Universal Sompo Third Party Car Insurance: An Overview
Universal Sompo General Insurance offers two types of car insurance plans-the Third Party Car Insurance Plan and the Comprehensive Car Insurance Plan. Since the Motor Vehicle Act has made it mandatory for every car owner to have a Third Party Car Insurance cover, Universal Sompo Third Party Car Insurance offers total coverage for injury or death of the third party and also coverage for third party property damage.
Benefits of Universal Sompo Third Party Car Insurance
Some of the alluring benefits of Universal Sompo Third Party Car Insurance are:
- The policyholder can cover third party liabilities arising out of third-party death or injury.
- It offers coverage of thirdparty property damage for up to Rs 7.5 Lakh.
- It is the mostbasic and affordable policy.
- It compensates the policyholderfor legal actions in case of road accidents.
Claim Process of Universal Sompo Third Party Car Insurance
The policy can be claimed for cashless or reimbursement claim:
Cashless Claim Process
Step1. Inform the Insurer
In order to initiate the claim, first one needs to inform the insurance company about the accident. One can call on Universal Sompo customer call centre at toll-free number 1800-200-4030 or send an i-cl@im form to email@example.com
To download claim intimation form, first go to the Home page of Universal Sompo Third Party Car Insurance, click ‘Claim’ section, and then ‘Claim Assistance’. Select ‘Motor’ and download the i-cl@im form. In case of death/injury of Third party or theft of the car, one needs to lodge an FIR and submit a copy of it to the company.
Step2. Arrangement for an Investigator
After the company has received the Third party claim intimation, and register it in claims intimation register, an investigator is assigned to carry out an assessment of the damage in order to provide reasonable and just compensation.
Step3. Submission of Relevant Documents
While the investigator carries out all assessments and submits his report to the company, one has to provide all necessary documents to proceed on to the claim process.
Step4. Repair and Final Claim Settlement
After the spot survey has been done, one can get one’s car shifted to the garage which comes under the network of Universal Sompo Car Insurance for availing cashless service. The cost of repair and car transportation charge (up to Rs1500) will be borne by the company. One will have to pay deductibles if opted at the time of purchase of the policy.
Reimbursement Claim Process
The steps for reimbursement claim are mentioned below:
Step1. Inform the insurer
To inform the insurer, call on Universal Sompo Call centre at toll-free number 1800-200-4030 or send an i-cl@im form to firstname.lastname@example.org.
The insured can download the claim intimation form from the homepage of the company’s website. In case of death/injury of Third party or theft of the car, he needs to lodge an FIR and submit a copy of it to the company.
Step2. Investigator’s visit
The investigator assigned by the company, will investigate all damage and loss and submit his report to the company.
Step3. Repair and Submission of the Documents
After the investigator's assessment, one can get one’s car taken to the preferred garage; the transportation charge (up to Rs 1500) can be paid by the company. One needs to submit all necessary documents along with repair cost bills.
Step4. Reimbursement of Claim
If a particular garage doesn’t come under the insurance company garage network, one will have to pay the repair cost there. One can collect all original bills and submit them to the company. The amount will be reimbursed within 7 working days.
FAQs About Universal Sompo Third Party Car Insurance
Ans: No, the physical injury of the policy holder will not be covered.
Ans: No, since each accident requires separate assessment, one can’t claim for accumulated damage.
Ans: Yes, there will be compensation for legal expenses in case of a road accident.
Ans: One can track your claim online, go to the homepage in the ‘Claim’ section, click on ‘Track claim’, and submit all the information. One will find the claim status there.
Note: This is your car’s recommended IDV as per IRDAI’s depreciation guidelines.asdfsad However, insurance companies allow you to modify this IDV within a certain range (this range varies from insurer to insurer). Higher the IDV, higher the premium you pay.Read More