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About universal Insurance






The logo of universal represents all the divine forces to serve the mankind. Universal combines tradition with technology to serve the needs of modern society.

Being one of forerunners in the broking industry in India, we understand that the spirit of insurance broking is customer relationships based on unwavering trust, the kind of trust that assures our customers that their best interests are always kept in mind. We have consistently demonstrated that the best way to serve customers is to understand their business and their needs, and then to craft customized solutions and provide superior customer support – support that is personalized, thorough and always there when our customers need it.

With our expertise ranging from handling large power projects to some of the largest liability deals, we provide a comprehensive array of property, health, employee benefit, liability, reinsurance and risk management services. In addition, we have developed product–specific competencies that allow us to respond to unique demands and opportunities in specific vertical markets.

Our desire to be the very best in the industry drives us to add true value in whatever we do. Today, as when we commenced, Universal is driven by a single imperative – to make a difference in our customer's lives by helping them navigate the complexitiesof risk through our value–added services.

Universal is set to become the top corporate entity which is professional board run with strong commitment to do insurance business by following ethical practices emerge as the most trustworthy brokers for the Ultimate & Divine Expression among all its stakeholders thus giving a true meaning to everyone's lives.

Universal Insurance Brokers combine the traditional values of trust with knowledge and intelligent technology to first serve the best interest of customers and then, all the stakeholders.


  • Prakash Kundalia, Chairman

    He is the co-founder, Chairman of Universal Insurance Brokers Services Pvt Ltd.He is M.A. in English Literature from Boston College.
    He has been a successful serial entrepreneur with over forty years experience across the board within and outside India.He is known as a turnaround strategist.
    He is a poet, writer, educationist, motivator, businessman, environmentalist, philanthropist, social worker but, underneath continues to be a teacher.He enjoys impeccable reputation and trust.

  • Vijay Thakur, Director

    The Co-Promoter of the company with three & a half decades of experience from Public sector General Insurance Company. He contributes with technical expertise & leadership for the development of the team. Having handled large corporate accounts in Comprehensive manner, he has established excellent relationship within Reinsurance market. His commitment to Insurance education has resulted in Joint collaboration with the Chartered Insurance Institute London for promotion of Insurance Professional qualifications in India.

  • Vinay Ranade, Director

    The Co-Promoter of the company with expertise in marketing all the General Insurance products. He understands the pulse of the diversified customers & has been able to develop the small portfolios of the customers into large corporate accounts of customers over three & a half decades. His genuine concern to protect the best interest of policy holders has been recognized & acknowledged in the market. His passionate service, unique way to maintain relationship has helped Universal to retain all the clients on Universal's books through renewals.

  • M. A. Ramamoorthy, Director

    He has been with Universal as one of the founders and is credited with the growth of the company in South India. He focuses on working with larger retail operations as well as corporate business in Chennai region. He has over 30 years of experience in the General Insurance Industry and worked for public sector Insurance co. and has 5 years insurance broking experience. He heads Chennai branch.

  • Gajalakshmi Govindan, Director

    One of the founders and has played the Lead role for the development of business in Karnataka. She has valuable professional experience in the exciting space of Claim Management & Aviation Insurance Solutions. Her experience encompasses areas of Aviation products, creation of strategic alliances, business development, and strategic planning. She heads the team at Bangalore.

  • Shanki Jain, Principal Officer & CEO

    He is MBA by qualification with additional professional qualification of Company Secretary from the Institute of Company Secretaries of India and is an Associate from the Insurance Institute of India. With an overall rich experience of 6+years in the Middle East market he has hands on experience of managing large corporate portfolio across all classes of business as well as Bancassurance. He heads -Reinsurance & Affinity channel.

  • Sonali Patil, General Manager – Finance & Reinsurance

    She is with Universal since inception of the company and Chartered Accountant from Institute of Chartered Accountants of India. Expert in Aviation Insurance and Claim Management. She has undergone Aviation Insurance Training conducted by Airclaims Group, Singapore. Currently she is heading Finance Department as well as Reinsurance Accounts Department.

  • Pravin Bamne, General Manager - Corporate Relations

    One of the first employees with Universal. He has more than 12 years of experience in General Insurance & Insurance Broking Industry. He joined Universal as a Marketing Manager where he played a key role in leading the team in the development of marketing strategies for Universal. His knowledge and expertise has helped open new sectors to Universal as well strengthen its hold in existing markets.

  • K Ramachandra Murthy, Vice President

    Joined UIB with more than 35 years experience. He is a Fellow of III and has been serving a leading public sector company before joining us.

  • Subrata Biswas, Vice President

    Joined UIB with more than 35 years experience. He is a M.A. (Econ.); PGDMM; M.B.A.(Finance); A.C.I.I.(LONDON), Master of Business Laws (M.B.L.), CHARTERED INSURER, U.K. and Fellow of III. He was serving a leading public sector company before joining UIB. He has worked in both underwriting control and claims management in various fields like Fire, Marine Cargo and other Miscellaneous Accident including health portfolio. He has also worked in departments of Vigilance and Personnel. In UIB, he handles the east region in Business Development & also supports the Reinsurance team with his international expertise.

  • Chandrakant Kale, Vice President

    He is a Masters in Law (LL.M. In Corporate Laws); MPM; DLW; FIII (Fellowship of Insurance Institute of India) & ACIIN (Associate of Insurance Institute of Nigeria).He was serving a leading public sector company before joining UIB for 29 years. Expert in Risk Management, legal aspects of Insurance and Reinsurance underwriting, Claim management, Insurance training and counseling.

  • Amjad Pagarkar, Vice President : Liabilities & Marine ( Direct General & Re-Insurance )

    Heads the Business Development Vertical for Marine as well as Industrial &Non Industrial Liabilities .With an overall rich experience of8 +years in the following said Industry , he has hands on experience of managing large corporate portfolio's on Pan India Basis.He has developed a great instinct of analyzing the risks faced by the clients & providing optimized & be-spoke solutions.His experience encompasses areas of Various Liabilities mega risks associated to Industrial & Non Industrial as well specialize in Marine Risks as follows Hull &Machinery , P&I , MTO's Port Packages - Shipyard's , Builder's Risks . Offshore / Onshore / Oil &Energy Projects ,Sea Food Rejection etc.He heads team on Pan India Basis on both Direct General - As well As - Reinsurance Channel.

We are a different broking company. We are here in the Insurance sector to render services and we strongly believe that to do only business is not our business. "Service Gateway to Growth" would be slogan for our organisation.

We claim with sense of pride we have the right set of mind and possess all the qualities to render effective service to policyholders.

Slow and steady wins the race. We are participating in the race to win confidence of customers.

We intend to enjoy the winning combination of retaining our clients for lifelong services and offering insurance and risk management solutions to suit their business in a competitive market.

Our team and Universal business policies focus entirely on creating trust and confidence by

sharing knowledge with consumers and avoiding mis selling at any cost. This is the industry of utmost good faith and our value addition to our clients' port folio is established by taking full responsibilities of policy holders.

Our conduct while dealing with the clients and insurance companies shall always display respect for our profession to enhance its value. In ultimate analysis all the stake holders of Universal shall enjoy the relationship apart from the commercial gains with our associations.

With a focus on meeting the challenges ahead, Universal has dynamic pool of experienced professionals in the areas of Insurance & Risk management.

Integrity is the key to all our dealings with our clients and partners. We treasure our world-class team of people and invest in their abilities. We aspire at being innovative in our work through bringing new ideas and new ways of doing business to deliver practical, reliable insurance solution for our clients.

We, at Universal, are all looking forward to serving you and your organizations.

Thank you.

Vijay Thakur, Director