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.
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.
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.
Plan Name : Critical Illness Insurance Policy
About the Plan
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-
The sum insured is payable under certain conditions, if-
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.
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.
In cashless claims, the insurer will directly settle all the bills (limited to the sum insured of the policy) directly with the network hospital. You will only have to pay any excess amount (that goes over the sum insured). For availing the cashless facility, you will have to inform the insurer and seek an approval before hospitalization for planned treatments and during hospitalization for emergency treatments.
Steps for a cashless claim:
You can file for reimbursement claim in case the treatment has not been done at a network hospital. In such a claim, you will have to pay for the medical expenses out of your pocket and then file for a claim to settle the bills with the company.
Steps for a reimbursement claim:
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.