About Universal Sompo General Insurance
Universal Sompo is India’s first Public-Private partnership in the General Insurance Industry with its headquarter in Mumbai, India. It is widely appreciated for its different insurance products from bike insurance, car insurance and so on. This private-public joint venture was established by the joint effort of two nationalized banks which are Allahabad Bank and Indian Overseas Bank, one private sector bank which is Karnataka Bank Ltd, one FMCG which is Dabur Investment Corp and a Japanese insurance company which is Sompo Japan Nipponkoa Insurance Inc.
In 2007, Universal Sompo was founded with the mission of providing world-class insurance products and services for bike insurance, health insurance and so on. The range of products and services provided by Universal Sompo include individual health insurance, group health insurance, individual accident, critical illness policy to car and bike insurance policies such as motor private car insurance plan, two-wheeler insurance plan, passenger-carrying vehicle insurance plan, etc.
The vision of the company is to become a market leader in bike insurance and other insurance products and they are willing to do so by keeping the customers satisfied. The company is operating with around 135 IRDA approved products, via 86 branches and 17 zonal offices. Moreover, the company is associated with more than 3,500 garages to provide services for car and bike insurance and offer 24x7 active customer support.
Universal Sompo Bike Insurance
Universal Sompo General Insurance Company offers customers three basic types of two-wheeler insurance. This includes third party insurance, standalone own-damage insurance and comprehensive insurance. Third party insurance is compulsory in India, according to the Motor Vehicles Act of 1988 anyone caught without this can be fined Rs. 2,000 and/or be imprisoned for up to 3 months. Moreover, in case of a mishap, it will take care of third party liabilities including bodily injuries, death and property damage. On the other hand, if you want coverage for own-damage costs you should purchase a standalone own-damage cover. This type of insurance provides compensation for a wide range of scenarios including road accidents, theft, vandalism, natural and manmade disasters. Lastly if you’re looking for a hassle-free and holistic way to remain ensured purchase a comprehensive plan. This plan takes care of both own-damage costs and third party liabilities under a single premium.
Furthermore, you can strengthen the coverage of your standard two-wheeler insurance by purchasing add-on covers. These are available with every own-damage cover and can significantly enhance your claim amount in case of a mishap. Some add-on covers that you should definitely check out are the zero depreciation cover, roadside assistance cover, passenger assistance cover and engine safe cover.
Universal Sompo is increasingly becoming a popular insurance provider in India. It offers customers a range of benefits and coverage, moreover, its customer service is known to be quick and efficient. With every claim-free year insurance holders also get to enjoy the no claim bonus and in the fifth consecutive year, this add-on goes up to 50%.
Significant Points of Universal Sompo Bike Insurance
Third Party Insurance - Property Damage
Up to Rs 1 Lakh
Own Damage Cover
Determined by the IDV of the Two-Wheeler
Personal Accident Cover
Up to Rs 15 Lakh
Claim Settlement Assistance
What is your bike's brand?
Benefits of Universal Sompo Bike Insurance
- A wide network of 3,500+ garages
- 24x7 emergency assistance is provided
- Digitally enabled insurance procedures
- Holds authentic and prestigious certifications
- Allows policyholders to make unlimited claims.
17 Universal Sompo Cashless Garages in India
Explore Bike Insurance
Universal Sompo Bike Insurance User Reviews
- Most Helpful
Universal Sompo Two-Wheeler Insurance FAQs
Why should I choose Universal Sompo two-wheeler Insurance?
Universal Sompo two-wheeler insurance offers the following benefits to its customers:
- Instant policy issuance without any hassle
- Quick claim settlement
- Portfolio of long-term policies
- Cashless service at more than 3,500 network garages
- Special add-on covers
How can I get two-wheeler insurance from Universal Sompo?
You can get a two-wheeler insurance policy from Universal Sompo in three ways. The traditional way would be going to the branch. Alternatively, you can buy an insurance plan online through the official website of Universal Sompo. You can also call the toll free number of Universal Sompo General Insurance and the support executives will help you in getting the plan.
Is there an eligibility criteria for getting Universal Sompo two-wheeler insurance?
The only eligibility criteria for getting a two-wheeler insurance policy from Universal Sompo is that the individual has to register his two-wheeler in his name with the Regional Transport Authority in India.
What are the add-ons available for two-wheeler insurance?
Universal Sompo provides multiple add-ons with two-wheeler insurance plans. The offered add-ons include Nil Depreciation Cover, Return To Invoice, Roadside Assistance, Daily Cash Allowance, Cost Of Consumables, Loss Of Driving License, Ncb And Engine Protector, etc.
How can I get cashless service for my two-wheeler?
Universal Sompo Two-Wheeler Insurance provides cashless repair and replacement services at its authorised garages. The policyholders can seek the service anywhere at any of its more than 3,500 network garages situated all around the nation. The claims at these authorized garages are completely cashless.
Why to buy from InsuranceDekho?
- Instant policy# within 5 mins
- More than 11.5 Lac happy customers
- Claim Support available all 7 days of the week
Bike Insurance News
- How to Save Money While Purchasing Bike Insurance?
Read this post to know how to save money while purchasing bi...19 April 2021
- Top Best Sports Bikes In India 2021
Let us find out the top best sports bikes in India 2021.19 April 2021
- Best Bajaj Pulsar Models With The Best Mileage
Read this article to learn about best Bajaj Pulsar models wi...18 April 2021
- Best Bajaj Pulsar Variants Under Rs. 1 Lakh
Check this article for the best Bajaj Pulsar variants under ...18 April 2021
- List of Bike Insurance Companies List In India
Are you choosing the ideal bike or scooter model? Here is a ...17 April 2021
- PUC Certificate: Check Your Vehicle Pollution Cert...
Have you ever wondered your pollution certificate status onl...16 March 2021
- Traffic Fines in 2021: New Rules, Applicable Penal...
In this article, we have listed the applicable fines and pen...04 March 2021
- How to Find A Bike’s Registration Number And Chass...
Check this post if you want to learn how to find a bike's re...20 February 2021
- How To Search Bike Owner Details With The Help of ...
This article mentions how you can check the vehicle registra...07 March 2021
- Why Is a VIN or a Chassis Number Important?
Know all about the VIN and chassis number of your bike04 March 2021
Add-ons For Your Universal Sompo Bike Insurance
This article is issued in general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.