Bajaj Allianz Vs Universal Sompo Car Insurance Comparison 2024

Updated On: 2023-04-18

Author : Team Policybachat

For those looking for insurance, it's important to compare Bajaj Allianz vs Universal Sompo Car Insurance companies to find the one that will work best for you. With all of the car insurance providers to choose from, some stand out more and have a better reputation.

That's why you need Bajaj Allianz Car Insurance so you have guaranteed assistance at any time. Insurance is an important condition that nobody should be without, which is why Universal Sompo Car Insurance can cover you.

Bajaj Allianz and Universal Sompo have different policies and offer a variety of discounts that slightly change, making them both competitive car insurance companies. Decide which side you want to go with before you buy a car insurance policy. This article will help you understand the different factors that can affect your decision on which company to choose for your car insurance.

Highlights Bajaj Allianz Car Insurance: Universal Sompo Car Insurance:
  • Online policy issuance and renewal
  • 24x7 spot assistance available
  • Self-vehicle survey and instant claim settlement with Motor-on-the-spot.
  • No Claim Bonus
  • Anti-theft device installation discount
  • Voluntary excess discount
  • Specially designed/modified vehicle discount
  • The policy offered by this brand covers its own damage as well as third-party under the same plan.
  • If the customer wants higher voluntary access there is also a provision for a discount in that.

Bajaj Allianz Car Insurance:

Bajaj Allianz Car Insurance is a leading automobile insurance provider in India. It offers affordable insurance plans to its customers and has been offering the same for more than 80 years. Bajaj Allianz Team is here to help you navigate the journey of having your car insurance with a seamless process.

Bajaj Allianz Car Insurance policy covers the damages caused to the life and property of individuals, other than you, affected by an accident your car, unfortunately, becomes a part of. The other most common form of insurance is Comprehensive Car Insurance. It helps you cover the majority of the liabilities you might attract if your car gets damaged in social unrest, natural calamity, or even gets stolen in a case of theft.

Why Buy Bajaj Allianz Car Insurance?

Key Features Benefits
Premium Save up to 70%
Policy Issuance Instant e-policy with a tracker
No claim Bonus Covers up to 50%
Branches 1100+
Claims Settled 192077
Claim Process Hassle-free claim settlment

Universal Sompo Car Insurance:

Universal Sompo is the first public-private General Insurance Corporation. The cost of Universal Sompo car insurance varies depending on the type of policy that you choose to buy. A car insurance policy offers aid to the car owner if he/she meets with an accident that causes damage to the car. Universal Sompo car insurance plans not only cover damages but also have a compulsory personal accident cover.

Universal Sompo Car Insurance is a comprehensive car insurance package offered by Universal Sompo General Insurance Company Limited. The insurer offers private as well as commercial insurance under its four-wheeler banner. The private car package covers loss arising out of manmade and natural calamities, legal liability to third party personal injury and property damage, and compulsory Personal Accident cover for owner drivers. You can also avail of a discount for opting for higher voluntary excess.

Why Buy Universal Sompo Car Insurance?

Key Features Benefits
Premium For 1000 cc Starts at Rs. 2055
Policy Issuance Quick & hassle-free
Policies Issued 6 million
No claim Bonus Covers up to 50%
Claims Settled 1,11,787 lakhs
Claim Process Instant Motor Claims through IL Take care app
Zero Depreciation Cover Get up to 7 years of zero depreciation add-on cover without any gap on several claims.

Comparison of Bajaj Allianz Car Insurance vs Universal Sompo Car Insurance:

With the help of a comparison site, like, you can effortlessly compare quotes from many different companies. In addition to saving you time, this can also lead to better prices since our low operating costs mean we don't charge commissions.

PolicyBachat helps you understand the big picture of different insurance policies and find out what's best for you. We'll help you figure out the key differences in carriers, claims settlement ratios, and network garages to make sure your policy is what you need.

Parameters Bajaj Allianz Car Insurance Universal Sompo Car Insurance
Claim Settlement Ratio 65.83% 87.96%
Cashless Network Garages 6000+ 4600+
Third party Cover Covered up to Rs. 7.5 lakhs Covered up to Rs. 7.5 lakhs
Personal Accident Cover Covers up to Rs. 15 lakhs Covers up to Rs. 15 lakhs
  • Zero Depreciation
  • Engine Protector
  • Consumable expenses
  • 24x7 Spot Assistance
  • Key and Lock Replacement
  • Personal Baggage
  • Conveyance Benefit.
  • Depreciation waiver
  • Return to invoice
  • Loss of personal belongings
  • Engine protector
  • Roadside assistance cover
  • Hospital daily cash
  • Cost of consumables
  • NCB Protector
  • Tyre and Rim secure
  • Loss of Driving license
  • Accidental hospitalization
  • Daily Cash allowance
  • Secure Towing
  • Key Replacement clause.
  • Zero depreciation cover available
  • Get your car insurance within 3 minutes
  • Cashless claim facility
  • Claim process done within 20 minutes
  • Policyholders are eligible for 75% on account payment in case the cashless facility is unavailable.
  • Dedicated telephonic service is available 24×7 on holidays as well to provide support during claims settlement and for any other issues
  • In case a car gets damaged due to an accident, the towing facility is available
  • Policyholders can avail themselves of high standard service and get their cars inspected at selected workshops.
  • Affordable premiums
  • A strong network of garages
  • 24x7 assistance
Types of Policies
  • Third Party Car Insurance
  • Comprehensive Car Insurance
  • Standalone Own Damage Car Insurance.
  • Motor private car insurance policy
  • Comprehensive car insurance
  • Third party car insurance.
  • Voluntary excess discount
  • Anti-theft device installation discount
  • Online policy buying/Renewal, voluntary Excess discount
  • 24x7 Assistance
  • Policyholders are entitled to shift as much as 50% of their existing No Claim Bonus from their previous car insurance providers
  • The company is known for settling its claim in a record time.
  • There are numerous policies offered by this company for every consumer.

The motor private car insurance policy covers:-

  • Fire
  • Explosion
  • Natural disasters
  • Self-ignition
  • Theft
  • Personal accident
  • Theft
  • Road, rail, inland waterway.

What is covered in Bajaj Allianz and Universal Sompo Comprehensive Car Insurance?

Premium Features Bajaj Allianz Car Insurance Universal Sompo Car Insurance
Loss or damage to own car due to an accident
Loss or damage to own car in case of fire
Loss or damage to own car in case of natural calamity
Theft of your car
Personal accident cover
Third party vehicle and property damage


Comparison of Bajaj Allianz Car Insurance and Universal Sompo Car Insurance online leads to cost efficiency due to low operating costs to maintain online. PolicyBachat helps to calculate the pros and cons of the policy and buy the desired policy. PolicyBachat gives you the distinction between the carrier backgrounds, claim settlement ratio, product portfolio, pricing, best coverages, suitability, and network garages to configure the right insurance policy.

Get the top carrier quotes to distinguish the best insurance plan in terms of premium, coverage, and holding experience in the insurance sector. At PolicyBachat, a user can buy/renew a car insurance policy in simple easy steps instantly.

PolicyBachat help you choose the best car insurance policy by comparing online. You must know what your budget and requirements are, to decide on the right one for your needs. When you buy insurance for your car, you would want to get insurance that is high on benefits and low on costs.

Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

1,000+ Reviews
Been Here Before?
Get Back to My Quotes

Leave a rating!

0.0 (0 votes)

Please wait while your request is being processed.