Insurance companies play a crucial role in providing protection and cover for individuals and businesses against the events of loss and damages. These losses can range from personal to corporate, affecting both individuals and their properties as well as businesses.
Given the diverse nature of risks and uncertainties, choosing the right insurance company becomes a significant decision. In this article, we aim to provide comprehensive insights into Universal Insurance Company Limited, helping you make an informed decision when it comes to insurance.
Established in 1961 by the Eastern Nigerian Government, Universal Insurance Company Limited began its operations through a collaboration between the Eastern Nigeria Development Corporation and Pearl Assurance Company Limited of London. The company, initially known as The Universal Insurance Company Limited, later entered into a partnership with Swiss Reinsurance Company of Zurich, acting as a reinsurer.
Stakeholders in Universal Insurance Company Limited include states like Anambra, Imo, Enugu, Abia, and Ebonyi, which were part of the division of the Eastern Central.
Strength of Universal Insurance Limited
Universal Insurance Limited operates in the general insurance sector, positioning itself as a global business organization. Over the years, it has grown into a mega organization formed from the consolidation of three other companies: United Trust Assurance, African Safety Insurance Company Limited, and Oriental Insurance Company Limited.
Known for its smooth dealings, quick claims processing, and overall efficiency, Universal Insurance PLC has become a prominent player in the insurance industry.
Management Team Structure
The management structure of Universal Insurance is designed for efficiency in service delivery. With an autonomous management style, the company focuses on being customer-oriented and providing the best results to its clientele.
Products Offered By Universal Insurance PLC
Universal Insurance offers a diverse range of insurance products, making it one of Nigeria's significant personal line insurers. The eight major types of insurance services provided by Universal include Auto insurance, Property insurance, and Commercial insurance.
Specific products offered by Universal Insurance PLC encompass All-Risk insurance, Boiler and Pressure Vessels insurance, Bond insurance, Builders’ Liability insurance, Burglary and Housebreaking insurance, Employers’ Liability insurance, Fire and Special Perils, Fidelity Guarantee, Group Personal Accident, Health Care Professional Indemnity, and many others.
How to Process Claims With Universal Insurance PLC
Universal Insurance PLC has a dedicated claims center to efficiently process the claims of customers seeking compensation from their policies. The claims process involves the submission of a duly completed claims form and specific documents related to the insurance. Contacting Universal Insurance initiates a streamlined process to ensure a hassle-free experience for claimants.
How Can I Reach Universal Insurance
For inquiries or communication with Universal Insurance, all contact details can be found on the company's official website. Whether through email, telephone, or visiting any of their offices, Universal Insurance maintains ten operational bases across the country to provide accessibility and convenience.
Conclusion
Choosing Universal Insurance is a prudent decision if reliability, speed of operations, and general accountability are key factors for you. As a reputable insurance company with a rich history and a wide array of products, Universal Insurance Company Limited stands as a trustworthy partner in safeguarding against the uncertainties of life and business.