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.

 4.5 / 5.0   by 2625 users
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Universal Sompo Motor Insurance Reviews

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  • United India Car Insurance
    "For new car, don't go for it"
    0.5 4.0/5 "Great!"
    The amount they are charging is less thats the reason i opted the car insurance policy from united India. I pay the premium amount of Rs. 2500. This is a third party insurance policy. Through consultancy, i used to renew my policy. I have not applied for any claim so far.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 16, 2019
  • HDFC Ergo
    HDFC Ergo Car Insurance
    "Whichever policy, Go for Zero dept"
    0.5 4.0/5 "Great!"
    My car insurance policy was with HDFC ergo because it was recommended by my dealer. I had claim experience and it was cashless and good. I did not pay anything from my pocket within 3 days, they have processed the claim and handed over my vehicle. It was a zero depreciation policy.
    Was this review helpful? 0
    , greater noida
    Reviewed on Jul 15, 2019
  • ICICI Lombard Car Insurance
    "Good policy "
    0.5 3.0/5 "Satisfactory"
    Every time, i used to visit their showroom to renew my car insurance policy. I'm receiving the no claim bonus. This is a bumper to bumper covered policy. I pay the premium amount of Rs. 10000 and I'm not sure about the IDV value. They are providing the hard copy of the documents immediately. I do not have any claim experience.
    Was this review helpful? 0
    , greater noida
    Reviewed on Jul 15, 2019
  • HDFC Ergo Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    HDFC ERGO GENERAL INSURANCE is the company where I have taken the car insurance policy for life time policy, the premium amount is nominal I use to yearly basis. I use to do payment through an online. Their service is good. They used to process the claim as soon as possible and they will take care of the claim.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 13, 2019
  • Royal Sundaram Car Insurance
    "Should be transparent"
    0.5 1.0/5 "Really Bad"
    I met with an accident, I had to get it claim because I have Royal Sundaram car policy it was bumper to bumper at the time of enrollment they said its fully covered. But when I went for the claim, the insurer said car engine was not covered. Then I fought with Royal sundaram Insurance company. They quoted 1.40 lakh claim value and they made me to pay Rs. 70,000 from my end. However the additional cost of engine protection is just around Rs. 400 but I paid the premium of Rs. 20,000. I am very disappointed with them because they are not transparent. So I suggest to all, before going policy make sure whether its fully covered.
    Was this review helpful? 0
    , chennai
    Reviewed on Jul 13, 2019
  • Royal Sundaram Car Insurance
    "Policy not up to the mark"
    0.5 3.5/5 "Pretty good"
    The policy was overall good but end of the day i was not satisfied with the policy. When i purchase the policy, they said its a zero depreciation policy and its nil dept. But when i applied the claim, they have given me a claim only for 50%. In that, my car steering was not covered, Some engine parts and bumper was not covered.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 13, 2019
  • New India Car Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have bee using the car insurance policy with NEW INDIA ASSURANCE where the customer support is prompt by giving the information regrading the policy expiry date. I had no claim also the IDV value is good provided with the insurance policy.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 10, 2019
  • ICICI Lombard Car Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have purchased the two wheeler insurance policy with the ICICI LOMBARD GENERAL INSURANCE where i had no claim experience with the policy. The premium paid was nominal also the IDV value is good with the policy. The service is good with the policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 10, 2019
  • National Insurance Car Insurance
    "Good Claim Experience"
    0.5 4.0/5 "Great!"
    I believe the premium is lesser for National Insurance car policy and they have good claim ratio when compared to private sector but the service needs to be improved. I done a claim there a small damage within a week time they came and took the details and within 15 days I got the reimbursement. I paid last premium of Rs. 10,461 for my Maruthi Baleno car.
    Was this review helpful? 0
    , pune
    Reviewed on Jul 09, 2019
  • Oriental Insurance Car Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I am using the policy since from last 2 years with ORIENTAL INSURANCE where they have given coverage is for bumper to bumper. The premium paid was nominal and the IDV value was good also there was a road side assistance. No claim bonus is there with the policy.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 08, 2019
  • Bajaj Allianz Car Insurance
    "Good policy"
    0.5 4.0/5 "Great!"
    When i purchased my new car, i have bought the car insurance from Bajaj Allianz. I have made th premium amount of Rs. 33000 for the coverage amount of Rs. 9 lakhs. I do not applied for any claim till now. For the premium amount has taken along with the loan amount.
    Was this review helpful? 0
    , kochi
    Reviewed on Jul 06, 2019
  • New India Car Insurance
    "Need to improve the service"
    0.5 4.0/5 "Great!"
    Taken my car insurance from New India. My dealer has given the policy with them and I'm continuing with the same company. I pay the premium amount of Rs. 16000 for the coverage amount of Rs. 7.50 lakhs. I haven't got my no claim bonus. When i informed about the same, they were not ready to provide proper response.
    Was this review helpful? 1
    , kochi
    Reviewed on Jul 06, 2019
  • National Insurance Car Insurance
    "Excellent car insurance policy"
    0.5 4.5/5 "Excellent!"
    I went to the dealer and he had a tie up with the National Insurance company hence i have chosen them. I paid the premium amount of Rs. 22000. They have provided me a coverage amount of Rs. 4 lakhs. They have provided me a hard copy of the documents. Its a zero depreciation policy. I get a facilities of no claim bonus, roadside assistance.
    Was this review helpful? 0
    , rewari
    Reviewed on Jul 05, 2019
  • HDFC Ergo Car Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    HDFC ERGO GENERAL INSURANCE is the company where i am using the car insurance policy since from last 6 months also the premium paid was nominal added on that the IDV value is nominal with the policy. The policy coverage is for bumper to bumper with the policy.
    Was this review helpful? 0
    , jamnagar
    Reviewed on Jul 05, 2019
  • review Car Insurance
    "EXCELLENT"
    0.5 5.0/5 "Blown Away!"
    I have been using the car insurance policy with the BHARTI AXA GENERAL INSURANCE where i have no claim experience also the premium paid was nominal also the IDV value was good with the policy. The policy coverage is for full also it is a good policy.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 05, 2019
  • New India Car Insurance
    "Need to experience the policy"
    0.5 5.0/5 "Blown Away!"
    New India insurance has a tie up with Maruti since i have a Martui Swift i have chosen them. I pay the premium amount of Rs. 11000 approximately. I get a coverage value of Rs. 5.86 lakhs. I do not have any claim experience so far from the purchasing date.
    Was this review helpful? 1
    , jaipur
    Reviewed on Jul 03, 2019
  • ICICI Lombard Car Insurance
    "Genuine service provider"
    0.5 4.0/5 "Great!"
    I done one claim with ICICI Lombard during flood time, the service is good and genuine. There was no charges applicable because I have zero depreciation plan. They have tie up with many work shop and premium is higher but the service is prompt.
    Was this review helpful? 0
    , chennai
    Reviewed on Jul 02, 2019
  • New India Car Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have been using with the NEW INDIA ASSURANCE where i had claim once with the policy and i had a claim experience and i got reimbursement of 50%. The policy coverage is for bumper to bumper. I have paid the premium was 7K and the IDV value is 80% provided.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Jul 01, 2019
  • ICICI Lombard Car Insurance
    "Should be faster"
    0.5 5.0/5 "Blown Away!"
    Last year I paid the premium of Rs. 8000 for taking comprehensive plan. I have 2013 model santro car it have good insured value. ICICI Lombard got tied up with many garages and work shops. When my wind shield got damaged they took 45 days for reimbursing the money.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jun 30, 2019
  • Oriental Insurance Car Insurance
    "Good car insurance"
    0.5 5.0/5 "Blown Away!"
    1 year back, i have taken my car insurance policy. Since the dealer has suggested me a policy with the oriental i have chosen them. I am paying the premium amount of Rs. 9000 for the coverage value of Rs. 1.30 lakhs and iâ??m satisfied with it. This is covered for 100% hence zero depreciation policy. It has a facilities of road side assistance, no claim bonus etc.,
    Was this review helpful? 0
    , coimbatore
    Reviewed on Jun 30, 2019
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