Message from Our Chairman
Welcome to Universal Sompo, a general insurance company synergizing in a unique partnership, the strengths of public and private sector.
Who we areUniversal Sompo is a joint venture between Allahabad Bank, Indian Overseas Bank, Karnataka Bank Limited, Dabur Investments and Sompo Japan Insurance Inc., - Universal Sompo is a uniquely symbolic example of fruitful Public-Private sector partnerships.
I would like to introduce our Managing Director, Mr. Takashi Ebihara who has been deputed by Sompo Japan Insurance Inc. Mr Ebihara has rich experience in general insurance industry and was previously deputed as Senior Deputy General Manager of India Region International Planning Department. He has considerable expertise and extensive global exposure to insurance which would definitely be invaluable in our operations.
USPBancassurance, a hugely successful distribution channel, is the USP of our Company; capitalizing on the tremendous reach of this channel Universal Sompo, is perhaps among the first companies to present a plethora of products in the initial years of operation, to suit every need and pocket. Our Company is a pioneer, of sorts too, in introducing all our most popular products on Genisys configurator, a sturdy web based platform. Most of our 74 IRDA approved products are on the configurator and the most popular ones available online on our site.
We have excellent health products, both standalone policies and co -branded exclusive products in conjunction with our bank partners, designed exclusively for their customers. We have designed several products for rural/semi urban markets, such as Sampoorna Suraksha Bima Policy, Saral Suraksha Bima Policy , Farmers Package Policy, Cattle & Live Stock Insurance, Janata Personal Accident etc.
AchievementsWe were ranked 5th among top 15 non life insurance companies as per the ICMR- BFM survey. IRDA have given accreditation of 3 Agents Training Institute at Raghunathganj, Bangalore and Varanasi. The first of these inaugurated by any general insurance in West Bengal was launched at the hands of Hon’ble Finance Minister Shri Pranab Mukherhjee in Feb 2011. The successful passing of 100 IRDA licensed agents and launch of our micro insurance health product ‘Saral Suraksha’ was also at the hands of the Union Finance Minister on 9th June 2012.
We are happy to mention that we were the first amongst the general insurance companies to implement the Integrated Grievance Management System – realtime/online grievance reporting system implemented by IRDA for all insurance companies. We are privileged to provide first rate services to our customers and to this end, have been successful in ensuring that minimal/nil grievances remain unresolved.
LicensingThe Company received the license and certificate of registration from Insurance Regulatory and Development Authority in November 2007.
Thank you for visiting our site. We welcome the opportunity to assisting you in your efforts to ensure protection and security for yourself, family and property at every step.
O. N. Singh