- 1 Different Types of Plans offered by the Universal Sompo Two Wheeler Insurance Providers
- 2 Owner Damage Two Wheeler Insurance
- 3 Universal Sompo Two Wheeler Insurance- Reviews
- 4 Important Benefits of Universal Sompo Two Wheeler Insurance
- 5 Universal Sompo Two Wheeler InsuranceCare Numbers / Contact details
- 6 Features of Future Universal Sompo Two Wheeler Insurance
- 7 Universal Sompo Two Wheeler Insurance Coverage
- 8 Discounts offered by Universal Sompo Two Wheeler Insurance
- 9 Exclusions of Universal Sompo Two Wheeler Insurance
- 10 How to Claim for Universal Sompo Two Wheeler Insurance?
- 11 FAQ
- 11.1 1. Why should I choose Universal Sompo two-wheeler Insurance?
- 11.2 2. How can I get two-wheeler insurance from Universal Sompo?
- 11.3 3. Is there an eligibility criteria for getting Universal Sompo two-wheeler insurance?
- 11.4 4. What does my Universal Sompo Two Wheeler Insurance doesn’t cover?
- 11.5 5. How can I save on my Universal Sompo two-wheeler insurance premium?
- 11.6 6. What documents are required to settle the theft claims?
Life is like a bread in the toaster, at times we get desired cooked bread, I mean at times life goes the way we want it to flow and at times it roasts us on highest flame, and therefore we have to stay equipped and secured at the time of any emergency and accident.
To make this possible and easy for you, insurance plans are designed and developed for your core benefit and betterment. After you have an insurance plan in your kart, you can freely roam on the roads and even if you and vehicle meets with any sudden mishap, you don’t actually have to panic about the loss and expenses, why? Because you are so intelligent and educated enough to have an insurance policy by your side.
Oh, wait! What? You don’t have any insurance policy till now? Then, my friend what are you seriously waiting for? Below is the detailed description of the Universal Sompo Two Wheeler Insurance Plans, go have a look and opt for your and your two-wheeler’s safety.
Different Types of Plans offered by the Universal Sompo Two Wheeler Insurance Providers
Third Party Two Wheeler Insurance
Third Party Two Wheeler Insurance is one of the most basic types of insurance plans provided by the companies to help you and your two wheeler to roam safe on the roads and it provides coverage at the time of any emergency or unwanted situations caused to any third person or party involving your vehicle. It covers damages and property loss caused to any third party vehicle in which your two wheeler is also involved.
According to the Indian Motor Vehicle Act, 1988, it is extremely important and necessary to have your two wheeler insured under this plan.
Comprehensive Two Wheeler Insurance
The Comprehensive Two Wheeler Insurance Plans are the plans that are slightly different from that of the Third Party Two Wheeler Insurance, why? If we look at the third party insurance plan it only covers few damages and losses that are caused to the liabilities of the third person because of your two wheeler but in contrast, the comprehensive two wheeler insurance is recommended for you if you are willing to buy any insurance, want to know why?
Look here in then,
A. Firstly, because the roads in India is full of holes and speed breakers which leads to unwanted situations.
B. Accidents can wave you any time and it is absolutely unpredictable that how much damage will it cause, it can be minor one or it can be a hazardous one as well.
C. It covers your hospital expenses too.
D. They are standing behind 24/7, to help you even on roads with fuel or towing.
Owner Damage Two Wheeler Insurance
It is similar to the name, Owner Damage Two Wheeler Insurance, it covers you and your two wheeler at the very first priority and it totally bears all the expenses from the damages caused to the vehicle to the human, I mean the hospital expenditure. This particular plan provides you with the most of the protection and coverage.
Universal Sompo Two Wheeler Insurance- Reviews
This is one of the most important section of the article, why? Because before investing your money somewhere or in something, you might and actually you should always see what the market have to say about the insurance provider you are willing to shake hands with.
So, yes, let us have a very quick glance at the review section of the Universal Sompo Two Wheeler Insurance Providers:-
- The team is efficient and works for your benefit and provides endless support.
- The place or the website seems to be a safe place to buy an insurance from.
- The plans are designed in a way that the serve the maximum benefit to the plan owner.
- The claim settlement process is really very easy.
- They offer many plans and one can compare and choose the best out of all.
- They provide the best, easy and pocket friendly premium payment schemes.
- Their online service is efficient as well.
- Their website and their staff members are fully equipped and prepared with all the answers to all your queries.
- The policy renewal is very easy and effective too. They just require a few your documents and it’s done.
- They instantly generate the soft copy of the policy purchased.
- After shaking hands with the Universal Sompo Two Wheeler Insurance Providers you are eligible to enjoy endless add ons and discounts, which is very amazing.
Important Benefits of Universal Sompo Two Wheeler Insurance
Benefits and some additional highlights is what we all crave for, right? So, here is the list of benefits that one can avail and enjoy after becoming a member of the Universal Sompo Two Wheeler Insurance Family.
In the time when people are living very busy highly packed life, the Universal Sompo Two Wheeler Insurance Providers offers you easy and convenient online procedure to protect your bike from accidents and unwanted events.
- They tend to offer your bike’s wholesome coverage. It covers your two wheeler from all sort of calamities and accidents.
- Universal Sompo Two Wheeler Insurance Policy Provider offers you with easy, simple and quick documentation procedure.
- They provide you with instant duly signed policy papers and certificate. That is, they have a very quick service.
- They give you doorstep service of new enrollment.
- They have a vast network of garages that offers you free and instant services at the time of an emergency .
- They offer pan India services of help desk that offers round the clock query solving sessions.
- They provides you with assistance at the time of need.
- On regular basis they conduct online and even offline claim surveys which help them to improve and work more efficiently.
- Their plans are so pocket and consumer friendly which makes them one of the leading bike insurance providers in India today.
- One is eligible for No Claim Bonus facility as well if he does not claim the policy amount for any loss or emergency.
Universal Sompo Two Wheeler InsuranceCare Numbers / Contact details
I know, I know, you must be thinking or I would say, after reading all the core benefits you are eagerly waiting to own the contact details of the Universal Sompo Two Wheeler Insurance Providers so that you can easily clear all your doubts and queries and then can easily hop in to become a Sompo member.
Toll-Free Number: 1800 22 4030, 1800 200 4030,
Other Contact Numbers are: 022 – 27 63 9800, 022 – 39133700
Features of Future Universal Sompo Two Wheeler Insurance
Trust me when I say, that your future will be so safe and secured after you become a member of the Universal Sompo Two Wheeler Insurance Family. Why? Because of the following listed features offered by the insurance company:-
- It is very convenient to apply for the insurance.
- Claim settlement process is very quick.
- They offers you with some added benefits as well.
- They have a round the clock assistance for all the queries of yours.
- Their documentation process is very easy and quick.
- They help you with instant certificate and documents of the policy.
- They help you to renew your policy easily and without even visiting the branch.
- Their website is user friendly and offer many plans to compare and choose from.
- They safeguards you and two wheeler with different plans and policies, one of which covers the third party liabilities, one that covers your two wheeler along with the third party liability and one that has a win win situation for you, that covers only your two wheeler’s loss and damages due to accidents, calamities and fire.
- Lastly, but very important and outshining feature provided by the Universal Sompo Two Wheeler Insurance Providers are the discounts.
Universal Sompo Two Wheeler Insurance Coverage
The Universal Sompo Two Wheeler Insurance Company is a joint venture formed in 2007 between Allahabad Bank, Indian Overseas Bank and Karnataka Bank and also, some private companies like, Dabur Investment Corp, Sompo Japan Nipponkoa Insurance Inc. The headquarters are located and established is Mumbai.
This venture is proving to a boon in the industry of insurance providers and they working hard to serve the best possible service and benefits to the customer.
Discounts offered by Universal Sompo Two Wheeler Insurance
More than benefits and the plan details, every consumer keeps their eye wide open for the discounts offered by any firm they are willing to invest their money and savings in. The list of discounts are mentioned below:-
1. First in the list is the NCB, that is, the No Claim Bonus feature, which adds on every year when you does not claim your amount under any accidental or unwanted situations.
Listed below are the percentage of increment per year:-
- In the first year without claiming the amount, the percentage increased or added is 20%.
- In the next year without claiming, the percentage increased is 25%.
- In the next consecutive year, the increased or added percentage is 35%.
- The fourth year without claiming the amount, the added incrementation amount is 45%.
- The fifth consecutive year without claiming the amount adds 50% to the claimable amount.
- If you are a member of Automobile Association, then you are eligible to avail some sort of discounts.
- At the time of installation of anti-theft devices which is ARAI approved, you will get discounts at that time as well.
Exclusions of Universal Sompo Two Wheeler Insurance
Now, comes the heading or the section under which most of the debates takes place, am I right? Or am I right? Yes, I know I’m right. So this section will make you clear that what situations and conditions not covered or claimable under the Universal Sompo Two Wheeler Insurance:-
- It does not cover any casuality related to mechanical or electrical breakdown of the system or your vehicle.
- Accident occured while using vehicle which is not been under the insurance is non claimable.
- It does not cover the person who is not mentioned in the insurance.
- Accident that occured due to the consumption of liquor or any other drug abuse.
- In case of the cause of death is discovered to be suicide or self harm, in that case there is no or zero compensation given.
- In case of the damage being caused because of any nuclear war or radiation.
- If the bike which is under the insurance hits an accident away from the enlisted geographical area.
- In case the driver is not carrying the proper documents of the two wheeler and the driver lisence.
How to Claim for Universal Sompo Two Wheeler Insurance?
It is extremely easy breezy thing to do. Yes, I am not kidding or fooling around. Okay? You don’t trust me on that? Not an issue, come on in let us the steps involved in the claiming process:-
Step 1:- Either by visiting the nearest branch or by visiting or finding the insurance provider’s website online.
Step 2:- Write an application or send a mail to the branch about the claim need.
Step 3:- Fill in the form which asks you to mention some of your basis details, like-
- Bike Insurance Policy Number
- Name of the insured
- Contact details of the same
- Address of the place where the damage or loss took place.
- Address of the place where the vehicle is kept for the inspection.
- Registration number of the bike.
- Name of the owner of the bike.
- Name and address of the police station where the complaint is logded in case of theft.
- Brief description of the damage caused.
Step 4:- And it’s done, after verification your claimable amount will be released.
1. Why should I choose Universal Sompo two-wheeler Insurance?
One must choose the Universal Sompo Two Wheeler Insurance because it offers a lot of features and benefits, few of which are listed below:-
A. Very easy and quick claim settlement process.
B. Add on features are the highlights.
C. They service is so quick that the provide all the documents and policy papers instantly.
D. They have a very broad network garages along with the cashless claim benefit.
2. How can I get two-wheeler insurance from Universal Sompo?
To get the Universal Sompo Two Wheeler Insurance Policy, you have three major ways:-
1. The extremely easy way is to visit the branch and get a policy.
2. Next and the modern way is to visit the official website of the Universal Sompo
3. TwoWheeler Insurance Providers and compare and choose the policy for yourself.
4. And the last would be contacting the executives of the Universal Sompo Two Wheeler Insurance Providers on their toll free number and get an insurance policy.
3. Is there an eligibility criteria for getting Universal Sompo two-wheeler insurance?
To be honest, there is no such long list of eligibility criteria that one have to meet to own the insurance plan from the Universal Sompo Two Wheeler Insurance Providers, you just have to get your two wheeler registered along with your name with the Regional Transport Authority of India.
4. What does my Universal Sompo Two Wheeler Insurance doesn’t cover?
The Universal Sompo Two Wheeler Insurance Policy Providers have the following exclusions:-
i. It does not cover any casuality related to mechanical or electrical breakdown of the system or your vehicle.
ii. Accident occured while using vehicle which is not been under the insurance is non claimable.
iii. It does not cover the person who is not mentioned in the insurance.
iv. Accident that occured due to the consumption of liquor or any other drug abuse.
v. In case of the cause of death is discovered to be suicide or self harm, in that case there is no or zero compensation given.
vi. In case of the damage being caused because of any nuclear war or radiation.
vii. If the bike which is under the insurance hits an accident away from the enlisted geographical area.
viii. In case the driver is not carrying the proper documents of the two wheeler and the driver lisence.
5. How can I save on my Universal Sompo two-wheeler insurance premium?
There are few factors that influence your premium of the Universal Sompo Two Wheeler Insurance Plans:-
1. Engine Capacity
2. Model of the Bike
3. Year of manufacture
4. No Claim Bonus
5. Current market price
6. What documents are required to settle the theft claims?
Listed below are the documents and details needed to settle the theft claim:-
a. Claim form properly filled.
b. RC copy
c. Original keys of the vehicle
d. Original driving licence
e. Original policy documents provided by the Universal Sompo Two Wheeler Insurance
f. FIR copy
g. Transfer paper of RTO
h. Full and final report of the police investigation