A Popular Insurance Company of India - United India Insurance Company Ltd
United India Insurance Company has been emerged as a major insurer amongst Indians. This is the second largest public sector insurance company of India. The company covers range of insurances starting from bullock carts to huge machinery and from movable to unmovable properties. Work ethics of employees and hard earned credibility of the company has been reflected in its growths over the years.
About United India Insurance Company Limited
United India Insurance Company Limited is a Public sector Insurance Company in India (Established 1938). It was nationalized in 1972 by the merger of 22 companies. It includes 12 Indian Insurance companies, 4 Cooperative Insurance Societies and Indian operations of 5 Foreign Insurers, General Insurance operation of Southern region of Life Insurance Corporation of India. Headquarter of United India Insurance is at Chennai. The company has a broader perspective in terms of its growth and it has well trained personnel who are trained in its Nalanda School of excellence, Chennai. The company has maintained as the second largest public sector insurer in India. It has 1340 offices with about 18300 workers all over the India. Offices spread over 200 towns and hundreds of villages. The company offers insurance converges from bullock carts to satellites. Its Insurance policies covers more than 1 crore policy holders. The company has prompt online complaint and grievance redressal systems for general publics (consumers).
Category of Policy
The united India insurance company covers insurances in the following categories-
7. Micro insurance
8. Credit insurance
9. Marine Insurance
Overviews of Policies of Each Category of Insurance
There are two types of Fire policies
a) Standard Fire and Special Peril Policy- this covers building, machinery, stock and furniture.
b) Fire Loss of Profit Policy – it covers business loss due to stoppage of business in the event of an insured peril and additional expenditure incurred by the insured during the affected period of business.
There are six different policies in this category. These are family medicare, Gold, Platinum, Senior citizen, Super Topup and Topup.
The policy in this category is called Motor Package & Liability Policy – it covers all types of vehicles excluding vehicles running on rails.
Different types of Industrial Policies are the following
i) Boiler and Pressure Plant policy
ii) Contractors Plant and Machinery policy
iii) Deterioration of Stock policy
iv) Electronic Equipment policy
v) Machinery Breakdown policy
vi) Industrial All risk policy
This category of Insurance covers the following policies
i) Workman Compensation policy
ii) Products Liabilities policy
iii) Public Liability policy
iv) Progressional Indemnity policy
v) Motor Liability policy
This category of Insurances covers Accidents and Hospitalization, Social policies, Rural policies, Package policies, Travel policies, Business policies and other policies
i) Animal Driven Cart Insurance
ii) Agricultural Pumpset Insurance
iii) Cattle and Livestock Insurance
iv) Gramin Accident policy
v) Tribal/ Rural Accident Package policy
vi) Janatha Personal Accident policy
vii) Sericulture Insurance
viii) Farmers Package policy
ix) Honey bee Insurance
x)Biogas Plant Insurance
xi) Dairy Package policy
xii) Bhagyashree Child Welfare Scheme
xiii) Mother Teresa Woman and Children policy
xiv) Rural Accident policy
xv) Rural Women's Package policy
xvi) Universal Health Insurance Scheme
xvii) Raja Rajeshwari Mahila Kalyan Yojana
xviii) Swathya Bima policy
xix) Kissan Credit Card
xx) Jan Arogya Bima policy
xxi) Hut Insurance
This is for the interest of the employer in the money and property lost due to the infidelity of the named employee.
i) Marine Cargo policy-it is for any loss or damage to goods in transit
ii) Marine Hull- it covers any loss or damage to any marine transport body
To know more log on to United India Insurance Company Limited