROAD, SECUNDERABAD, 500003
Shri A.R.K Reddy
33 LCB-PUNE
OLD PUNE-BOMBAY HIGHWAY, WAKDEWADI, SHIVAJINAGAR, 411005
Dr.P.M.Kulkarni
020-25541277020-25541200
34LCB-AHMEDABAD
UNITED INDIA BHAVAN, ASHRAM ROAD, INCOME TAX CIRCLE, AHEMDABAD, 380014
Shri Rajeev Kumar Saxena
079-27540076079-27543581
35LCB-BANGALORE
NARASIMHARAJA SQUARE, BANGALORE, 560002
Shri K.A.Krishna
080- 22114161080-22216625
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 LettersWhat 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.
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.
Motor: Develop competitive products and offer additional value-added services toincrease market share.
Channel
UMEX Agency: Re-energise agent channel through better development,supportand aligned incentives
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 PMSEnhance 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. 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.
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
