United India Insurance Company Limited is a leader in the business of General Insurance in India. It came into being on 18 February 1938. However, the General Insurance business was nationalized in the country in 1972, the United India Insurance was then merged with 12 Indian Insurance Companies, 4 Cooperative Insurance Societies, Indian operations of 5 Foreign Insurers, and the General Insurance operations of southern region of Life Insurance Corporation of India. The company has progressed tremendously since nationalization and today stands as one of the most trustworthy name in the Insurance sector.
Branches and Business
The United India Insurance Company Limited is one of the biggest companies in India with more than 20000 offices of the company spread in the length and breath of India. The company today, claims to cover more than 1 Crore policy holders under its insurance policies. With an efficient workforce of over 21000, the company claims apart from all the major cities of the country also claims its presence in more than 200 tier II and III towns and villages through their innovative Micro Offices. However, the headquarters the company is situated in Chennai, India.
The business of the United India is very widespread. The company claims to provide insurance cover to varied products right from insurance to bullock carts to satellites. The net income of the company was estimated to be Rs. 520 Crore in the year 2006. Apart from catering big brands like ONGC, GMR, Mumbai International Airport Ltd and Tirumala-Tirupati Devasthanam, United India has also been the pioneer of insurance in rural India. The Tsumani Jan Bima Yojana which covered more than 4.59 lakhs of families in the 4 Tsunami affected states of India gained a lot of appreciation throughout the country. United India Insurance has also been awarded with 'iAAA' rating by Investment Information and Credit Rating Agency consecutively for three years for its strong fundamental policies and financial strength.
Products and Services
24, Whites Road
Chennai - 600014
Tamil Nadu, India