Universal Sompo:

Universal Sompo General Insurance is the first Public Private Partnership in the Indian General Insurance Industry capitalized with some funds of over Rupees 230 Crore derived from shareholders and is a joint venture between Indian Overseas Bank, Allahabad Bank, Karnataka Bank Limited, Dabur Investments and Sompo Japan Insurance Inc.

The company was registered in November 2007 and currently it is operating through some 4000 branches and distribution centers in the Country and is considered as the fourth largest FMCG Company in India with more than 15 million retail outlets spread across the country.

The services offered by the company include Health & Critical Illness, Personal Accident & Disability, Home, Motor, Property for individuals, Offices, Shopkeepers Package and other non-life packages for Small Businessmen, apart from the existing Employee Benefit, Operational, Project Insurance, Liability and other special products provided for the Corporate sector.

An important corporate responsibility Universal Sompo General Insurance aims to fulfill is to work towards developing an understanding of safety and risk management in the society which caters to the individual property level providing advice to prevent any problems in the future.

The company is active in almost all product lines, catering to five classes: Property, Marine, General Accident, Workmen Compensation and Motor.

In the very first year of its operations in India, Universal Sompo General Insurance earned around Rupees 50,000 Crore as total premium income which is equivalent to twice the premium income earned by the General Insurance Industry in the country.

The company is still working on alternatives to maintain the standing and reputation held so far by ensuring quality services which help individuals make better deals for their investment plans. Through the 24 hour help line of SMSs and calls the company aims at providing a platform which answers queries of different customers and groups holding the insurance policies.