yash

BORAD OF DIRECTORS
Chairman-cum-Managing Director - Shri N S R Chandraprasad General Manager & Executive Director - Shri A. V. Girija Kumar

Joint Secretary (IF), Ministry of Finance, Govt. of India - Shri Anurag Jain

Part-time Non-official Director - Shri Moti Lal Sharma

Part-time Non-official Director - Shri Amitav Kothari

CMD, UCO Bank - Shri Arun Kaul

CORPORATE MANAGEMNT

ACHIEVEMENTS
WE ARE:
 The fastest growing Non-life Insurance Company in India
 The second largest Non-life Insurance Company in India
 Internationally recognized as one of the top 5 General Insurance Companies in the Asia Pacific. CUSTOMER SERVICE INITIATIVES
 Establishing Connectivity among 1000 offices with in the country
 Facility to get Policy through NET soon
 Tie-ups with leading Banks, Corporate Sectors, State Governments
 Conciliatory Fora for facilitating quick settlement of Motor Third Party claims, Compromise settlement, LokAdalat and Jald Rahat Yojana.
 Zonal Advisory Committees set up to maintain progress.
 May I help you counters set up at Head Office and all Regional Offices.
 Citizens Charter Commitments being implemented by all offices.

PRODUCT DEVELOPMENT
 More than 200 products available to cater to the needs of various sectors of the economy.
 Continuous product development to meet emerging needs of society and industry.
 R&D cell set up at Head Office for distinctive product innovation relevant to indigenous conditions and rural masses.
 New covers launched : PARIVAR – Mediclaim for Family, VIDYARTHI-Mediclaim for Students, UCO Medi + Care Bima Policy, Star National Swasthya Bima Policy, VARISTHA Mediclaim for Senior Citizens. MARKETING (INTERMEDIARIES) DEPARTMENT
· As a major strategic initiative, National Insurance Company has tied up with commercial banks, Non Banking Financial Institutions, Automobile Manufacturers, NGOs and State Governments for marketing of its Insurance services.
· Marketing (I) Department as been established at Head Office to provide the required thrust and direction to the business. Strategic Alliances Departments have been created at the Regional and Operating levels to exclusively cater to the Tie-Ups. The RO strategic Alliances coordinator has the overall responsibility of servicing the tie-ups in the Region. The total business from all alliances is budgeted to grow at the rate of 36% to Rs.1070 core in 2006-07 and concerted efforts are being made in this direction.
· National Insurance Company Limited ranks among the top GLOBAL BUSINESS INSURERS.
· NIC has been awarded the “AAA/STABLE” financial strength rating by CRISIL. It reflects the highest financial strength to meet policyholders’ obligations.