United India Insurance Company Limited (UIIC) is a premier public sector general insurance company in India, wholly owned by the Government of India. Headquartered in Chennai, the company was incorporated on 18th February 1938, and was nationalized in 1972. It has since grown into one of the most respected names in the Indian insurance industry, known for its service excellence, financial prudence, and extensive reach across the country.
Corporate Overview
Operating under the regulatory governance of the Insurance Regulatory and Development Authority of India (IRDAI), UIIC has established itself as a trusted and robust general insurer. The company serves a wide customer base through its comprehensive network of 1,300+ offices and a workforce of over 12,000 employees. In addition to urban markets, UIIC has a strong presence in semi-urban and rural geographies, playing a vital role in advancing insurance penetration and financial inclusion across India.
Product Portfolio
United India Insurance offers a diverse suite of general insurance solutions, covering motor, health, property, liability, travel, marine, and personal accident insurance. Its health insurance vertical is a key focus area, delivering a range of individual and group health policies tailored to meet the diverse needs of Indian consumers. Key offerings include:
Individual Health Insurance Policy: Provides coverage for hospitalization, pre- and post-hospitalization expenses, and various daycare procedures.
Family Medicare Policy: A family floater plan offering protection to all family members under a single sum insured, with flexibility and affordable premiums.
Top-Up Medicare Policy: Designed to supplement existing health insurance, this plan provides high coverage at a lower cost beyond a defined threshold.
UNI Criticare: Offers a lump-sum payment upon diagnosis of critical illnesses such as cancer, stroke, or organ failure, helping mitigate the financial impact of serious health conditions.
Group Health Insurance: Tailored to meet the needs of corporates, SMEs, and institutions, offering customizable features to support employee wellness programs.
Key Features and Differentiators
Government Ownership: UIIC’s public sector status ensures credibility, stability, and policyholder confidence, especially among rural and underserved populations.
Pan-India Presence: Its vast network ensures availability of insurance services even in remote regions, making it a leading contributor to the government's inclusive insurance agenda.
Cashless Network: Access to a network of over 7,000 hospitals nationwide for hassle-free cashless treatment.
Digital Infrastructure: Offers a user-friendly online platform and mobile applications for policy purchase, renewal, claim intimation, and service support.
Customer-Centric Operations: Dedicated customer service and grievance redressal systems to ensure efficient post-sale support and claims handling.
Participation in Government Schemes: Active involvement in schemes like Ayushman Bharat, PMFBY, and Rashtriya Swasthya Bima Yojana (RSBY) positions UIIC as a key player in public welfare and social security.
Financial Strength & Market Position
UIIC maintains a strong financial foundation, demonstrated by its solid Gross Written Premium (GWP) and adherence to solvency norms prescribed by IRDAI. It is consistently ranked among the top general insurers in India, supported by disciplined underwriting, experienced management, and strategic operational initiatives.
Strategic Direction
UIIC is focused on digital transformation, enhancing customer experience, and expanding its product portfolio to cater to emerging risks and new-age consumers. By integrating technology with traditional service strengths, UIIC aims to maintain its leadership in retail and government-backed insurance programs, while driving sustained growth and financial inclusion across India.
