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'.
|Third-party Liability Cover||Up to 7.5 lacs|
|Claim Settlement Ratio||78.89%|
|Number of Licensed Agents||10,328|
**Last Updated on 05-11-2020
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.
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.
Car insurance premium calculation depends upon several factors. Some of them are listed below-
A few premium samples are mentioned below for your reference:
|Car Variant||Price of the Car||IDV*||Zero Depreciation (Add On)*||Estimated Premium*|
|Hyundai Verna 1.0 Turbo GDI DCT SX(O)||Rs.14,00,000||Rs.8,46,093||Rs.3,807||Rs.29,963|
|Maruti Suzuki Ciaz- Alpha (1462cc)||Rs.9,98,000||Rs.8,85,588||Rs.4,428||Rs.25,603|
|Honda Civic VX (1799cc)||Rs.21,24,000||Rs.14,59,200||Rs.4,878||Rs.41,378|
|Mahindra Scorpio S5||Rs.12,46,000||Rs.6,16,455||Rs.2,774||Rs.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).
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-
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.
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
For additional details, you can connect with the team of Universal Sompo Car Insurance Company.
Required Information & Documents
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: firstname.lastname@example.org
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.
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:-
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 22 Aug