Universal Sompo Motor Insurance

Universal Sompo General Insurance Co.Ltd. is a prominent insurance provider in the Indian insurance space, offering world-class products and services to its vast customer base. It has a robust claim settlement ratio of 99.23% and observes a short turnaround time for the resolution of customer queries/issues. The company issues a wide range of insurance products, including health, motor, commercial, and miscellaneous insurance.

Why Should You Buy Motor Insurance From Universal Sompo?

The insurance company offers motor insurance with extensive coverage for the protection of various kinds of motor vehicles. The benefits of choosing Universal Sompo are:

  • You can buy motor insurance online effortlessly.
  • The insurance company enables you to make updates to the existing insurance policy by issuing online endorsements. Getting endorsements online is very useful as it reduces the overall time taken for the process.
  • The registration process with the insurer progresses in a highly efficient manner.
  • It is possible to track the status of a claim by logging in to the insurer’s website.
  • The process of grievance management is very efficient and effective.
  • The payout for all claims are done through RTGS/NEFT. This reduces the overall turnaround time for claim settlement by a considerable amount.
  • It is possible to renewal your motor insurance policy online in an easy and efficient manner.

Types Of Motor Insurance From Universal Sompo

Universal Sompo offers the following types of motor insurance policies to its customers:

  • Private car insurance - This plan offers insurance protection to vehicles that are used for domestic, social, or pleasure purposes. This policy protects the vehicle from the following losses:
    • Explosion, fire, theft, lightning, riots, malicious acts, strikes, earthquakes, flood, accidents, in-transit damages, typhoons, burglary, terrorist activities, rockslides, and landslides.
    • It also protects from liability claims raised by a third party for injuries, death, or property damage.
    • The owner-driver of the insured vehicle is offered personal accident cover under the plan.
  • Two-wheeler insurance - This plan is offered to the owners of bikes and scooters in the country. The coverage under the two-wheeler insurance policy is similar to that of the private mentioned above. The insurance coverage under this plan is valid for 1 year.
  • Passenger carrying vehicle insurance - This insurance plan is configured to protect vehicles that carry passengers. Vehicles used for pace making, racing, speed testing, and reliability trials are not included under the coverage of the plan.
  • Goods carrying vehicle insurance - This plan offers insurance protection to a goods carrying vehicle used by the policyholder or his/her employees. Vehicles used for hire or reward are also covered.
  • Miscellaneous vehicle insurance - This plan is offered to vehicles that are used for special purposes by the policyholder or his/her employees.
  • Two-wheeler long term package policy (TWLTPP) - This insurance plan is offered to the owners of two-wheelers, and the coverage term under this policy can be 2 or 3 years.

Universal Sompo Third-Party Liability Insurance Policy - Inclusions

A customer can choose to buy a limited motor insurance cover from Universal Sompo. This is referred to as third-party liability insurance or liability-only plan. This policy offers the following coverage to the insured vehicle and the policyholder:

  • Legal liability claims protection for injuries/death - This refers to protection from liabilities to a third party following an accident. Third-party injuries and death are offered unlimited coverage.
  • Legal liability claims for property damage - This refers to protection from liabilities arising out of property damage of a third party following an accident.

Universal Sompo Comprehensive Motor Insurance Policy - Inclusions

The comprehensive motor insurance cover from Universal Sompo includes protection from the following events:

  • Damages due to fire, lightning, self ignition, or explosion
  • Losses from housebreaking, burglary, or theft
  • Losses from strikes and riots
  • Losses arising out of shock and fire damage due to earthquakes
  • Damages due to hurricane, typhoon, tempest, storm, cyclone, inundation, frost, or hailstorm
  • Damages from accidents
  • Losses due to malicious activities
  • Losses from terrorist acts
  • Damages to the vehicle while in transit via rail, air, road, inland waterways, lift, or elevator
  • Losses from landslides or rockslides

The coverage provided by the comprehensive policy can be enhanced by employing add-on covers that are offered by the insurer at a nominal cost.

Universal Sompo Motor Insurance - Exclusions

The Universal Sompo motor insurance policy does not offer protection from the following events:

  • Accidents that occur outside the specified geographical area
  • Normal wear and tear of the vehicle or its parts
  • Consequential losses
  • Driving the insured vehicle without a valid license
  • Driving while intoxicated with liquor or drugs
  • The insured vehicle being used beyond limits

Universal Sompo Motor Insurance FAQs:

  1. What are the discounts offered by Universal Sompo on motor insurance?

Universal Sompo offers the following discounts to its motor insurance customers:

  • No Claim Bonus (NCB) for not raising any claim in a policy year
  • Premium discount for choosing higher voluntary deductibles
  • Approved anti-theft device installation discount
  • Premium discounts for vehicles that are designed for handicapped, blind, or mentally-challenged people
  1. What are the add-on covers for motor insurance that I can buy from Universal Sompo?

The following add-on covers are provided by Universal Sompo to supplement a comprehensive motor insurance policy:

  • Nil depreciation cover
  • Daily cash allowance
  • Return to invoice (RTI) cover
  • Key replacement cover
  • Accidental hospitalisation cover for the family of the owner-driver
  • Consumables cover
  • Roadside assistance cover
  • Secure towing cover
  • Engine protector cover
  • Cover for hydrostatic lock
  • NCB protector
  • Cover for loss of registration certificate or driving license
  • Insurance at manufacturer’s selling price
  • Cover for emergency transportation and hotel expenses
  • Loss of personal belongings cover
  • Extra cover for accidental injury
  • Extra cover for accidental injury compensation for the family
  • Child education support cover
  1. If my vehicle is involved in an accident do I need to report it to the police?
  2. After an accident, you will have to get in touch with the police and obtain an FIR under the following circumstances:

    • Injury to a third party
    • Theft of the insured vehicle, its parts, or accessories
    • Losses/damages to the vehicle caused by rioters, miscreants, arsonists, terrorists, etc.
    • All incidents involving commercial vehicles
  3. What happens after I notify the insurance company of a claim?
  4. After you raise a claim, a surveyor will be sent within 24 hours to inspect the vehicle. Following this, the vehicle can be repaired at a garage. In case you have opted for a network garage, the repair costs are settled directly between the insurance company and the garage. If you choose a non-cashless workshop, you will have to pay for the repairs yourself and raise a reimbursement claim. Along with the updated claim form, you will also have to submit the original repair invoice and payment receipts. The claim amount will be paid out within 7 working days of reception of the documents. The surveyor will also inspect the vehicle after the repairs.

  5. Can I raise a claim for damages that have accumulated over time?
  6. No, this is not possible. Each loss will have to be reported separately to the insurer and surveyed according to existing procedures.

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Universal Sompo Motor Insurance Reviews

Page 1 of 50 1 2 3 4 5
  • Universal Sompo Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have applied car insurance from Universal Sompo through online, my company has provided me this insurance. One time payment i made Rs.23,000 and still there is a no claim and also i 'm getting a no claim bonus for this car insurance. I have given all my documents and they given document also.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 18, 2020
  • New India
    New India Car Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I have taken a car insurance from New India because when I taken my car, they have provided the policy from this company and I have been renewing with the same one. I pay the premium amount of Rs. 7,000 and they are giving me a IDV value up to Rs. 5L. I used to renew the policy in their branch office and the response was good. They don't sent any notification regarding the policy expiry.
    Was this review helpful? 3
    , pune
    Reviewed on Mar 11, 2020
  • review Car Insurance
    "Worst exeperience"
    0.5 0.5/5 "Unacceptable"
    1.Fraud company 2.No Transparancy 3.For one accident surveyor asked to intimate 2 claim for zero dept policy 4.disgusting service 5.Customer care doesn't know about the product and dont know the process 6.Making fool to customers by not saying the hidden charges 7.surveyor is non professional 8.Tries to profit the service center by changing unwanted items and forcing customer to pay more than the insurance amount
    Was this review helpful? 0
    , pune
    Reviewed on Mar 06, 2020
  • Reliance General Car Insurance
    "Excellent policy"
    0.5 4.0/5 "Great!"
    I chosen my car insurance from Reliance because the car where I have purchased those guys deal with the Reliance. If something happened I should not be in a trouble so I agree with them. They are providing a good IDV value for my car. They are sending me a notification through the call and SMS. I used to renew the policy at home because the agent use to come to my place for renewing the policy.
    Was this review helpful? 0
    , jammu
    Reviewed on Mar 05, 2020
  • HDFC Ergo Car Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    By online randomly I have chosen the car insurance from HDFC Ergo. Their claim ratio is really good. I pay the premium amount of Rs. 19,000 on a year and they are giving me IDV value of Rs. 1.70L. This is a comprehensive policy which covers for 100%. I have a claim experience which is good but I need to pay the claim fee of Rs. 1000.
    Was this review helpful? 0
    , rajkot
    Reviewed on Mar 05, 2020
  • Magma HDI Car Insurance
    "CHEAP AND BASTERS MAGMA MOTOR INSURANCE "
    0.5 0.5/5 "Unacceptable"
    They are very cheap, kamine type people.They talk with customer very rudely.And they play a trick with customer after accident or during claim.Firstly they not visit.And after one week they visit and hold all work .After two week they will ask that MAGMA want to visit the accident site with customer.Till that time customer become frustrate becs their motive is also to frustrate the customer so that customer deny to take the claim.And one importent thing they will say if customer could not visit accident site with MAGMA then no claim will approved becs their motive is do same. SO NOT TAKE ANY INSURANCE FORM MAGMA.KAMINE LOG HAI GHATIYA KISM KE .
    Was this review helpful? 2
    , gurgaon
    Reviewed on Mar 04, 2020
  • ICICI Lombard Car Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    From ICICI Lombard, i have selected my car insurance because its collaborated with Maruti Suzuki showroom hence its easy to claim the insurance. My claim experience is good and they have sanctioned the claim in 3 days. This is a comprehensive insurance plan. I pay the premium amount of Rs. 12000.
    Was this review helpful? 0
    , ludhiana
    Reviewed on Mar 03, 2020
  • ICICI Lombard Car Insurance
    "Good "
    0.5 3.0/5 "Satisfactory"
    My car insurance was taken from TATA AIG because i am holding the policy with the same company for almost seven months and i have not done any claim so far. Paying the premium amount of Rs. 90000 for the tenure of three years for the car insurance.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 02, 2020
  • United India Car Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    My company has provided me a car insurance from United India. The agent who work with us as a colleague provided me this policy. The premium amount is coming around Rs. 16000. They are giving a coverage amount of Rs. 12 lakh. This is a first party comprehensive plan. I'm getting a no claim bonus and road side assistance as well.
    Was this review helpful? 1
    , mangalore
    Reviewed on Mar 01, 2020
  • New India Car Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    My car insurance was taken from New India because i am holding the policy with the same company for almost 30 years and i have done the claim twice so far. My claim experience is really good because they have done a cashless claim upto 90%. I have been paying the premium amount of Rs. 8500 per year and they are giving a IDV value of Rs. 3 lakhs.
    Was this review helpful? 0
    , jamshedpur
    Reviewed on Feb 27, 2020
  • Universal Sompo Car Insurance
    "Good Insurance"
    0.5 5.0/5 "Blown Away!"
    Taken my car insurance from Universal Sompo because the premium is less when i compared to other insurance provider, they have provided me a IDV value of Rs. 4 lakh. When i have done the cashless claim, they have sanctioned in 2 days. I'm getting renewal message in prior when the policy is getting lapsed. This is a first party insurance policy.
    Was this review helpful? 0
    , chennai
    Reviewed on Feb 20, 2020
  • Reliance General Car Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    My friend has referred me about the car insurance from Reliance. I pay the premium amount of Rs. 10,200 for this policy. This is a third party insurance. My friend is working as a agent and he will renew the policy. I have not approached them for any kind of claim. They use to send the reminders to renew the policy.
    Was this review helpful? 1
    , tirupur
    Reviewed on Feb 20, 2020
  • Oriental Insurance Car Insurance
    "One of the best policy"
    0.5 5.0/5 "Blown Away!"
    My car insurance was selected from Oriental insurance since the branch office is located to nearby my office. I pay the premium amount of Rs. 6000 for that they are providing me a IDV value of Rs. 2.8 lakhs. This is a first party insurance. Even though i don't have any claim experience, they have not provided me any no claim bonus.
    Was this review helpful? 0
    , guwahati
    Reviewed on Feb 19, 2020
  • National Insurance Car Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    For the economical and low premium purpose, i have chosen the two wheeler insurance from National. I pay the premium amount of Rs. 7000 every year and they are giving the IDV value of Rs. 4 lakh. I used to renew the policy in the branch nearby located to my place. I have no claim experience till now.
    Was this review helpful? 1
    , kolkata
    Reviewed on Jan 30, 2020
  • National Insurance Car Insurance
    "Excellent policy"
    0.5 5.0/5 "Blown Away!"
    TATA AIG car insurance is pretty awesome policy. So I have taken my car insurance from this company because they are providing me a bumper to bumper offer, comprehensive policy even if the car is 7 years old and this is the only company who provides this facility. To apply the claim is very easy in a single call. They have provided me 100% claim.
    Was this review helpful? 1
    , bangalore
    Reviewed on Jan 28, 2020
  • United India Car Insurance
    "Secure and fast claim"
    0.5 5.0/5 "Blown Away!"
    My car insurance was purchased from United India and i have been renewing the policy with the same company for last 5 years. My claim experience is very fast and there is no struggle in getting the claim. The person will come to the spot by the next day once we applied the claim. I got the claim upto 90%. I have been receiving the no claim bonus also.
    Was this review helpful? 1
    , kochi
    Reviewed on Jan 22, 2020
  • Royal Sundaram Car Insurance
    "Money waste policy"
    0.5 1.0/5 "Really Bad"
    I have taken my car insurance from Royal Sundaram at earlier but I'm not satisfied with their services. When i applied for my claim, they have taken most of the part and they didn't provide the cashless claim in their garages. Quality of service is not that much good. I bought the policy through online. They didn't promised their word.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 21, 2020
  • Oriental Insurance Car Insurance
    "Need to improve the service"
    0.5 4.0/5 "Great!"
    ORIENTAL INSURANE has provided a car insurance and they have provided me a better offer with the better quotation including the bumper to bumper offer so that i took the same and till now i never spoke with the customer care also. I have not approached for them for any claim. They have offered me a coverage value of Rs. 3.5L. I have renewed the policy in online.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 21, 2020
  • United India Car Insurance
    "Service is good"
    0.5 4.0/5 "Great!"
    Took my car insurance from United India based on the agent suggestion. I pay the premium amount of Rs. 3600 its because of the no claim bonus and some extra discounts. I have not applied any claim till now. From 7 years, i have been renewing the policy with the same company. They will give reminder call and I'm getting SMS from United India before the policy expiry.
    Was this review helpful? 1
    , jaipur
    Reviewed on Jan 16, 2020
  • New India Car Insurance
    "Good policy"
    0.5 4.0/5 "Great!"
    Chosen my car insurance from New India since its a government sector company and i have a known person over there. There is no cashless claim i had because there is a delay in that and it takes almost 1 week. They are giving claim upto 70% since my vehicle is old one. I pay the premium amount of Rs. 12500 on every year. They said they are providing a road side assistance and no claim bonus facility.
    Was this review helpful? 3
    , coimbatore
    Reviewed on Jan 16, 2020
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