United India Insurance Claim: Fill & Download for Free

How does an Insurance Company work?They collect your premiums and invest the premiums into the economy as an Institutional Investor in various schemes, investments, funds etc. The aim is to achieve enough growth to ensure that any claims can be paid out!!!The Crucial Thing for an Insurance Company is - The Investments should be in the right ventures.STAR Insurance was once a good insurance company. They invested in the right funds, right ventures, showed good growth and paid pretty regularly and punctually.However since 2016 - India changed. The Economy has been tanking and the Average Growth has crashed from 9.45% to 7.08%.Meanwhile the Claims have more than tripled due to COVID 19.So you do the maths - Money invested in a Stagnant Dying Economy while Claims tripled due to Covid 19The Result is SHORTAGE OF MONEY TO PAY ALL CLAIMSNot just for Star. For Apollo Munich , ICICI etc all the Insurers are dodging payments. Except for good old Sarkari United India Insurance and National Insurance.The Claims denied have increased hugely. Once upon a time Courts had 20–30 Cases on an Average, now they have 600–800 Cases and most of the cases pertain to Star or Apollo or ICICI and very very very very few pertain to United India or National Insurance.Reasons for Denial always the same:-Pre Existing Illness was there (Even if you had a Cold 20 years ago)Excess ChargingLine of Treatment Dispute etc etc etc etc etcThese days a 3 Lakh Rupee Claim would be lucky to get Rs. 70,000/-So now Narendra MOdi and his Clown car have decided to do the only worthwhile thing - Bring in the ForeignersHoping that Foreign Insurance Companies will invest in Indian Insurance and revive the Sector. It will make it worse because India doesnt have 5% of the Tough Liability Laws and the Tort Laws that US has.So next time - Go for United India Insurance until these Halfwits privatize it. It can raise 10,000 Crore in 10 minutes. Keep Private Insurance for your Cars and Two wheelers.And Dont Blame Star Insurance. Like others - Star is a long term suffering company due to the actions ofA Group of Heroes who have Damaged the Country 10 times more than 70 Years of the Worst Congress Leaders and have made Chidambaram Look like George C Marshall.

I completed one full year of my job in United India Insurance Company Limited last month. I am posted in a metro city and I would say I am quite satisfied with my job role here.The old ideology of slow promotion is also gone now as you are eligible for promotion every three years under Fast track mode.Coming to my own work experience here, we are one of the country's largest business holding development offices. So the work load is high. However you don't have to sit and work post the work time which is 5:45 pm from Monday to Thursday and 6:00pm on Friday . We all know the advantage of Saturday off which is also one of the major reasons why people are preferring insurance companies over banks to work with.As an officer, you have to deal with underwriting, claims, umex (agent recruitment and business procurement), accounts etc. You will be given any one role to handle.Gross Salary of an officer at United India is approx Rs. 48000. You will get a handsome salary in the beginning itself. Also they give you the option of taking housing on rent for which the limit is around Rs 17000 (only on production of rent receipt)in a metro city. So overall you get good Rs 65000.Other facilities are medical lumpsum benefit, travel allowance, city compensatory allowance , baggage etc,.The work culture is good in my DO. People are helping and manager is quite understandable. It also depends on how you work and handle situations in your professional life. So if you have good terms with everyone in your office, you will really enjoy a great time here.I am currently loving the work I am doing here.

Some landmark judgments by Hon’ble Supreme Court of India relating to Motor Accident Claims & Compensations :-United India Insurance Co. Ltd. v. Patrica Jean Mahajan And Ors. [(2002) 6 SCC 281]United India Insurance Co. Ltd. v. Sunil Kumar & Anr (2013)General Manager, Kerala S.R.T.C v. Susamma Thomas [1994 SCC (2) 176]Rajesh & Ors. v. Rajbir Singh [(2013) 9 SCC 54]Disclaimer : I am neither a Lawyer nor a Law Student.