Universal Sompo General Insurance Company Limited

Universal Sompo General Insurance Company Limited

Universal Sompo Motor Insurance


The joint venture has been funded with shareholder’s funds of over 230 crore including share premium. It got the IRDA approval in 2007. The JV partners will expand their vast allocation, reach and customer base for seeking the bouquet of non-life insurance business. In addition, the company's distribution network also consist of brokers, agents and focused below the line direct marketing promotions.


Motor Insurance plans of Universal Sompo General Insurance Company Limited are customized in a way that can meet your requirements easily. It provides financial coverage to almost every vehicle against any damages or theft. There are comprehensive and third party liability coverage available.


Types of Motor Insurance Plans: Universal Sompo General Insurance Company Limited


Motor Private Car: It provides coverage on vehicles which are used for personal and business purpose as well. This plan provides financial assistance to the vehicle of the insured against several types of incidents.


Motor Two-Wheeler Insurance Policy: Two Wheeler Insurance Policy covers vehicles which are used for social, domestic, personal and for professional purpose.


Motor Passenger Carrying Vehicles: This plan provides complete coverage to the vehicle which is used for carrying passengers.


Motor Good Carrying Vehicle: This policy covers vehicles used for carrying goods or used by the insured, insured's employees for such purposes.


Motor Misclleaneous Vehicles: It provides coverage on the vehicles which are used by insured or insured’s employees for definite purposes.


Others Plans of Universal Sompo General Insurance Company Limited
-Motor Insurance
-Commercial
-Bancassurance



Premium Comparison of Top 5 Companies With Universal Sompo General Insurance Company Limited




Company Name 2013 2014
ICICI Lombard General Insurance Company Limited27063214
Bajaj Allianz General Insurance Company Limited23992700
IFFCO Tokio General Insurance Company Limited15851762
Shriram General Insurance Company Limited15171481
Reliance General Insurance Company Limited12921445
Universal Sompo General Insurance Company Limited291232



Contact Address

Universal Sompo General Insurance Company Limited

Unit No 401, 4th Floor,

Sangam Complex, 127,

Andheri Kurla Road,

Andheri {E), Mumbai 400 059

contactus@universalsompo.com

Tel.No. 022-29211800 , Fax No.- 022 -29211844


Latest Universal Sompo Insurance News

Insurers Object to IRDA’s Limits On Parking FDs In Promoter Banks

12 October, 2015: Insurance firms promoted by banks have unanimously lobbied against the regulatory authority barring them from parking fixed deposits (FDs) and certificate of deposits with promoter banks. Currently, insurance companies are allowed to invest a maximum of 5 percent of their investible funds with promoter banks and the industry leaders have recommended the

Read More...

Monday October 12, 2015

Universal Sompo to hire 5000 agents

Universal Sompo General Insurance Company is planning to expand its agent-network. Though increasing the penetration was the idea of the authority regulating the sector, a few of the insurance firms have started their operations to sell their products through a bank network, but Universal Sompo, on the other hand is also considering to strengthen its

Read More...

Thursday August 14, 2014

Reliance and Sompo book net profit

After five years of its operations, private general insurance company Universal Sompo has posted net profits first time in the last year. Sompo is not the only company like this. Even Reliance General Insurance company posted net profit this year. In the preceding year, Reliance General Insurance had booked a net loss of Rs 93

Read More...

Tuesday July 08, 2014

Insurers Object to IRDA’s Limits On Parking FDs In Promoter Banks

12 October, 2015: Insurance firms promoted by banks have unanimously lobbied against the regulatory authority barring them from parking fixed deposits (FDs) and certificate of deposits with promoter banks. Currently, insurance companies are allowed to invest a maximum of 5 percent of their investible funds with promoter banks and the industry leaders have recommended the

Read More...

Monday October 12, 2015

Universal Sompo to hire 5000 agents

Universal Sompo General Insurance Company is planning to expand its agent-network. Though increasing the penetration was the idea of the authority regulating the sector, a few of the insurance firms have started their operations to sell their products through a bank network, but Universal Sompo, on the other hand is also considering to strengthen its

Read More...

Thursday August 14, 2014

Reliance and Sompo book net profit

After five years of its operations, private general insurance company Universal Sompo has posted net profits first time in the last year. Sompo is not the only company like this. Even Reliance General Insurance company posted net profit this year. In the preceding year, Reliance General Insurance had booked a net loss of Rs 93

Read More...

Tuesday July 08, 2014

Insurers Object to IRDA’s Limits On Parking FDs In Promoter Banks

12 October, 2015: Insurance firms promoted by banks have unanimously lobbied against the regulatory authority barring them from parking fixed deposits (FDs) and certificate of deposits with promoter banks. Currently, insurance companies are allowed to invest a maximum of 5 percent of their investible funds with promoter banks and the industry leaders have recommended the

Read More...

Monday October 12, 2015

Universal Sompo to hire 5000 agents

Universal Sompo General Insurance Company is planning to expand its agent-network. Though increasing the penetration was the idea of the authority regulating the sector, a few of the insurance firms have started their operations to sell their products through a bank network, but Universal Sompo, on the other hand is also considering to strengthen its

Read More...

Thursday August 14, 2014

Reliance and Sompo book net profit

After five years of its operations, private general insurance company Universal Sompo has posted net profits first time in the last year. Sompo is not the only company like this. Even Reliance General Insurance company posted net profit this year. In the preceding year, Reliance General Insurance had booked a net loss of Rs 93

Read More...

Tuesday July 08, 2014

Insurers Object to IRDA’s Limits On Parking FDs In Promoter Banks

12 October, 2015: Insurance firms promoted by banks have unanimously lobbied against the regulatory authority barring them from parking fixed deposits (FDs) and certificate of deposits with promoter banks. Currently, insurance companies are allowed to invest a maximum of 5 percent of their investible funds with promoter banks and the industry leaders have recommended the

Read More...

Monday October 12, 2015

Universal Sompo to hire 5000 agents

Universal Sompo General Insurance Company is planning to expand its agent-network. Though increasing the penetration was the idea of the authority regulating the sector, a few of the insurance firms have started their operations to sell their products through a bank network, but Universal Sompo, on the other hand is also considering to strengthen its

Read More...

Thursday August 14, 2014

Reliance and Sompo book net profit

After five years of its operations, private general insurance company Universal Sompo has posted net profits first time in the last year. Sompo is not the only company like this. Even Reliance General Insurance company posted net profit this year. In the preceding year, Reliance General Insurance had booked a net loss of Rs 93

Read More...

Tuesday July 08, 2014