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What You Need to Consider About Universal Sompo Car Insurance

By Juhi Walia
27 September 2022, 3:00 PM

Purchasing car insurance is among the essential things for you to do. It safeguards your financial well-being in the event of a collision and assists you in getting back on the road if your car is stolen or destroyed. Universal Sompo is among the leading providers of automobile insurance in India, with a wide variety of coverage choices available to meet the requirements of its customers.

Universal Sompo offers a wide range of plans, including comprehensive car insurance plans. Its comprehensive plans provide essential coverage for third-party liability, personal accidents, fire, and theft. You can also add optional coverages such as engine protection, zero depreciation, roadside assistance, and more.

Premiums for Universal Sompo car insurance plans start at just INR 2999 per year, making it an affordable option for all budgets. Discounts are available for multiple vehicles, safe driving history, anti-theft devices, and more.

The claims process is straightforward with Universal Sompo. You can file a car insurance claim online or through the mobile app, and Universal Sompo's team will take care of the rest.

5 Significant Features of Universal Sompo Car Insurance

If you are looking for a comprehensive and affordable car insurance policy, Universal Sompo car insurance is a great option to consider. Here are some significant features of this policy:

- Coverage for damage to your car caused by accidents, fire, theft, or natural disasters.
- Coverage for medical expenses incurred by you or your passengers in the event of an accident.
- Coverage for repairs to your car in the event of damage.
- 24/7 roadside assistance in the event of a breakdown or accident.
- Discounts on premium rates for cars that have safety features such as airbags and anti-theft devices installed.

Why Choose Universal Sompo Car Insurance?

There are many reasons to choose Universal Sompo Car Insurance over other insurers. Here are just a few:

- Universal Sompo offers a wide range of car insurance products, so you can find the one that best suits your needs.

- It is a highly respected and well-known insurer, so you can be sure of quality coverage.

- Universal Sompo offers competitive rates on its car insurance policies so that you can save money on your coverage.

Types of Universal Sompo Car Insurance Plans

There are three Universal Sompo car insurance plans-

  • A liability-only plan offers coverage for damages caused by the policyholder to another person, property, or vehicle.
  • Universal Sompo comprehensive car insurance plan covers damages caused by the policyholder to another person or property and damages caused by natural disasters, theft, fire, etc
  • Universal Sompo third-party car insurance plan offers coverage for damages caused by the policyholder to another person or property and medical expenses incurred by the other party.

Exclusions Under Universal Sompo Car insurance

There are specific exclusions under Universal Sompo car insurance. Here are some-

  1. Any damage caused due to war, nuclear risk, or radioactive contamination.
  2. Any intentional damage or loss caused by the insured person.
  3. Any breakdown or failure of the car due to wear and tear.
  4. Any loss or damage caused due to the use of the car for illegal purposes.
  5. Any loss or damage caused due to drinking and driving.

Add-ons under Universal Sompo Car Insurance

You can avail of various car insurance add-ons under the Universal Sompo car insurance policy. Given below are some of the most popular and beneficial Universal Sompo car insurance add-ons:

How to Apply for Universal Sompo Car Insurance Policy?

There are many ways to apply for a Universal Sompo car insurance policy. You can apply online, through an insurance broker, or directly through the company.

Apply online - you will need to provide personal information and details about your vehicle. Once you have submitted this information, you can compare quotes from different insurers.

  • Apply Through an Insurance Broker - It will do the legwork for you. Trustworthy brokers, such as Paytm Insurance, will gather quotes from different insurers and help you choose the best policy for your needs.
  • Apply Directly Through Universal Sompo - you will need to provide more detailed information about your vehicle. The company will then provide you with a quote based on this information.

Universal Sompo Car Insurance Renewal

It's that time of year again! Your Universal Sompo car insurance policy is up for renewal, and you're trying to decide whether or not to stay with the same company.

There are a few things you should keep in mind when renewing your car insurance policy. First, look at your current coverage and see if there are any areas where you could improve. For example, if you have a high deductible, you may want to consider lowering it.

Next, take a look at the prices of other companies. Even if you're happy with your current company, it's always worth shopping around to ensure you get the best rate possible.

Finally, consider any changes in your life that may impact your car insurance needs. For example, if you've recently moved, you may need to adjust your coverage to meet the requirements of your new state.

Read more - How to Renew Car Insurance Online?

Summing up

Universal Sompo is one of India's best online car insurance companies. It offers many benefits and features, making it an ideal choice for many car owners. Some critical benefits of Universal Sompo car insurance include cashless claims, 24/7 customer support, and a wide network of garages.

Read more- 4 Crucial Questions to Ask Before Buying Car Insurance


1. Is Universal Sompo a public or private entity?

The Universal Sompo joint venture has been backed with about INR 230 crores in shareholder funds (including share capital), and Sompo General Insurance is the first privatised partnership to be founded in the Indian general insurance business.

2. How much will be my Universal Sompo car insurance premium?

The premium will depend on the insured declared value of the vehicle, its age, make & model, and the add-ons selected (if any).

3. What exactly does it mean to have "zero deductible" when it comes to vehicle insurance?

You are able to collect the entire cost of replacing damaged car components with nil depreciation coverage, regardless of how much their value has decreased due to the passage of time. The depreciation value of the components will not be subtracted from the amount being claimed.

4. How can one determine whether or not they are covered by Universal Sompo?

To begin, you will need to visit the website of Universal Sompo General Insurance Company and log in to the customer portal there using the email address and password associated with your account. Simply press the search button once you have typed in your insurance policy number.

5. What exactly does it imply when someone says they have a "no-claim bonus" on their Universal Sompo vehicle insurance policy?

The no-claim bonus (NCB) is a decrease in the cost of the insurance premium that may be taken advantage of throughout the policy renewal process. If you don't claim for five successive years, you can be eligible for a discount of up to 50% on your premiums.

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