United India Insurance

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United India Insurance Company Profile:

Since its inception on 18th February 1938, United India Insurance Company Limited has been offering a wide array of insurance products to cater to the insurance needs of different segments of society. After the nationalisation of the general insurance business in India, 12 Indian insurance companies, 4 cooperative insurance societies and Indian operations of 5 foreign insurance companies, besides General Insurance operations of the Southern region of LIC were merged with United India Insurance Company. Post nationalisation, United India has recorded a massive growth both in terms of revenue and expansion. Currently, it has more than 18,300 employees, spread across 1340 offices, providing insurance products to more than 1 Crore policy holders. It is the only company which has infused so much diversification in its product portfolio. At present, it is offering a variety of insurance products to cover products from biogas, floriculture to satellites.

United India has been at the forefront in formulating comprehensive covers for large clients like ONGC Ltd., GMR-Hyderabad International Airport Ltd., Mumbai International Airport Ltd., etc. The company has also played an imperative role in popularising insurance in rural areas. It has played a significant role in taking insurance to rural masses with the implementation of Universal Health Insurance Programme of Indian Government and Vijaya Raji Janani Kalyan Yojana, Tsunami Jan Bima Yojana, National Livestock Insurance and many such schemes.

United India Insurance - Statistics:

  • United India Insurance Co Ltd has over 1 Crore policy holders.
  • United India Assurance has provided insurance policies to around 45 Lakh females in Madhya Pradesh via Vijaya Raji Janani Kalyan Yojana - government aided insurance plan.
  • United India Insurance Company Limited has 1340 offices across the country with man force of around 18300 employees.
  • The General Insurance provider has insured 4.59 Lakh families in 4 states under Tsunami Jan Bima Yojana.
  • United India Insurance Company Limited has made a remarkable presence in over 200 tier II and tier III villages and towns via their pioneering Micro Offices.

United India Insurance - Awards and Recognition:

  • United Insurance has been awarded the SKOCH Award for the ICT based modernisation for M-Power
  • United India Assurance was honoured by the ‘Contract for Pensioners’ in the state of Tamil Nadu.

United India Insurance Company Product Portfolio:

United India Insurance Health Plans:

United India Insurance Company plans guarantee peace of mind for the insured/family against financial perils and inadequacies due to sudden ill health and hospitalisation. They have a plethora of health insurance plans that cater to individual, family and senior citizens.

Critical Factors of United India Health Insurance Plans:

  • Co-payment
  • Room rent
  • Lifetime renewability
  • Pre-existing ailments covered

United India Insurance Company - Health Insurance Highlights:

Characteristics

Specifications

Incurred Claim Ratio

107.06 per cent

No. of Policies Issued

1160432

No. of Grievances Solved

99.65 per cent

Network Hospitals

Over 7000

Renewability

Lifelong

Pre-existing Ailments Waiting Period

4 years

 

Health Insurance Policy - Family Medicare:

Family Medicare policy covers all the members of the family under a single sum insured. Family to be covered can comprise of the insured, spouse and dependent children. The age of the proposer should be between 18 and 80 years.

Health Insurance Policy - Family Medicare 2014:

The policy covers all the members of the family under a single sum insured. For the purpose of coverage, the family comprises of the insured, spouse and dependent children.

Health Insurance Policy-Gold:

The sum insured under the Gold policy is between Rs. 1 Lakh and Rs. 5 Lakh in multiples of Rs. 50000. The policy covers hospitalisation expenses incurred in India for treatment of illness, disease, and injury sustained or contracted by the insured during the policy period. It also covers certain day care procedures.

Individual Mediclaim Plan:

The plan covers the insured against any disease contracted or injuries or illnesses suffered during the policy period that requires hospitalisation or medical/surgical treatment. United India Insurance pays through the TPA to the hospital/nursing home or the insured person, the number of such expenses not exceeding the sum insured in aggregate in any one period of insurance.

Health Insurance Policy-Platinum:

The sum insured is between Rs. 1 Lakh and Rs. 10 Lakh in multiples of Rs. 50000. The platinum policy covers hospitalisation expenses incurred in India for treatment of illness, disease, or injury sustained or contracted by during the policy period. It also covers certain day care procedures.

Senior Citizen Health Insurance Policy:

This plan is specially designed for citizens between the ages of 61 years and 80 years. An insured beyond 80 years will continue to be covered under the Senior Citizens policy provided the policy has been renewed without any break. The sum insured is between Rs. 1 Lakh and Rs. 3 Lakh in multiples of Rs. 50000.

Super Topup Medicare Policy:

The policy is available both on individual and floater basis. Various options with different sum insured and threshold levels are available.

Top Up Medicare Policy:

The policy covers hospitalisation expenses incurred in India in respect of any covered hospitalisation during the policy period and which exceeds the threshold level or any amount reimbursed or reimbursable under any health insurance policy/reimbursement scheme, whichever is higher, up to the sum insured stated in the policy. The policy is available on both individual and floater basis.

UNI Criticare Health Plan:

The policy has various sum insured options - Rs. 1/3/5/10 Lakh. It has a waiting period of 90 days from the date of inception of policy and a survival period of 30 days from the date of diagnosis.

Workmen Medicare Policy:

The policy covers hospitalisation expenses incurred on account of an accident to the workmen, during and in the course of employment.

United India Health Insurance Claim:

United Insurance Health Plans have two types of claim process namely, for the cashless facility and for reimbursement claims.

For Cashless Facility:

Cashless facility is made available only for the policies that are serviced by a third-party administrator.

In case of planned hospitalisation, the third-party administrator needs to be notified in advance with all the details of the address and name of the hospital/nursing home. In the event of emergency hospitalisation, notify the third-party right away on the admission of the insured.

On the admission, the insured has to send a pre-authorisation request to avail cashless facility to the third-party administrator by the nursing home/hospital - duly attested by the hospital authorities and the policyholder giving the details of illness, admission, estimated expenses and proposed line of medical procedure.

On the discharge from the nursing home/hospital, the insured must pay the difference amount barred under the plan or limited by the Sum Assured.

The insured can claim pre-hospitalisation and post-hospitalisation expenses after the treatment. Original copies of all the documents are to be submitted within 7 days to the third-party administrator after the post-hospitalisation treatment is completed.

Reimbursement Claims:

The insured must notify the TPA or the office of the United India Insurance about the hospitalisation right away, and in 24 hours of the hospitalisation in the event of emergency hospitalisation.

Before the insured leaves the hospital, a copy of investigation, discharge summary, and other necessary documents must be acquired from the hospital authorities. The insured has to submit the original copies of the documents to the TPA or the branch of the provider in 7 days from the discharge date.

Documents include the summary of discharge of the hospital, claim form issued by the insurance provider, certificates and prescription by the doctor, investigation reports, laboratory bills, final hospital bill, bills of pharmacy, and other related documents.

The insured has to claim pre-hospitalisation and post hospitalisation expenses after the treatment. The policyholder must submit the original copies of all the documents in 7 days after the post-hospitalisation treatment is completed.

United India Insurance Motor Insurance Plans:

Car insurance plans from United India Insurance Company offer good benefits to the buyer. The insured must compare plans from various companies before making a final choice. Save money and get the best deal!

Main benefits of United India Motor Insurance:

  • Accidental Cover and Customer Support
  • Cashless Claims Network
  • Discounts

Additional Covers for United India Motor Insurance:

  • Depreciation Cover - 100 per cent cover for repayment
  • This policy offers Third-party Property Damage cover up to Rs. 7.5 Lakh
  • United India Car Insurance offers personal accident cover for the owner of the vehicle for a certain Sum Assured.

United India Assurance - Motor Insurance Highlights:

Characteristics

Specifications

Incurred Claim Ratio*

89.77 per cent

Third Party Cover

Up to 7.5 Lakh

Net Earned Premium*

5106.8

*For the year 2016-17

United India Private Car Insurance:

The comprehensive policy protects against loss to the car from damages, provides personal accident cover to the owner-driver and to the occupants, and insures against any third party liability. The package policy also protects against man-made and natural events.

Two-Wheeler Package Policy:

Two-wheeler package policy by the United India Insurance Company is a comprehensive policy that covers third-party liability, damage to the vehicle and also provides personal accident cover. The insured is indemnified against loss or damage to the vehicle insured. The policy covers motorcycles, scooters, autocycles or any other motorised two-wheeled vehicles detailed under the policy.

Private Car Package Policy: The comprehensive policy protects against loss to the car from damages, provides personal accident cover to the owner-driver and to the occupants, and insures against any third party liability. The package policy also protects against man-made and natural events.

United India Motor Insurance Claim:

The policyholder must get hold of the United India Insurance office, which issued the policy, right away. In case an accident occurs anywhere other than the town/city where the policy issuing branch is located, get in contact with the nearest United India Insurance office so that they can arrange a survey.  

You can refer the official website of United Insurance for the list of offices with their addresses across India with their phone number. In the event of major mishaps including riot or fire losses, keep your car at the spot of the accident until the team of surveyors comes to the place of mishap and carries out an investigation. Moreover, you must lodge an FIR.

Once the formalities are completed, you may tow or move your car to any of the authorised workshop or garage of your choice and acquire estimate from them. Submit the same together with the duly filled claim form. After all the repairs are performed for partial loss claims, you’ll have to present the cash memo for labour and spare parts and get reimbursement of the claim is allowed.

United India Insurance Travel Insurance Plans:

United India Insurance Company Policies are providing the policyholder with travel insurance on your holidays, business trips or visits to friends & family abroad.

OMP for Business and Holiday:

The policy covers expenses incurred towards medical treatment for accident/disease sustained during overseas trips on business and holiday. It also includes loss of important papers such as the passport.

OMP Employment and Studies:

The policy covers expenses incurred towards medical treatment for accident sustained or diseases incurred during overseas trips for employment or higher studies. The insured age bracket is between 5 and 60 years.

OMP for Corporate Frequent Traveller:

The policy covers expenses incurred towards medical treatment for accident/disease sustained during overseas trips by corporate frequent travellers.

Baggage Policy:

The Baggage Insurance Policy covers all accompanied baggage like suitcases, trunks, etc. during a journey. The policy provides a cover against loss or damage to accompanied personal baggage due to fire, riot, strike, terrorist activity, theft or accidents during the course of a journey. It also covers any stoppages en route anywhere in India.

Suhana Safar Policy:

The policy covers the risk of personal accident and loss of baggage of the insured, spouse and dependent children covered. The loss must occur during the period of outstation travel within India from the declared place of departure and includes places of sojourn.

Marga Bandhu Policy:

This policy covers groups of individuals on a study tour, educational trip or pilgrimage. Educational institutions, tour operators, travel agents, clubs, associations, etc. who arrange tours, picnics, yatras, etc. can avail this cover for persons going on the tour.

United India Insurance House Insurance Policies:

House insurance plans cover loss to the structure and/or belongings inside the house

House Holder Policy:

The policy covers loss or damage to the building and its contents including jewellery, baggage and valuables, domestic appliances like TV, VCR, Audio Systems, PCs, etc. They also cover an accidental injury that results in disability or death and liabilities to third parties.

United India Insurance Personal Accident Plans:

Accidents can happen to anyone at any time. In a matter of seconds, it may take away your hard earned money because aftermaths of accidents can be adverse. In such a situation, don’t stretch your savings and get your life back on the track with personal accident policy. This type of policy offers vast coverage to protect families from financial instability.

Personal Accident Policy:

The policy covers physical loss to an individual due to an accidental injury including fatal injuries. Any individual or group of individuals, through employer association or institution, and aged between 5 and 70 years can be insured under the policy.

Mediclaim Policy:

Expenses incurred by the insured for hospitalisation for illness/diseases or injury sustained are covered. Domiciliary hospitalisation benefit is also payable under the policy.

Road Safety Package Policy:

The policy insures against unforeseen events that result in partial or total dismemberment or, even, death. Dismemberment under the plan includes total loss of two limbs or two eyes, total loss of one limb and one eye, total loss of one limb or one eye, besides any other permanent total and partial disablement that was the direct result of an accident during the policy period.

Unimedicare Policy:

The policy covers reimbursement of hospitalisation expenses because of illness/disease or injury sustained. The insurance scheme also provides for a family discount in premium, cumulative bonus and cost of health check-up.

United India Insurance Business Plans:

  • Shop Keepers Policy
  • Burglary Policy
  • Jewellers Block Policy
  • Money In Transit Policy
  • Compact Policy
  • Dukan Mithra Policy

United India Insurance Liability Insurance Plans:

  • Motor Liability Policy
  • Product Liability Policy
  • Professional Indemnity Policy
  • Public Liability Policy
  • Workmen Compensation Insurance

United India Insurance Micro Insurance Plans

  • Animal Driven Cart Insurance Scheme
  • Bio-Gas Plant Insurance
  • Dairy Package Policy
  • Farmers Package Policy
  • Floriculture Insurance
  • Honey Bee Insurance
  • Hut Insurance
  • Kissan Credit Card
  • Raja Rajeshwari Mahila Kalyan Yojana
  • Rural Accident Policy

United India Insurance Rural Plans:

  • Cattle and Livestock Policy
  • Agricultural Pumpset Policy
  • Poultry Insurance Policy
  • Gramin Accident Policy
  • Plantation Insurance
  • Animal Driver Cart/Tonga Policy

United India Insurance Social Policies:

  • Janatha Personal Accident Policy
  • Bhagyashree Policy
  • Raja Rajeshwari Policy
  • Mother Teresa Women & Children Policy
  • Jan Arogya Bima Policy

United India Insurance Fire Insurance Plans:

  • Fire Loss of Profit Policy
  • Standard Fire and Special Perils Policy

United India Insurance Marine Insurance Plans:

  • Marine Hull
  • Marine Cargo

United India Insurance Industrial Insurance Plans:

  • Boiler and Pressure Plant Policy
  • Contractors Plant and Machinery Policy
  • Deterioration of Stock
  • Electronic Equipment Policy
  • Industrial All Risk Policy
  • Machinery Breakdown Policy

United India Insurance Credit Insurance Plans:

United India Insurance Other Policies:

  • All Risk Policy
  • Bankers Indemnity Policy
  • Compact Policy
  • Directors or Officers Policy
  • Fidelity Guarantee Policy
  • Film Production Policy
  • Gun Insurance Policy
  • Lift Insurance Policy
  • Money Insurance Policy
  • Plate Glass Insurance Policy
  • Shop Keepers Policy
  • Students Safety Insurance Policy
  • TV Insurance Policy
  • Uni Study Care Insurance Policy

It is advisable to compare all United India Insurance Company General insurance plans with plans from other general insurance companies in India to choose the best insurance plan that suits you the most.

United India Insurance - Premium Payment Process:

Premium payment procedure of United India Insurance Company involves two modes namely, online and offline. You can make payment of your premiums for United India Assurance plans online or offline depending on your convenience.

Offline Premium Payment Process of United India Assurance:

United Insurance offers offline payment facility for individuals who are not tech-savvy. However, you can make use of the following methods to pay premiums offline:

  • Cheque/cash collection centre
  • Company branch
  • Drop boxes
  • Payment collection centre
  • Insurance agents or brokers who represent United India Insurance.

Online Premium Payment Process of United India Assurance:

United Insurance Company offers online payment service for its customers who are tech-savvy. The online payment facility is the most convenient and quick means allowing the customers to make payment of their premiums with just a few clicks. All you need to do is pay by accessing the official website of the United India Insurance Company.

You will have to choose the desired policy from different insurance product options. For instance, in the event of travel insurance premium payment, the insured have to click on the travel insurance category and hit the ‘make payment’ button, and enter the required information namely, the policy number in the space provided. In order to make an online payment, the insured can make use of the credit card, debit card or internet banking. Therefore, following just a few steps, the insured can pay the premiums via official website easily and quickly.

United India Insurance Renewal:

United Insurance renewal can be done online. Below is the online renewal process:

United India Insurance Online Renewal:

United India Insurance Policy Renewal can be done only from 30 days before the date of expiration of the insurance policy.

You must renew your insurance policy before it expires. United Insurance Company offers quick and easy renewal process to its policyholders via online renewal procedure. You just have to log on to the official website of the Company and choose to renew now option. Thereafter, you must follow the link redirecting to secure payment process. In case of online payment, you can make use of your credit card, debit card or internet banking.

Renewal of insurance policies offered by other insurance providers with the United India Insurance:

There are several general insurance providers in the insurance market. Nevertheless, there are various reasons, which make United Insurance win their game over the other insurance providers. Here’s the rundown to those reasons:

United India Assurance provides various insurance covers like householders insurance, shop keeper’s insurance, which are rarely provided by other insurance providers like TATA AIG General Insurance Company and New India Assurance Company.

United India Insurance also offers credit insurance policies, which make them off the beaten path from other general insurance providers in the market.

United India Insurance Company Distribution Network:

United India Insurance Company has grown tremendously and currently has a workforce of 18,300 employees and operates across the country through 1340 offices. It is supported by more than 1 Crore policyholders and has products that provide insurance coverage to small farmers and individuals as well as to large corporations such as the ONGC Ltd., GMR- Hyderabad International Airport Ltd. and Mumbai International Airport Ltd.


United India Insurance - FAQs:

Q1. What sorts of plans are available online with the United India Assurance?

Ans. Health, motor (including a private car and two-wheeler insurance), overseas mediclaim, personal accident, shopkeeper insurance, Pravasi Bharatiya Bima Yojana, and householder insurance are the insurance schemes that are offered online by United Insurance Company.

Q2. Why buy United India Health Insurance Plan?

Ans. A health insurance policy has become one of the crucial requirements in everyone’s financial portfolio. Surging medical expenses are one of the reasons people consider buying a health insurance policy. You must buy United Health Insurance Plans for the following reasons:

  • A diversified range of health insurance products
  • The mediclaim policy by United Insurance offers a comprehensive coverage against any illnesses, injuries and diseases suffered during the term of the policy.

Q3. What would happen if the policy is renewed after a year?

Ans. Usually, the insurance provider sends the renewal reminder/notice prior to the date of expiry in order that you can renew your insurance policy on time.

Q4. How many times can a claim be filed?

Ans. Generally, there is no constraint related to claims. A claim can be filed anytime. The insurance provider will be available to aid you in every possible way.

Q5. What if the policy is cancelled?

Ans. Once the cancellation of the policy is done, then the insurance product doesn’t exist for you. The refund process varies from policy to policy and individual to individual.

Q6. Does any health insurance plan cover the existing ailments treatment?

Ans. Usually, an insurance provider would not offer cover for existing ailments and you will not be able to avail financial assistance for these diseases. Still, there are various plans offering special coverage for such cases.

Q7. Is it necessary to undergo check-up before buying United India Health Insurance Policy?

Ans. Yes, it is mandatory to undergo a medical check-up before buying a health insurance plan by United Insurance. It is more vital for the people who are 50 years and above. This varies from plan to plan.

Q8. Can this policy be availed by an individual who’s not a citizen of India but living in India?

Ans. Yes, this policy can be availed in India. Nevertheless, the coverage is restricted to India.


United India Insurance Company - Latest News

S Gopakumar is the new General Manager and Director of United India Insurance

Public sector general insurance company United India Insurance has announced S Gopakumar’s appointment as its General Manager and Director with immediate effect.

Prior to this, Gopakumar served GIC Housing Finance Ltd as the Chief Executive Officer and Managing Director.

He began his career with the public sector insurance company – National Insurance Company. He held different set of responsibilities in his entire experience of more than three decades.

Ariful Hoda appointed as Officiating Chairman-cum-MD by United India Insurance Company

Ariful Hoda has been appointed as Officiating CMD of the United India Insurance and will be reporting in this post from 8th June, 2016. Hoda has been selected to replace Milind Kharat, who recently retired from the post of Chairman-cum-MD of United India Insurance Company on 31st May, 2016.

As disclosed in a company release, Ariful is a graduate in Economics and a reputed member of Insurance Institute of India. He started his profession as DRO or Direct Recruit Officer in the batch of 1980, in the National Insurance Company. He has been employed in a variety of roles in different parts of the country, including the North East India region.

He started working with United India Insurance as a DGM r Deputy General Manager in the month of August in 2008. Till the year 2008 he had served National Insurance Company for complete 30 years and was the promoted to the post of a General Manager by the year 2012. Ariful Hoda is also a member of the council of the Insurance Institute of India. Additionally, he is a Director with the Agricultural Insurance Company Limited in Delhi.

26 Percent Profit Downfall for United India Insurance in 2016

United India Insurance recently reported a 26.3 percent downfall in its net profit in FY’16, which is calculated to be Rs. 221 Crore when compared to the profit earned by the company during the same period last year. Reportedly, the company did not earn much in the premium while has paid out more in its expenses.

The growth rate of the company stood at 14.58 percent, which in the last year was reported to be 10.12 percent, with a growth of Rs. 12, 250 Crore in its gross premium. This could be due to 10.4 percent increase in management expenses to 2,924 Crore.

The general insurance company has been proactively engaged in schemes across the social sector. It has enrolled over 2.28 Crore customers under Pradhan Mantri Suraksha Bima Yojna with about 1,180 Crore claim successfully settled. Over 6 Lakhs pensioners have signed up for pensioner’s health insurance scheme.

United India Insurance to get Listed on Stock Exchange

United India Insurance, one of the leading government-owned insurance providers in India, has been picked as one of the insurance companies to get listed on the stock exchange. This was mentioned by Finance Minister Mr. Arun Jaitley in his Union Budget 2016-2017 speech.

This follows a general trend by the Indian government to increase private-sector participation in the country’s insurance sector. An example of this is the recent move by the government to allow up to 49% foreign partner investment in India’s private sector insurance joint ventures.

United India Insurance is among India’s leading nationalized general insurance providers with products such as Family Medicare, Health Insurance Policy, Senior Citizens Health Insurance Policy as well as a range of travel, car, group and personal accident insurance plans. This government owned insurer boasts 18,300 strong workforce and policyholders that exceed 1 Crore in number.

United India Insurance Company Blacklisted in Kerala

United India Insurance Company, the holding company for United India General Insurance and United India Life Insurance, has been blacklisted in Kerala. The decision was announced by the District Collector-headed District Grievance Redressal Committee in Thiruvananthapuram as United India Insurance was not providing proper service to its clients in the district.

Prior to this decision being taken, the insurance company had repeatedly delayed claims as part of various RSBY/CHIS programs implemented by the Redressal Committee. As per the decision, the district collector, Biju Prabhakar, has commented that he in his capacity has chairman has ordered blacklisting of United India Insurance Company with the backing of other members of the Redressal Committee.

The company would be in the blacklist as long as it continues to deny the claims and does not pay up on the claims ordered by RSBY/CHIS plans ordered by the District Grievance Redressal Committee.

United India Insurance Reviews

TOTAL REVIEWS (6)
Jiten
Port_blair
May 17, 2016

Nice

I found the best travel insurance and i buy it. The united india general insurance provides me the best facilities. The premiums are low and the policy coverage is high. The claiming procedure is easy due to fast service of the executives and staff members. The luggage lost is covered in the policy. Good work, I like it.

Rahul
Jorhat
May 17, 2016

Fantastic plan

I bought united india personal accident insurance plan. The policy coverage is high and the claims are even better. The number of hospitals are huge and the ambulance is also facilitate for free. Good investment for health. The behaviour of the executives and the staff members are really very nice. I like the terms and conditions of the policy.

Rijool
Ooty
May 17, 2016

Perfect Plan

My united india car insurance plan is good. The policy coverage is high and the claims are even better. Tow facility is there which is included in the policy. The number of garage is good so that the recovery is easy for policy holder. Good behaviour of the executives and staff of the company is great. Good investment, I like the policy.

Shivani
Allahabad
April 20, 2016

Preventive Health Care

who plan is cover TB asthama and with out hospitaization discase cover

Rajender
Faridabad
February 17, 2016

health insurance

4 child & 3 adult

Ritika
Raipur
December 20, 2015

Vey good service

I have health insurance with United India Insurance. They have very good service and their premium is also low, I used to pay premium on yearly basis. I have done reimbursement for twice. All the claims were hassle free and less paper work too. I am amazed with their customer support. They told that they will give my claim within 15 days and they fulfilled within the period.