Universal Sompo Loan Secure Insurance Policy

In a loan secure insurance plan like Universal Sompo Loan Secure Insurance Policy compensates the insured financially on detecting a critical illness, loss of a job, unfortunate death or in case of total/partial permanent disability due to an accident. Universal Sompo Loan Secure Insurance Policy covers the above mentioned so that the insured or their nominees can pay back the loan without any trouble.

Read More

Get insured from the comfort of your home No medicals required

Tell us about you

Universal Sompo Loan Secure Insurance Policy

All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Get insured from the comfort of your home No medicals required
I am a

My name is

My number is

By clicking on 'View Plans' you, agreed to our Privacy Policy and Terms of use
I am a

My name is

My number is

Select Age

City Living in

    Popular Cities

    Do you have an existing illness or medical history?

    This helps us find plans that cover your condition and avoid claim rejection

    Get updates on WhatsApp

    What is your existing illness?

    Select all that apply

    When did you recover from Covid-19?

    Some plans are available only after a certain time

    Universal Sompo Loan Secure Insurance Policy: Key Highlights



    Sum Insure

    Up to Rs 1 cr.

    Renewal Age

    Till 55 years


    3 years

    Illness Covered

    18 major illnesses

    Eligibility Conditions

    The minimum eligibility conditions to buy this policy are:

    Minimum Entry Age

    20  years

    Maximum Entry Age

    65 years

    Number of people covered

    This policy covers various members/SMEs/partnerships, and there is no such limit mentioned by the policy. Each member will be considered a different policyholder.

    The person should have a loan with a bank.

    Residential Status

    Permanent residents of India or Indian citizens

    Coverage Offered

    Universal Sompo Loan Secure Health Insurance Policy provides coverage under four different plan variants, which offer a range of benefits depending on the chosen type. They are mentioned below:

    Silver Plan

    The Silver Plan covers these:

    In this category, the first time procedure or first medical events are covered

    • Cancer with severity specified
    • Coronary Artery Bypass Graft
    • Kidney Failure with regular dialysis
    • First Heart Attack (Myocardial Infarction) with severity specified as per policy document
    • Major Organ or Bone Marrow Transplant
    • Multiple Sclerosis with prolonged symptoms
    • Open Heart Replacement Or Repair Of Heart Valves
    • CABG
    • Permanent LimbParalysis
    • Permanent damage due toStroke.

    Gold Plan

    The Gold Plan covers the following-

    First time procedure or first medical events, or surgeries for the following are covered:

    • All conditions forthe Silver Plan
    • Brain Tumor of Benign nature
    • Coma ( Severity specified)
    • Parkinson’s Disease

    Platinum Plan

    The Platinum Plan covers the following-

    First time procedures/ medical events/surgeries, for the following are covered:

    • All conditions of the Gold Plan and Silver Plan
    • Alzheimer ‘s Disease
    • Last-Stage Liver Failure
    • Surgery of Aorta

    Diamond Plan

    Under the Diamond Plan, the following are included:

    In this category, first time procedures or surgeries for the following ailments are covered:

    • All conditions under Silver, Gold, and Platinum Plan
    • Deafness
    • SpeechLoss
    • Third Degree Burns

    Inclusions of the Policy

    The Universal Sompo Loan Secure Insurance Policy provides coverage against accidents. If the policyholder dies due to any kind of accident or gets injured, resulting in disablement, then the Universal Sompo Health Insurance pays the sum insured. Below are the conditions in which the insurer is liable to pay the sum insured amount to the person insured.

    • Accidental Death of the policyholder
    • In case of confirmed permanent total disablement for 12 consecutive due to which the policyholder is unable to work
    • In case of loss of two hands or feet, a single hand &single foot, such that the policyholder becomes unemployable

    Exclusions of the Policy

    There is a list of various exclusions under several sections of the Universal Sompo Loan Secure Insurance Policy. Some of them are:

    • No coverage for pre-existing illnesses
    • Any illness or accident in the first 90 days of policy procurement
    • Any treatment performed by a non-registered practitioner
    • Any treatment related to congenital disabilities
    • Birth Control and HRT are not covered
    • Self-medication by the policyholder
    • Non-submission of medical proofs by the policyholder
    • Others as per policy documents

    Features & Benefits of the Universal Sompo Loan Secure Health Insurance Policy

    The policy features and benefits can be categorized into the following:

    • The Universal Sompo Loan Secure Health Insurance Policy has two sum insured options available in this plan: Fixed Sum insured and Reducing Sum Insured option.
    • The plan also covers the job loss. It pays 3 monthly installments corresponding to the loan insured, in case of unemployment due to accidental death or disability.
    • Ambulance charges for any admissible claim are provided up to Rs 1000 per policy period.
    • On detection of critical illness and accidental death/hospitalization, the insurer pays for
    • The outstanding loan amount is paid in case of reducing sum insured option.
    • The outstanding loan amount plus pays the sum insured to the policyholder or the nominee (as applicable) in the fixed sum insured amount.

    Information on Cancellation of the Policy

    If the policyholder finds the terms and conditions of the policy to be unsatisfactory, he/she can return the policy at no extra cost to the insurer within 15 days from the policy's starting date, provided no claim is paid.

    The insurer will return all the premiums paid after deduction of taxes and stamp duty charges. Thus, the Universal Sompo Loan Secure Insurance Policy can be returned.


    Health insurance articles

    Recent Articles
    Popular Articles
    Health Insurance for Autoimmune Diseases in India

    16 Sep 2021

    Every human body comes with an immune system to fight against...
    Does Health Insurance Cover Multiple Sclerosis In India

    15 Sep 2021

    Due to a hectic lifestyle leading to unnecessary stress and...
    Critical Illness Insurance Policy For Stroke Patients In India

    14 Sep 2021

    Medical emergencies are unpredictable and it brings a lot of...
    Which Health Insurance to Buy for People below Poverty Line?

    09 Sep 2021

    Although the penetration of health insurance in India is quite...
    List of Diseases Covered by Star Health Insurance

    07 Sep 2021

    Getting diagnosed with a major illness is not only stressful but...
    Best Health Insurance Plans in India 2021
    Finding the best health insurance plan from so many different health insurance companies can get confusing for many...
    Top Maternity Insurance Plans
    Maternity or pregnancy is an important phase of life, and one needs to prepare in advance to embrace parenthood...
    Top Family Health Insurance Policies in India 2021
    From the air we breathe to the food we eat; everything is intentionally or unintentionally subjected to...
    Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance
    There has always been a doubt in customers mind about whether the private company will keep its side of the bargain...
    Best Health Insurance Plans for Senior Citizens in 2021
    Considering the increasing percentage of medical inflation in India, it has become an absolute necessity to buy...

    Universal Sompo Loan Secure Insurance Policy Reviews & Ratings

    / 5 (Based on 3 Reviews)
    (Showing Newest 3 reviews)
    Hariyana, September 16, 2021
    Tax savings
    The term plan is beneficial to save the tax amount too. I have saved a lot of tax and got a rebate too under my plan. I am happy and it is a part of investment. I took the plan for the financial safety of me and my family. Thanks team for good plans.
    Punjab, September 16, 2021
    Time and money saving plans
    I have saved a lot of money when I bought the term insurane plan online. I visited the policybazaar and check the premium calculator page. From there I searched for various good plans. I saved a lot of money and time too. I would recommend the policy to my friends and also tell them to buy a plan from policybazaar.
    Amritsar, September 16, 2021
    Customer experience team
    Great to know that the customer care team of Policybazaar is superb and friendly. I opted a term plan from policybazaar and found it the best one. I was facing the issue related to name spelling and connected to policybazaar. The team immediately worked into my case and it was resolved. Thank you so much team Policybazaar.
    Download the Policybazaar app
    to manage all your insurance needs.