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Universal Sompo Car Insurance Online

Universal Sompo General Insurance Company Limited is a joint venture of two nationalized banks Indian Overseas Bank and Allahabad Bank, a private sector bank Karnataka Bank, FMCG Corp Dabur Investment Group and a leading General Insurance Company from Japan Sompo Nipponkoa Insurance Inc. formed as a General Insurance Company in partnership with public sector, headquartered in Mumbai. Universal Sompo is the first public-private General Insurance Corporation.

Universal Sompo has received a Gross Premium of Rs.903 Cr for year-end. Issued policies .6 Million Settled 1,11,787 policies as on March 31, 2016.

Types of car insurance policies

Broadly, auto insurance policy is divided into 2 types for unpredicted damage loss

Third party insurance

Damage caused to the third party in case f accident made by the policyholder and also third-party property damage is claimed.

IRDA (Insurance Regulatory Authority of India) has made a recent update in the premium for third party insurance.

                         Cubic capacity

                            Premium

< 1000cc

Rs.2,055

1,000cc -1,500cc

Rs.3,132

> 1,500cc

Rs.8,630

Note: The maximum limit of compensation is up to 7.5 Lakhs. The amount of compensation is determined by a court of law.

Comprehensive car insurance policy

Get claim assistance in case of damage to your vehicle in case of accident, theft, vandalism, floods, fire, damage caused by animals and other natural disasters except for damage due to a collision. Comprehensive car insurance policy is claimed by the calculating value of the vehicle after deducting depreciation.

Discount on Universal Sompo Car Insurance

Avail No-Claim Bonus for successful zero claims

Get discount on your insurance policy for increasing your voluntary deductible.

Additional discount for installing anti-theft devices in your vehicle.

Discount for specially designed vehicles for blind, physically handicapped citizens, this is to encourage social cause.

Add-on cover for Universal Sompo Motor Insurance policy.

Why Universal Sompo car insurance? 

For hassle-free claims with cheap insurance premium get your policy online on Universal Sompo. An online insurance policy is helpful to get discount on your motor insurance, the policyholder will get the insurance policy soft copy to their mail immediately.

Exclusions of Universal Sompo car insurance policy

Drunk & Drive

Driving vehicle under the influence of alcohol is offense by a court of law and accident made under influence of alcohol cannot be claimed.

Planned accident

Staged accidents are offense, organized accidents to get claim is void. In staged accidents, your entire policy will lapse.

Commercial use

If the policy is registered for personal use and the actual activity of vehicle is for commercial use. In an improper disclosure of vehicle use will void the Bajaj Allianz car insurance policy.

Valid license

If a person driving a vehicle without any valid license will lapse your entire policy and a policyholder cannot claim compensation for damage caused by wrong side driving.

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