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UNITED INDIA INSURANCE COMPANY

LIMITED

REGIONAL OFFICE, LUDHIANARegional Office Ludhiana was formed in the year 1989.

It consists of :-

1) 14 Divisional Offices

2) 35 Branch Offices

3) 5 Micro Offices

4) 1 Motor OD Hub opened on 24.08.2009

R.O Ludhiana caters to entire Punjab except D.O

Sangrur, D.O Patiala, D.O Pathankot & D.O Hoshiarpur

which fall under R.O Chandigarh

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Brief Profile of the Region

Ludhiana is known as biggest Industrial hub of Punjab state. Ithas large Hosiery Industry having around more than 3000Textile and Spinning Mills and Garment Units.

It is also known for its cotton belt in Bathinda and Abohar

having a lot cotton and Ginning mills. Bathinda has Oilrefinery and Thermal Power Plants.

Ludhiana has also got biggest Cycle parts and Cycle

Manufacturers, Steel Rolling Mills, Sewing Machine Unitsand Hand Tools Industry. Hero and Avon cycles are wellknown for their quality all over the world.

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Fire and Engg Premium /ICR

Fire Engineering

Year Premium

in Lacs

Incurred

Claims in

Lacs

Premium

in Lacs

Incurred

Claims

in Lacs

2009-10 2160.71 1116.27

(51.66%)

1105.38 995.82

(90.09%)

2010-11 2428.68 802.89

(33.06%)

1300.47 1185.03

(91.12%)

2011-12 2760.22 3533.92

(128.03%)

1417.81 993.25

(70.06%)

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Accretion and Growth

For the

Year

Fire Engg

Accretion Growth% Accretion Growth%

2010-11 267.97 12.40 195.09 17.65

2011-12 331.54 13.65 117.34 9.02

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List of Major ClientsS.No Name of Client Our

Premium

UIIC

Share

1 Oswal and Nahar Group 3 Cr 100

2 Amtek Auto Group 3 Cr 100

3 Rico Auto Industries, 0.5Cr 100

4 Aarti Steels Ltd 0.2Cr 60

5 Saber and Jai Durga Paper Ltd 0.15 Cr 100

6 Pioneer Polyleathers ltd 0.16 Cr 100

7 Aarti Intl Ltd 0.22Cr 50

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List of Major ClientsS.No Name of Client Our

Premium

UIIC

Share8 DMC Hospital

0.40Cr

100

9 SEL Group 0.75 Cr 100

10 Hindustan Tyres 0.20 Cr 100

11 Poddar Tyres 0.25 Cr 100

12 Sharman Group 0.25 Cr 100

13 Garg Acrylics Ltd 0.50 Cr 100

14 Supreme Tex mart 0.30Cr 100

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List of Major Clients Contd.

S.No Name of Client OurPremium

OurShare

15 Shiva Tex fab 0.40 Cr 100

16 Hema Engg Ltd 0.50Cr 100

17 Sunbeam Auto Pvt Ltd 2 Cr 70

18 Munjal Showa Ltd, 0.30Cr 65

19 Munjal Casting, 0.24Cr 100

20 Shivam Autotech Ltd, 1Cr 100

21 Unitech Machines Ltd Group, 2Cr 100

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List of Major Clients Contd.

S.No Name of Client Our

Premium

UIIC

Share

22 Kangaroo Industries 0.25 Cr 100

23 Autofit Pvt Ltd 0.27Cr 100

24 Kundan Rice Mills 0.40Cr 100

25 Majestic Auto Ltd 0.30 Cr 65

26 Omax Auto Group 0.40 Cr 100

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Steps taken to reduce the ICR and to Expedite

Processing of Claims in Fire & Engg

FIRE PORTFOLIO

Pre Inspection be carried out before U/w the risk and a duly

filled proposal form is obtained.

Valuation report is obtained in advance in order to avoiddispute/ delay at the time of claims.

No Second Hand/Obsolete Machinery be covered on RIVbasis. If it is too old/obsolete , it is not covered at all.

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Contd.

Risks falling under declined list are not being underwritten atany cost or if any proposal is required to be accepted it isreferred to H.O before underwriting for seeking underwritingadvices.

Risks situated in Low lying areas are avoided.

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Contd.

As far as possible, covering of Hazardous goods is

avoided and only be underwritten after risk

inspection report with emphasis on the storage and

stacking of such commodities in warehouses.

The specific value of Boundary wall as well as Plinth

and foundations is obtained in order to avoid dispute

at a later stage for settling the claim.

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ENGINEERING PORTFOLIO

Pre-inspection of of the machinery on RIV basisis sought which clearly depicts the Sr.No. Make,

Type and year of manufacture of the Machinery

to be insured. The report should speak about

whether the machine is new or second hand, itsmaintenance, housekeeping and proper running

condition and previous claim history of the

machinery.

No Selective machinery insurance is permitted.

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Contd.

No declined machinery is insured without H.O

approval.

Operating Offices where incurred loss ratio in

Engg policies (like MBD and EEI) is high are

advised to seek approval from R.O before U/w

the risk

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Contd.

PROJECT POLICIES In project policies appropriate warranties are

applied wherever applicable.

Proposal form is obtained in project policies.

No second hand machinery is given testing

cover

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OBJECTIVES AND REMARKS

All risks where ILR has been more than 70 % in

the past three years, are being scrutinized, sothat appropriate action/measures are taken toreduce the incurred losses in future. The riskinspection of such risks are done on top priority.

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Contd.

We have declined certain risk of some areas andhave advised not to underwrite risk falling inthose region. Certain clients are also blacklistedwhich should not be insured at all, irrespective ofdiscounts. Eg. Spinning mills of Panipat

All the prospective leads are been traced so that

the business could be tapped right from theproject stage to increase our premium base inboth Fire and Engg portfolios

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Thank You