United India Insurance Company (UIIC) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in Chennai, Tamil Nadu, the company has 30 regional offices and more than 1,400 operating offices nationwide, including 511 micro offices, as of 31 March 2023.[3] It also had underwriting operations in Hong Kong that ceased effective 1 April 2002, following which the New India Assurance Company Limited, Hong Kong, has taken over the run-off portfolio. This foreign operation had three outstanding claims as of 31 March 2023.[4] The company was incorporated on 18 February 1938[5] and nationalized in 1972. The Company recorded a gross direct premium income of ₹17,644 in the financial year 2022-23, registering a growth of 12.23% over the previous year.[6]
It has a network of 6 Large Corporate Business Cells (LCBs), 366 Divisional Offices, 558 Branch Offices and 511 Micro Offices, besides its Head Office in Chennai and 30 Regional Offices in the country, as of 31 March 2023,[3] and 10,356 employees on its payroll.[2] The company's Agency Vertical has a strength of 88,657 individual agents that produced a gross premium income of ₹7,419 Crores contributing to the extent of 41.74% of the company's overall gross premium. Almost half the individual agents have access to the company's portal facility for online transactions that touched a record high premium of ₹2,660 Crores. 533 Brokers tied up with the Company in 2022-23, sourcing a premium of ₹3,885 Crores. The company has also tied up with automobile manufacturers, including Maruti, Volkswagen, Tata, Mahindra,
Hero and Daimler, enabling it to procure a ₹539 Crores business in 2022-23. The business sourced through LCBs in Mumbai, Chennai, Delhi, Bangalore, Hyderabad and Kolkata amounted to ₹1,261 Crores. The company tied up with 54 Corporate Agents as of 31 March 2023, contributing a premium income of ₹423 Crores. Of these, 40 were Banks and Non-Banking Financial Companies. The 511 Micro Offices of the company spread across the country have contributed to a total gross premium of close to ₹875 Crores.[7]
^ abc"Annual Report 2022-23: Summary of Financial Statements" (PDF). uiic.co.in/. United India Insurance Company Limited. 12 September 2023. p. 281. Archived from the original (PDF) on 7 February 2024. Retrieved 7 February 2024.
^ ab"Annual Report 2022-23: Breakup of Number of Employees" (PDF). uiic.co.in/. United India Insurance Company Limited. 12 September 2023. p. 41. Archived from the original (PDF) on 7 February 2024. Retrieved 7 February 2024.
^ ab"Annual Report 2022-23: Organisational Network" (PDF). uiic.co.in/. United India Insurance Company Limited. 12 September 2023. p. 41. Archived from the original (PDF) on 7 February 2024. Retrieved 7 February 2024.
^"Annual Report 2022-23: Foreign Operations" (PDF). uiic.co.in/. United India Insurance Company Limited. 12 September 2023. p. 59. Archived from the original (PDF) on 7 February 2024. Retrieved 7 February 2024.
^"UNITED INDIA INSURANCE COMPANY LIMITED". economictimes.indiatimes.com/. The Economic Times. 6 February 2024. Retrieved 7 February 2024. United India Insurance Company Limited is a Union Govt company, incorporated on 17 Feb, 1938.
^"Annual Report 2022-23: Financial Performance" (PDF). uiic.co.in/. United India Insurance Company Limited. 12 September 2023. p. 27. Archived from the original (PDF) on 7 February 2024. Retrieved 7 February 2024.
^"Annual Report 2022-23: Business Review and Summary of Operations" (PDF). uiic.co.in/. United India Insurance Company Limited. 12 September 2023. pp. 29–33. Archived from the original (PDF) on 7 February 2024. Retrieved 7 February 2024.
and 28 Related for: United India Insurance Company information
Following is the list of insurancecompanies in India which have been approved by the Insurance Regulatory and Development Authority of India (IRDAI) which is...
National InsuranceCompany Limited (NICL) is an Indian public sector insurancecompany owned by the Government of India and administered by the Ministry...
General InsuranceCompany Limited, Bombay and National InsuranceCompany Limited, Calcutta (New India Assurance Co. Ltd., UnitedIndiaInsurance Co. Ltd...
Life Insurance Corporation of India (LIC) is an Indian public multinational public sector life insurancecompany headquartered in Mumbai. It is India's largest...
Agriculture InsuranceCompany of India Limited (AIC) is an Indian public sector undertaking headquartered in New Delhi. It is a government-owned agricultural...
primary insurance subsidiaries New India Assurance, UnitedIndiaInsurance, Oriental Insurance and National Insurance became autonomous. The company's achievements...
the Insurance sector was reopened to the private sector. But, now there are 23 private life insurancecompanies in India. By 2020 Indian Insurance is a...
Future Generali IndiaInsurance (FGII) Company Limited is a private general insurancecompany in India. The company is a joint venture between the Future...
The Oriental InsuranceCompany Ltd. (OICL) is an Indian public sector insurancecompany owned by the Government of India and administered by the Ministry...
Health Insurance) merged with the company after the receipt of final approval from the Insurance Regulatory and Development Authority of India (IRDAI)...
SBI Life InsuranceCompany Limited is an Indian life insurancecompany which was started as a joint venture between State Bank of India (SBI) and French...
PNB MetLife IndiaInsuranceCompany Limited (PNB MetLife) established in 2001 is one of the leading life insurancecompanies in India. PNB MetLife shareholders...
ICICI Prudential Life InsuranceCompany Limited is an Indian life insurancecompany in India. Established as a joint venture between ICICI Bank Limited...
Future Generali India Life InsuranceCompany Limited (FGILI) is an Indian publicly held life insurancecompany headquartered in Mumbai, India. It is a joint...
co-promoter of the company. Care Health Insurance is headquartered in Gurgaon, Haryana, and operates out of 158 offices across India with 8500+ employees...
The New India Assurance Company, The Oriental Insurance Corporation and UnitedIndiaInsuranceCompany. The first branch was inaugurated on 2 April 1994...
the country. The company's motto is 'T3' – 'Trust, Transparency and Technology'. Chola MS was named the best insurancecompany in India for "In time Claims...
State Farm Insurance is a group of mutual insurancecompanies throughout the United States with corporate headquarters in Bloomington, Illinois. Founded...
Max Life InsuranceCompany Limited (formerly known as Max New York Life InsuranceCompany Limited) is an Indian life insurancecompany headquartered at...
General InsuranceCompany Limited is a general insurancecompany founded in 2009. It started operations in 2010 and is headquartered in Mumbai, India. The...
Metropolitan Life InsuranceCompany (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities...
Liberty Mutual InsuranceCompany is an American diversified global insurer and the sixth-largest property and casualty insurer in the world. It ranks...
general insurancecompany in India to be licensed in October 2000 by the Insurance Regulatory and Development Authority of India. The company was initially...
This list of oldest companies in India includes brands and companies, excluding associations and educational, governmental, or religious organisations...
of India (85.78%) New India Assurance (85.44%) National InsuranceCompany(100%) The Oriental InsuranceCompany(100%) UnitedIndiaInsuranceCompany(100%)...
Life Insurance Aviva India Aegon Life InsuranceCompany PNB MetLife IndiaInsuranceCompany Bharti AXA Life Insurance Co. Ltd. Birla Sun Life Insurance Co...
Global Information
₹17,644 crore (US$2.2 billion)[1] (2022-23)
₹−2,829 crore (US$−350 million)[1] (2022-23)