![united india insurance office in delhi united india insurance office in delhi](https://uiic.co.in/sites/all/themes/uiic/images/minimize.png)
The authorized capital and paid-up equity capital of the company is Rs.200 crore and Rs.150 crore respectively. The company provides insurance services to the customers catering to almost all segments of general insurance business.
![united india insurance office in delhi united india insurance office in delhi](https://www.current-affairs.org/wp-content/uploads/2016/06/United-India-Insurance-Previous-Papers.jpg)
The Company has 2080 offices and employee strength of 16345 as on.
![united india insurance office in delhi united india insurance office in delhi](https://lh4.googleusercontent.com/-KlX2quoSolQ/WTxRKlczrPI/AAAAAAAAJng/5xgaefPYYmw0kmZ8dGukXb8NMSxZK4mbgCLIB/photo.jpg)
With the nationalization of General Insurance business in India, 12 Indian Insurance Companies, 4 Cooperative Insurance Societies and Indian operations of 5 Foreign Insurers, besides General Insurance operations of southern region of Life Insurance Corporation of India were merged with United India Insurance Company Limited. United India Insurance Company Limited was incorporated in 1938. The authorized capital and paid-up equity capital of the company is Rs.300 crore and Rs.200 crore respectively. The company provides insurance services to the customers having over 170 products catering to almost all segments of general insurance business. The Company has 2329 offices and the employee strength is 18783 as on. The company was founded by Sir Dorabji Tata on July 23rd, 1919 and nationalized in 1973 with merger of Indian companies. The authorized capital is Ra.1000 crore while the paid-up equity capital of the company is Rs.430 crore. As on the employee strength of the Corporation is 558. It also has 2 foreign subsidiaries (GIC Re South Africa and GIC Re India Corporate Member Ltd. The Corporation has its head office in Mumbai and 3 liaison offices in India (Delhi, Kolkata and Chennai), 3 branches in foreign countries (London, Dubai and Kuala Lumpur) and 1 representative office in Moscow. From 21 March 2003, GIC's role as a holding company of its subsidiaries also came to an end and the ownership of the subsidiaries was transferred to the Government of India. In November 2000, GIC was notified as the Indian Reinsurer, and its supervisory role over its subsidiaries was brought to an end. The GIC was incorporated in the year 1972 and the other four companies became its subsidiaries. The General insurance industry was nationalized in 1972 and 107 insurers were grouped and amalgamated into four Companies – National Insurance Co. &SICCI are listed on their respective Stock Exchanges. Ltd., Nairobi, Kenya and Saudi Indian Company for Co-operative Insurance (SICCI), Riyadh, Kingdom of Saudi Arabia are composite companies transacting life and non-life business and two JVs, LIC (Nepal) Ltd. Among the above two joint ventures (JVs), Kenindia Assurance Co. A Wholly owned subsidiary, Life Insurance Corporation (Singapore) Pte Ltd.
![united india insurance office in delhi united india insurance office in delhi](https://media.glassdoor.com/l/32/45/7e/e3/exl.jpg)
LIC has also formed a Joint Venture Company Life Insurance Corporation (LIC) of Bangladesh Limited between Life Insurance Corporation of India, Strategic Equity Management Ltd and Mutual Trust Bank Ltd on. registered in Colombo and Saudi Indian Company for Co-operative Insurance(SICCI) registered in Riyadh. registered in Kathmandu Life Insurance Corporation (Lanka) Ltd. registered in Nairobi Life Insurance Corporation (Nepal) Ltd. It also operates through Joint Venture(JV) Companies in overseas Insurance Market, namely Life Insurance Corporation (International) B.S.C.(c), registered in Manama (Bahrain) Kenindia Assurance Company Ltd. The Corporation has Branch Offices in Fiji, Mauritius and United Kingdom. As on 31st March, 2016, LIC has 8 Zonal Offices, 113 Divisional Offices, 2048 Branch Offices, 73 Customer Zones, 1401 Satellite Offices and 1240 Mini Offices in India. LIC is governed by the Insurance Act 1938, LIC Act 1956, LIC Regulations 1959 and Insurance Regulatory and Development Authority Act 1999. Thank you for your patience.LIC of India was incorporated on 1st September, 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956. We understand that timely access to client support is important.