Universal Sompo Car Insurance
Universal Sompo Car Insurance
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Universal Sompo Car Insurance

Universal Sompo General Insurance is one of the finest insurers in the general insurance industry. It is a joint venture between two nationalized banks (Allahabad Bank and Indian Overseas Bank), one private sector bank (Karnataka bank) and Dabur Investment Corp- a leading FMCG company & Sompo Japan established in Tokyo. The company has come out as a market leader by winning customer confidence with the help of superior values. As a company, it ensures to attain growth via the customer-centric approach. The company offers multiple insurance plans to cater to the different needs of customers and car insurance is one of them. The company offers two motor insurance plans- 'Private Car Policy' & 'Commercial Vehicle Policy'.

Highlights of Universal Sompo Car Insurance

Third-party Liability CoverUp to 7.5 lacs
Network Garages3600+
Claim Settlement Ratio78.89%
Number of Licensed Agents10,328

**Last Updated on 05-11-2020

How To Renew Your Universal Sompo Car Insurance?

To provide more convenience to its customers, Universal Sompo Car Insurance allows its customers to easily insure their cars and quickly renew their existing plans online. You can renew your car insurance via two means- through PolicyX.com or by visiting Universal Sompo General Insurance's website. Let's explore the same in detail.

1. Renewal via PolicyX.com

  • Visit the 'Compare car insurance quotes' section present at the top of this page.
  • Submit the car number and click on the tab 'Get Quotes'. You can also continue with 'Proceed without car number' (in case you don't have the car number ready with you) and fill the details to visit the quotes section.
  • Renew the existing plan or buy the one from the list as per your convenience.
  • Pay via different payment modes.
  • You will receive the policy document on your mail address.

2. Renewal via Universal Sompo General Insurance

  • Visit the official website of the Universal Sompo General Insurance
  • You will see a pop up of 'Instant Renewal'. Click on 'Renew now' under the motor category.
  • If you don't receive any pop-up, then you can take your cursor to 'Motor' and select on 'Renew' under Two-wheeler/Private car.
  • With both steps, you will land at 'Motor Insurance Renewal Page'.
  • Click on 'Renew Now' under the Private Car/Commercial vehicle category.
  • Provide your policy number and click on 'Renew Now'.
  • Analyze the details of the plan and premium. Make the payment.
  • The policy documents will be shared on your email.

What Are The Different Benefits and Features of Universal Sompo Car Insurance?

Universal Sompo Car Insurance has come out with multiple features and benefits which makes it one of the best platforms to invest in a car insurance plan.

Network Garages: By adding a list of 3600+ cashless garages into the network, the company ensures to offer cashless claim services to its customers in the hour of need. With this, you don't have to spend a single penny for repairs from your pocket.

On-time Assistance: Universal Sompo Car Insurance understands the value of on-time assistance, hence its dedicated teams of expert advisors are 24*7 active to assist you. You don't have to check your watch before contacting them.

Hassle-free Claim Process: The company never wants you to suffer, hence, it offers a hassle-free claim process. With the same, you can file a claim anytime and get the required response on time. It carries a great claim settlement ratio of 78.89% which is proof of its timely settlement.

Safe & Secure: With Universal Sompo Car Insurance, you don't have to worry about your personal data. The insurer makes sure that it keeps your details safe and secure with the help of updated software and techniques.

Discounts: Apart from basic discounts (no claim bonus and discount on installing anti-theft devices approved by ARAI in the car), the company offers huge discounts to vehicles designed for blind, deaf and handicapped people.

Universal Sompo Car Insurance Premium

Car insurance premium calculation depends upon several factors. Some of them are listed below-

  • Model & age of the car
  • IDV
  • Location
  • Purpose of owning a car
  • Discounts, if any

A few premium samples are mentioned below for your reference:

Car VariantPrice of the CarIDV*Zero Depreciation (Add On)*Estimated Premium*
Hyundai Verna 1.0 Turbo GDI DCT SX(O)Rs.14,00,000Rs.8,46,093Rs.3,807Rs.29,963
Maruti Suzuki Ciaz- Alpha (1462cc)Rs.9,98,000Rs.8,85,588Rs.4,428Rs.25,603
Honda Civic VX (1799cc)Rs.21,24,000Rs.14,59,200Rs.4,878Rs.41,378
Mahindra Scorpio S5Rs.12,46,000Rs.6,16,455Rs.2,774Rs.29,458

Table Data updated on 05-11-2020

**The values are calculated on the basis of the city (Ambala) and year of registration (2020).

What Are The Different Add-ons Cover Available Under Universal Sompo Car Insurance?

Universal Sompo Car Insurance offers multiple add-on covers through which you can get the additional cover at a nominal cost. Let’s take a look at them-

  • Nil Depreciation Cover: If your vehicle is covered under this add-on, the company will happily compensate for the depreciated parts of your car that include, rubber, nylon, metal, and much more.
  • Return to Invoice: It is an impressive add-on cover that is available for the next three years from the date of registration of your car. Under the same, you will receive the amount equal to the vehicle's on-road cost that you have paid while investing in the policy in case the car is damaged beyond repair or is stolen.
  • Key Replacement: If you lose your keys or it gets stolen, Universal Sompo Insurance will pay for its replacement.
  • Roadside Assistance: There are many cases where people get stuck on the road because of various mishappenings. In such cases, the company will arrange a tow facility or reimburse the cost of the same.
  • Engine Protector: If there is a case where the engine/gearbox/transmission of the vehicle is damaged due to water or oil leakage, the insurer will pay for its replacement.

How To File a Claim Under Universal Sompo Car Insurance Policy?

Whether it is a major or minor breakdown, Universal Sompo Car Insurance understands the need for a simple claim settlement. Hence, it comes out with the hassle-free process that allows you to register a claim within a few minutes and get the required assistance.

Claims Process

You can file a claim by calling on the toll-free number or visiting the nearest branch. Below is the required procedure to file a claim.

Own Damage/Theft Cover

  • Provide written notice to the insurer. Submit all the required information and documents.
  • Submit a detailed estimate of all repairs from any garage. Normally, an insurer accepts the same but they might ask you to get an estimate from another garage.
  • In case of theft, please file an FIR.
  • Later, the insurer appoints a surveyor to assess the associated loss. He will inspect the damage and discuss the cost of repair or replacement with the repairers.
  • If you have paid the bill, you will get reimbursed with the amount on submission of a receipt/bill from the garage.

Third-party Cover

  • Submit a written notice to the insurer about an accident to the third party.
  • Submit the required documents along with a claim form.
  • The company appoints a surveyor to analyse the data and the whole scenario.
  • On receipt of claim registration Court or MACT, a competent Advocate will be appointed and a follow up should be done with him.

For additional details, you can connect with the team of Universal Sompo Car Insurance Company.

Required Information & Documents

  • Your contact number(s)
  • Policy number
  • Name of the insured person
  • Date & Time of the accident
  • Location of loss
  • A brief description of the accident
  • Extent of loss
  • Place & contact details of the insured (in case the claimant is other than the insured person).

Contact Details of Universal Sompo Car Insurance

Universal Sompo General Insurance Company

Tollfree: 1800 22 4030 / 1800 200 5142

Email Id: contactus[at]universalsompo[dot]com

Registered Address: Universal Sompo General Insurance Company Ltd., Plot No - EL-94, KLS Tower, TTC Industrial Area, MIDC, Mahape, Navi Mumbai 400710.

PolicyX.com Insurance Web Aggregator

Contact Number: 1800-4200-269/1800-4203-180

Email Id: helpdesk@policyx.com

Registered Address: PolicyX.Com Insurance Web Aggregator Private Limited, 1st Floor, Landmark Tower, Plot no-2, Southcity-1, Opposite C-113, Ashok Marg, Sector-41, Gurugram - Haryana - 122001 India.

FAQs

1. What is the tenure of the Universal Sompo Car Insurance policy?

You can buy a Universal Sompo Car Insurance Policy for 1 or 3 years.

2. What is excluded in the Universal Sompo Car Insurance?

To maintain business ethics in the market and to avoid misuse by fraudsters, the company has excluded a few things from the Universal Sompo Car Insurance policy:-

  • Accidents that take place outside the geographical area.
  • It does not offer cover against consequential losses, normal wear, and tear.
  • Any loss that takes place while driving without a valid driving license.
  • Driving under the influence of liquor or drugs is not liable to get the cover.

3. Are commercial vehicles covered under Universal Sompo Car Insurance?

Yes, there is an exclusive plan by Universal Sompo Car Insurance that provides coverage against all commercial vehicles. It will cover loss or damage to the vehicle insured arising out of:

Fire, explosion, lightning, self-ignition, burglary, riot, theft, strike, terrorism, malicious act, earthquake, typhoon, flood, accidental external means, road/rail/inland waterway/air transit and landslide or rockslide.

It also offers cover against Legal Liability to third party personal injury and property damage arising out of an accident involving the vehicle as required under the Motor Vehicle Act.

4. What is the highest no-claim bonus that I can avail under Universal Sompo Car Insurance?

On completion of every claimless year, the plan offers no claim bonus that might range from 0 to 50%.

5. Can Universal Sompo Car Insurance be cancelled?

Yes, your car insurance policy can be cancelled but only if it is a genuine case. For the same, you have to inform the company within 1 month from the date of purchase of the policy.

6. Are natural calamities covered under Universal Sompo Car insurance?

Any damage caused to your car because of natural calamity like flood, cyclone, tempest, earthquake, hurricane etc. are covered but only under the comprehensive insurance policy.

Last updated on 05-11-2020