Universal Sompo General Insurance Co. Ltd.

About Universal Sompo General Insurance Co. Ltd.

Universal Sompo is a joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and a global insurer, SOMPO. The company’s paid-up capital is Rs 368 Cr; Shareholders’ Net worth is over Rs. 1441 Cr ; Gross Direct Premium Rs. 4622 Cr ; Assets Under Management (AUM) Rs. 4612 Cr; Solvency at 1.80 times. The company is headquartered in Mumbai and has 142 offices countrywide with representation through its digitally enabled employees. It has a strong distribution network of Agents, Point of salespersons, Bank Branches, Automobile Dealers, Brokers, Common Service Centres, and Digital Platforms. The company offers 234 IRDAI-approved products and 1494 Add-on covers, ranging from Motor, Accident & Health, Home for Individuals, Shopkeepers Package, Crop and other non-life packages for SMEs, Fire, Marine, Engineering, Employee’s Benefit, Project Insurance, Liability, and other special products for Corporates. Microinsurance covers the Rural segment.