Universal Sompo Personal Accident
Universal Sompo Personal Accident
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Universal Sompo Personal Accident Insurance

Universal Sompo General Insurance Co. Ltd. is a public-private partnership company, which is a joint venture between Indian Overseas Bank, Indian Bank, Karnataka Bank Ltd., Dabur Investment Corporation, and Sompo Japan Insurance Inc. It is headquartered in Mumbai, India, and offers an extensive list of general insurance products to its customers including motor, health, commercial, bancassurance, and others.

To help individuals from paying hefty medical expenses against accidental treatments, the company offers Universal Sompo Personal Accident Insurance that creates a financial bubble around the policyholders and their families.

Universal Sompo Personal Accident Insurance Plans

1. Individual Accident Policy

The Universal Sompo Individual Accident Policy offers compensation to you and your family in case of death or disability (permanent and temporary) caused by an accident.

Features of Universal Sompo Individual Accident Policy

Mentioned below are some of the key features of the Individual Accident Policy:

  • If an accident results in death or permanent total disablement, the insurance company will offer compensation equivalent to the full capital sum insured.
  • The insurance policy offers coverage (Rs.2500 or 1% of SI, whichever is lower) to carry the dead body of the insured to his/her home, including funeral charges.
  • Policyholders can avail coverage for ambulance charges (maximum Rs.1000) for transportation of insured to hospital, thanks to the accident.
  • Policyholders can extend their cover under the comprehensive cover policy (medical expenses extension and hospital confinement allowance) by paying an additional premium.

Eligibility Criteria

Entry Age5-65 years
Policy Period1 year

The values may change as per the applied condition.

2. Janata Personal Accident Insurance

The Janata Personal Accident Insurance policy is designed to offer financial protection to employees of a firm/company and members of an association/club, NGO's, SHG's, Kisan Credit Card Holders, etc.

Fetures of Janata Personal Acacident Insurance

Given below are some of the important features of Janata Personal Accident Insurance:

  • In case of an accident resulting in death or permanent total disability, the insurance company will offer compensation equivalent to the full capital sum insured.
  • Policyholders can avail of a group discount for more than 25 members.
  • The policy offers an on-duty cover discount of up to 25% on the basic premium to the insured.
  • The policy also offers an off-duty cover discount of up to 50% on the basic premium to the insured.

Eligibility Criteria

Entry Age5-65 years
Policy Period18 year or above

3. Group Personal Accident

The Universal Sompo Group Personal Accident offers compensation against unforeseen incidents caused to you and your employees/members. Also, this policy can be extended to offer coverage to the dependent children/parents of your employees.

Fetures of Group Personal Accident

Given below are some of the important features of Universal Sompo Group Personal Accident:

  • The insurance policy offers coverage (Rs.2500 or 1% of SI, whichever is lower) to carry the dead body of the insured to his/her home, including funeral charges.
  • Coverage for ambulance charges (maximum Rs.1000) for transportation of insured to hospital after meeting with an accident.
  • The policy provides an education fund to the insured's dependent children (up to 2) if (s)he dies or becomes permanently disabled because of an accident.
  • The policy also covers the cost of clothing (maximum Rs.1000) damaged in an accident.

How can I buy Universal Sompo Personal Accident Insurance?

Follow the below-mentioned steps to purchase Universal Sompo Personal Accident Policy:

  • Visit the official website of Universal Sompo General Insurance.
  • Click 'Products' and then click 'Health'.
  • Scroll down to find 'Individual Accident Policy' available on the left-hand side of the page.
  • Tap on 'Buy Now' to proceed further.
  • Enter the details and check the premium amount.
  • Pay the premium amount and you will receive a notification on your registered email id and mobile number.

Note: To buy Janata and Group accident insurance, contact the nearest branch of the company.

How can I claim for Universal Sompo Personal Accident Insurance?

You are required to follow the below-mentioned steps to file a claim for Universal Sompo Personal Accident Insurance:

Intimate about the claim to the nearest office of Universal Sompo or call a toll-free number (1800-22-4030).

The company representatives will get in touch with you and help in further processing of claims. You are required to furnish certain details while intimating claims-

  • Your contact numbers
  • Policy number
  • Name of the insured person
  • Date & Time of accident
  • Place of accident
  • Brief description of the incident
  • Place & contact details of the insured

Post verification, you will receive the claim amount in your registered bank account.

Universal Sompo Personal Accident Insurance : FAQ's

  • Duly filled original Claim Form
  • Policy copy
  • Claim Intimation
  • FIR-Attested or Original
  • Death Certificate
  • Post Mortem report
  • Final Police Report/Original Panchnama
  • Confirmation of coverage letter
  • Diagnostic reports
  • Termination letter for claim under "Loss of Employment"
  • Certificate from government hospital doctor confirming the nature and degree of disability
  • Others requested by the company
  • Suicide or attempted suicide
  • Self-inflicted injury
  • Loss under the influence of drugs or alcohol
  • Accidents due to nervous or mental disorders
  • Loss due to participating in actual or attempted felony, riot, crime, or civil commotion
  • HIV and or related illness
  • Committing breach of law with criminal intent

Yes, the company allows you to do the same without any issues.

Last updated on 19-11-2020