It happened in 1978. Interviews to the post of Development Officer (DO) in United India Insurance Company (UIIC) were being held and the interview panel made up of top officials from the four public sector General insurance companies and General Insurance Corporation of India (GIC) and headed by an Assistant General Manager.
One young man in Calcutta was asked a simple question: You want to join as a DO, what do you ultimately want to become? ‘Chairman’, came the answer.
There were no more questions. After a long pin-drop silence, the candidate was asked to leave the room.

Life insurance and General insurance are two very different businesses. Yet, the two are tied together

permanently in the minds of the customer! For this very reason insurance agents should sell both Life

and General insurance, says K Nitya Kalyani. Even for sound business reasons, they should pay equal

attention to both as a matter of Business Strategy, in order to grow their agency practice, in order to

widen their client base and retain their clients and in order to serve the clients needs better.

The transformation of the insurance industry from a Government monopoly to private
owned is evident to the man on the street due to the high visibility of the Government and private insurance companies. Our cover story reflects the aspirations of the companies seeking quality growth in the future.

Mr Ashok Goenka, former Chairman of General Insurance Corporation of India, was conferred the Lifetime Achievement Award in Singapore on November 9, 2009. Mr Goenka is the winner of this year’s Lifetime Achievement Award jointly presented by Asia Insurance Review (Singapore) and The Review (London). Mr Goenka received the award from Mr Tadashi Baba, MD, [...]

United India Insurance Company (UIIC) has distributed a kit for its agents consisting of an Agent’s Companion, a Business Book for noting details, a writing pad and flip card of product brochures among things under a marketing excellence programme.

The State-owned United India Insurance Company (UIIC) and the Tuticorin-based Tamilnad Mercantile Bank (TMB) with 215 computerised and networked branches have entered into an agreement to sell the latter’s insurance policies, according to media reports. UIIC has a countrywide network of 1,400 branches and 17,000 employees. The State-owned United India Insurance Company (UIIC) and the [...]

This year results will show that no company has made profits, not even
after investment. Detariffing, the economic slowdown, terrorist events and
Satyam have all taken their toll, says Mr Gaurav Garg, Managing Director and CEO of Tata AIG General Insurance Company.

United India Insurance Company and MyTVS have signed an agreement to offer value added service to car insurance customers, according to media reports. Mr G Srinivasan, Chairman and Managing Director, United India Insurance Company, was quoted saying that the two companies had launched United India Assist, a 24 x 7 emergency assistance with a host [...]

‘Courtsy car’ with Motor insurance Mr G Srinivasan, Chairman cum Managing Director, United India Insurance Company, recently said that his company had got approval from Insurance Regulatory and Development Authority (IRDA) to launch an insurance policy called ‘Courtsy Car,’ which is expected to make life easy for car owners when they need trouble shooting or [...]

EMI cover in motor policy! Motor insurance policies are being designed to give attractive add on benefits. This follows the freedom given by Insurance Regulatory and Development Authority (IRDA) to companies to fashion different types of covers from January 1, 2009 when the second phase of detariffing started. One of the new benefits being offered [...]