Universal Sompo Bike Insurance Claim

Universal Sompo General Insurance Company follows an easy and hassle-free claim settlement procedure. This is a process during which the insurer provides coverage to the policyholder for expenses arising due to any mishap or accident involving the insured's two-wheeler. Universal Sompo bike insurance claim process is efficient and convenient for the customers. The claim proceedings are initiated once the policyholder informs the insurer regarding the accident or a road mishap.

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List of Documents required for Claim Settlement

There are several important documents to be submitted when the policyholder registers a claim. They are as follows:

  • Hard copy or soft copy of insurance policy document
  • Registration certificate of the bike
  • Driving license
  • Signed insurance claim settlement form
  • FIR copy if the accident involved severe injury or a third party
  • PUC (Pollution under Control) certificate
  • A PAN card copy is needed if the claim amount is Rs 1 lakh or more
  • Signed receipt and bills in case of a reimbursement claim

Universal Sompo Bike Insurance Cashless Claim Process

The steps included while applying for a cashless claim for your bike insurance are as follows:

Step 1: Intimate the insurer about the incident. Include details like the area where the accident happened and the damages caused. You can approach the insurer through the customer service number.

Step 2: The insurer will appoint an inspector or a surveyor to assess the situation and investigate the accident. He will identify the cause of the accident and go through the damage. He will then submit an assessment report to the insurer to price the claim.

Step 3: The policyholder can drop his two-wheeler to any of the closest Insurer garages that the company authorizes. The insurer is also liable to provide charges for towing the vehicle for the insurance holder to a nearby authorized garage.

Step 4: The insurance holder will directly pay the garage's expenses. After this, the two-wheeler can be taken home from the garage once the repair is done.

Universal Sompo Bike Insurance Reimbursement Claim Process

A reimbursement claim is made when the insurer has to pay for the insured's two-wheeler for repairs done at a garage, not on the insurer's network. The process for Universal Sompo reimbursement bike insurance claim includes:

Step 1: You can inform the insurer about the incident and its details through the customer care toll-free number.

Step 2: Universal Sompo General Insurance Company will appoint an inspection to proceed with an assessment. The inspector will confirm the facts about the accident and the damages that occurred to the insured's two-wheeler.

Step 3: The insurance holder can access free towing through the insurer to drop the two-wheeler at a nearby garage that is not on the insurer's network. You need to pay for the entire damage repair and other maintenance. You can keep the receipt or any bills to later submit to the insurer for reimbursement.

Step 4: The insurer can apply for reimbursement after deductions of volunteer deductibles. The insurer will accept the claim and reimburse the expense after the necessary deduction, including the voluntary deductible.

Common Rejection Reasons for Universal Bike Insurance Claim

Universal Sompo General Insurance Company can reject an insured's claim application for the below-mentioned reasons:

  • If the insurance holder had an accident while driving without a proper license
  • Driving after consumption of drugs or alcohol
  • If the customer has manipulated the facts or attempted fraud to gain maximum benefits from the insurer
  • Negligence or carelessness from the side of the insurance holder during the accident
  • Maintenance or repairing is done without informing the insurer
  • If the insurance policy has reached its expiration date
  • If the accident occurs beyond the geographical boundary as specified by the policy
  • If the accident took place due to participation in any illegal activities 

FAQs

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 9 Reviews)

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Universal Sompo Bike Insurance Claim Reviews & Ratings

4.7 / 5 (Based on 9 Reviews)
(Showing Newest 9 reviews)
P
Bhiwandi, October 09, 2021
Reasonable rate
I talked to a friend of mine regarding bike insurance. He suggested me Policybazaar. When I went to the policybazaar, an executive showed me several plans. According to my budget, I chose Universal Sompo Two Wheeler Insurance. I got high coverage at a reasonable rate.
Prakhar
Saharanpur, October 09, 2021
Easy to compare
I got excellent customer service from beginning to end of the process. After comparing the plans in Policybazaar I took the Universal Sompo bike plan. I got all the features I wanted in my plan. The service was up to the mark and the entire team was very helpful.
Rimzhim
Gorakhpur, October 09, 2021
Hassle free process
After comparing multiple bike plans on the website of Policybazaar, I decided to choose Universal Sompo two wheeler insurance as it was providing me with fascinating features. The process I went through was hassle free and so simple. I am completely satisfied with my plan.
Ritish
Guntur, October 09, 2021
Financial support
I have got financial assistance in my time of need. When my bike got damaged due to a minor accident, i took the help of Policybazaar to raise the claim request. Within a few days my claim was approved. My Universal Sompo bike policy eased my financial stress.
Shrestha
Howrah, August 18, 2021
Found convenient
I have recently got University sompo two wheeler policy from the policy bazaar.i am glad to be a customer of policy bazaar. they are giving so much benefits under the same. like 24*7 roadside repair assistance,emergency fuel delivery,repair on the spot and many more.
Ashish
Jaipur, June 04, 2021
All time support
I had bought a universal sompo two wheeler insurance policy from the website of the policybazaar. I am happy that the plan is and up to my mark I have taken this plan 2 years back and has been continuing it with same.
Mudit
Hardoi, June 04, 2021
Towing facility
In my Universal sompo two wheeler insurance plan I had got towing facilities. It is a nice plan and I really like the plan. It is available in my plan. Thank you policybazaar.
Pratul
Moradabad, June 04, 2021
Low premium prices
I am quite happy and convinced with the services of the policybazaar and they provided me low premium rates. I had a Universal sompo plan. Good work team.
Yogesh
Udaipur, May 17, 2016
Awesome
Universal sompo two wheeler insurance is nice with low premiums. The policy coverage is high ~87% and the policy claims are even better. The service facilitate by the executives and staff is really very fast by which claiming procedure get easy. The tow facility is inbuilt in the policy and huge number of garages are there for all time assistance.

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis