Universal Sompo Car Insurance

Universal Sompo General Insurance Company is a private-public joint venture. It is the first of its kind and the venture is comprised of two nationalised banks - Indian Overseas Bank and Allahabad Bank, one private bank - Karnataka Bank, an FMCG company Dabur Investment Corporation and the well-known Japan-based insurance firm Sompo Japan Nipponkoa Insurance Incorporation. The company offers around 135 IRDAI approved products across India that includes reliable car insurance plans.

As on March 31, 2016, the company has rendered over 1.6 million insurance policies and has settled more than 1.1 lakh insurance claims.Universal Sompo General Insurance Company has developed rapidly since its establishment in 2007, gaining a reputation for providing customer-oriented car insurance products. Universal Sompo General Insurance features an active network composed of 113 Branches and 17 Zonal Offices. The company claims that its car insurance products are developed based on personalisation and flexibility. The company also offers policies for health insurance, business insurance, travel insurance, home insurance, and two-wheeler insurance. In addition, the company has a remarkable after-sale service that helps it in keeping its car insurance customers satisfied and happy.

Universal Sompo Car Insurance

When it comes to car insurance, Universal Sompo General Insurance offers two types of car insurance plans that comprise a third party car insurance policy and a comprehensive car insurance policy. The former is a policy that covers the insured as well as his or her car from financial losses and damages after an accident or any mishap such as theft, fire, natural calamity, or man-made calamity, while the latter is a policy that covers the insured as well as his or her car from financial losses and damages after an accident or any mishap such as theft, fire, natural calamity, or man-made calamity.

However, to enhance the car insurance policy coverage, one can purchase add-on cover(s), by paying a little extra premium amount, offered by the insurance company to ensure all-round safety when hitting the road.The insurer provides add-on insurance such as nil depreciation, return to invoice, daily cash allowance, key replacement, and roadside assistance, and so on. In addition to these benefits, policyholders can receive a No Claim Bonus by going an overall policy year without filing a claim on their own-damage premium, which they can use at the time of renewal.This discount may accumulate with every claim-free year and range from 20% to maximum of 50%.

Significant Points of Universal Sompo Car Insurance