Tag Archives: Universal Sompo

New products overdrive at Universal Sompo

Reported by | Updated: July 22, 2019

Universal Sompo General Insurance has designed new product offerings to meet the insurance requirements of MSMEs and startups, which are in line with company’s initiative to support the government’s flagship initiative – Make in India. Anupam Singh, DGM – IT, shares details: “During FY 2018-19, we have filed and received approvals from IRDAI for 16 […]

Universal Sompo premium growth at 79.52%

Reported by | Updated: September 24, 2018

Universal Sompo General Insurance has registered premium growth of 79.52% with net written business of about Rs23.1 billion in FY 2017-18 and it has also superseded general insurance industry growth rate of 17.71%. The remarkable premium growth has been achieved from both crop and non-crop business and without considering the crop premium, the company registered […]

Universal Sompo launches mobile app to sell products

Reported by | Updated: November 17, 2017

Universal Sompo General Insurance Co has launched a mobile app for its PoS distribution channel to further enhance and improve penetration of its general insurance products. The mobility platform and solution, which the bank has launched, will give the benefit of policy issuance at a single instance without the need to set up a branch […]

New two-wheeler policy from Universal Sompo

Reported by | Updated: June 16, 2017

Universal Sompo General Insurance has launched a new motor product offering – Two-wheeler Long Term Package Policy – for existing and prospective two-wheeler vehicle customers. The policy offers comprehensive protection for ride up to 2-3 years. Customers can buy the policy for up to 2 or 3 years, by paying the premium once during the […]

Rajiv Kumar to head Universal Sompo

Reported by | Updated: October 10, 2016

Rajiv Kumar has been appointed new MD and CEO of Universal Sompo General Insurance Co., India’s first public-private non-life general insurance company, which is a joint venture of Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments Corporation and Sompo Japan Nipponkoa Insurance. Rajiv Kumar will be responsible for the overall business operations of Universal […]