United India Insurance

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United India Insurance Company

United India Insurance Company is one of the renowoned insurers of India. It was established on 18th February in 1938. There are around 22 insurance establishments merged to form United India Insurance. After the nationalization, the company registered a rapid growth. 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 - Products & Services

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 Car Insurance Plans

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.

  1. Motor coverage and liability only policies

  2. Motor vehicle which includes private cars Motorised Two wheelers and Commercial vehicles excluding vehicles running on rails.

  3. (Own Damage - OD) of Package Policy

  4. Loss or damage to accessories by burglary/house breaking/theft

  5. (Liability) of Package Policy

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.

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 Online

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.

Family Medicare

The policy covers all the members of the family under a single Sum Insured. Sum Insured ranges between Rs.1 lac to Rs.10 lacs in multiples of Rs.50,000/- upto Rs.5 lac and from Rs.5 lac to Rs.10 lacs in multiples of Rs.1 lac.

United India Insurance Plans

Key Features

  1. It covers all members under a single Sum Insured.

  2. Family comprising of self, spouse and Dependent children can be covered.

  3. The age of the proposer shall be between 18 and 80 years.

  4. Hospitalisation expenses

  5. Pre-hospitalisation expenses incurred upto 30 days prior to date of admission and Post-hospitalisation expenses incurred upto 60 days from the date of discharge.

  6. Certain specified Day Care procedures which require less than 24 hours hospitalization.

Family Medicare 2014

Along with the basic family medicare benefits this comes out with several additional benefits.Sum Insured ranges between Rs.2lacs to Rs.10 lacs in multiples of Rs.50,000/- upto Rs.5 lac and from Rs.5 lac to Rs.10 lacs in multiples of Rs.1 lac.

Key Features

  1. The age of the proposer shall be between 18 and 80 years.

  2. Family comprising of self, spouse and Dependent children can be covered.

  3. Hospitalisation expenses

  4. Pre-hospitalisation expenses incurred upto 30 days prior to date of admission and Post-hospitalisation expenses incurred upto 60 days from the date of discharge subject to a maximum limit of 10% of the Sum Insured.

  5. Treatment taken in a Government Hospital or in any Institute recognized by the Government and/or accredited by Quality Council of India/National Accreditation Board on Health.

Gold

The entry age for this policy is between the age of 36 years and 60 years. An insured beyond 60 years will get coverage under Gold policy provided the policies are renewed with us without any break.

Key Features

  1. Children between the age of 3 months and 18 years may be covered provided either or both parents are covered concurrently.

  2. Sum Insured offered by us is between Rs.1 lac to Rs.5 lacs in multiples of Rs.50,000/-.

  3. Certain specified Day Care procedures which require less than 24 hours hospitalization.

  4. Free Look period of 15 days shall be applicable at the inception of the first policy.

  5. Cashless facility in more than 7000 hospitals across Pan India.

Individual Mediclaim

This effective health insurance plans offers the desired coverage agaisnt specific diseases or any bodily injury that takes place because of an accident or unwanted emergency.

Key Features

  1. Hospitalization expenses

  2. Expenses on Hospitalisation for minimum period of 24 hours are admissible

  3. Domiciliary Hospitalisation  benefit

  4. Expenses incurred for pre and post hospital treatment will be liable for coverage

Platinum

It offers coverage against hospitalization expenses against treatment of illness/disease/injury sustained or contracted by the insured during the policy period.The policy also covers certain Day Care procedures.

Key Features

  1. The entry age for this policy is between the age of 18 years and 35 years. An insured  beyond 35 years shall continue to be covered under Platinum policy provided the policies are renewed with us without any break.

  2. Children between the age of 3 months and 18 years may be covered provided either or both parents are covered concurrently.

  3. Sum Insured offered by us is between Rs.1 lac and Rs.10 lacs in multiples of Rs.50,000/-.

  4. Cashless facility in more than 7000 hospitals across Pan India.

  5. Free Look period of 15 days shall be applicable at the inception of the first policy.

Senior citizen

One of the effective health insurance plan by for senior citizen section. It comes out with great benefits and wider coverage.

Key Features

  1. Pre-hospitalisation expenses incurred upto 30 days prior to date of admission and Post-hospitalisation expenses incurred upto 60 days from the date of discharge – actual expenses or 10% of the Sum Insured whichever is less.

  2. Family discount of 5% on the total premium if policy is taken for self and any one or more family members viz. spouse or dependent children

  3. Cashless facility in more than 7000 hospitals across Pan India.

  4. Free Medical check-up once at the end of every three underwriting years provided no claims reported during the block and subject to policy renewed without any break.

Supertop up

The Policy covers hospitalization expenses reasonably and necessarily incurred in India for  treatment of illness/disease/injury sustained or contracted by the insured during the policy period.  The policy also covers certain Day Care procedures.

Key Features

  1. Premium paid for self, spouse, dependent children and dependent parents are exempt from Income Tax under Section 80-D.

  2. Free Medical check-up once at the end of every three underwriting years provided no claims reported during the block and subject to policy renewed without any break.

  3. Family discount of 5% on the total premium

  4. Certain specified Day Care procedures which require less than 24 hours hospitalization.

Top up

The Policy covers hospitalization expenses reasonably and necessarily incurred in India in respect of covered hospitalization during the policy period exceeding the Threshold Level or any amount reimbursed or reimbursable under any Health Insurance Policies/Reimbursement Scheme whichever is higher, upto the Sum Insured stated in the policy.

Key Features

  1. The Policy is available both on Individual and Floater basis.

  2. Individual basis – All family members including the parents can be covered under single policy with difference sum insureds and threshold level.

  3. Group basis – Single Sum Insured/Thereshold level for all family members covered under the policy.  Parents can take a separate policy.

  4. The age of the proposer shall be between 18 and 80 years. Children between the age of 3 months and 18 years are covered provided either or both parents are covered concurrently. Children above 18 years will cease to be covered if they are employed/self-employed or married.

  5. Various Options with different Sum Insureds and Threshold Level are available.

Uni Criticare

The policy has various Sum Insured options of Rs.1 lac, Rs.3 lacs, Rs.5 lacs and Rs.10 lacs. The policy has a waiting period of 90 days from date of inception of policy and a survival period of 30 days from date of diagnosis.

The Policy covers the following critical illnesses

  1. Cancer Of Specified Severity

  2. First Heart Attack- Of Specified Severity

  3. Coronary Artery Surgery (CABG) Open Chest Cabg

  4. Heart Valve Replacement

  5. Coma Of Specified Severity

  6. Kidney Failure

  7. Stroke Resulting In Permanent Symptoms

  8. Major Organ / Bone Marrow Transplant

  9. Multiple Sclerosis

  10. Motor Neurone Disease With Permanent Symptoms

  11. Permanent Paralysis Of Limbs

Workmen Medicare Policy

The policy covers hospitalization expenses incurred on account of Accident to the Workmen during and in the course of the employment.

Key Features

  1. Hospitalisation expenses

  2. The target segment for this policy would be Factory Owners/Contractors/Other Commercial Establishment looking for limited Medical cover for Workers/Employees arising out of accidents in the course of employment.

  3. Optional Sum Insured of Rs.50,000/-, Rs.1 lac & Rs.1.5 lacs.

Accident and hospitalization policies

Policy covers expenses incurred towards medical treatment for accident / disease sustained during overseas trips and loss of passport also covered under this policy.

Features

  1. Coverage against Medical expenses and repatriation

  2. Coverage against In-flight personal accident benefit

  3. Coverage against Loss of passport

Travel Policy

Our Baggage Insurance Policy covers all accompanied baggage during a journey like suitcases trunks etc. containing the baggage and additions during the journey.

The policy pays for the contents of the baggage damaged/lost due to any of the perils stated above on a strict basis of indemnity.

United India Car Insurance Plans

Liability policy

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.

Package policy

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.

United India Insurance - FAQ's

1. What would happen in the case of renewal after one year?

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.

2. How many times can I file a claim?

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.

3. What if I cancel the policy?

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.

4. Does any health policy cover the treatment for existing disease also?

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.

5. Is a medical checkup necessary before buying a Health policy?

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

6. Can I avail this policy if I am not an Indian National but living in India?

Yes, you can easily get a health insurance plan in India. However, the coverage would be restricted to India.

United India Insurance Company(UIIC) News

Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA

Monday November 13, 2017

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.

Merger of 4 General Insurance Companies For Rapid Growth

Wednesday May 17, 2017

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).

CCEA nod to list 5 general insurance companies in stock market

Wednesday January 18, 2017

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.

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