Universal Sompo Comprehensive Bike Insurance

Universal Sompo Comprehensive Bike Insurance is a combination of both third-party insurance and standalone own damage insurance. Although third-party two-wheeler insurance is mandatory for every bike owner under the Motor Vehicles Act, 1988, comprehensive bike insurance can be bought for all-around coverage.

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Why Should You Buy Universal Sompo Comprehensive Bike Insurance?

Universal Sompo Comprehensive Bike Insurance policy covers the insured two-wheeler against own damages and third-party accidental liabilities. When a mishap or an unfortunate accident occurs involving the insured bike, the comprehensive two-wheeler insurance policy will cover maximum expenses so that the burden on the policyholder is reduced. This is contrary to third-party bike insurance that covers third-party liabilities only, thus, limiting the coverage during claim settlement.

Universal Sompo Comprehensive Bike Insurance Vs Third Party Bike Insurance

Take a look at the differences between Universal Sompo comprehensive and third party bike insurance:

Categories

Universal Sompo Comprehensive Bike Insurance

Universal Sompo Third-party Bike Insurance

Legal Requirements

A comprehensive bike insurance policy is not mandatory by law.

Third-party bike insurance is compulsory under the Motor Vehicles Act, 1988.

Coverages

Comprehensive bike insurance provides coverage for third-party property damages and bodily injuries caused during an accident of the insured two wheeler.

Third-party insurance provides coverage for third party liabilities arising out of an accident of the insured bike.

Add-on Covers

A wide range of add-on covers is available for an additional premium, such as NCB Protector, Nil Depreciation cover, etc.

Not Available

Premium

Higher premium due to vast coverage benefits

Lower premium due to limited coverage

Level of Coverage

Offers maximum insurance coverage

Minimum insurance coverage offered

What is Covered Under The Universal Sompo Comprehensive Bike Insurance Plan?

The Universal Sompo Comprehensive Bike Insurance provides the following coverage:

Third Party Liabilities - Universal Sompo Comprehensive bike insurance covers the legal liabilities of the policyholder against property damages, bodily injuries, disability, or the unfortunate demise of a third party as a result of an accident caused by the insured bike.

Own Damages - Comprehensive bike insurance also provides coverage for any damages sustained by the insured two-wheeler. The repair and maintenance of the bike will be covered in case of unforeseen events like natural calamities, fire, theft, manmade calamity or an accident.

Personal Accident Cover– It provides compensation in case of bodily injuries or the death of the bike’s owner resulting from an accident.

What is Not Covered under the Universal Sompo Comprehensive Bike Insurance Plan?

Universal Sompo comprehensive bike insurance plan does not provide coverage in the following cases:

  • Normal Wear & Tear- Minor repair expenses due to normal wear and tear of the bike is not covered.
  • Illegal Driving- Accidents caused while driving without a valid driver’s license is excluded.
  • Electrical Breakdown– Expenses incurred due to the electrical breakdown of the two-wheeler is not covered.
  • Rider’s Negligence- Accident due to negligence or carelessness of the rider is excluded
  • Drunk Driving- Driving under the influence of intoxicating drugs or alcohol are not covered
  • Illegal Use- Accidents caused while using the bike for illegal or unlawful activity is excluded
  • Geographical Limit- If the mishap or accident occurs outside the geographical limit, it is not covered.

Benefits of Universal Sompo Comprehensive Bike Insurance

Some of the major benefits of buying the Universal Sompo Comprehensive Bike Insurance plan are:

  • Provides comprehensive coverage by covering own damages and third party liabilities
  • Fulfils the mandatory requirement for third party insurance cover
  • Can be easily purchased offline and digitally
  • Cashless payment available at authorized garages of Universal Sompo General Insurance Company Ltd
  • Multiple add-on coversavailable to ensure enhanced coverage
  • Fast and simple claim settlement of claims

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 Comprehensive Bike Insurance 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