Mohd Malik

Universal Sompo General Insurance Co. Ltd.

Universal Sompo is a Joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and Sompo Japan Insurance Inc. The company's paid-up capital is Rs 368.18 Cr; Shareholders' Net worth is over Rs. 1,129 Cr ; Gross Written Premium Rs. 3,487 Cr ; Assets Under Management (AUM) Rs. 3,741 Cr; Solvency at 1.92 times. The company is headquartered in Mumbai and has 117 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 205 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. The company maintains its Claims settlement ratio at 98.27% and has robust technology architecture to serve its customers nationwide.