Universal Sompo General Insurance Company Limited is a rapidly growing general insurance company. It is a joint venture between Indian banks (Allahabad Bank, Karnataka Bank and Indian Overseas Bank), Dabur Investments, and a Japanese insurance company. The company was founded in 2007 and has its headquarters in Mumbai. Two-wheeler insurance plans of the company fall under the category of Motor Insurance. Universal Sompo provides highly affordable two-wheeler insurance plans that cover all the two-wheeler's damages like a champ.
Third-party liability cover
Up to 7.5 lacs
Claim settlement ratio
There are two ways to renew your Universal Sompo Two-wheeler Insurance- either through PolicyX.com or through the official website of the company. Let's discuss them in detail.
To assist customers in the hour of need, the company offers great benefits which are mentioned below.
7-Day Claim Settlement: The company settles the claim in 7 days if all the documents and related information are submitted and have been approved by the Universal Sompo officials.
24/7 Claim Assistance: Universal Sompo customer care is always available to guide the customer through their queries no matter what time the clock is showing. You can easily communicate by calling on the toll-free number.
Long-term Coverage: Universal Sompo has designed long-term two-wheeler insurance to provide 2-3 years of security to the two-wheeler and liberate the customer from the duty of frequently renewing their policies.
The company provides a wide range of add-on covers that allow you to enhance the basic cover at nominal prices. Below is the list of such add-ons for your reference.
Nil Depreciation Cover: With this cover, the company will waive off the depreciation while paying the claim.
Return To Invoice: If the insured two-wheeler has been stolen or completely destroyed in an accident, the complete purchase value of the two-wheeler is paid to the owner.
Daily Cash Allowance: A daily cash will be allotted to the insured for daily commute if the two-wheeler is in the garage for repair. Compensation for a maximum of 7 days is given. For theft cases, cash is given for 10 days (maximum).
Loss of Driving License/RC: If you lose your current driving license, the company will pay Rs. 500 for the procurement of the new or duplicate driving license and registration certificate.
Additional Accidental Injury Compensation For Owner-driver: Get adequate coverage up to 8 lacs against the risks of assault or any other accidental injury leading to Death/Permanent total disability when travelling in the insured two-wheeler.
PA Benefit For Owner: This cover will provide a financial cover that will protect you from accidental death/permanent disability or normal bodily injuries, whether you are travelling in your two-wheeler or someone else's vehicle.
Accidental Hospitalization Cover For The Family: If your family is travelling with you on the insured two-wheeler and met with an accident, the cost of inpatient treatment will be borne by the insurer on a reimbursement basis.
Hospital Daily Cash: A daily cash amounting to Rs. 2000 (for maximum 30 days) is given to the injured two-wheeler owner for in-patient hospitalization. This is applicable when the injury is caused by accidents.
Additional Accidental Injury Compensation (Family): This insurance cover will ensure financial safety against accidental death or permanent/partial disabilities happening to the family of the insured two-wheeler owner.
Accidental Hospitalization Clause For Family: This add-on offers reimbursement of inpatient hospitalization expenses incurred for accidental injuries suffered while travelling in the insured two-wheeler only.
Child Education Support Clause: This add-on will pay for the education fee of the insured's child/children in case where the owner of the insured two-wheeler meets with accidental death or permanent total disability.
Cost of Consumables: The cost of consumables (screws, nuts, bolts, brake oil, lubricants, and grease) that is excluded in the basic package is covered under this add-on.
Roadside Assistance: The roadside assistance program will help the two-wheeler owner during the breakdowns by providing facilities like Towing assistance, Puncture repair, Cab Service, Fuel Delivery, accommodation and Vehicle Key Lock Out.
Engine Protector: The heart of the two-wheeler (engine) will be protected from water ingression due to heavy rains/floods/cyclones and also from leakage of lubricating oil causing damage to engine gears, differential parts.
NCB Protector: It doesn't matter how many claims you made in a year, the NCB percentage will remain unaffected and will not get minimized under this cover.
There are a few factors that you should know, which can affect your premium amount. Some key factors are listed below-
Let's have a look at a few premium samples for better understanding.
Bajaj Platina 100 cc
Royal Enfield Thunderbird ABS 346cc
Suzuki Intruder FI- 154cc
Rs. 1,389, 00
*The values are calculated on the basis of the city (Gurgaon) and year of registration (2020).
Tollfree: 1800 22 4030 I 1800 200 5142
Email id: firstname.lastname@example.org
Registered address: Universal Sompo General Insurance Company Ltd., Plot No - EL-94, KLS Tower, TTC Industrial Area, MIDC, Mahape, Navi Mumbai 400710.
Contact number: 1800-4200-269/1800-4203-180
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.
Yes, obviously. The policy is not specific to one region or city. Universal Sompo will cover accidents regardless of where it has happened across India.
The surveyor will come directly to the workshop where the two-wheeler is submitted for repairs. In the case of the spot survey, the surveyor will come directly to the spot where the incident has taken place.
Universal Sompo offers two types of two-wheeler insurance plans- Two-wheeler Insurance and Two-wheeler Long-Term Package Policy.
Here are some of the advantages of choosing the long-term two-wheeler insurance policy:
Last updated on 06-07-2020