- Written by PolicyBazaar
- Views: 895
- Published: 22 August 2014
Universal Sompo is the first of its kind public private partnership in Indian general insurance industry. The company is formed with four domestic companies coming together and a foreign company. Three of the four companies are nationalized banks and last one is the largest FMCG Company of India. Sompo Japan insurance Inc. is the foreign company to be associated with Universal Sompo general insurance company. Sompo insurance company is the largest general insurance provider in Japan with wide network throughout the country as well as presence in 27 international markets. Universal Sompo has its insurance products in almost all product lines classified into Property insurance, Marine insurance, General accident, Workmen compensation and Motor insurance.
Universal Sompo Health Insurance Plans:
Below are the health insurance plans provided by the company:
- Individual Health Insurance policy: This policy is meant for an individual and their family. This policy pays compensation by providing hospitalization expenses as well as domiciliary benefits as well in case of any accidents. Universal Sompo health insurance policy also provides for expenses related towards room, boarding expenses, charges for blood and oxygen etc. An add cover for critical illness is also provided by paying extra premium.
- Group Health Insurance policy: This policy is specially meant for groups of employees both in manufacturing and trading sector. A group of an institution, society or an association can also be covered. The policy provides for hospitalization expenses as well as domiciliary benefits to an individual in case of any accident. The indemnity provided by the policy is equal to sum assured and pre-defined sub limits.
- IOB Health Care Plus policy: This policy is meant for customers of Indian Overseas Bank and aims at providing best health care facility to them. This is a complete health care cover as it covers an individual, his spouse and two dependent children. The scheme covers hospitalization expenses in case of any critical illness or an accidental injury.
- Aapat Suraksha Bima policy: Aapat Suraksha Bima Policy provides cover on lump sum basis to support the insured and/or the nominee against a sudden and unexpected expenditure (other than the medical treatment expenses) on diagnosis of major diseases like paralytic stoke, cancer, renal failure and major organ transplant.
Universal Sompo health insurance claims are settled very quickly. Universal Sompo health insurance premium can be compared online with Universal Sompo health insurance quotes in order to get verse with the policy. Moreover, comparison should be made between Universal Sompo health insurance plans with the health insurance policies provided by other general insurers in the market in order to select the suitable Health policy.