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In the field of general insurance, United India Insurance Company is a bright name. Since its foundation in 1938 it has been serving the nation in the zone of general insurance. With its experience in the non-life insurance sector for more than three decades, United India Insurance Company has now become pretty much a renowned name. As an affirmative consequence of the nationalization of the General Insurance Companies of India, 22 companies merged with each other and formed that United India Insurance Company on 18th February in 1938. The Head Quarter of UIIC is at Chennai. It is wholly owned by Government of India.
After being nationalized United India Insurance Company or UIIC has grown abruptly and transformed itself into India’s one of the most prestigious names in the General Insurance business. UIIC has 18300 capable workers in different section of general insurance, spread across 1340 offices providing trusted insurance cover to more than 1 Core policy holders.
As a General Insurance Company, UIIC has a wide range of insurance products to support their customers in their various needs. They have both Personal Insurance and Commercial Insurance. And that is why their customer list is so vivid and interesting. They have some prestigious names of India in their client list like, ONGC Ltd, GMR- Hyderabad International Airport Ltd, Mumbai International Airport Ltd, Tirumala-Tirupati Devasthanam etc. On the other hand United India Insurance Company has perfect insurance covers for the people of rural India like. ‘Vijaya Raji Janani Kalyan Yojana’ or Universal Health Insurance Program of Government of India, National Livestock Insurance etc schemes which are really helpful to the common man of India. Hence with their vast array of insurance products, UIIC touches almost every section of Indian population.
In 2010, UIIC has won the ‘Skoch Award’ for successful implementation of the financial inclusion initiatives. This award is distributed by Skoch Consultancy Services, for the extraordinary achievements in governance, capacity building, empowerment, inclusive growth, citizen services delivery, technology, academics and change management. UIIC won the award for some definite, positive attitude towards the modern financial up-gradation of India. Asia Insurance Review selected UIIC as one of the top three General Insurance companies in Asia at the 14th Asia Insurance Industry Awards held in Bali, Indonesia.
Since its birth, UIIC is trying to augment the financial stature of India and with dedication and honesty they trudged most of their paths of their journey with ease.