Universal Sompo General Insurance Company is formed as a joint venture between leading five leading companies which include Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Sompo Japan Nipponkoa and the Dabur Group. Each of these stakeholders enjoys a good market reputation and while four stakeholders are leading Indian companies, Sompo Japan Nipponkoa is a Japan-based insurance company. Together they create Universal Sompo General Insurance Company which is a general insurance company offering different types of general insurance policies.

Facts about Universal Sompo General Insurance Company

Here are some facts about Universal Sompo General Insurance Company which are worth knowing –

  1. General insurance products offered by the company are not only meant for retail individuals but also for corporates and the rural population of India
  2. The company’s vision is to become the market leader in the general insurance segment and the company aims of doing so by winning the trust of customers through efficient services
  3. The company has more than 80 branches all over India and can be accessed easily

Awards and recognitions earned by Universal Sompo General Insurance Company

Here is a look at some of the awards which Universal Sompo has received ever since it began operations in the general insurance field –

  1. The company won the award for Personal Line Broking Initiative of the Year 2016-17 conferred by ABP News channel at its BFSI Awards Ceremony.
  2. For the financial year of 2016-17, Universal Sompo won the “Fintelekt-Insurance awards 2017” for its effective claim service in the general insurance industry.
  3. Universal Sompo General Insurance Company won “Best Customer Service Provider of the Year 2016” Award at the popular 2nd Annual India Insurance Summit & Awards.

Why choose Universal Sompo General Insurance Company?

Here are some of the reasons why Universal Sompo General Insurance products prove ideal for your insurance needs –

  1. The company has settled more than 90% of its claims making it a trustworthy company when it comes to claim settlements 
  2. The company is tied-up with more than 4000 hospitals across India so that its health insurance plans can offer easy cashless claim settlements
  3. For motor insurance policies, Universal Sompo has tie-up with more than 3500 garages in India so that you can easily get cashless repairs done on your vehicles
  4. There are a range of 135 insurance plans offered by Universal Sompo and each plan is approved by the Insurance Regulatory and Development Authority of India (IRDAI)

Insurance products offered by Universal Sompo General Insurance Company

Universal Sompo General Insurance Company offers different types of general insurance plans. Let’s have a look at the different plans which the company offers –

Universal Sompo Motor Insurance Plans

Motor insurance policies are those which are taken out on a vehicle whatever be the type of vehicle that you have. These policies are essentially meant to cover third party interests in case of accidents in which third parties face any loss. Motor insurance policies are mandated under the Motor Vehicles Act, 1988 and so Universal Sompo offers different types of motor insurance plans to fulfil the legal requirements of the Act. 

The different types of motor insurance policies offered by Universal Sompo General Insurance Company are as follows –

1. Universal Sompo Motor Private Car Policy 

This policy is available for privately owned four-wheelers which are used for personal or professional use. The policy covers third party legal liabilities which you face if any third party suffers any type of loss due to an accident. Moreover, coverage is also allowed for damages suffered by the car itself due to natural or man-made causes. There is also a compulsory personal accident cover for the owner/driver of the car which covers accidental deaths and disablements. Other features of the policy are as follows –

  • Four types of optional extensions are available with the plan if you pay an additional premium
  • There are different types of add-ons too which help you in increasing the scope of coverage of your policy. Additional premiums are payable even for the add-ons some of which include nil depreciation cover, return to invoice, daily cash allowance, key replacement, engine protector, NCB protector, etc.
  • No claim bonus is allowed under the policy if you do not make claims in a policy year. You can earn a bonus of up to 50% by not making claims for five successive policy years. This bonus gives you a premium discount when the policy is renewed
  • There are other types of discounts which are available under this plan so that your premiums can be reduced by the maximum possible extent

2. Universal Sompo Motor Two Wheeler Insurance Plan

This policy is designed for covering two-wheelers used for personal or professional needs. This is a comprehensive policy which covers third party legal liabilities as well as the damages suffered by the bike due to natural and man-made reasons. The salient features of the plan include the following –

  • There is a personal accident cover for INR 15 lakhs for the owner or driver of the two-wheeler. This cover pays a lump sum benefit in case of accidental death or permanent disability suffered by the insured
  • Personal accident cover for pillion riders, loss of accessories and legal liability to paid driver or other employees can also be added to the coverage by paying additional premiums
  • Being a comprehensive cover the policy also allows you to choose different add-ons to enhance the scope of coverage of your policy. Some of the popular add-ons which are available with the plan include nil depreciation cover, return to invoice, hospital daily cash, cost of consumables, engine protector, NCB protector, roadside assistance, etc.
  • There is a range of premium discounts available under the plan which include a discount for no claim bonus, choosing a voluntary deductible, installing anti-theft devices, etc.

3. Universal Sompo Motor Passenger Carrying Vehicles Plan

This policy is designed for commercial vehicles which are used for carrying passengers in exchange for a fare or a reward. Such vehicles can be cabs, auto-rickshaws, bus, etc. This is a comprehensive policy which covers third party legal liabilities as well as the damages suffered by the vehicle itself. The features of the plan are as follows –

  • A personal accident cover for the driver of the vehicle is inbuilt under the plan
  • Personal accident cover for passengers, loss of accessories and an increased liability cover for workmen can also opt under the plan as optional extensions. An additional premium would have to be paid for each extension that you choose
  • If no claims are made under the plan, you can earn a no claim bonus and receive a discount when the policy is renewed
  • There are other types of premium discounts too which help in lowering the premium rate

4. Universal Sompo Motor Goods Carrying Vehicle Plan

This policy is meant for trucks, lorries and other vehicles which are engaged in carrying goods for commercial purposes. The policy is a comprehensive policy covering third party liability and the damages suffered by the vehicle. The features of the plan are as follows – 

  • There is a personal accident cover for the owner or driver of the vehicle which pays a benefit in case of accidental death and permanent disablement 
  • Personal accident cover for occupants can be chosen as an extension with the plan by paying an additional premium
  • No claim bonus is allowed which reduces the renewal premium when you don’t make claims in a policy year
  • If you choose a restricted area for using the vehicle, you can enjoy a premium discount

5. Universal Sompo Motor Miscellaneous Vehicles Plan

This policy is designed for vehicles which are used for special purposes either by the vehicle owner or his/her employees. The policy covers both third party liability and the damages suffered by the vehicle itself. The features of the plan are as follows –

  • There is an inbuilt personal accident cover meant for the owner or driver of the vehicle
  • You can extend the policy to provide personal accident cover to the occupants of the vehicle too
  • Loss of electronic and non-electrical accessories can also be covered as an extension 
  • There is a no claim bonus discount if no claims are made in the last policy year (s)

6. Universal Sompo Two Wheeler Long Term Package Policy 

This is a comprehensive two-wheeler insurance plan which is offered for a long term period. The policy covers the damages that the bike suffers due to natural or man-made causes. Third-party legal liability is also covered by the plan. Moreover, there is a personal accident cover of INR 15 lakhs which protects against accidental death and disablement. The features of the plan are as follows –

  1. You can buy the policy for two or three years
  2. The third-party premium remains fixed over the coverage duration that you select
  3. You get a premium discount of 5% or 10% for choosing a long term coverage
  4. You get an incremental no claim bonus even if you make a claim under the plan

Universal Sompo Health Insurance Plans

Health insurance plans are very important because they give financial assistance at times of medical emergencies. Since medical expenses have become unaffordable, a health insurance policy proves to be beneficial in covering these expenses. Universal Sompo General Insurance Company offers different types of health insurance plans which are as follows –

1. Universal Sompo Complete Healthcare Insurance Plan

This is a comprehensive health insurance plan which pays your hospitalisation costs when you are hospitalised. You can choose an individual coverage policy or a family floater plan. The features of the plan are as follows –

  1. There are three types of plans – Basic, Essential and Privilege
  2. Dental treatments due to accidental injuries are covered under the plan
  3. An allowance is paid for accompanying a minor child to the hospital
  4. OPD expenses are also covered under the plan
  5. Maternity coverage and newborn baby cover are inbuilt under the plan
  6. There are five types of optional coverage benefits which can be chosen for an enhanced coverage 
  7. Coverage is allowed for HIV/AIDS patients
  8. The sum insured is restored if it is exhausted in a policy year
  9. Eligibility conditions of Universal Sompo Complete Healthcare Insurance Plan

    Entry age 

    Adults – 18 years to 70 years

    Dependent children – 91 days to 25 years

    Dependent children under floater policy – 1 day to 25 years

    Term of the plan

    1 year to 3 years

    Members covered

    Self, spouse and up to 4 dependent children

    Sum insured 

    INR 1 lakh to INR 10 lakhs

2. Universal Sompo Individual Health Insurance Plan

This is an indemnity insurance policy which covers health costs and is offered on an individual sum insured basis. You can take the plan for yourself and even for your family members. The features of the policy are as follows –

  1. Domiciliary treatments are also covered under the plan
  2. Critical illness cover is available with the plan which can be taken by paying an additional premium
  3. Eligibility conditions of Universal Sompo Individual Health Insurance Plan

    Entry age 

    Up to 55 years

    Sum insured 

    Up to INR 5 lakhs

3. Universal Sompo Group Health Insurance Policy 

This is a group health plan which covers the members of a group under a single master policy. The plan has the following features –

  1. The policy can also be availed to cover the family members of the insured individual
  2. Domiciliary treatments are covered if such hospitalisation exceeds three continuous days
  3. A range of add-on coverage benefits is available which include critical illness cover, maternity cover, hospital daily cash, etc.
  4. Eligibility conditions of Universal Sompo Group Health Insurance Policy 

    Sum insured 

    Up to INR 5 lakhs

4. Universal Sompo Individual Accident Policy 

This is a fixed benefit personal accident insurance plan which pays a lump sum benefit if the insured suffers from accidental death or disability. The features of the policy are as follows –

  1. There are three types of coverage variants – Basic, Wider and Comprehensive. Coverage depends on the type of coverage option that you choose
  2. Transportation costs, ambulance costs, cost of clothing, loss of employment and education fund coverage benefits are also available under the policy
  3. Policy extensions can be taken for covering medical expenses and hospital confinements in case of accidental injuries
  4. Eligibility conditions of Universal Sompo Individual Accident Policy

    Entry age 

    5 years to 75 years

    Term of the plan

    1 year 

    Sum insured 

    Basic cover – 10 times the annual income

    Wider cover – 5 times the annual income

    Comprehensive cover – 5 times the annual income

    Maximum limit – INR 5 lakhs

5. Universal Sompo Janta Personal Accident Insurance Plan

This is a personal accident policy meant only for employees of a company, club members, deposit account holders of banks, members of co-operative societies, NGOs, etc. and members of BPL and APL societies. The features include the following –

  1. The policy covers accidental deaths and permanent disablements
  2. Different types of premium discounts are available to reduce the premium rates and make them more affordable 
  3. Eligibility conditions of Universal Sompo Janta Personal Accident Insurance Plan

    Entry age 

    5 years to 65 years

6. Universal Sompo Group Personal Accident Policy 

This is a group personal accident plan which covers a group of members against accidental eventualities. The policy’s features are as follows –

  1. There are three coverage variants of Basic, Wider and Comprehensive 
  2. Temporary total disability is covered under Comprehensive coverage variant in which a percentage of the sum insured is paid weekly 
  3. A range of optional coverage extensions are available under the policy to make the coverage more comprehensive

7. Universal Sompo Aapat Suraksha Bima Policy 

This is a comprehensive fixed benefit health insurance plan which covers different types of contingencies and pays a lump sum benefit in case of claims. The plan’s salient features are listed below –

  1. Five critical illnesses are covered under the plan
  2. Accidental death and permanent total disability are also covered under the policy
  3. The sum insured is paid in a lump sum if the insured suffers from any covered critical illness or faces death and disability due to an accident

8. Universal Sompo Loan Secure Insurance Policy 

This is a comprehensive insurance policy designed for borrowers so that the burden of their loan does not fall on their families in case of unforeseen emergencies. The benefits of the plan are as follows –

  1. 9 to 18 major illnesses are covered under the policy. If the insured is diagnosed with any of the covered illness and undergoes surgery, a lump sum benefit would be paid
  2. Personal accident cover is inbuilt under the policy which covers accidental death and permanent total disability
  3. If you lose your job, the plan covers the payment of three EMIs of the loan on your behalf 
  4. Home insurance cover is also allowed under the policy
  5. You can choose a uniform sum insured or a reducing sum insured which reduces with the reducing amount of your loan
  6. Discounts are also allowed under the policy which lowers the premium 
  7. Eligibility conditions of Universal Sompo Loan Secure Insurance Policy 

    Entry age 

    20 years to 50 years

    Renewability age 

    Up to 55 years

    Sum insured 

    Depends on loan amount

    Term 

    1 year to 3 years

9. Universal Sompo Hospital Cash Insurance Policy 

This is a fixed benefit health insurance plan which pays a lump benefit daily if you are hospitalised for 24 hours or more in any medical contingency. The features of the plan are as follows –

  1. Family members, like spouse and dependent children, can also be covered under the plan
  2. A daily allowance is paid on hospitalisation which doubles up if you are admitted to the ICU
  3. If the insured member is hospitalised for 21 days or more, a lump sum convalescence benefit of INR 10,000 would also be paid under the policy 
  4. Eligibility conditions of Universal Sompo Hospital Cash Insurance Policy 

    Entry age 

    Adults – 18 years to 70 years

    Dependent children – 6 months to 25 years

    Hospital cash benefit 

    INR 500 to INR 3000 per day

    Term 

    1 year 

    Pre-entrance medical check-ups

    Not required till 55 years of age

10. Universal Sompo Saral Suraksha Bima

This is a micro-insurance policy which provides the benefit of health insurance coverage to individuals living in the rural areas of India. The features of the plan are as follows –

  1. The policy covers five critical illnesses and pays a lump sum benefit if the insured is diagnosed with any covered illness
  2. Accidental death and permanent disablement are also covered under the plan
  3. Eligibility conditions of Universal Sompo Saral Suraksha Bima 

    Entry age 

    Adults – 18 years to 65 years

    Dependent children – 10 years to 25 years

    Sum insured

    INR 10,000 to INR 1 lakh

    Term 

    1 year 

    Premium

    Critical illness cover – 0.17% of the sum insured

    Personal accident cover – 014% of the sum insured

11. Universal Sompo Sampoorna Suraksha Bima

This is a micro-insurance plan which provides multi-faceted coverage benefits to people living in rural areas. The features of the plan are as follows –

  1. The home and its contents are insured against fire and other related perils
  2. Burglary and theft of household contents is also covered under the plan
  3. If the insured suffers accidental death or permanent total disability, a lump sum benefit would be paid by the policy
  4. Health insurance coverage is also allowed by the plan wherein the hospitalisation costs of the insured are covered

12. Universal Sompo Senior Citizen Health Insurance Policy 

This is a health insurance plan which covers senior citizens. The policy is an indemnity health plan which covers the actual costs of hospitalisation suffered by the insured. The salient features of the policy are as follows –

  1. A spouse can also be covered under the plan if he/she is a senior citizen 
  2. Domiciliary treatments are also covered under the policy
  3. Free health check-ups are allowed once after every three completed policy years
  4. In case of hospitalisation which exceeds 24 hours, a daily allowance benefit is also paid under the policy
  5. 1% of the sum insured is allowed to cover the expenses of an accompanying person if the insured is hospitalised 
  6. There is an optional critical illness rider which covers six major illnesses and pays the sum insured in a lump sum on diagnosis of any illness
  7. 5% of the sum insured is allowed to increase after every claim-free policy year
  8. There are two types of premium discounts which you can avail for lowering your premiums
  9. Eligibility conditions of Universal Sompo Senior Citizen Health Insurance Policy 

    Entry age 

    60 years to 70 years

    Term of the plan 

    1 year to 3 years

    Sum insured 

    INR 1 lakh to INR 5 lakhs

13. Universal Sompo Pravasi Bharatiya Bima Yojana

This insurance policy is designed for Indian individuals who leave India to settle abroad for work-related purposes. The features of the policy are as follows –

  1. The policy covers accidental death and disablement suffered by the insured anywhere in the world
  2. If the insured dies abroad, the cost of repatriation of mortal remains as well as the cost of return airfare of an attendant to bring back the remains of the insured would be covered
  3. Health insurance coverage is also allowed under the policy both for the insured and his/her family members
  4. In the case of women members, coverage is allowed for maternity expenses too
  5. In case of termination of employment, return airfare is also provided under the policy 
  6. Legal costs incurred on any lawsuit filed on the insured would be covered under the plan

14. Universal Sompo Surva Vidyarthi Bima Yojana

This policy is for students and covers the different types of risks that students face. The plan’s features are as follows –

  1. Personal accident cover is allowed under the plan under coverage section A which covers accidental death, permanent total and partial disability suffered by the student
  2. Death and disablement of the parent is also covered under the plan
  3. Different types of policy extensions are also available under the policy for a better scope of coverage 
  4. Medical cover and fire cover are also allowed under the plan under coverage sections B and C

15. Universal Sompo Swarna Gramin Bima Yojana – Individual Plan

This is a composite rural insurance policy which combines different types of coverage benefits under a single plan. The features of the policy are as follows –

  1. There are three coverage sections under the plan – A, B and C
  2. Section A covers accidental death and disablement of the insured while Section B covers specified critical illnesses. Section C pays a daily cash benefit if the insured is hospitalised due to an injury or sickness

16. Universal Sompo Swarna Gramin Bima Yojana – Group Plan

This is a group health insurance plan which pays fixed benefits in case of covered contingencies. The features of the plan are as follows –

  1. Three types of coverages are provided under the plan
  2. Fixed benefit is paid under all coverage benefits
  3. You get coverage for personal accident, critical illness and hospital cash benefit

17. Universal Sompo Critical Illness Insurance Policy 

This is a fixed benefit critical illness plan which covers specific critical illnesses that are named in the policy. The features of the policy include the following –

  1. The policy covers individuals on an individual sum insured only
  2. No pre-entrance health check-ups are needed until 55 years of age
  3. 11 critical illnesses are covered under the policy and you get the sum insured in a lump sum on diagnosis of any covered illness
  4. Eligibility conditions of Universal Sompo Critical Illness Insurance Policy 

    Entry age 

    Adults – 18 years to 65 years

    Dependent children – 5 years onwards 

    Term of the policy 

    1 year to 3 years

    Sum insured 

    INR 2.5 lakhs to INR 20 lakhs

Universal Sompo Commercial Insurance Plans

Commercial insurance plans are those which are bought by businesses and companies for protecting their finances from possible sources of risks. Universal Sompo General Insurance Company offers a range of commercial insurance policies which are discussed below –

1. Universal Sompo Farmer’s Package Policy 

This is an all-inclusive policy which is designed for the farmers of India. The policy protects farmers against possible financial risks suffered due to personal accident, fire and theft, loss of cattle, loss of agricultural equipment, etc. There are optional extensions too which are available at an additional premium like loss suffered due to terrorist activities, personal accident cover for family members, etc.

2. Universal Sompo Shopkeeper’s Insurance Policy 

This policy is designed for shopkeepers and covers the risks which are specific to them. Such risks include risk of fire to the building and contents of the shop, burglary or robbery, loss of money while in transit, damage to plate glass and neon sign, damage to electronic equipment, personal accident cover for the insured, etc.

3. Universal Sompo Jewellers Block Insurance Policy 

This policy is designed for jewellers and individuals dealing in jewellery and precious stones. The policy covers the loss of jewellery, cash, bullion or other things at the insured’s premises due to fire, theft and other related perils.

4. Universal Sompo Burglary Insurance Policy 

This policy protects different types of assets from the loss suffered due to burglary. You can buy this policy to cover stock, cash, valuables, etc. which are owned by you or held by you in trust or commission. The policy also allows additional coverage against theft, loss of personal belongings, removal of debris, etc.

5. Universal Sompo Employees’ Compensation Insurance Policy 

This policy provides coverage to the employees of business if they suffer an accidental death, disability or injury during the course of their employment. The policy is issued in accordance with the Workmen’s Compensation Act, 1923 which mandates businesses to have an insurance cover for the employment risks faced by their employees and workmen.

6. Universal Sompo Fidelity Guarantee Insurance Policy 

This policy covers the loss suffered by the insured individual due to embezzlement, forgery, larceny or frauds committed by his/her employees.

7. Universal Sompo Money Insurance Plan 

This policy protects against financial loss suffered when money is transported from one place to another. Money does not only include cash but also includes cash equivalents like banknotes, bank drafts, coins, cheques, treasury notes, current postage stamps, etc.

8. Universal Sompo Office Package Policy 

This is a comprehensive insurance policy which covers different types of financial losses suffered by an office. The coverage includes coverage against fire (building and contents), business interruption due to fire, burglary or robbery at the office premises, money insurance, damage to plate glass and neon sign, loss to electronic equipment, personal accident cover for the insured individual, breakdown of business equipment, public liability and fidelity guarantee.

9. Universal Sompo All Risk Insurance Policy 

 As the name suggests, this policy covers major risks faced by businesses. These risks include riots, fire, strikes, terrorism, theft, burglary, larceny and accidental damages.

10. Universal Sompo Standard Fire and Special Perils Policy 

This policy covers every type of movable and immovable assets held at an insured location. The loss suffered from the damage of such assets due to fire and other related perils is covered by the policy. A range of policy extensions is also available which can be taken to extend the scope of coverage by paying an additional premium.

11. Universal Sompo Marine Cargo Open Transit (Inland & Import/Export) Policy

This is a marine insurance policy which covers the loss suffered by goods being transported from one place to another during the course of transit. The policy covers transit by road, sea, rail, air or even couriers or parcels. 

12. Universal Sompo Machinery Breakdown Policy 

The policy covers the loss suffered when the machines break down and are unable to function. The breakdown can be due to faulty designs or operations, short circuit and other possible causes and the policy covers the cost of repairs of such machines.

13. Universal Sompo Electronic Equipment Insurance Plan

This policy specifically covers loss of electronic equipment due to accidental, sudden and unforeseen reasons. The policy can also be extended to cover express freight, air freight, third party liability, etc. on the payment of an additional premium.

14. Universal Sompo Contractors All Risk Insurance Plan

This is a comprehensive policy which covers the risks faced during construction projects. The damage suffered by the property during construction would be covered under the plan. The policy also offers a host of optional coverage benefits which can be selected by paying an additional premium.

15. Universal Sompo Erection All Risk Insurance Plan

This policy covers the loss suffered when a plant or machinery, which is being erected, suffers any type of damage. Optional coverage benefits are offered with the policy which can be selected at an additional premium.

16. Universal Sompo Boiler and Pressure Plant Insurance Plan

This insurance policy covers the risk of collapse, the implosion of the explosion of boiler and pressure plants and the financial loss suffered thereafter. Coverage for third party liability, additional customs duty, owners surrounding property, etc. can also be chosen by paying an additional premium.

17. Universal Sompo Industrial All Risk Insurance Plan

This policy is for industries which face risks due to fire and allied perils, theft and burglary as well as due to breakdown of machinery. The policy covers all these risks under one plan and provides a comprehensive scope of coverage.

18. Universal Sompo Public Liability (Act) Insurance Policy 

This policy is designed as per the provisions of the Public Liability Insurance Act, 1991 which specifies that individuals handling hazardous substances should opt for this cover. The policy covers third-party liability suffered by the insured if any individual dies or suffers physical injury or if any third party property is damaged due to the handling of hazardous substances.

19. Universal Sompo Public Liability (Industrial & Storage Risks) Plan

If any third party suffers bodily injury or property damage due to an accident at the insured’s premises during the course of business, the insured would be liable to compensate the third party for the financial loss suffered. This policy covers this compensation payable by the insured to the third party.

20. Universal Sompo Comprehensive Operational Large Risk Policy

This is a comprehensive commercial insurance policy meant for large companies which have a presence in more than one country. The policy covers all possible types of risks which the company might face due to its business operations.

Universal Sompo Bancassurance Plans

Bancassurance plans are those which are designed by the company for the customers of a particular bank. The plans are offered for the partner banks with which Universal Sompo has a tie-up. The Bancassurance plans offered by Universal Sompo General Insurance Company are as follows –

1. Universal Sompo Allahabad Bank Health Care Plus 

This is a health insurance plan offered by Universal Sompo for the customers of Allahabad Bank. The salient features of the policy are as follows –

  1. The policy is also available on a family floater basis covering the accountholder’s family under a single plan
  2. Inpatient hospitalisation expenses are covered under the policy
  3. Coverage is also available for maternity-related expenses 
  4. If minor children are hospitalised, a daily cash benefit would be paid for accompanying the child to the hospital
  5. Free health check-ups are allowed once after every three policy years
  6. Funeral costs are covered up to INR 1000 if the insured dies during the coverage tenure
  7. There are policy extensions too which are available at an additional premium for increasing the scope of cover
  8. Eligibility conditions of Universal Sompo Allahabad Bank Health Care Plus

    Entry age 

    Adults – 18 years to 65 years

    Dependent children – 3 months to 25 years

    Pre-entrance health check-ups

    Not required until 50 years of age

    Sum insured

    INR 50,000 to INR 5 lakhs

    Co-payment 

    20% of the claim if the insured is aged 55 years and above

    Term of the plan

    1 year

    Renewability age 

    Lifelong 

2. Universal Sompo K Bank Health Care Plus 

This policy is designed for the account holders of Karnataka Bank and comes with the following salient features –

  1. Even NRI customers of Karnataka Bank can enjoy coverage under the plan
  2. Coverage for inpatient hospitalisation and pre and post hospitalisation expenses is allowed under the policy
  3. The policy also covers maternity expenses incurred by female account holders of the bank
  4. Personal accident cover can opt under the policy as an extension cover at an additional premium
  5. Lifelong renewals are allowed under the plan
  6. Eligibility conditions of Universal Sompo K Bank Health Care Plus

    Entry age 

    Adults – 18 years to 65 years

    Dependent children – 3 months to 25 years

    Pre-entrance health check-ups

    Not required till 50 years of age

    Sum insured

    INR 50,000 to INR 5 lakhs

    Co-payment 

    20% of the claim if the insured is aged 55 years and above

    Term of the plan

    1 year

    Renewability age 

    Lifelong 

3. Universal Sompo IOB Health Care Plus Policy 

This health insurance policy is designed for the account holders of the Indian Overseas Bank. The policy has the following salient features –

  1. The policy covers inpatient hospitalisation costs incurred by the insured
  2. Free health check-ups can be availed once every 3 years
  3. Personal accident cover can opt as an optional cover under the policy
  4. Long term policy is also available 
  5. Eligibility conditions of Universal Sompo IOB Health Care Plus

    Entry age 

    Adults – 18 years to 65 years

    Dependent children – 1 day to 25 years

    Pre-entrance health check-ups

    Not required till 50 years of age

    Sum insured

    INR 50,000 to INR 15 lakhs

    Co-payment 

    20% of the claim if the insured is aged 55 years and above

    Term of the plan

    1 year to 3 years

    Renewability age 

    Lifelong 

Universal Sompo Miscellaneous insurance Plans

Miscellaneous insurance plans are those which offer specific insurance policies for a specific set of customers. The policies offered are as follows –

1. Universal Sompo Cattle Insurance Policy 

This policy covers cattle and livestock like cows, sheep, buffaloes, goats, etc. In case of death of the cattle during the term of the policy, the policy compensates the policyholder for the financial loss suffered. The policy covers death due to accidents as well as diseases, deaths due to riots and strikes as well as permanent disability suffered during the term of the plan.

2. Universal Sompo Householder’s Insurance Policy 

This policy is designed for homeowners and protects them against the loss of property suffered due to fire and allied risks, burglary theft or robbery, loss of plate glass, damage to electronic equipment, loss of jewellery, etc. This is, therefore, a comprehensive policy which not only covers the loss suffered by the building but also by the contents of the house.

How to buy Universal Sompo General Insurance Plans?

There are different ways of buying Universal Sompo General Insurance plans and you can choose any option which suits you. The different ways are as follows –

  1. Through the company’s office

    Universal Sompo General Insurance Company has a network of branch offices spread across India. You can find the office nearest to your home or office, go to the office and apply for the policy that you need. A simple proposal form would have to be filled for applying for the policy. After you fill and submit the form, the company would underwrite it and then issue the policy.

  2. Through the company’s agent

    Universal Sompo General Insurance Company also has a vast network of insurance agents who help you buy the policy that you need. You can find and contact any of the company’s agents to buy any policy. The agent would provide you with a proposal form which you would have to fill and submit. The agent, then, submits the form to the company and the company issues your policy after underwriting it.

  3. Online 

    Universal Sompo General Insurance plans are available online and you can easily buy any policy easily through the company’s website. This process of buying is simple and convenient as you don’t have to visit the branch physically or search for an insurance agent. Just visit https://www.universalsompo.com/Home/index and choose the insurance plan that you need. Fill up an online application form and submit it online. The company would underwrite the policy and issue it at the earliest. The premium for the policy would also have to be paid online.

    You can also buy Universal Sompo General Insurance plans online from Turtlemint. Turtlemint is partnered with Universal Sompo General Insurance Company and offers its health and motor insurance plans online. You would just have to visit www.turtlemint.com and select the type of policy that you need. Provide your coverage details and Turtlemint would calculate the premium payable and show you the plans available. Compare and choose the best policy, pay the premium online, fill up an online application form and the policy would be issued.

How to renew Universal Sompo General Insurance plans?

Renewal of Universal Sompo General Insurance policies can also be done in the three ways mentioned above. You can visit the branch of the company, pay the renewal premium and get the policy renewed. Alternatively, you can contact your insurance agent, deposit the premium with him/her and get the policy renewed. Lastly, you can even visit the company’s website for the renewal of your policy. Provide the policy number to check the details of your existing policy. If you want you can make changes to your existing plan. Pay the renewal premium online and the policy would be renewed instantly.

Turtlemint also allows online renewals of Universal Sompo General Insurance plans if you have bought the policy from Turtlemint’s platform. To renew through Turtlemint, log into your online account, choose the policy and hit ‘Renew’. Pay the renewal premium and the policy would be renewed instantly.

Modes of paying Universal Sompo General Insurance premiums

Premiums of Universal Sompo General Insurance plans can be paid through any of the below-mentioned ways –

  • Cash 
  • Cheque or demand draft
  • NEFT, RTGS or IMPS from your bank account
  • Auto debit from your bank account
  • Using your credit card or debit card
  • Through your mobile wallet
  • Through any UPI platform

How to make a claim under Universal Sompo General Insurance plans?

There are different claim processes for different types of Universal Sompo General Insurance plans. Here are two of the most common insurance plans and their claim process for your understanding –

  1. Motor insurance claim process of Universal Sompo General Insurance:
    • If your car or bike is damaged, inform the insurance company immediately of the loss 
    • The company would direct you towards the nearest preferred garage so that your claims can be settled on a cashless basis. Take your vehicle to the preferred garage for cashless claims
    • The surveyor of the company would visit the garage and assess the damage. The surveyor would, then, prepare a claim report and submit it to the company
    • The company would approve the claim based on the surveyor’s report after which the repairs on your vehicle would start
    • Once the repairs are done the company would settle the claim with the garage and you can take delivery of your vehicle
    • If you take your vehicle to a non-networked garage, claims would be settled on a reimbursement basis and you would have to pay the repair costs yourself
    • In the case of third party claims, the claim would be taken to the motor accidents tribunal. The company would then compensate the third party based on the judgement passed by the tribunal
    • In case of theft of the vehicle, the police would try and locate the vehicle. If they fail to do so, a non-traceable certificate would be issued by the police. The insurance company would then settle the claim
  2. Health insurance claim process of Universal Sompo General Insurance:
    • You have to inform Universal Sompo General Insurance company whenever a claim occurs
    • For cashless claims, a pre-authorization form is required to be filled. You should submit this form to the company either 3-4 days before a planned hospitalisation or within 24 hours of an emergency hospitalisation
    • Based on the pre-authorization form submitted, the insurance company would approve your cashless claims
    • You would, then, be able to avail cashless treatments and the medical bills would be paid by the insurance company
    • If you are treated at a non-networked hospital, you would have to get the claim reimbursed. In such cases, you would have to pay your medical bills yourself when you are hospitalised and the claim would be reimbursed after you are discharged.

Company address and contact information

If you need to reach Universal Sompo General Insurance Company for any query, complaint or feedback, you can contact the company through the below-mentioned ways- 

  1. You can write to the company at its registered address which is Universal Sompo General Insurance Company Limited, Plot No – EL-94, KLS Tower, TTC Industrial Area, MIDC, Mahape, Navi Mumbai 400710
  2. You can call the customer care helpline number of the company anytime that you want. The numbers are 1800 22 4030, 1800 200 4030, 022 – 2763 9800, 022 – 39133700. For health insurance plans, the numbers are 1800 200 5142 and 022 – 3963 5200.
  3. You can also send a fax to the company at the number 1800 200 9134

Emails, for any type of queries, can be sent to contactus@universalsompo.com. For claim related queries, emails can be sent to contactclaims@universalsompo.com


FAQ’s

Yes, a car insurance policy is a mandatory requirement for your car if you want to drive your car in India. You need a third party insurance coverage on the car which is mandatory and it protects you against third party liabilities. However, a comprehensive car insurance policy is better as it also offers financial coverage if your car itself suffers damage and undergoes repairs.


An indemnity health insurance plan is one which covers the actual medical costs which you incur when you are hospitalised. An indemnity health plan would cover the actual costs subject to a maximum of the sum insured of the policy.


Yes, health insurance plans can be switched from one company to another. This is called porting and it is allowed when the plan is up for renewal. To port, you would have to inform your existing insurance company of porting and also inform the insurance company whose plan you would port to. Porting is simple and also free of cost.

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