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 industry. It is a joint venture between two nationalized banks (Allahabad Bank and Indian Overseas Bank), one private sector bank (Karnataka bank), Dabur Investment Corp- a leading FMCG company & Sompo Japan established in Tokyo. The company has come out as a market leader in the chosen domain by winning customer confidence with the help of superior values. As a company, it ensures to attain growth via the customer-centric approach.

Types Of Universal Sompo Car Insurance

To offer ease, beat competitors and reduce confusion among customers, the company has designed two different insurance plans- private & commercial. Both plans are available online at pocket-friendly prices.

Private Car Insurance

It is a comprehensive car insurance plan that comes out with a third party liability cover as well. The plan offers coverage against damage or loss to your car against man-made disasters, damage caused to property owned by a third party, damages due to an accident and much more.

Key Features Of Private Car Insurance

  • Comprehensive Cover: Comprehensive cover is the best thing about this insurance plan that makes customers ride with it. Apart from the coverage to the insured vehicle, it ensures that the customers also get the third party liability cover in case of any mishappening.
  • Cashless Benefit: The amazing factor of choosing Universal Sompo Car Insurance is its 3500+ network garages that allow customers to get cashless coverage in the hour of need.
  • Add-on Covers: This plan allows you to customize your cover with the helpful add-on covers for boosting the basic coverage. It offers the required additional cover that may prevent you from various mishappenings.
  • No Claim Bonus: Yes, this is one of the most demanded features that people look for. On completion of every claimless year, the plan offers no claim bonus that might range from 0 to 50%.

Commercial Vehicle

When it comes to commercial vehicles, a single accident might cause a huge amount to you. To prevent you from the same, Universal Sompo has come out with the third party liability cover.

Key Features Of Commercial Vehicle

  • Cover to all Commercial Vehicles: This vehicle is completely designed to meet the needs of a commercial vehicle. Hence, it offers the required cover to all forms of the vehicles which are used for business purposes.
  • Third-Party Cover: This plan only offers the third-party liability cover. It means you don't have to feel any burden if you are involved in an accident where the third party loss is huge. The insurance company will directly settle the same with the third party.
  • Pocket-Friendly Prices: Third-party liability cover by Universal Sompo Car insurance company is available at a nominal price.

Why Universal Sompo Car Insurance Over Any Other Company?

Universal Sompo Car insurance company aims to offer world-class services to its customers and that too at nominal prices. The company has experience of many years in the same domain and it also carries the pan India presence which ensures smooth connectivity with customers. The dedicated team makes sure that the customers do not suffer in case of any mishappenings and offer financial assistance whenever required.

Key USPs

  • Offers cashless assistance with the help of a wide range of network garages.
  • The incurred claim settlement ratio of the company is 88%.
  • The easy buying process with minimal documentation.
  • Ensures transparent disclosures.
  • Multiple options to choose from.
  • Swift online services.

Apart from the above-stated benefits, there are a lot of other advantages that you can get by choosing Universal Sompo Car Insurance:-

Cashless Claim Settlement

Cashless Claim Settlement

By adding a wide range of 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

On-Time Assistance

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

Hassle-free Claim Process

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.

Renowned Insurer

Renowned Insurer

Universal Sompo is one of the leading general insurance companies. It offers unmatched services and hassle-free process which attracts customers towards it. With a great level of expertise, it has become one of the most renowned and trusted insurers of India.

Add-On Covers Universal Sompo Car Insurance

  • Nil Depreciation Cover: If your vehicle is covered under this add-on, the company will happily compensate for the depreciated parts that include, rubber, nylon, metal and much more. You can grab this benefit easily at any company‚Äôs authorised network garage.
  • Return to Invoice: It is an impressive add-on cover that is available for cars below 3 years of age. Under the same, the cost will match the vehicle's on-road cost that you happily paid while investing in the policy.
  • Key Replacement: It is one of the required add-on covers for you. In the case where you lost your keys or it gets stolen, the 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 team of the Universal Sompo Insurance will be there to offer the Road Side Assistance that includes towing service, battery jumpstart, flat tire and much more.
  • Engine Protector: If there is a case where the engine/gearbox/transmission of the vehicle is damaged due to any water or oil leakage, the insurer will pay for its replacement.

Benefits Of Buying Universal Sompo Car Insurance Online

The online presence of Universal Sompo Car Insurance has made things easier for you. Whether it is buying or renewing an existing policy, the company allows you to do the same from the comfort of your home. It ensures that you are making a secure and informed decision. Let's have a look at its benefits:-

  • Easy Process: It offers a simple and faster online application process which makes it quite easier for you to instantly buy the desired policy.
  • Customer Support: This feature will help you to connect with the team 24*7 to resolve all your queries
  • Network Garages: The company has tie-ups with a wide range of garages to offer cashless services to its customers without any hassles.
  • Discounts: Apart from normal discounts for everyone, the company offers huge compensation to vehicles designed for blind, deaf or handicapped people.
  • 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.

Other Salient Features

Apart from all the above features and benefits that Universal Sompo Car Insurance holds, there are a few more features that are still not disclosed. Below are such features for your perusal:-

  • Offers no claim bonus for every claim-free year.
  • You might get discounts for choosing a higher voluntary excess.
  • Discount on car insurance plans for approved anti-theft devices installation.
  • It offers concession on vehicles that are specially designed for blind handicapped and mentally challenged people.

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 that includes:-

  • Accidents that takes 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.

Claim Process

Unlike other competitors in the market, Universal Sompo Car Insurance offers a simple and hassle-free claim process. The company has divided the claim process in two formats- cashless and reimbursement.

  • If you don't want to pay a single penny for your repairs, you must connect with network garages to avail of the cashless services. Under the same, the insurer will pay directly to the garage for all your repairs.
  • If you choose to get your repairs done at a normal garage, you can go for the reimbursement process. Under the same, you have to pay for all your repairs initially but you can file for the reimbursement to the insurer along with claim form and required documents.

As an insured, you should not waste your time and get it done asap as any delay in the same might increase the chances of rejection.

In order to get approval and on-time assistance, you should be ready with the following documents:-

  • Copy of your policy papers.
  • FIR copy in case of an accident.
  • Vehicle registration number.
  • Identity proofs.
  • Bills of all repairs in case of the reimbursement process.

Universal Sompo Car Insurance Review

Universal Sompo Car Insurance is one of the finest and leading insurers of India. It is one of the few companies that think more about its customers and their comfort. It emerges out as a market leader and ensures complete customer satisfaction. It keeps on coming out with new ideas to better assist their customers. It is one of the suitable insurers for your next car insurance purchase.


You can easily renew your Universal Sompo Car Insurance policy online. You just need to fill the form and upload documents. Once your papers are approved, the insurer will send a payment link. Once you made the payment, you will receive the policy document.

Basically, no claim bonus is valid up to 90 days from the expiry date of your policy. If you have not renewed the policy within 90 days, the no claim bonus will become 0% and there will be no benefits to pass on.

Cases that include Third-Party Property Damage, Bodily Injury, or Theft should be reported to the nearest police station as soon as possible.

You just need to connect to the insurance company with all your supporting documents to transfer your policy. Documents may include Transferred RC copy, deed/form 29/30/NOC of the seller, Old RC copy, and NCB recovery amount.

Normally, general insurance policies are for a one-year tenure.

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Last updated on 07-01-2020