United India Insurance Company(UIIC) was established on 18th February in 1938. Around 22 insurance establishments merged to form United India Insurance. The company registered a rapid growth after nationalization. It has around 18300 employees who are spread across 1340 offices all over India. The company is one of the oldest and trustworthy insurance companies in India. The company caters into almost every section of the general insurance industry.
It has its headquarters in Chennai. It offers a wide range of products and that too at an affordable price. On an average, the company provides insurance policies to around 1 crore users. The company caters into Health insurance, travel insurance, motor insurance, and business insurance so you have multiple options to choose from. The company carries the experience of almost two decades in the same. It believes in complete customer satisfaction and thus tries to help them in every possible manner.
United India Insurance has the capacity to meet the needs of the consumer easily, whether it is for individual or for bigger groups. All plans are designed in a way that can go well with the requirements of consumers and can offer wider coverage. In terms of claim settlement, the company carries a good reputation. The company has successfully provided insurance services to well-known and big organizations like ONGC Ltd, Mumbai International Airport Ltd among others.
The United India Insurance Company(UIIC) is the first insurer to offer valuable coverage to the rural people. United India Insurance runs effective and big scale campaigns of Universal Health Insurance Programme of Government of India & Vijaya Raji Janani Kalyan Yojana that covers 45 lakhs women in Madhya Pradesh. It further added more effective insurance policy called Tsunami Jan Bima Yojana that encompasses 4 states consisting of around 4.59 lakhs families. United India Insurance has also come out with several helpful schemes for National Livestock Insurance. It is one of the front-runners among all general insurance companies.
United India Insurance caters into every aspect of general insurance segment. It delivers helpful policies related to health insurance, vehicle insurance, travel insurance, rural insurance and business insurance among others. The company is into the same business from many years and has divided all products into different sections. The company is offering a wide range of effective and helpful products which will go well with different types of requirements.
With the help of qualified and experienced team members, the company has been delivering an effective and wide range of products. The company believes in complete customer satisfaction hence it tries to offer effective products that can easily meet the needs of consumers. Here is the list of all the products that united India insurance offers to you. You must go through them and choose the best one which can easily go well with your needs.United India Heath Insurance:
United India insurance is a well-known company in the general insurance industry. It carries a good market reputation and has maintained the same for over a long period of time. The company offers effective healthcare products. It has a wide range of product so that you can easily choose the best one as per your needs. With many options it is easier for you to get the best suited one. The helpful products offered by this company will allow you to deal with any unwanted medical emergency.United India Motor Insurance:
The Company also caters into the motor insurance category. It is offering an effective and wide range of the same. Under the same you will get comprehensive policy and liability plan for both four-wheeler and two-wheelers. All products are available at an affordable price. The company is offering several attractive bonuses under the same as well.United India Motor Insurance:
The Company also caters into the motor insurance category. It is offering an effective and wide range of the same. Under the same you will get comprehensive policy and liability plan for both four-wheeler and two-wheelers. All products are available at an affordable price. The company is offering several attractive bonuses under the same as well.Travel Insurance:
Like other categories, the company is offering wide range of travel insurance products. You can buy it for single trip or multiple trips. There are special plans for students who stay abroad for studies. All plans come with attractive and effective features.Personal Accident policy:
It is basically a different form of insurance. Under the same there are several features that will attract you towards it. The helpful cover along with the timely financial assistance will help you in living your life peacefully.Home Insurance:
Home is the most valued thing in a person’s life and securing the same is also essential. Thus, with the understanding of the same concept, United India Insurance is offering a wide range of home insurance products that would easily go well with your needs.Business Insurance:
An effective product for all types of business owners. Securing the business has always been a smart choice as that protects you and your business from unwanted situations or losses. You must consider buying one for your business if not already bought. Apart from the above, most popular plans, the company is dealing with several other products as well, such as shopkeeper’s policy, marine insurance, liability insurance and much more. It is advisable for all consumers to first understand their need of having an insurance policy and then go for it. With it you will be able to save a lot of money and time as well.
The United India Insurance Company(UIIC) has a long history as it is in the business from the past many years. People have faith in the com and have chosen its products over a long period of time. The company has registered a fabulous growth in the last few years, which has attracted more and more customers towards it.
United India Insurance Company(UIIC) is allows its users to buy effective policies online. It is easy getting the right insurance plan online as a person can easily compare the features, inclusions, exclusions of the policy. From there they can get a clear idea about the desired policy. Purchasing online is the preferred choice of many as it helps a lot in saving time and money.
Through the online portal, a person can also renew its existing insurance policy easily without putting much effort into it. With this facility, you don’t have to wait in the long queues at offline offices to buy the desired policy or renewing the existing one.
As discussed above the company is offering a wide range of products. Here is the list of the most common products and plans that people look for. We have divided all products into sections so that finding the best one would be easier for consumers.
It is basically a comprehensive health insurance plan that covers the entire family under a single insurance family. As compared to an individual plan, this plan is really affordable and within the reach of common man.
An advanced version of the basic family medical plan. This plan was introduced in 2014 and since then it’s offering wide coverage to its customers and their families as well. Apart from your family, you can also insure your in-laws under this policy.
This effective insurance policy offers coverage against hospitalization expenses that take place because of any illness/disease/injury sustained or contracted by the insured during the policy period. You will get the benefit of day care procedure coverage under the same.
It is basically an effective health insurance plan which offers complete protection to you at an affordable price. Platinum: The plan covers hospitalization expenses incurred in India for the treatment of illness/disease/injury sustained or contracted by the insured during the policy period. The scheme also covers certain day care procedures.
Specially designed for senior citizens, this plan is a must have a thing for them Super top-up: A form of top up insurance plan that offers extra cover to your existing insurance plan, thus you can easily take expensive treatment in case of needs.
It is a health cover which can be utilized when the existing health insurance limits are worn out.
It is a form of critical insurance policy that has a waiting period of 90 days from the date of inception of the policy and a survival period of 30 days from the date of diagnosis.
In addition to all basic health insurance plans, you can also take advantage of top-up policies. With it, you can easily enhance the basic health cover. This plan is highly useful for those who have inadequate basic health insurance plan.
This effective policy provides coverage on hospitalization expenses that take place in India because of any treatment related to any form of disease or injury during the insurance period. You will also get day care coverage under the same.
It offers complete coverage to women.
Popularly known as third party liability. It is a mandatory plan that every vehicle owner should have while driving. Under the same, you will get wider coverage that can easily go well with your needs.
It is an effective, comprehensive motor insurance plan that offers wide coverage to your vehicle and protects the same from unwanted situations. It also secures you. Under the same you will get several discount and bonuses also.
Usually the company sends the renewal notice/reminder prior to the expiration date so that you can easily renew your policy on time. Rest, you can consult the company for the same procedure
Basically, there is no restriction related to the claim. You can file a claim anytime you want. The company will be there to help you in every possible manner.
Once you cancel the policy, then the product will not exist for you. The process of refund varies from person to person and plan to plan.
Normally a company would not entertain the coverage of existing diseases and you won't be able to get the financial assistance for the same. Still, there are several plans in the market that would offer special coverage for the same.
Yes, it is necessary to have a medical checkup when you are thinking of a health plan. It is more important for the people of age 50 years or more. Rest it varies from plan to plan
Yes, you can easily get a health insurance plan in India. However, the coverage would be restricted to India.
On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.
“The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017,” the IRDA said.
In the last June, the government of India had informed about the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN/Form 60 compulsory for getting financial services that include insurance also and asked policyholders and companies for linking the existing policies with the same.
In a discussion with all life and general insurance companies, IRDA said the rules have “statutory force” and they have to implement the rule without waiting for the further instructions.
Right now, there are 24 life insurers and 33 general insurance companies operating in the country.
Although, there are no deadlines that have been given by IRDA for the completion of the process, as per the circular, it has to be done as soon as possible. Some insurance companies also said that this can also result in the delay of payout in a few cases. Aadhaar is now also compulsory for financial transactions of Rs 50,000 and above. Likewise, one has to link one’s Aadhaar number with the mobile number latest by February 6, 2018.
The All India Insurance Employees Association (AIIEA) which refers to be the major union in the public sector general insurance companies is now asking for a merger of four companies for the rapid growth.
Sanjay Jha, Secretary Standing committee (General Insurance, AIIEA), said, “The central government is planning to merge three non-life insurance companies — United India Insurance, Oriental Insurance and National Insurance — barring New India Assurance.
Mr. Jha further added that the union is happy with the concept of the merger but the New India Assurance company should also be added in the same.“The merger of all the four companies would prevent unhealthy competition amongst them, reduce marketing expenses. That apart, the risk retention capacity will increase for the merged entity thereby saving foreign exchange in terms of reinsurance premium outgo,”
As per the business figures that are released by the insurance regulatory authority, all these four public sector general insurance companies had earned around Rs 59,357.92 crore of premium in the last fiscal.
On asking about the post-merger and its effects, Mr. Jha said that the number of branches may go down and the staff may be deployed. But it is for a short time only, after the merger, the business will grow and will be able to open new branches and adding staff members every year just like LIC (Life Corporation Of India).
Today, India’s cabinet approved a policy to publicly list government general insurance companies. The same has been reported by news agency NewsRise, citing an unnamed government official. The companies are well-known government sector entities namely New India Assurance, United India Insurance, Oriental Insurance and National Insurance & General Insurance. Shareholding of these Cos to be divested from 100 % to 75 %. The same had also been announced by FM Jaitley in last year’s budget for the sake of improving transparency and accountability in public sector companies.