logo
Religare

Universal Sompo General Insurance

The Universal Sompo General Insurance Company Limited is a private-public joint venture and India’s first public-private partnership in the general insurance industry. The company is headquartered in Mumbai, India. This general insurance company is a joint venture of two nationalized banks – Allahabad Bank and Indian Overseas Bank, one private sector bank – Karnataka Bank Ltd., one FMCG – Dabur Investment Corp., and a leading general insurer from Japan – Sompo Japan Nipponkoa Insurance Inc.
The company offers a wide spectrum of insurance products including health & critical illness, personal accident & disability, home, motor, property insurance, and other special products for corporates.

Cities

Plans Offered by Universal Sompo General Insurance

Universal Sompo health insurance plans are offered for a wide range of customer segments, along with a range of add-on covers, so you may avail the best possible coverage. Together with a huge experience and the wide expertise of the partner companies, Universal Sompo has good claim records and customer reviews.

    Plan Name : Individual Health Insurance

      About the Plan:

      This plan is an individual health insurance policy by Universal Sompo, but can be extended to cover your family as well. This policy will pay for the hospitalization expenses as well as domiciliary hospitalization, in case of an illness or accidental injury, during the policy period.

      • Maximum coverage under the policy is ₹ 5 lakh.
      • The coverage of the policy is however, restricted to sum insured (the maximum amount that the company will pay out as claims) and the sub-limits (placed on various medical expenses) provided in the policy terms and conditions.
      • The policy premium will be calculated according to the age of the insured and the chosen sum insured.
      • The policy entry age is less than 55 years, and if you or your dependent’s age is more than 45 years, medical checkups will need to be conducted before the policy can be issued.
      • You can extend the policy cover on additional premium payment, to get protection against certain critical illnesses as well.

          Benefits

          • The policy will cover expenses related to in-patient (in hospital) and domiciliary (at home) hospitalization. These expenses will be subject to sub-limits listed in the policy and will have to be within the overall limit of the total sum assured.
          • The in-patient coverage includes room rent, boarding expenses, nursing expenses, surgeon or specialist fees, charges for blood, oxygen, etc.
          • Domiciliary hospitalization includes medical treatment, for a period exceeding 3 days, at home in case of lack of available beds in the hospital or if the patient is not in the condition to be moved to a hospital.
          • The premium paid is exempted from tax under Section 80 D of the Income Tax Act.

              Plan Name : Plan Name – Group Health Insurance Policy

                About the Plan

                This group health insurance by Universal Sompo is offered to groups, including employees in trading and manufacturing or social sectors, and/or the members of an institution/society/association/club. The policy will pay the insured person(s) hospitalization and domiciliary hospitalization expenses, in case they suffer an illness or accidental injury during the policy period.

                • The policy coverage and the amount you can claim in a policy term depend on the total sum insured and the sub-limits, as written in the policy document.
                • Policy premium is calculated according to the age of the insured, family size, and chosen sum insured.
                • Maximum coverage offered is ₹ 5 lakh.

                    Benefits

                    • The policy will cover expenses related to in-patient (in hospital) and domiciliary (at home) hospitalization, subject to sub-limits. The overall claim amount will be within the overall limit of the sum assured (maximum amount covered under the policy).
                    • The in-patient coverage includes room rent, boarding expenses, nursing expenses, surgeon or specialist fees, charges for blood, oxygen etc.
                    • Domiciliary hospitalization includes medical treatment for a period exceeding 3 days at home due to lack of accommodation or if the patient is not in the condition to be moved to a hospital.
                    • You can extend your policy cover by paying additional premium, to include critical illness, maternity benefit, hospital cash, pre-existing diseases, and family floater covers to your existing policy.

                        Plan Name : Critical Illness Insurance Policy

                          About the Plan

                          • Critical illness insurance covers you and your family against critical illnesses, such as heart attack, liver failure, etc. and pays a lump sum amount on the diagnosis of a critical illness that is mentioned in the policy terms.
                          • This policy can be taken by an individual for covering himself/herself, his/her spouse, his/her parents and/or parents-in-law. However, the sum insured will be similar to that of an individual basis policy, to be shared by the family members.
                          • Entry age for the proposer is 18 years and maximum age is 65 years.
                          • For others covered under the policy, the minimum and maximum entry age is 5 years and 65 years respectively.
                          • Medical examination is required only above 55 years of age and/or on basis of the insured person’s medical conditions.

                              Benefits

                              The critical health insurance by Universal Sompo will provide a lump sum amount up to the sum insured as selected by you under the policy and according to the policy terms and conditions. Critical illnesses included in the policy are-

                              • Cancer of specified severity
                              • First Heart Attack of specified severity
                              • Open Chest CABG
                              • Open Heart Replacement
                              • Coma of Specified Severity
                              • Kidney Failure requiring regular dialysis
                              • Stroke resulting in permanent symptoms
                              • Major Organ /Bone Marrow Transplant
                              • Motor Neurone Disease with Permanent Symptoms
                              • Permanent Paralysis of Limbs
                              • Multiple Scelerosis with persisting symptoms

                                  The sum insured is payable under certain conditions, if-

                                  • The critical illness first occurs during the policy period.
                                  • The signs or symptoms of the critical illness start after 90 days from the date of commencement of the policy.
                                  • The diagnosed person survives for a minimum period of 30 days from the date of diagnosis.

                                      You can purchase Universal Sompo health insurance online. But, before you make a purchase make sure to compare Universal Sompo health insurance plans to make an informed choice.

                                        Benefits

                                        Claim Process at Universal Sompo General Insurance

                                        You can file a claim under your Universal Sompo health insurance policy in two ways – Cashless Claim or Reimbursement Claim. You can file for any number of claims during the policy period. However, the policy sum insured will be the maximum limit that the Company will pay out for claim settlement during the policy term.

                                        Review of Universal Sompo General Insurance Company Limited

                                        USGI was founded in the year 2007 and since then, it has been offering a range of customer-oriented insurance products. USGI boasts of an impressive product portfolio that caters to individuals, SMEs, and large corporates. The Company has a pan India presence, with 113 Branches and 17 Zonal Offices, and offers about 102 IRDA approved products. Universal Sompo has a dedicated 24*7 Claim Care Helpline no. 1800 200 5142, and an impressive claims settlement ratio of 99.23%. A range of health insurance policies that cater to different segments of the society, along with add-on covers to suit various customers’ needs have made Universal Sompo health insurance plans a preferred customer choice.

                                        greencity