Universal Sompo General Insurance Co. Ltd. is a joint venture between two leading nationalized banks, Indian Overseas Bank, Allahabad Bank, Karnataka Bank, Dabur Investments, and a Japanese insurance giant, Sompo Japan Insurance Inc.
Universal Sompo Car Insurance provides coverage for damages caused to the insured car due to accidents, theft, natural calamities, and man-made disasters. The policy also provides personal accident cover for the owner-driver and passengers.
With its customizable add-ons, the policy can be tailored to suit the specific needs of the policyholder. The policyholder can choose from a range of add-ons, including zero depreciation cover, engine protection cover, roadside assistance cover, and others.
Universal Sompo Car Insurance can be purchased and renewed online, making it convenient for policyholders to manage their policy from the comfort of their homes.
The company's dedicated customer support team ensures that the policyholders have a hassle-free experience while purchasing, renewing, or making a claim on their car insurance policy.
Universal Sompo Car Insurance offers a host of key features and benefits that make it a top choice for car owners in India.
One of the most notable features is the ease of documentation and low processing fees. This means that you can get your insurance policy without any hassle and at a reasonable cost.
The insurance policy from Universal Sompo also comes with comprehensive coverage, which includes protection against theft, natural disasters, and accidents.
Moreover, you can opt for add-ons to enhance the coverage provided by the policy. Some of the add-ons available include zero depreciation cover, engine protection cover, and personal accident cover for the driver.
Another key feature of Universal Sompo Car Insurance is the cashless facility, which allows you to get your car repaired at any of the network garages without having to pay upfront. Additionally, the company offers a 24/7 customer service helpline to assist you in case of any emergencies or queries.
Furthermore, with Universal Sompo Car Insurance, you can renew your policy online without any hassle. This ensures that you do not have to spend time visiting an office to renew your policy. Additionally, the company offers a No Claim Bonus (NCB) for customers who do not file any claims during the policy period.
Overall, Universal Sompo Car Insurance offers a comprehensive and hassle-free insurance policy that provides complete protection for your car at a reasonable cost.
Universal Sompo offers a range of add-on covers that can be added to your car insurance policy to enhance its coverage.
These add-ons are designed to provide additional protection to your car and ensure that you are not caught off guard in case of any untoward incidents.
Let us take a closer look at the add-on covers offered by Universal Sompo Car Insurance.
Personal Accident Cover for Owner/Driver: This add-on provides coverage for the owner/driver of the vehicle in case of death or permanent total disability due to an accident. The coverage amount can range from Rs. 10,000 to Rs. 2 lakhs, depending on the package chosen.
Zero Depreciation Cover: This add-on ensures that the insurer will not consider the depreciation of your car while settling a claim. This means that you will receive the full cost of repairing or replacing the damaged parts of your car, without any deductions for depreciation.
Roadside Assistance Cover: This add-on provides 24x7 roadside assistance in case of any breakdown or emergency while driving. Services such as towing, fuel delivery, battery jump-start, and flat tire repair are included under this cover.
Engine Protector Cover: This add-on provides coverage for damage caused to the engine of your car due to waterlogging or leakage of lubricating oil. The cost of repairing or replacing the engine parts is covered under this add-on.
No Claim Bonus Protection Cover: This add-on ensures that your no-claim bonus is not affected even if you claim during the policy period. This means that you will still be eligible for the full no-claim bonus at the time of policy renewal.
Consumables Cover: This add-on covers the cost of consumable items such as nuts and bolts, screws, washers, grease, lubricants, clips, and AC gas, among others, which are required for the repair of your car. The cost of these items is generally not covered under a standard car insurance policy.
Return to Invoice Cover: This add-on provides coverage for the full invoice value of your car, in case of theft or total loss due to an accident. This means that you will receive the full value of your car, including the registration charges and road tax, in case of such an event.
By adding these add-on covers to your Universal Sompo car insurance policy, you can ensure comprehensive protection for your vehicle, at an affordable price.
In the unfortunate event of a car accident, a car insurance policyholder may need to file a claim to receive compensation for the damages incurred.
Universal Sompo Car Insurance offers a straightforward claims process to ensure that policyholders can file a claim easily and receive timely assistance.
Universal Sompo Car Insurance allows policyholders to file a claim in two ways – cashless claim or reimbursement claim.
In the case of a cashless claim, the policyholder can take their car to a network garage authorized by Universal Sompo for repairs. The insurer will settle the claim directly with the garage, and the policyholder will not need to pay for the repairs.
In the case of a reimbursement claim, the policyholder can choose any garage for repairs and can claim the reimbursement for the expenses incurred later from Universal Sompo.
To file a car insurance claim with Universal Sompo, the policyholder needs to contact the insurance company as soon as possible after the incident.
It is essential to provide accurate information about the incident, such as the date, time, location, and description of the damages incurred.
The company will then assign a surveyor to inspect the car and assess the damages.
The policyholder will also need to submit the relevant documents, such as the claim form, original repair bills, and FIR, to support the claim.
The company aims to settle the claim within a few days after the surveyor has assessed the damages. The policyholder will be informed of the settlement amount, and if it is accepted, the claim will be processed. If the claim is rejected, the policyholder will be informed of the reasons for the rejection.
If you ever need to file a reimbursement claim for your Universal Sompo car insurance policy, the process is quite simple. You'll need to follow the steps outlined below:
Contact Universal Sompo: The first step is to inform Universal Sompo of the accident or damage to your vehicle. You can call their customer service number or reach out to them via email.
Provide details: You'll need to provide Universal Sompo with details of the incident, including the date, time, and location of the accident, as well as the names and contact information of any witnesses.
Submit necessary documents: You'll also need to submit the necessary documents, such as a copy of the FIR (if required), a copy of the insurance policy, and any other documents requested by the company.
Wait for verification: Once the documents are submitted, the Universal Sompo team will review and verify them. This may involve a physical inspection of the damaged vehicle.
Receive reimbursement: If your claim is approved, you will receive reimbursement for the cost of the repairs, up to the limit specified in your policy.
Remember to follow these steps promptly and accurately to ensure a smooth reimbursement process.
Universal Sompo's customer service team is always available to assist you in case you have any questions or need further guidance.
When filing a cashless or reimbursement claim with Universal Sompo Car Insurance, you will need to provide certain documents:
Your car insurance policy documents
A copy of your driving license
The registration certificate of your vehicle
The original bills and receipts for repairs and expenses incurred
Additionally, in case of accidents or third-party damage, a copy of the FIR (First Information Report) filed with the police is also required.
By ensuring that you have all the necessary documents ready, you can ensure a smoother and quicker claims process with Universal Sompo Car Insurance.
Universal Sompo Car Insurance provides coverage against damages or losses incurred by your car due to an accident or theft.
In case of such incidents, you can file a claim with the insurer to get compensation for the damages.
However, there are some instances where the claim may get rejected:
Delay in Reporting: If you do not report the accident or damage to your car within the stipulated time frame, your claim may get rejected. You must report the incident to the insurer within 24 hours of the occurrence to avoid any delay in the claim process.
Invalid or Lapsed Policy: If your car insurance policy has expired, or you have not renewed it on time, the insurer may reject your claim. Also, if you have provided incorrect or false information while buying the policy, the claim may get rejected.
Driving Under Influence: If you were driving under the influence of alcohol or any other intoxicating substance, your claim may get rejected. Driving under the influence is a violation of traffic rules and puts your life and that of others on the road at risk.
Non-Disclosure of Information: If you fail to disclose any information related to your car, such as previous accidents or modifications while buying the policy, the insurer may reject your claim.
Use of Car: If the car was being used for commercial purposes at the time of the incident, your claim may get rejected. A personal car insurance policy does not cover damages or losses incurred during commercial use.
Third-Party Involvement: If the incident involved a third party, such as another car or pedestrian, and there is a dispute regarding the liability, your claim may get rejected.
Exclusions: Car insurance policies have certain exclusions, such as damage due to wear and tear, mechanical breakdown, and depreciation. If the damage falls under the exclusions, your claim may get rejected.
In case your claim gets rejected, the insurer will provide you with the reasons for the rejection. You can rectify the issue and reapply for the claim.
It is important to read and understand the policy terms and conditions and provide accurate information while buying the policy to avoid claim rejection.
Universal Sompo No Claim Bonus (NCB) is a reward given to policyholders for not making any claims during the policy period.
With each claim-free year, the NCB increases up to a maximum of 50% of the own damage premium. It helps to reduce the cost of policy renewal and encourages safe driving practices.policy
Universal Sompo Car Insurance Premium Calculator is an online tool that helps policyholders calculate their car insurance premiums instantly.
It is an efficient and convenient way to determine the cost of insurance based on the car model, age, and other factors. This tool can be accessed from anywhere at any time, making it a time-saving and hassle-free option.
There are several benefits of using the Universal Sompo Car Insurance Premium Calculator:
Accuracy: The premium calculator uses the latest premium rates and formulas to calculate the insurance premium accurately. This eliminates the chances of any errors or discrepancies in the calculation.
Customization: The premium calculator allows policyholders to customize their insurance plan as per their needs and requirements. They can choose the coverage, add-ons, and deductibles to create a policy that best suits their needs.
Cost-effective: The premium calculator helps policyholders to compare different plans and choose the most cost-effective one. It helps them to save money on the insurance premium without compromising on the coverage.
Transparency: The premium calculator provides complete transparency in the premium calculation process. It shows the premium breakup, including the base premium, add-ons, and taxes, making it easy for policyholders to understand the premium structure.
Time-saving: The premium calculator is a quick and efficient tool that saves time for both policyholders and insurers. It eliminates the need for manual calculations and reduces the processing time for insurance policies.
Overall, the Universal Sompo Car Insurance Premium Calculator is a useful tool that simplifies the insurance premium calculation process.
It helps policyholders make informed decisions about their insurance plans and ensures that they get the best value for their money.
Universal Sompo General Insurance Company Limited can be contacted through various channels.
Their toll-free number is 1800-22-4030, and they can be reached through email at firstname.lastname@example.org.
Additionally, their website has a 'Contact Us' section where customers can submit their queries, feedback or complaints.
Universal Sompo Car Insurance Policy document is an important document that contains all the terms and conditions of the insurance policy. Policyholders need to keep a copy of the policy document as proof of insurance.
It is important to ensure that the policy details mentioned in the document are accurate and match the information provided during the policy purchase.
Any discrepancies should be immediately brought to the attention of the insurance provider.
The policy document can be downloaded online using the policy number by following these simple steps:
Visit the Universal Sompo website and navigate to the 'Download' section.
Select the 'Car Insurance Policy' option and enter your policy number.
Verify your details and select the 'Download' option.
The policy document will be downloaded in PDF format, and you can save it on your device or take a printout for future reference.
To get a hard copy of the Universal Sompo Car Insurance Policy, policyholders can follow these steps:
Visit the Universal Sompo website and navigate to the 'Contact Us section.
Select the 'Request for Hard Copy of Policy' option and fill in the required details such as policy number, name, and address.
Submit the request and make the payment for the printing and courier charges.
The hard copy of the policy document will be printed and couriered to the provided address.
Alternatively, policyholders can also visit the nearest Universal Sompo branch office and request a hard copy of the policy document.
To make changes to your Universal Sompo Car Insurance Policy document, you can follow these steps:
Visit the Universal Sompo website and navigate to the 'Customer Support' section.
Select the 'Policy Servicing' option and click on 'Policy Amendment'.
Fill in the required details such as policy number, name, and the changes that you wish to make.
Submit the request and wait for a confirmation from the insurer.
The changes will be made to your policy document, and a revised copy will be sent to your registered email address.
Alternatively, you can also visit the nearest Universal Sompo branch office and request the changes to be made to the policy document. It is important to ensure that the changes made are accurate and reflect the correct information.
Universal Sompo Car Insurance policy needs to be renewed every year to ensure that the policy remains active and the vehicle remains insured. The policy renewal process can be completed online or offline.
Online renewal is a convenient and time-saving option, which can be done by following these steps:
Visit the Universal Sompo website and navigate to the 'Renew' section.
Enter the policy number and other details as required.
Select the coverage, add-ons and payment mode.
Review the details and make the payment.
A renewed policy document will be sent to your registered email address.
Offline renewal can be done by visiting the nearest Universal Sompo branch office or contacting the customer support team.
It is important to renew the policy on time to avoid any lapse in the policy coverage.
Additionally, policyholders can use the No Claim Bonus (NCB) earned during the previous policy period to get discounts on the insurance premium during renewal.
Universal Sompo Third-Party Car Insurance is a type of insurance policy that provides coverage for damages or injuries caused to a third-party person or property by the insured vehicle.
This policy is mandatory under the Motor Vehicles Act of 1988, and every vehicle owner must have this policy to legally operate their vehicle on Indian roads.
The coverage provided by the policy includes compensation for damages to third-party property and injuries or death of the third party.
Universal Sompo Third-Party Car Insurance policy does not cover damages or loss to the insured vehicle or the driver. However, policyholders can opt for add-ons to enhance the coverage of the policy.
Universal Sompo offers affordable and comprehensive third-party car insurance policies that provide peace of mind to vehicle owners.
Yes, you can transfer your existing car insurance policy to Universal Sompo. You will need to submit the required documents and follow the transfer process.
NCB is a discount offered on the insurance premium during renewal if no claims have been made during the previous policy period. The discount increases with each claim-free year, up to a maximum of 50%.
The claim settlement process involves notifying the insurer about the claim, providing the required documents, and getting the vehicle inspected. The claim is then processed and settled based on the terms and conditions of the policy.
The Universal Sompo Car Insurance policy is available for purchase for one year and needs to be renewed every year.
Yes, you can transfer your Universal Sompo Car Insurance policy to another person if you sell your car.
Yes, you can cancel your car insurance policy mid-term but there might be a penalty.
Yes, you can make changes to your policy coverage or add-ons but only when you are renewing your policy.
Third Party Car Insurance provides coverage for any damages or injuries caused to a third party by your vehicle.