Universal Sompo General Insurance Co Ltd

Passenger Carrying Vehicle Insurance Policy covers Vehicles used for carriage of passenger for hire or reward, except for racing, pace making, reliability trial, speed testing and use for any purpose in connection with the Motor Trade.

The Policy covers loss or damage to the vehicle insured arising out of:

• Fire, explosion, self ignition, lightning, burglary, theft, riot, strike, malicious act, terrorism, earthquake, flood, typhoon, accidental external means, landslide or rockslide, road/rail/inland waterway/air transit

It also provides cover against Legal Liability to third party personal injury and property damage arising out of an accident invulving the vehicle as required under Motor Vehicle Act.

The Policy further provides for compulsory Personal Accident cover for owner driver. 

• Loss of accessories
• Wider legal liability to paid driver, cleaner or any workman
• Personal Accident to the occupants

Universal Sompo's Personal Accident Policy provides you and your family mitigation against the financial consequences of unforeseeable accidents.

The Policy provides for defined benefits based on the nature of injury sustained, by the Insured Person in an accident during the Policy period.

• The enrollment age under the Policy is from 5 years to 65 years. Fresh proposals for persons above 65 years till 75 years of age may be accepted with 20% loading on premium.
• No fresh proposal beyond 75 years.
• Proposer needs to be aged 18 years or above.
• No maximum renewal age under the Policy

The Policy provides for three different options as under:

• Basic Cover - covers against Death only
• Wider Cover - covers against Death, Permanent Total Disablement Permanent Partial Disablement
• Comprehensive Cover - covers against Death, Permanent Total Disablement Permanent Partial Disablement Temporary Total Disablement

The compensation benefits will depend upon the nature of injury and the Capital Sum Insured under the Policy.

For accidents resulting in Death or Permanent Total disablement, we will provide compensation equivalent to the full Capital Sum Insured.

For Permanent Partial Disablement the compensation will depend on the nature of injury and corresponding percentage of Capital Sum Insured as detailed in the 'Table of Benefit' under the Policy document or as per the medical advices of our appointed Medical Practioner.

In respect of Temporary Total Disablement, we will provide compensation at 1% of Capital Sum Insured or Rs 5000/- whichever is less per week for a maximum period of 104 weeks.

Health Insurance policy of Universal Sompo is offered to individual and/or his family. The policy designed to pay the Insured person(s) the hospitalization expenses as well as domiciliary hospitalization benefits if he/she suffers an illness or accidental injury during the policy period.

• Treatments only in the Hospitals / Nursing homes in India are covered
• The coverage includes expenses incurred towards room, boarding expenses, nursing expenses, surgeon / specialist fees, charges for blood, oxygen etc
• Domiciliary hospitalization benefit means Medical treatment for a period exceeding 3 days for such illness which in the normal course require treatment in a hospital but actually taken whilst confined at home in India since

  (1) the condition of the patient is such that he cannot be removed to a hospital or

  (2) the patient cannot be removed to the hospital for lack of accommodation

• The indemnity provided by the policy is restricted to sum insured and the sub-limits provided in the schedule
• Premium is calculated depending on the age of the insured and the sum insured selected
• If Your age or Your dependant's age is more than 45 years , You /Your dependents shall have to undergo medical tests as prescribed by Us and the cost of such expenses shall be borne by You
• The entry age under the policy should be less than 55 years
• Maximum coverage is Rs.5 lacs
• As per Income Tax Act, the premium paid for this cover is exempted from tax under Section 80 D