Universal Sompo Car Insurance

Universal Sompo General Insurance has come out as a leading insurance provider by offering value services to the customers and winning their trust. Headquartered in Mumbai, this insurance company provides a plethora of insurance plans to meet different requirements of customers and one of them is Universal Sompo car insurance. Let us start this section and it is in the store for you.

IFFCO Tokio General Insurance > Highlights

Network Garages 3500+ Claim Settlement 92.45% in FY19
Presence 86+ branches Policies issued 12 lakh+ in FY19
Zero Depreciation Available Emergency Assistance 24/7

Car Insurance by Universal Sompo

Universal Sompo car insurance caters two types of car insurance policies to its customers that involve a third-party car insurance policy and a comprehensive car insurance policy. While third-party car insurance is a mandatory policy which offers coverage for your financial liabilities occurred towards third-party due to your involvement in an accident, the comprehensive ones covers your own damages occurred due to road accidents, natural or man-made circumstances, theft and fire.

Benefits of Universal Sompo Car Insurance 

Here are the noteworthy features and benefits of Universal Sompo car insurance:

1. Coverage during different circumstances

Universal Sompo car insurance offers coverage for own damages as well as the third-party damages. If your car has caused any third party damage such as property damage, injury to a pedestrian/car owner or driver then this policy will help cover the financial liabilities such as vehicle repair, medical bills and even legal expenses.

Apart from that, you can ensure the safety of your car if you opt for the comprehensive car insurance plan. Universal Sompo car insurance offers coverage in case of any car damage/loss occurred due to road accidents, natural or man-made calamities, theft, fire or explosion and medical bills which reduces your expenses. 

2. Network garages

Universal Sompo four wheeler insurance has a certified network of workshops or garages all over India. It has over 3,500 authorized network garages and hospitals across the country which ensures quick repairs and recovery.

3. Efficient Process 

Another important feature of Universal Sompo car insurance is the overall procedure of providing insurance to the customers. You will not have to face any hassle during the entire application and documentation process. 

Whether you are a new customer or an existing one to buy or renew your car insurance policy, Universal Sompo makes sure the process is carried out smoothly and quickly with minimal documentation. Thus, you will save time. 

4. Add-ons

One of the major benefits of Universal Sompo car insurance is that you can pay a sum of extra premium and buy additional benefits to increase coverage and enhance your policy. Universal Sompo four wheeler insurance add-ons include cash allowance, zero-depreciation cover and invoice value cover. 

5. Customer Help

Universal Sompo car insurance makes sure you don’t suffer any doubts or confusions by providing a 24x7 customer helpline which you can seek in case of any queries or concerns. Besides, it keeps you updated via sms and the web.

6. Discounts

Universal Sompo four wheeler insurance also offers discounts on premium. If you opt for voluntary deductibles or install an approved anti-theft device in your vehicle, you can get a discount on the premium. You can also avail discounts on the premium of a car that is specially designed for the handicapped, blind or mentally challenged person. 

Universal Sompo Car Insurance Coverage

Here are some important checkpoints of coverage by Universal Sompo car insurance policy you must know:

  • Third-Party Damage: The insurer will provide coverage for the property damage or bodily injuries suffered by a third-party vehicle or person. 

  • Legal Protection: In case of your involvement in any third-party loss such as permanent injury or death of a person, the Universal Sompo car insurance will provide legal legal liability cover.

  • Natural Calamities: Events of natural-calamities such as storms, cyclones, floods, landslides, earthquakes, lightning etc. that cause heavy damage to the car are covered by this policy.

  • Man-Made Calamities: Damage/loss occurred by man-made events such as theft, riots, terrorist activity, burglary etc. are covered.

Optional Extensions in Universal Sompo Car Insurance 

Here are some optional extensions provided by Universal Sompo car insurance:

  • Legal liability to a workman or a paid driver

  • Loss of accessories

  • Personal accident cover for passengers

  • Increased legal liability for a limit of Rs. 7.5 lakhs to property damage of third party

Universal Sompo Car Insurance Add-Ons

Apart from the third-party and comprehensive car insurance policies, the Universal Sompo car insurance features add-ons (additional benefits) that you can buy paying extra premium and enhance the overall car insurance policy. 

Here are some of the add-ons that you may need:

  • Zero-depreciation cover : In a standard plan, the depreciated parts of your vehicle are always to be deducted from the settlement. But if you buy a zero depreciation add-on cover, the company will not take the depreciation into consideration and thus, you will be able to save your expenses.

  • Return to Invoice : In return to invoice add-on cover, you can claim the on-road price of the vehicle mentioned on its invoice. This add-on is useful when your vehicle is damaged beyond repair or is lost. This add-on cover can be availed within the three years of registration of your car. 

  • Roadside Assistance : Roadside assistance add-on cover is one of the most useful add-ons which you can consider buying. If your car has suffered a breakdown and you get stuck in the middle of the road, the insurance company will arrange a towing facility for your car and reimburse the cost. 

  • Key Replacement : Key replacement cover is another useful add-on cover in case of loss of keys. If you lose the key of your vehicle and if it gets stolen, then you can use this add-on cover and get the replacement. 

  • Engine Protector : Engine protector add-on cover can be bought to cover the damage incurred by engine, gearbox or transmission issue in your vehicle due to oil/water leakage. 

Apart from the add-on covers mentioned above, you can also look into several other add-ons such as No Claim Bonus protector, daily cash allowance, consumables etc. 

Exclusions in Universal Sompo Car Insurance Policy

Now that you know what Universal Sompo car insurance policy covers, it is time to see what it does not. 

The Universal Sompo car insurance policy does not cover the damage/loss in following circumstances:

  • The accidents that take  place outside the geographical area.

  • Consequential losses, wear and tear. 

  • Losses/damages that occur when driving without a driving licence.

  • Losses/damages that occur when driving under the influence of alcohol/substance. 

How to Buy Universal Sompo Car Insurance Policy ?

There are multiple methods which you can opt for in order to buy car insurance from Universal Sompo.

Here are different ways to apply for Universal Sompo car insurance:

  • You can visit the nearest branch and ask the agent to know different plans and by one.

  • Another option to apply for Universal Sompo car insurance is to call the sales helpline.

  • You can also apply for car insurance by Universal Sompo from their official website. 

You can also know about other types of insurance

Two wheeler insurance

Cancer insurance

Life insurance

Health Insurance

Term insurance

Travel insurance

How to Apply for Universal Sompo Car Insurance Claim?

Whether it is a case of theft or a road accident, nobody wants to go through a tiring process of filing a claim. Universal Sompo car insurance makes sure you face minimum hassle and have it settled. 

For a successful claim settlement, you must follow these steps:

1. Inform the Insurer

First things first, you need to call the insurer or visit the earnest branch in order to inform them about the event. Besides that, you must provide a detailed estimate of all the repairs from the garage. 

Here is the information you need to provide:

  • Name of the insured person

  • Contact number

  • Policy number

  • Date and time of accident 

  • Location of loss

  • A brief description of accident

  • Place and contact details of the claimant

2. File an FIR

If it is a case of an event like theft, then it is an important step you need to take. You should not waste any time and visit the police station to lodge an FIR. This document will be required for further claim process. 

3. Submit documents

You must submit all the documents required by the insurer along with the claim form in order to help the claim process move without any complications. 

4. Let the Inspection Proceed

Now, the insurer will appoint a surveyor who will monitor the damages suffered by the insured car and create data which will be submitted to the company. 

5. Have Your Claim Settled

In case you have paid the cost of repair for your vehicle, the insurer will reimburse you the amount as settlement. 

In case of a third-party claim, you will need to seek a lawyer and follow up with him in order to get the claim settled.

Universal Sompo Car Insurance Premium Calculator

Here are the factors based on which the premium of a car insurance is calculated:

  • Model of Car

  • Age of Car

  • IDV 

  • Purpose of owning a car

  • Discounts (In case there are any)

Buying  a Right Car Insurance from Universal Sompo

Universal Sompo car insurance has turned out to be one of the leading insurance providers for its efficient approach towards customer services. Besides that, you should always do your part by being mindful of your requirements and budget. 

Frequently Asked Questions

1. How can I pay the insurance premium?

Here are the different mode of payment to pay the premium for Universal Sompo car insurance:

  • Cheque payment 

  • Credit card payment 

  • Direct debit from your bank account

2. How can I renew my car insurance policy?

Here are different methods to renew your Universal Sompo car insurance policy:

  • You can opt for direct debit from your bank account as per agreed date.

  • You can visit the web portal of Universal Sompo and get the policy renewed.

  • You can contact the helpline and ask about policy renewal. 

3. How is the claim settled for Universal Sompo car insurance?

Universal Sompo car insurance claim usually takes 7 days to be settled in case of minor accidents. The settlement amount is debited to the policyholder's bank account. 

Know More About

Universal Sompo Car Insurance

You're eligible for a Universal Sompo Car Insurance if you:

Are legally adult enough to handle it

Have still got it

Get a regular pay check

Make more than a basic buck

Your eligibility depends on:

Earn more than minimum income required

Maximum allowed Car Insurance is Rs. 10K to Rs. 45 lakhs

EMIs of other loans loweryour eligibility

Boost your eligibility by:

Pay off your credit card bills

Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account