Universal Sompo General Insurance is a private-public partnership venture in the Indian general insurance industry. The joint venture is between two nationalized banks namely Allahabad Bank and Indian Overseas Bank, a private sector bank in Karnataka Bank, Dabur Investment Corp- a leading FMCG company and Sompo Japan established in Tokyo, which is a Fortune 500 company with a capital of 70 billion Yen.Universal Sompo offers health & critical illness, personal accident & disability, domestic, and motor insurance among others. The company obtained the Licence and certificate of Registration from Insurance Regulatory and Development Authority in November 2007.
Universal Sompo is a great insurance company that caters into almost every section of the general insurance industry. The company has a rich history and a great future as well. Talking about the claims and history of the company, the company is amog the most trusted one. The company carries a good claim record and reviews as well. It is a trustworthy company so you don’t have to worry about the investment that you make with it.
USGI started operations in 2007 and has shown tremendous growth since its inception because of the customer-centric products that it has offered which boast of the high level of personalized features. It has an extensive channel of 113 branches and 17 zonal offices across India and has a dedicated customer care helpline for resolving the queries of its customers. Universal Sompo has a Gross Written Premium (GWP) of Rs 903.79 Crores for the year ended March 31, 2016.The company sold over 1.6 million policies and settled over 1 lakh claims as on March 31, 2016. USGI offers an impressive product portfolio catering to individuals, corporate and SMEs as well. Their custom made policies match the requirements of individuals and families. These can be backed up by add-on covers.
- Emergency and planned hospitalizations are covered by the company under cashless benefits. At network hospitals you need to produce the health card. At non- network hospitals, an upfront payment can be made which can later be claimed on producing relevant documents and bills
- Pre-authorization might be required from the organization for certain situations.
- All documents ought to be submitted within 10 days of the affected person’s discharge.
The claim can be accepted or rejected primarily based on the policy in addition to the documentation provided.
Health insurance is basically a concept in which the insured person gets the needful financial assistance in the case of medical emergency. This plan basically helps people to get quality treatment on time as well. With the help of this effective plan, a person doesn't have to pay the medical bills from his/her pocket. The company will be there to support him in all the possible manner.
The company is offers a wide range of effective healthcare products that will surely help you in getting the right coverage. Health insurance offers needful coverage in case of medical emergency. In India, the health insurance sector is growing by the day. The company is offering a wide range and covers all sections of the general insurance industry. All the health plans by this company are effective.
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