Under Universal Sompo Pay as You Drive insurance, the insurer offers a lower premium based on the kilometre choice of the policyholder. This plan is beneficial for car owners who only cover a particular distance during a policy year. They can choose their desired kilometre slab, and the insurer will offer a discount on premium based on that slab.
Damages sustained by the insured car will only be covered up to the chosen kilometre limit.
Theft, fire and third-party coverage will remain the same throughout the policy year.
Here is how Universal Sompo Pay as You Drive car insurance works:
You can purchase a Universal Sompo PAYD policy from Policybazaar.com by following these steps:
Ans: Yes. A No claim bonus will be offered on the purchase of Universal Sompo pay as you drive car insurance. This NCB reward can be availed to receive a discount during car insurance renewal.
Ans: A top-up can be done by opting for endorsement in your existing car insurance policy. You can contact our customer support at 1800-258-5970 to get an endorsement done.
Ans: Yes. A policyholder can take advantage of these discounts offered by Universal Sompo General Insurance Company:
Ans: Yes. A policyholder will receive comprehensive coverage on purchasing the Universal Sompo PAYD plan. This includes OD, third party, theft and fire coverage. However, the OD cover will only be active till the chosen kilometre slab.
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