United Ajod Insurance

United Ajod Insurance Limited is a non-life insurance provider in Nepal, born from the merger of Ajod Insurance Limited and United Insurance Company (Nepal) Limited. Officially commencing jointly operations on May 28, 2023, the company is striving to position itself as a reliable and innovative insurance partner. With an authorized share capital of Rs. 3 billion, issued share capital of Rs. 2.5 billion, and paid-up share capital of Rs. 2.1 billion, United Ajod Insurance enjoys substantial financial backing.

The company is ISO 9001:2000 certified, underscoring its commitment to quality and excellence. Supported by prominent industrialists and respected trading and commercial houses, United Ajod Insurance leverages a wealth of expertise to deliver comprehensive insurance solutions. Their vision centers on providing unparalleled and unbiased service through innovative strategies and well-trained staff, ensuring a pleasant insurance experience for clients.

United Ajod Insurance is dedicated to transforming the perception of insurance from being seen as an additional expense to a secure investment in the future. By prioritizing customer value and adopting a personalized approach, the company fosters a sense of security and trust among its clients. Their mission emphasizes passion, innovation, integrity, flexibility, and positivity, all aimed at contributing to the national economy’s growth while ensuring clients feel special and well-cared for.

Non-life Insurance Products

United Ajod Insurance offers a range of general insurance services designed to meet various customer needs. Some of its products include:

• Property Insurance offers extensive protection for buildings, factories, shops, stocks, showrooms, hospitals, and other assets against natural perils like fire, lightning, storms, water-related damages, explosions, riots, strikes, and terrorism. The Sampati Bima policy ensures that even in the event of severe damage or collapse, financial burdens are mitigated, providing peace of mind to property owners.
• Motor Insurance addresses the inherent uncertainties of life, including vehicle-related accidents and financial losses. With the increasing number of vehicles on congested roads, this insurance is crucial for covering damages and losses, ensuring that vehicle owners are protected from unforeseen incidents.
• Marine Insurance covers the risks associated with the transit of cargo. This includes accidents, water or fire damage, improper stowage, and theft. The policy offers comprehensive coverage for goods transported by sea, inland waterways, road, rail, and air, significantly reducing financial loss for transporters and shipping companies.
• Miscellaneous Insurance encompasses a variety of risks, including personal accident insurance, fidelity insurance, travel medical insurance, burglary and housebreaking, group personal accident, cash in transit, money insurance, banker’s blanket indemnity, professional indemnity, general public liability, product liability, medical insurance (hospitalization), all risks, workmen compensation, and personal accident for trekking expeditions.
• Travel Medical Insurance provides coverage for health-related risks and emergencies while traveling. This includes medical emergencies, accidents, personal liability, loss of baggage, delay of baggage, loss of passport, and travel delays. The policy ensures that travelers are protected against financial burdens in foreign countries, facilitating a stress-free journey.
• Engineering Insurance offers coverage for construction projects such as buildings, roads, bridges, and other civil constructions. The policy protects against unforeseen physical losses or damages, including risks related to erection, machinery breakdown, electronic equipment, and boiler/pressure plant insurance.
• Agriculture Insurance supports the financial needs of low-income households in rural areas, addressing the risks associated with agriculture. This includes protection against illness, loss of assets, death, natural disasters, theft, and other vulnerabilities. By pooling into a risk fund, agricultural insurance helps mitigate the impact of these risks, promoting sustainable development for the poor.

For more details about their non-life products, you can visit their website: unitedajodinsurance.com

Reinsurance Support

Idea of insurance is to distribute risk. Therefore, insurance companies further re-insure themselves and transfer their risk. Some of the prominent local and international reinsurance partners of United Ajod Insurance includes:

• Nepal Re
• Himalayan Re
• Arch Reinsurance
• Asian Reinsurance Corporation
• CICA-RE
• GIC Bhutan Reinsurance Co. Ltd
• Kenya Reinsurance Corporation
• The Oriental Insurance Company Limited
• Tunis Re

Share Price and Market Analysis

United Ajod Insurance Limited is listed in the NEPSE share market under the symbol UAIL.

For the share price or market analysis along with news of United Ajod Insurance Ltd. (UAIL), you can check: Mero Lagani, Nepse Alpha, Share Sansar

Branches of United Ajod Insurance

Below are the list of branches of United Ajod Insurance in various provinces and locations of Nepal.

Contact Details (Head Office)

Website: unitedajodinsurance.com
Phone: +977-01-5343072 Toll Free: 16600186496
Email: [email protected]
Address: CTC Mall (7th Floor), Sundhara, Kathmandu, Nepal

If you want to know more details about United Ajod Insurance Limited, or have some suggestions, you can feel free to write to us.