Universal Sompo Third Party Bike Insurance

Universal Sompo Bike Insurance

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  • First private-public joint venture company in India
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  • 90.36% Claim Settlement Ratio in FY18
  • 86 branches and 17 Zonal offices across India
  • 24*7 telephonic Customer support
  • Network of more than 3,500 garages

Universal Sompo Third Party Bike Insurance

Universal Sompo General Insurance has been shielding thousands of people against the unforeseen events of life. Universal Sompo third party bike insurance policy provides a cost-effective solution to the policyholders for fulfilling the mandatory requirement of the law as well as dealing with the liabilities towards the third party.

Universal Sompo General Insurance has digitalized its procedures in order to ensure a better experience for the policyholders. It provides maximum assistance to the policyholders through its efficient support team. Universal Sompo third party bike insurance policy covers the financial and legal liabilities of the insured’s bike towards the third party at an affordable premium.

Universal Sompo Third Party Bike Insurance vs Comprehensive Bike Insurance

Basis

Third Party bike

insurance

Comprehensive bike

insurance

Coverage

Third party bike insurance policy covers the financial and legal liabilities of the third party only.

Comprehensive bike insurance policy provides coverage for both third party liabilities and own damage to the insured’s bike.

Nature of Requirement

As per the Indian Motor Tariff Act, this policy is a statutory requirement.

This policy depends on individual preferences and thus it is optional.

Add-ons Availability

Third party bike insurance policy does not offer any add-on cover to the policyholders.

Policyholders can stretch the coverage of this policy by opting for various add-on covers.

Cost

The limited coverage offered by this policy makes the premium relatively lower.

This policy comes with a higher premium due to the extensive coverage it provides.

What All is Covered Under Universal Sompo Third Party Bike Insurance Policy?

The Universal Sompo third party bike insurance policy provides coverage for the following.

  • Financial liabilities of third party property damage: The Universal Sompo third party bike insurance policy provides coverage for any property or vehicle damage of the third party caused due to the insured’s bike. The insurer provides compensation up to Rs. 1 Lakh for third party property damage.
Bodily injuries/loss of life of third party: The insurer takes care of any bodily injuries, disability or loss of life of the third party caused in any mishap involving the insured’s bike. The compensation amount, however, is decided as per the court of law.

Universal Sompo Bike Insurance User Reviews

75 reviews Write a Review
  • Many add-on covers available

    I bought a Universal Sompo insurance policy to cover my Honda X Blade bike from InsuranceDekho platform. The portal offered me a wide range of add-on ...

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    R
    Ranjeet Kumar
    On: July 10, 2020 | Views
  • Many types of add-ons

    I bought Universal Sompo insurance policy from InsuranceDekho to secure my Suzuki V-Strom 650XT bike. The plan provided me with a range of add-on opti...

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    S
    Shubham Singh
    On: July 9, 2020 | Views
  • Multiple add-on options

    Universal Sompo insurance offers a wide range of bike insurance add-ons on InsuranceDekho platform. I got several choices to opt for through the platf...

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    H
    Hemant Kohli
    On: July 3, 2020 | Views
  • Complete claim settled

    I got my complete claim amount from Universal Sompo insurance for my TVS Scooty Pep Plus after it got damaged due to an accident. The InsuranceDekho t...

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    S
    Sunil Ahuja
    On: June 26, 2020 | Views
  • Easy to get policy claim

    I have a Universal Sompo insurance plan for my TVS Apache RTR 200 Fi E100 bike. I got a complete claim after the accident without any hassle due to th...

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    V
    Vivek Ranjan
    On: June 25, 2020 | Views

Universal Sompo Third Party Bike Insurance FAQs

  • Will the Universal Sompo third party bike insurance policy cover an accident that occurred outside the geographical area?

    No, the Universal Sompo third party bike insurance policy will not provide any coverage for an accident or any other mishap that occurred outside the pre-decided geographical area

  • What coverage will I get in case of the death of the third party?

    The insurer will provide financial and legal support to the policyholder in case of the death of the third party. The compensation amount to be paid by the insurer is decided as per the court of law.

  • How can I pay the premium of my Universal Sompo third party bike insurance policy?

    You can pay the premium of Universal Sompo third party bike insurance policy in the following ways.

    • Direct debit from your bank
    • Credit card payment
    • Cheque payment.
  • How can I check the status of my third party bike insurance policy?

    You can check the status of Universal Sompo third party bike insurance policy online or by dialling the toll-free numbers 1800 22 4030 or 1800 200 4030. For checking the status online you have to get registered on the official website.

  • Can I stretch the coverage of Universal Sompo third party bike insurance policy?

    No, you can not stretch the coverage of Universal Sompo third party bike insurance policy as it does not offer any add-on covers. For extensive coverage, you can opt for the comprehensive bike insurance policy.

Universal Sompo Bike Insurance Contact Details

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