Universal Sompo Car Insurance

Universal Sompo car insurance plans are designed for customers who are seeking robust insurance to cover their cars from unforeseen damages, such as a road accident. The Universal Sompo General Insurance Company provides motor insurance plans that offer comprehensive coverage along with a number of additional benefits.

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Cashless garages1493

Plans starting @₹ 1994

*TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.
Car Insurance Premium Price

Universal Sompo

Cashless Garages

1493

Plan type

Comprehensive

Starting from

₹ 3,174

Check premium
Claim Advantage
  • Repair service at select cashless garages
  • Offers Zero Depreciation addon

Universal Sompo

Cashless Garages

1493

Plan type

Third Party

Starting from

₹ 2,094

Check premium
Claim Advantage
  • Covers damages to third party property
  • Covers damages to third party person

Universal Sompo

Cashless Garages

1493

Plan type

Limited Third Party

Starting from

₹ 1,994

Check premium
Claim Advantage
  • Covers damages to third party property
  • Covers damages to third party property upt...

Above-mentioned prices are for a 7-year-old Maruti WAGON R AVANCE LXI (998 CC) registered in Gurgaon and 15 days before expiry of previous policy

About Universal Sompo General Insurance Company

Universal Sompo General Insurance Company is the result of a joint venture between Indian Bank, Karnataka Bank, Indian Overseas Bank, Dabur Investment Corporation and leading Japanese insurance company - Sompo Japan Nipponkoa Insurance Inc. The company has its headquarters in Mumbai.

With the backing of the Japanese insurance expert, three major Indian banks as well as a major investment company, Universal Sompo General Insurance Company is ideal for those looking for power-packed motor insurance plans. They are loaded with amazing coverage benefits that are provided efficiently and quickly.

Key Features of Universal Sompo Car Insurance

Features Coverage and Benefits
Third-Party Coverage Yes
Incurred claim ratio 87.96%
Personal Accident Insurance Up to 15 Lakhs
Network Garages 1493
No Claim Bonus Yes

Benefits of Universal Sompo Car Insurance

Universal Sompo car insurance has certain features and benefits, which are given below:

  • Easy and smooth policy buying process with quick and minimal documentation
  • A network of certified workshops or garages, all over India with cashless claim settlements.
  • Claim assistance is provided 24/7 by a team of specialized and highly trained customer support specialists
  • Availability of No Claim Bonus discount with all Universal Sompo motor insurance plans
  • Discount for specially designed/ modified vehicles for blind, handicapped and mentally challenged people

Types of Universal Sompo Car Insurance Policy

Universal Sompo General Insurance Company offers three major types of four-wheeler insurance plans. These are:

1. Third Party Liability Car Insurance

Under a Third Party Liability motor insurance policy, the policyholder receives compensation against any accidental damage sustained by the third party due to the insured car. These damages can be bodily injury or death and property damages of the third party.

A liability-only car policy provides compensation in full for death or injury to the third party while for property damages, the compensation is limited to Rs. 7.5 lakh. However, any damage to the insured car is not covered under this four-wheeler policy.

2. Standalone Own Damage Car Insurance

The Standalone Own Damage car policy is designed to cover own damages sustained by the insured car due to unforeseen events like a road accident, theft, fire, natural calamities, etc. This motor policy can be purchased to extend the coverage for the car in addition to a third party liability policy.

3. Motor Private Car Insurance Policy

With a Motor Private Car or comprehensive car policy, a policyholder can cover the insured car against damages arising out of events like accidents, earthquakes, fire, robbery, etc. Furthermore, this car policy also covers the insured car against third party liabilities like injury, death or property damages of the third party.

A comprehensive car policy offers a wider coverage that can be further extended by purchasing add-ons on payment of an additional premium.

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Universal Sompo Car Insurance Premium Calculator

By using a Universal Sompo car insurance premium calculator, a policyholder can ascertain and compare the premium of the Universal Sompo car insurance plans before purchasing one. It helps him/her know the cost of the car policy and decide whether it fits within his/her budget or not.

Coverage Under Universal Sompo Car Insurance

  • Natural Calamities: Damages due to calamities that are natural in origins, such as earthquakes, floods, etc.
  • Manmade Acts: Loss or damage to the car due to manmade activities, such as riots, malicious acts, strikes, terrorist activity, etc.
  • External Means: Damages to the insured car due to an accident by external means
  • In-transit Damages: Damages caused while the insured car is in transit by road, rail, lift, inland waterway, elevator or air
  • Third Party Liability: Damages to the third party, and injury or death of the third party due to an accident caused by the insured car
  • Fire: Loss to the insured car due to events like fire, explosion, lightning or self-ignition
  • Burglary: Damages caused to the insured vehicle due to theft, burglary or housebreaking
  • Wear and Tear: Damages to the insured car due to the wear and tear that occurs over time
  • Outside Geographical Location: Damages caused when the insured car was being used outside of the geographical limits of India
  • Drunk Driving: Liabilities that occur when the driver of the insured vehicle is under the influence of intoxicants, drugs or alcohol
  • Invalid Driving License: Damages caused when the insured car is driven without a valid driving license
  • Commercial Use: Damages caused if a private insured car is being used for commercial purposes
  • Contractual Liability: Claims arising out of any contractual liability
  • Breakdown: Damages to the insured vehicle due to electrical or mechanical breakdown
  • Nuclear Peril: Damages and losses caused due to nuclear fission, or civil war.

Universal Sompo Car Insurance Add-Ons

The policyholders can also opt for additional covers that can enhance the coverage of their car insurance plan. These add-on covers are:

  • Return to Invoice Cover

    Under this add-on cover, policyholders may avail of an amount equivalent to the invoice price of the insured car, in case of its total loss or theft. Here the compensation will be equal to the invoice value along with registration cost, road tax plus insurance premium.

  • Daily Cash Allowance Benefit

    Under a Daily Cash Allowance benefit, a daily allowance is provided to the policyholder till the time the insured car is undergoing repairs.

  • Engine Protector Cover

    An Engine Protector add-on cover provides compensation for repairing or replacing the engine or its parts, such as the gearbox of the insured car, in case of an unforeseen accident.

  • Depreciation Waiver Cover

    A policyholder may opt to purchase a Depreciation Waiver cover that pays for the depreciation borne by the repaired or replaced items of the insured car. It provides 100% repayment on the depreciation of the insured car and all its parts except tyres, tubes and batteries, which are covered at 50%.

  • Hospital Daily Cash

    The Hospital Daily Cash cover provides a daily cash limit of up to Rs. 2,000 to the policyholder, for a maximum of thirty days of hospitalization.

  • Accidental Hospitalization Clause for Family

    The policyholder may opt for compensation under the Accidental Hospitalization Clause for Family in case the car owner and/or his family members are hospitalized due to a car accident.

  • Key Replacement Clause

    The Key Replacement add-on cover compensates the policyholder in case the keys of the insured car are lost, stolen or broken.

  • Roadside Assistance Cover

    This add-on provides coverage if the insured vehicle suffers a breakdown on the road. Some roadside services include fuel delivery, minor repairs, flat tyre support, etc.

  • Cost of Consumables

    This add-on cover provides compensation against the cost of replacing or refilling consumables used in the insured car. Consumable items include engine oil, nuts, screws, etc.

  • Loss of Personal Belongings Clause

    Under this add-on cover, the insurance company will compensate for the loss of personal belongings that were present in the insured vehicle at the time of the accident.

  • NCB Protector Cover

    This add-on cover allows a policyholder to retain the No Claim Bonus discount earned even after he/she has made a claim in the policy year.

How to File a Claim Under Universal Sompo Car Insurance?

To file a car insurance claim with Universal Sompo General Insurance Company, you can follow the steps mentioned below:

  • Intimation: The first step is to intimate the insurance company about the incident so that a claim can be registered.
  • Surveyor Appointment: A surveyor will be assigned by the insurer to assess the damages sustained by the insured vehicle.
  • Documents Verification: Make sure to keep all the relevant documents with you for verification purposes.
  • Claim Settlement: Once the repairs are done, the insurance company will settle the claim with the network garage. Under a reimbursement claim, the claim amount will be reimbursed after you have got the repairs done in a non-network garage and settled the bill in full.

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Documents Required to Raise a Claim Under Universal Sompo Car Insurance

The documents required to raise a claim under Universal Sompo car insurance are mentioned below:

  • Duly signed claim form
  • Original bills, receipts of repairs
  • Copy of driving license
  • Copy of registration certificate
  • A copy of car insurance papers.
  • A copy of the Police FIR.

How to Renew Universal Sompo Car Insurance?

Visit the official website of Policybazaar Insurance Brokers Private Limited and follow the steps mentioned below to renew Universal Sompo car insurance online:

  • Go to the Car Insurance page from the Insurance Products tab
  • In the given form, enter your car number and proceed forward.
  • Enter your existing motor policy expiry date and previous claim details
  • From the mentioned plans, select the Universal Sompo car insurance renewal plan.
  • Select additional covers and proceed with premium payment
  • Verify the rest of the details on the next page
  • Pay the premium for Universal Sompo car insurance renewal using bank cards, UPI or net banking
  • After the payment completion, you will successfully renew the Universal Sompo car insurance policy online. The renewal documents will, then, be sent to your registered email address.

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Average Rating
(Based on 13 Reviews)

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Universal Sompo Car Insurance Reviews & Ratings

4.9 / 5 (Based on 13 Reviews)
(Showing Newest 10 reviews)
Ramesh
Sitapur, December 08, 2021
Hassle free process
I went through a simple and hassle free process while buying Universal Sompo car insurance from Policybazaar. genuinely PolicyBazaar provides such convenient process. What I liked about Policybazaar was that they provide complete support in the online process as well.
Suhesh
Aligarh, November 10, 2021
Good service
I have recently renewed the policy which I had taken for my car from Policybazaar. In Universal Sompo car Insurance, the company offered me high coverage at low premium rate. i have had a great experience with them and the service was good.
Mithlesh
Panchkula, October 26, 2021
Great features
I am glad to be a customer of Policybazaar as they have offered me great features and benefits under universal sompo car insurance. the service they provide to their customers is too good. whoever buys policy from here will never be disappointed.
Priynka
Asansol, September 07, 2021
Multiple payment options
I recently bought a car insurance for my new car which i took from the Policybazaar. The most convenient thing I found was the payment process.They offered me multiple payment options which made the payment easy.
Sarvan
Chunnar, August 27, 2021
Hassle free service
I have taken Universal Sompo car insurance without any hassle from the policy Bazaar. Just as the purchase process was hassle free, they also make the renewal process hassle free. It provides coverage of own damages liability as well as third party liability
Umakant
Patna, August 20, 2021
Best Features
I bought a new car and i had to insured my car. a friend of mine suggested me to check the website of policy bazaar. he told me that they gives the best features under the policy to their customers within their budget. so i saw a lot of plans out of which i liked the Universal Sompo car Insurance.
Gopal
Mumbai, August 20, 2021
Easy to compare
I bought Universal Sompo car insurance it was so easy to compare plans on the website of policy bazaar. i spoke to my friend about car insurance and my friend suggested me to visit on policy bazaar website. i found it very convenient to buy policy online.
Premal
Phagwara, August 18, 2021
Easy to choose
i was looking for car insurance for my car then a friend of mine suggested me to buy Universal Sompo car Insurance from policy bazaar.when i connected with policy bazaar team, they explained me about the plan briefly. i am happy with my choice. services offered by the policy bazaar was excellent.
Keshu
Unava, April 26, 2021
Trustworthy relationship
My relationship with Universal sompo and policybazaar has been good and amazing. I really like the services and they had been amazing. The team is trustworthy and they helped me settling my claim on time.
Hina
Gadhinglaj, April 23, 2021
Great financial assistance
It is easy to get the financial assistance and coverage when you bought the universal sompo car plan. I have got great assistance from them and my life has been subtle. All thanks to team.