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Universal Sompo General Insurance

Universal Sompo General Insurance Co Ltd (USGI) came into existence with a joint venture of Dabur Investments, three leading Indian Banks (Indian Overseas Bank, Allahabad Bank, and Karnataka Bank), and Sompo Japan Nipponkoa Insurance Inc. (Japanese insurance company). Sompo Japan Nipponkoa Insurance Inc., is holding a share of 26% in the joint venture of Universal Sompo General Insurance Co Ltd. Universal Sompo General Insurance Company received its certificate of registration from IRDAI in November 2007 and then become authorized to run general insurance business in India. The partners in this joint venture are making of their vast distribution reach and existing customer base to run its non-life insurance business.

 

Universal Sompo has the distribution network consisting of agents, brokers, and making use of direct mail marketing campaigns as well. Universal Sompo General Insurance Company is offering the customized range of insurance products individuals, small entrepreneurs, and businesses. The company offers non-life insurance solutions for Home, Motor, Property, Health & Critical Illness, and Personal Accident. There are a specialized non-life packages for businesses and small entrepreneurs to cover risks associated with the business. Universal Sompo General Insurance Company has achieved the Gross Direct premium of Rs.701.11 crores during FY 2014-15 and registered a growth of 29.73% when compared to FY 2013-14.

List of Plans

Key People

  • Mr. O. N. Singh
    Chairman
  • Mr. Rajiv Kumar
    Managing Director & CEO
  • Mr. Bisheshwari Singh
    Chief Marketing Officer

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Registered Office Address

Universal Sompo General Insurance

  • unit no.-401, 4th floor, sangam complex,127, andheri kurla road, andheri( E), mumbai-400059
  • Tel : 022-29211800