Comprehensive Policy Universal Sompo Motor Insurance

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For many of us, our vehicles aren't just our modes of commute or another machine, but much more than that. This is how you get to work, go on a vacation, or even take a relaxing breather. It is personal and always there as your partner in daily chaos and happiness. Now imagine it getting bumped or scratched. The damage isn't simply financial, but emotional too. And the bills? Bigger. Here comes a comprehensive motor policy.

Universal Sompo Motor Insurance Comprehensive Policy ensures that you do not have a policy just for legal compliance, but much more. It offers a financial shield against unforeseen circumstances. From dents and repairs of your own car to cover expenses in case of third-party liabilities, it has got you covered.

Highlights of Comprehensive Policy Universal Sompo Motor Insurance

Claim settlement Ratio – 98.87%

NCB – Available, starts at 20%, up to 50% (maximum

Network Garage – 11300+

Road Side Assistance – Available

Affordable premiums to ensure coverage for varied budgets.

Pan-India presence with a network of 13,500+ cashless garages.

24/7 assistance is available all around the clock to help you.

Easy accessibility with a quick claim process

Get all your insurance related queries answered

Universal Sompo Motor Insurance Comprehensive Policy: Highlights

Here are some of the highlights of the Universal Sompo Motor Insurance Comprehensive Policy Insurance Plan:

Particulars	Details
Policy Name	Universal Sompo Motor Insurance Comprehensive Policy
Insurance Company	Universal Sompo General Insurance
Benefits	Legal compliance Protection against financial loss Protection against man-made and natural disasters Personal accident cover No claim bonus Third-party liability coverage Attractive add-ons Peace of mind
Add-ons	Depreciation waiver Preferred garage network NCB protector Engine protector Roadside assistance cover Return to invoice Cost of consumables key replacement clause Secure towing Wrong fuel cover Loss of driving license
Availability	24*7 customer support
Cashless Garages	13,500+
Claim Settlement Ratio	94% (FY 2023-24)

Wish to Enhance Your Coverage? Take a look at the Riders Available with Universal Sompo Motor Insurance Comprehensive Policy

Looking to make your plan more comprehensive and customised? Well, you might consider choosing suitable add-ons. These enhancements make your Universal Sompo Motor Insurance Comprehensive Policy more well-rounded and personalised according to your needs and requirements. Here are some popular add-on options you may look out for.

Add-On Covers	Details
Preferred Garage Network	With this rider, you ensure you get your motor repairs done at any particular network garage you want. This can be based on factors such as cashless claims, easy and quick service, and others.
Engine Protector	Imagine oil leaks and waterlogging. Scenarios like this can cause significant damage to the engine, resulting in costly engine repairs. With this add-on, your comprehensive policy covers such engine repair costs, ensuring full protection and budget-friendly repairs.
Depreciation Waiver	In the event of repairs, this add-on helps you claim the full amount with no deduction for depreciation costs. Therefore, it helps you save from paying the depreciation costs of parts during repairs.
NCB Protector	With this rider, you protect your bonus even if you file claims. Therefore, allowing you to reduce your premiums during your compensation motor insurance renewal.
Roadside Assistance Cover	Imagine you're driving, and your vehicle gets stuck, and so do you. With roadside assistance cover, you ensure you're not stranded in such situations, and get immediate help and get going.
Return to Invoice	With a return to invoice cover, you ensure you are paid the full value of your bike, its on-road price, including road tax and registration fee and not just IDV or Insured Declared Value.

Features and Benefits of the Universal Sompo Motor Insurance Comprehensive Policy

Securing your vehicle with Universal Sompo Motor Insurance offers a range of benefits. From a customer-centric approach to comprehensive coverage, it offers a wide range of benefits. Still curious to know more about the Universal Sompo Motor Insurance Comprehensive Policy? Here are some of its features and benefits that you may want to consider.

Comprehensive Coverage

One of the prominent features of the Universal Sompo Motor Insurance Comprehensive Policy is its broad coverage. Starting from protection against theft, to financial security against natural disasters, third-party liability coverage, and coverage for your own vehicle’s damage and repairs, the policy offers extensive coverage. This means you can protect your vehicle against a variety of financial mishappenings with a comprehensive policy.

Legal Compliance

Having third-party motor insurance is compulsory according to the Motor Vehicles Act of 1988. Therefore, with the Universal Sompo Motor Insurance Comprehensive Policy, you're not only adding security but also ensuring legal compliance. This ensures you're a responsible driver and avoids any chances of fines or penalties caused by uninsured vehicles.

Protection Against Financial Loss

Accidents can happen to anyone, no matter how careful you are. With such unpredictability, the next best and most effective way to secure your vehicle is to insure it. With the Universal Sompo Motor Insurance Comprehensive Policy, you ensure you do not have to pay for expensive repairs in case of an accident. Instead, your insurance covers the damage to the third party and your own vehicle. Plus, financial loss against disasters, vandalism, and theft is also covered.

Wide Network of Cashless Garages

With the Universal Sompo Motor Insurance Comprehensive Policy, you get access to more than 13,500 garages. Additionally, when it comes to repairs, you will need to pay directly to these garages. Instead, you simply need to show your policy, and the payments will be taken care of by the insurer themselves. Therefore, you can enjoy easy, hassle-free repairs without worrying about the immediate arrangement of money.

Quick Claim Procedure

Another amazing benefit of this plan is its quick claim process. It's simple and convenient. Additionally, the claim settlement ratio of 94% demonstrates that your claims are easily and promptly settled.

Access to a Variety of Add-Ons

With the Universal Sompo Motor Insurance Comprehensive Policy, you also get access to a wide range of add-ons. These include riders like depreciation waiver, engine protector, NCB benefit, and more. These can help you make your policy more well-rounded and personalised.

No-Claim Bonus

Another benefit of this plan is a no-claim bonus. This is offered as a reward for not making any claims during a policy year. This accumulated benefit can be put to use in the form of discounts on policy premium renewals.

Universal Sompo Motor Insurance Comprehensive Policy: What is Covered?

Before buying motor insurance, it is essential to check its inclusions and exclusions to get an idea, make calculated comparisons, and do much more. So, here is a list of policy inclusions under the Universal Sompo Motor Insurance Comprehensive Policy:

Third-Party Liability Insurance

With this cover, any injury or damage caused to a third party by your vehicle is covered. Additionally, all vehicle owners are required to have third-party insurance as per the Motor Vehicle Act of 1988.

Coverage for Your Vehicle's Damage

The comprehensive policy also covers the cost of repairs and damages done to your vehicle.

Personal Accident Cover

Any medical expenses incurred due to the driver's injuries caused by an accident are also covered.

Protection Against Natural Disasters

Expenses caused by damages occurring from natural disasters like floods, cyclones, earthquakes, and more are also covered under the Universal Sompo Motor Insurance Comprehensive Policy.

Protection Against Man-made Disasters

Financial protection against damages caused by man-made disasters like vandalism, riots, strikes, etc. is also covered.

Universal Sompo Motor Insurance Comprehensive Policy: What is Not Covered?

Here is a list of policy exclusions under the Universal Sompo Motor Insurance Comprehensive Policy:

Loss or Damage Due to War

Expenses occurring because of damage done to your vehicle by war are not covered.

Loss or Damage Due to Nuclear Risk

Any damage to your vehicle in case of nuclear risks is also not covered.

Wear and Tear Damages

Normal wear and tear of your vehicle is not covered under the comprehensive policy.

Damage Caused Outside Geographical Area

Any damage done to your vehicle outside the geographical limits mentioned in the policy is not covered.

Damage Caused by a Wilful Act

Any damage caused to your vehicle because of wilful actions is also not covered.

Pros & Cons of Comprehensive Policy Universal Sompo Motor Insurance

It allows quick claim process for hassle-free claim settlement

The company works with a customer first approach

They serve customers with their PAN India Presence and network garages

They offer 27*7 assistance to customers with a strong base of support team

The insurer presents a range of add-on features which can be availed to enhance policy

The policy doesn’t cover any accidents outside the geographical area of the insurer

It doesn’t cover any consequential losses including the regular wear and tear

If the driver is driving without valid license at the time of a mishap, it does not cover the damages under the plan

Similarly, if you are driving under the influence of alcohol or drugs and cause a damage to your car in that state, it will not be covered under the plan

If the vehicle is not used as per defined limitations, which led to a damage it is not covered under the policy

Our Verdict on Universal Sompo Motor Insurance Comprehensive Policy

Having insurance might be a legal requirement and help you avoid penalties. However, your motor insurance need not be restricted to doing just that. The Universal Sompo Motor Insurance Comprehensive Policy offers a variety of benefits.

First, your vehicle receives extensive coverage, and then it is financially protected against damages caused by theft, man-made and natural disasters, third-party liabilities, and other risks. Additionally, you can enhance this coverage with various add-ons. The claims are easy to file, and you get 24*7 customer support. This ensures you can get help whenever you need it.

Therefore, if you're looking for a policy that does more than a basic job and offers well-rounded coverage with benefits like zero claim bonuses, a network of cashless garages, and easy claims, you might consider checking the Universal Sompo Motor Insurance Comprehensive Policy.

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Universal Sompo
Motor Insurance Company

Universal Sompo is a leading name in the category of general insurance companies in India. The corporation was formed as a joint venture of Karnataka Bank, Indian Overseas Bank, Indian Bank, Dabur Investment Corporation and Sompo Japan Insurance Inc., a leading general insurance company of Japan. The insurer offers wide-ranging products in the health, motor and commercial insurance categories to cover customers in retail, SME, rural and corporate segments.

Founded In

2007

Claim Incurred Ratio

83.46%

Turnover (GWP)

INR 1,819.12+ Crore

JV Partners

Indian Bank, Indian Overseas Bank, Dabur Investment Corporation, Karnataka Bank Limited & Sompo Japan Insurance Inc.

Claims Experience

Claims Experience Rating 4.7

Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?

98.87%

Network Garage –

11300+

Benefits of Comprehensive Policy Universal Sompo Motor Insurance


24/7 assistance	Available
Presence	PAN India presence
Priority	Customer-first approach
Own Car Damages	Coverage available
Convenient Repairs	Easy and quick repairs
Wide Network Garages	Available for cashless repairs
Easy Claim Settlement	Fast and hassle-free
Add-on covers	Available
NCB benefits	For every claim-free year

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You can get a duplicate policy document in case you lose the original copy by visiting your nearest branch of the insurer with a written application. You may have to pay a nominal fee as well.

It can be done by raising an endorsement request with the insurer via online means or by call, email or visiting the nearest branch of the insurer.

You can get the cashless repair services at any of the 3500+ network garages of the insurer that are spread all across India.

To file a car insurance claim, you need the following documents: Valid Driving Licence Insurance policy Registration Certificate (RC) Pollution Under Control Certificate (PUC)

Yes, you can buy a motor insurance plan from Universal Sompo online through the official website of the company.

To file a motor insurance claim, you need certain documents in handy. This includes:
The claim form

Registration certificate of your vehicle
Policy document
Driving license
Repair bills from an authorised garage
FIR in case of accidents or theft

The comprehensive motor insurance covers vehicle accessories only if they are specifically mentioned in the policy. However, you may choose from a variety of riders, like accessory covers or engine protectors, to protect your vehicle's accessories.

No, having a comprehensive motor insurance policy is not compulsory in India. However, with a comprehensive motor insurance plan, you ensure wider coverage against a variety of concerns for your vehicle. Not to be forgotten, having third-party liability coverage is mandatory in India, as per the Motor Vehicle Act of 1988.