Starting at only ₹1.5 per Day*

Starting at only ₹1.5 per Day*
Universal Sompo two-wheeler insurance claim settlement is a seamless process with a robust support system’s assistance. The insurer assures claim settlement in three steps in a digital environment with a customer-first approach. No wonder Universal Somp’so two-wheeler insurance “Claim Settlement Ratio” is a healthy 90.78% during 2019-2020. Their two-wheeler insurance coverage is extensive, shielding you and your dream bike from natural and human-engineered road perils and disasters. That brings us to explore all the possibilities and processes to understand their claim settlement mechanism for an optimal experience.
One of the crucial aspects of claiming Universal Sompo bike insurance is furnishing the proper documents depending on the claim type. However, the primary documents remain uniform across all claims, with a few additional for specific situations.
You already know that the prerequisite for lodging the Universal Sompo two-wheeler insurance claim intimation is paperless. So, let us learn the steps to navigate until its settlement.
Claim Intimation: You can use the following to intimate the claim stating facts about the incident as prompted on their website.
Surveyor Appointment: The insurer assigns a surveyor to visit the spot and evaluate the loss or damage. Submit the required documents at this point for approval and confirmation of liability.
Claim Appraisal and Settlement:
The most convenient option for Universal Sompo two-wheeler insurance claim settlement is seeking cashless repairs at their network garages. Accordingly, adhere to the following steps for a seamless experience.
The Universal Sompo bike insurance claim process for reimbursement is similar to the cashless in every aspect minus the settlement. Accordingly, the cashless steps from 1 to 3 are identical. Only the settlement part varies as you submit the original repair estimate, invoice, and payment receipt to the insurer for verification after paying the expenses from your pocket. After approval, the insurer will reimburse the amount to you after factoring in the defined depreciation and compulsory deductibles.
It is in your interest to know the reasons for repudiation of Universal Sompo’s two-wheeler insurance claim to prevent its occurrence. The critical reasons are:
The no claim bonus allows you to renew the Universal Sompo two-wheeler insurance policy at a reduced premium. The no-claim bonus is an incentive offered by the insurer to promote safe driving practices. Accordingly, you earn the bonus in percentages for every claim-free year up to 50% by the fifth year.
Universal Sompo permits any number of claims during the policy term subject to the conditions of the two-wheeler insurance policy.
You can check the claim status online at the Universal Sompo website by feeding the requisite information in the “Track Status,” including the claim registration number.
The insurer’s maximum liability for third-party property loss is INR 7.5 lakh.
You can purchase Universal Sompo’s two-wheeler insurance policy for one, two, and three-year terms. And, for five years in case of first-time buyers.
You get the Universal Sompo two-wheeler insurance claim form in the insurance kit, or you can download it from their website.
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