united india insurance company limited

UNITED INDIA INSURANCE COMPANY LIMITED



United India Insurance Company Limited [UIIC] is one of the Four Public Sector Insurance Companies,, with its corporate office at Chennai. As at 2000, UI spans the country with a network of a Head Office, 24 Regional Offices,1 Regional Cell, 352 Divisional Offices and 742 Branch Offices and Manpower strength of 21,116.

The workforce includes, trained, and technically qualified risk managers and engineering professionals with experience. Besides its acknowledged standing in the areas of industrial and personal insurances, UI has pioneered many innovative rural insurance covers.

The company employs a large technical force, including more than a hundred qualified engineers, who have received training in specialized fields such as Risk Management. A sizeable number of these engineers have been trained abroad by Insurers and reinsures in the United Kingdom and Europe and are fully conversant with international insurance practices.

The Company has a Capital and Fund base of Rs 2094.76 Crores as at 31st March 2000.


FINANCIAL PROFILE (IN CRORES-RS.) & KEY RATIO'S

PARTICULARS 1999-00 1998-99 1997-98
Gross Direct Premium Income 2348.57 2221.28 1930.64
NET PREMIUM INCOME 1753.00 1615.60 1402.73
NET CLAIMS PAYABLE 1528.91 1262.67 1154.33
UNDERWRITING PROFIT / LOSS -276.63

-128.00
-172.33
GROSS INVESTMENT INCOME 439.55 416.01 364.69
NET PROFIT 121.59 192.10 148.52
NET INCURRED CLAIMS RATIO (IN %) 87.21% 78.20% 82.30%
Ratio of Expenses of Management and Commission to Net Premium 24.54% 23.36% 24.91%
Ratio of Total Assets to Total Liabilities 127.57% 127.88% 125.91%

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GE POWER CONTROLS INDIA PVT.LTD.
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INNOVATIVE MARINE FOODS LTD
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CORPORATION BANK
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PHARM PRODUCTS PVT LTD
2009

P R CEMENTS LTD
2012

CENTRAL BANK OF INDIA
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STATE INDUSTRIES CORPN OF TAMIL NADU LTD.
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AGRO TECH FOODS LIMITED
E-38085

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