UNIVERSAL SOMPO TWO WHEELER INSURANCE

Two-wheeler insurance from Universal Sompo protects you and your bike or scooter from financial losses due to damages or instances of theft while also taking care of third-party liabilities.

  • Cashless Claims.
  • Choose a Long-term Policy.
  • Optional Extensions.
  • Multiple Add-ons.
  • Instant Claim-settlement.
  • No-claim Bonus.
  • Online Purchase & Hassle-free Renewal.

Sompo's two-wheeler policies from Universal Sompo General Insurance Co Ltd. serve millions across India through 2,000+ network garages, 24x7 emergency assistance and other practical offerings.

Universal Sompo Bike Insurance Features & Advantages

  • Third-party liability and long-term package policies. 
  • Own-damage cover for protection against fire, thefts and accidents.
  • Takes care of financial losses due to stolen two-wheelers and during transit.
  • Addresses physical hurt to individuals and liabilities to third-parties when their property gets damaged due to your bike/scooter/auto-cycle accidents.
  • Compensates losses occurring because of natural calamities such as storms, cyclones, typhoons, earthquakes, hailstorms, inundation or lighting and human-made incidents like riots or terrorist attacks.
  • Personal accident cover for the owner-driver.
  • Optional extensions for loss of accessories-electrical or electronic, legal liability to paid driver/cleaner/any workman, and personal accident of the pillion riders.

Universal Sompo 2-wheeler Insurance Policies & Variants

  •  Third-Party Insurance: Legally-mandatory as perthe Motor Vehicles Act, 1988.
  • Also called party-liability-only low-premium insurance.
  • Protects you against damages, bodily harms, injuries or death of third parties because of accidents involving your bike or scooter.
  • Includes others driving the two-wheeler with policyholder's consent and a personal accident cover for driver/owner directly connected with the bike or scooter. 
  • Long-Term Package Comprehensive Policy: A 360-degree cover that allows you to get insured for up to three years.
  • Takes care of all the legal liabilities arising out of bodily injuries to and/or property damages of third parties due to accidents involving your ride.
  • Covers accidental losses/damages to your bike or scooter caused by fire/explosion, self-ignition/lightning, burglaries, thefts, riots, strikes, earthquakes (fire/shock damages), floods, storms, hurricanes, typhoons, tempest, inundation, hailstorms, frost, cyclones, malicious/terrorist activities, whilst in transit by road/rail, inland waterways, lifts/elevators/air, landslides and rockslides.
  • Carries a personal accident cover and add-ons.

Universal Sompo Bike Insurance Add-Ons

  • Zero-Depreciation: Depreciation does not get calculated while claim-settlement and the entire due claim amount are compensated. 

Universal Sompo Bike Insurance Major Exclusions

  • Normal wear/tear and general ageing of your bike or scooter.
  • Depreciation and consequential losses.
  • Mechanical and electrical breakdowns.
  • Contractual liabilities.
  • Two-wheeler being used otherwise than in accordance withthe stated limitations.
  • Driven by/in charge of an individual other than the driver, as mentioned in the driver's clause.
  • Losses while driving without a valid license or under the influence of drugs/alcohol.
  • Wars, mutinies, invasions, terror-attacks and nuclear-weapon-inflicted damages.

Universal Sompo Two-wheeler Insurance OnlineDiscounts

  • Voluntary Discounts: Applicable if you choose to pay the minimum amount at the time of claim settlement.
  • No-claim Discounts: If you do not make any claims throughout the year, you get a discount of 20% on the premium of the second year. It can go up to 50% for consecutive claims-free years. 
  • An additional discount if you have a membership with approved automobile associations.

Universal Sompo Two-wheeler Insurance Premium

The premium for your Universal Sompo two-wheeler insurance policy is based on factors such asthe make/model, city, registration date, add-ons and the use of electrical or non-electrical accessories.

you can use established online insurance comparison portals like Quickinsure.co.into explore two-wheeler insurance rates, simplify and speed up the process of buying bike or scooter insurance.

Universal Sompo Two-wheeler Insurance Renewal

One can apply for a new bike insurance policy or prefer Universal Sompo bike insurance renewal onlineby viewing and comparing quotesthrough premier insurance comparison platforms such as Quickinsure.co.in.

Universal Sompo Two-wheeler Insurance Review

Universal Sompo two-wheeler policies are the products of Universal Sompo General Insurance Co Ltd., a joint venture between Allahabad Bank, Indian Overseas Bank, Karnataka Bank Ltd., Dabur Investment Corp. and Sompo Japan Nipponkoa Insurance Inc.

Considered amongst the fastest growing insurance providers in the country; Universal Sompo prides itself in offering transparent and feature-rich bike or scooter coverage plans. 

Universal Sompo Two-wheeler Insurance Policies FAQs

Q: How to decide which two-wheeler insurance cover is suitable for me?

It could depend on the condition of your motorcycle or scooter and specific requirements. For example, a third-party cover is ideal for old two-wheelers, and a comprehensive one may be opted forpre-owned rides.

Q: How is IDV defined for the Universal Sompo bike insurance policy?

The IDV or Insured Declared Value is the maximum sum-assured determined by the insurer and the amount you would receive when the bike or scooter gets damaged or stolen.

Q: Can I replace a new two-wheeler in my existing Sompo insurance?

Yes, you can!

Q: What are the important factors that influence my bike insurance premium?

The type of policy you choose, condition of the scooter or bike, age/gender of the driver, his/her driving experience, brand, functionalities, market or resale value of the two-wheeler, add-on covers opted and modifications made.

 

Q: What's the Universal Sompo two-wheeler insurance claim-registration procedure?

You may register your claim and ask for the reference number by calling the 24X7 dedicated call centre at +91-22-26748600 or toll-free at 1-800-22-4030 (for MTNL/BSNL Lines).

 

Disclaimer: The information shared is purely indicative. Please refer to the policy wordings for the most up-to-date and precise details.

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