About Universal Sompo General Insurance Company Ltd.
Universal Sompo General Insurance Co. Ltd. is a collaboration between Indian Bank, Indian Overseas Bank, Karnataka Bank Ltd., Dabur Investment Corporation, and Sompo Japan Insurance Inc., a prominent general insurer from Japan. The company provides an extensive portfolio of products designed to meet the needs of Retail, Rural, SME, and Corporate customer segments.
Universal Sompo Group Personal Accident Insurance Policy Features
- This wide-ranging policy covers you from Death, Permanent Total Disablement, Permanent Partial Disablement and Temporary Total Disablement.
- Accidents causing the death of the insurer would be compensated by 100% of the capital sum insured under the policy.
- The Policy can also be extended to cover the dependent children/parents of your employees.
Benefits of Universal Sompo Group Personal Accident Insurance Policy
| Transportation Cost for carriage of dead body to Home, including funeral charges. |
1% of Capital Sum Insured or 2,500/- (Two thousand five hundred), whichever is lower. |
| The cost of Clothing damaged in the Accident as described above and liability for disablement is admitted by Us. |
Actual expenses subject to a maximum of Rs 1000/ |
| Ambulance charges for transportation of Insured to Hospital post accident |
Actual expenses subject to a maximum of Rs 1000/ |
| Education Fund In the event of death, permanent total disablement i.e. 1 2 of table class="content-table" of Benefit of Insured Person, We will approve compensation towards Education Fund for up to 2 dependent children. |
-5% (Five per cent) of C.S.I Subject to a maximum of Rs. 15000/- in all |
| Loss of Employment In the event of an accident leading to loss of employment as a consequence of Permanent Total Disability as per the table class="content-table" of benefits. |
2% of CSI subject to a maximum of Rs 25000/- |
Universal Sompo Group Personal Accident Insurance Inclusions
The Universal Sompo Group Personal Accident Insurance policy covers the following:
- Permanent total disablement
- Temporary total disablement
- Death/ disappearance
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