Verified employee & interview reviews

United India Insurance Reviews

Chennai, Tamil Nadu

—/ 5

0 reviews

United India Insurance Company Limited (UIICL) is a leading Indian public sector general insurance company, entirely owned by the Government of India and administered under the Ministry of Finance. Headquartered in Chennai, Tamil Nadu, the company stands as one of the oldest, most reliable, and largest non-life insurers in the country, maintaining a massive operational footprint across urban, semi-urban, and rural areas. The company was originally incorporated as a private entity on February 18, 1938, in Chennai. Following the enactment of the General Insurance Business (Nationalisation) Act in 1972, the general insurance sector in India underwent an extensive transformation. As part of this nationalization process, United India Insurance was formed by merging 22 different entities, which included 12 Indian insurance companies, 4 cooperative insurance societies, and the Indian operations of 5 foreign insurers, alongside the southern regional general insurance operations of the Life Insurance Corporation of India (LIC). This consolidation positioned UIICL as a robust, full-service insurer. Initially operating as a subsidiary of the General Insurance Corporation of India (GIC), the company became an independent central public sector undertaking directly under the central government following regulatory amendments in 2003. Operationally, United India Insurance boasts an extensive nationwide network designed to ensure deep market penetration and easy accessibility. The organization serves over 1.74 crore policyholders and manages a diverse framework consisting of 30 regional offices and more than 1,400 operating offices across the country, including 366 divisional offices, 558 branch offices, and 511 micro offices tailored for tier-II, tier-III, and rural locations. This vast infrastructure is backed by a workforce of over 9,300 employees and an expansive agency vertical containing tens of thousands of individual agents and hundreds of tied-up brokers. Financially, the company recorded a gross direct premium income of INR 17,644 crore for the 2022-23 fiscal year. United India Insurance offers a comprehensive portfolio of insurance solutions tailored for individuals, small and medium enterprises (SMEs), and large corporate entities. Its products span health insurance (such as the UNI Medicare and Senior Citizen policies), motor insurance, marine insurance, property insurance, fire insurance, and liability covers, protecting everything from bullock carts to satellites. It has been a pioneer in designing complex covers for major customers like ONGC and international airports, while simultaneously driving social security schemes like the Pradhan Mantri Fasal Bima Yojana. Backed by a high health claim settlement ratio of 97.25% and a network of over 5,600 hospitals and 3,100 garages, the company continues to play a vital role in India's financial ecosystem under the current leadership of Chairman and Managing Director Bhupesh Sushil Rahul.