BS Rahul, CMD, United India Insurance
The department of financial services(DFS) has issued Rahul’s order of appointment on Monday afternoon and he has already taken over his new assignment by today evening
“ During my tenure as CMD of UII, it would be my duty to in strengthen my new family/organisation and also playing a lead role in extending affordable and sustainable insurance availability for large number of insureds, while steadily extending protection to risks of individual and corporate business enterprises,” said Rahul after assuming his new charge
New Delhi:
The government has appointed Bhupesh Sushil Rahul,56, general manager, Agriculture Insurance Company(AIC) as the next CMD of Chennai based United India Insurance(UII).
After getting clearance from the Election Commission, the department of financial services(DFS) has issued Rahul’s order of appointment on Monday afternoon and he has already taken over his new assignment by today evening here.
Rahul, who had joined Crop cell of General Insurance Corporation(GIC) in 1989, has been all along with AIC through out his career and will be retiring in Apr 2027.
“During my tenure as CMD, it would be my duty to in strengthen my new family/organisation and also playing a lead role in extending affordable and sustainable insurance availability for large number of insureds, while steadily extending protection to risks of individual and corporate business enterprises,” said Rahul after assuming his new charge.
Industry analysts point out that UII, which has been facing a spate of financial challenges in terms of capital, solvency, net worth, and large underwriting losses in the last couple of years, is expected to have a much better performance in FY 24.
With the government support for capital and right kind of leadership, the company with a premium of Rs 20,000 crore in FY 24,may see a turn around in the near future.
The post of CMD at UII, the fourth largest general insurer in the country, had fallen vacant after S Tripathy retired in Feb end.
Gopalakrishnan Sundararaman, executive director of UII, who was temporarily officiating as the CMD of the company for over a month, will be retiring tomorrow.
The Financial Services Institutions Bureau(FSIB), the head hunting agency for the players of PSU financial sector services, had earlier selected Rahul and Girija Subramanian, CMD, Agriculture Insurance Company(AIC) as the next CMD of UII and New India Assurance respectively.
Ministry sources said Subramanian’s new appointment letter is yet to be issued.
The CMD post of NIA will fall vacant after Neerja Kapur retires tomorrow after completing her 18-month stint with the largest general insurer in the country.
Congratulations, your hospitality are very professional.
It is good that Mr Rahul, the newly appointed CMD Of UIICL has 3 years to serve. During such a reasonable period, he can handle the affairs of company effectively in its interest.
However, for him it will be a new field of general insurance business as all through he has been working in AICL Which deals with only Agriculture and Crop Insurance business. But at this stage and with such a long experience nothing is impossible to achieve. I Wish him all the best for his new assignment as CMD of UIICL.
My heart felt congrtulations Mr. Rahul.
From your joining day commitment as captain of UII team, I am sure you will be able to reach your goal smoothly with your positive energetic approach.
With my best wishes to you & yr. family
Regrds.
PC Ghosh
(Rtd. Chairman GIC Re.)
Mob.:9322688342
Em.:pcghosh45@yahoo.com
CONGRATULATIONS
IN THE NEW ASSIGNMENT
Congratulations on being appointed as the new Chairman and Managing Director of United India Insurance Company! This is a significant achievement, and your leadership is sure to bring positive change to the organization. I wish you great success in your new role, and may your tenure be filled with innovation, growth, and continued success for the company. Best of luck Sir
Heartiest congratulations Rahul sir.
Its the time for economic boom in India and dying PSUs can surely survive with strong leadership.
Welcome to UIIC. Wish you all the success in your new assignment.
Congratulations Sir.I am attached to UIIC for 46years in Marketing and giving Profit to the company . Waiting to see you in Kolkata Sir.
The first thing the new CMD must do is evaluate the effectiveness and efficiency of his own employees. Its a service industry. Customer’s rights have to be understood by the entire organisation.
Secondly, he should analyse “TPA” – their appointment, their contribution and their cost.
UIIC can only get back to profit by cutting its internal costs. Not by denying clients their legitimate reimbursement.
New CMD
Please consider inculcating sense of responsibility of each employee
Pay scales Gen Insurance Industry is very good
Retiral Benefits are pretty good
Each employee needs to be held responsible & accountable
Accountability has been lacking until caught by the vigilance machinery
It is sad that none of the PSU general insurers are issuing IRDAI complaiant Sookshama / Laghu Policies.
Private players have taken the lead and are using it as a USP to sell.
Still PSU Policies and wordings terms and conditions that ought to be displayed on the face of the policy is not being done.
Just because it a goverment company, they are getting away with it leave alone TDS etc!!!
Very Very SAD
Mr. Rahul,
Heartiest congratulations on appointment as the CMD of United India.
Wishing healthy innings ahead.
Best wishes
Congratulations sir
Request friendly operation for agent portal for making online policy
Congratulation Sir
Many many congratulations
Hope company shall be strengthened by your dynamic leadership.