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Since the childhood, what we fear the most is losing our loved ones. But no matter how much we try, we cannot control the time. Solution for this uncertainty is the Personal Insurance. A Personal Accident Insurance Plan protects the individual and his or her near and dear ones in the hour of mishaps if there is an injury or death because of an accident. Accidents scatter the families not only financially but also emotionally. In the hour of need, you have no one to look at, and everyone only talks without any actual concern. Universal Sompo General Insurance Company Ltd. Is a joint venture between the well renowned Indian Banks – Indian Overseas Bank, Karnataka Bank and Allahabad bank and Japanese insurance company – the Sompo Japan Nipponkoa Insurance Inc. along with the Dabur Investments.
The Universal Sompo Company is leading insurance company in Japan and provides property and casual insurance also, in India it has its headquarters at Mumbai. Universal Sompo General Insurance Company Limited got the Certificate of Registration from the Indian Regulatory and Development Authority (IRDA) in the year 2007. Universal Sompo Personal Accident Plan provides you and your family a cover against the unseen accidents, injuries and financial crisis out of them. Anyone who is from5 yrs to 65 yrs can enjoy the benefit of the policy and there is no maximum renewal age under the
The Company received the Licence and Certificate of Registration from IRDA in November 2007. The joint venture has been capitalized with shareholders’ funds of over 435.80 cr. including share premium. Three of the Indian partners are leading banks with a combined asset base of Rs. 92,602 crores and over 4000 branches and distribution centers. Plus the 4th largest FMCG Company in India with over 15 million retail outlets. Sompo Japan Insurance Inc.
The company sells its effective plans through the online medium as well. with it you will be able to save your time and money as well. Universal Sompo Personal Accident Plans
Universal Sompo Personal Accident Plans cover the policy holder against all the up and downs which are the major injuries to minor and even death. Universal Sompo Personal Accident Plan provides three different options to choose as per the security required and situation. Following are the three plans –
Any injury that is caused because of participation in some speed motor events is not covered under any policy.
If the policy holder is travelling in some dully licenced aircraft and not in a charter aircraft or in recognized airlines, then any injury or death is not provided any policy plan.
Damages that are caused out of some bombardment, missiles or any explosives as an act of terrorism are not provided any compensation.
Injury, death or permanent disablement because of any act of foreign enemy, war, civil rebellion, riot, and revolution is excluded from the Universal Sompo Personal Accident Plan.
Natural reason of death are not covered in the Accidental policy of Univeral Sompo.
Any injury while breaching the law of constitution of India with some criminal intent is not provided any Personal Accident Plan shield.
No cover is provided for pregnancy including miscarriage, abortion, child birth or any type of medical hospitalization and medication expense.
If the policy holder is suffering from any type of venereal or sexually transmitted diseases like AIDs, then he or she is not provided any cover.
Any injury or death of the policy holder because of the consumption of alcohol is not covered under any policy. Any drugs that is not prescribed by any medically legal doctor causing death and injury to the policy holder is also excluded from the policy.
Death or loss due to any hazardous sports and activities like bungee jumping, sky diving, scuba diving, hunting sports are not covered under any policy claim.
The policy reimburses the transportation cost of the policy holder.
One can cover his or her children and spouse under the policy as the Personal Accident Plan are flexible.
If the policy is renewed within 7 days before the expiry date, a loyalty discount of 5% is given in the first year and then it increases by 10% in the second year and 15% in the third year.
The comprehensive cover which covers the death, permanent total disablement, permanent partial disablement and temporary total disablement.
The policyholder can choose from an 2 optional plan as an extension of the increased coverage.
For the loyal cuto,mers there is a cumulative bonus which we provided.
The policy holder has to give a notice via a call to the Univeral Sompo call center just after the situation and after that, he or she has to inform the same in writing to the policy issuing office.
If the hospitalization of the policy holder is at the known – network hospital, then initially the policy holder has to make the payment which will be claimed on submitting the relevant bills and documents regarding expense. Cashless benefits are entertained at the hospitals which are under the Universal Sompo Personal Insurance Plan.
All the evidence, certificates, and information from the medical practitioner have to be provided by the policy holder.
One has to provide the vivid explanation and description of the medical treatment undertaken by the policy holder and the causes for the same within 7 days.
The document provided can be the reason of the acceptance or the rejection of the claim.
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