Particulars Of Organisation Functions And Duties

The Company was set up on 18.02.1938 as United India Fire and General Insurance Company Limited. The name was changed as United India Insurance Company Limited effective from 30.12.1978. The Company is wholly owned by Government of India and functions under the control of Ministry of Finance Government of India. It transacts General Insurance business. The company carries out its functions and duties in accordance with the objectives defined in its Memorandum & Articles of Association and the guidelines laid down in Insurance act 1938 General Insurance Business (Nationalization) Act 1972(since amended in 2002) and IRDA Act 1999.