Universal Sompo GIC to provide ‘Cashless Service’ to its motor customers affected by Chennai floods..!


Universal Sompo GIC Ltd. to provide ‘Cashless Service’ to its motor customers affected by Chennai floods

·        Intent to ease the financial burden of customer post the disaster
·        Additional deployment of Surveyors for quick assessment of Motor & Property claims
·        Safety advisories are being sent to customer on Health & Motor perils, caused by post- floods

Universal Sompo General Insurance Company Ltd., a joint venture of Allahabad Bank, Indian Overseas Bank, Karnataka Bank Ltd, Dabur Investment Corporation and Sompo Japan Nipponka, is taking several steps to ease the process of registering and settling of claims from customers affected by the recent Chennai floods in Tamil Nadu. The company has decided to provide ‘Cashless Service’ to its motor customer base from Chennai and Puducherry, who have been affected by devastating floods in their respective region. 

The company has empowered customers to undertake repairs of their affected vehicles at any garages in the city to avail Cashless Service based on the surveyors report and submission of minimal documentation – Original Invoice Copy and Copy of the Registration Certificate (RC).

The garages under the ‘Cashless Network’ of the company, will be asked to commence repairs on the damaged vehicle based on the surveyors report. As part of the customer outreach activity, the company is providing free Towing services to its customers for vehicle pick-up from the affected location to be taken to the nearest network garage for flushing out the water and drying the engine and mechanical parts and also to avoid complete engine failure due to water ingression in the engine.

The company has devoted 24*7 Claimcare Helpline no. 1800 200 5142 to help insured customers on intimating a claim with the company.Alternatively, claim intimation can be registered with the company through sending an email to contactclaims@universalsompo.com or visit www.universalsompo.com


Mr. O.N.Singh, Executive Chairman, Universal Sompo General Insurance said “During such pressing times, any upfront financial outflow causes further distress to individuals. To ease the burden of our customers, we have extended our support to them by providing cashless services for motor repairs, thus ensuring that we are able to bring back normalcy in their life after such a devastating event. With communications slowly being restored in some parts of the city, our staff is reaching out to customers to assist them in all possible manner and alert them about the possibility of water borne diseases surfacing if precautions are not taken.”

For customers who have suffered damages to Property and Stocks, the company has formed a core Task Force Team, comprising of Zonal Head and overviewed by Head of Claims, to expedite the process of inspection and assisting in claim process. Constant monitoring of the activity is being undertaken from the Corporate Office of Universal Sompo in Mumbai, to ensure quick settlement of claims and to bring back business continuity. 

The company has tied up with surveyors from the affected state and also from other parts of India to ensure that surveys are conducted immediately. Claims resources in Chennai have been augmented to handle the claims proactively.

Usually with flood calamities of such magnitude, there is not only damage to assets such as vehicle and property; it also gives rise to health diseases among affected residents due to water borne diseases. Early precautions and awareness to keep such diseases distant, will help customers to take necessary actions. Universal Sompo will provide safety health advisories to all its customers’ from Chennai and Puducherry.

About Universal Sompo General Insurance

Universal Sompo.isfirst Public - Private Partnership in Indian General Insurance Industry. The company is headquartered in Mumbai and is private public joint venture in general insurance where two nationalized banks, namely Allahabad Bank and Indian Overseas Bank, one private sector bank namely Karnataka Bank Ltd, one FMCG namely Dabur Investment Corp and a leading general insurer from Japan namely SompoJapan Nipponkoa Insurance Inc have come together to form a general insurance company.  

Universal Sompo has a Gross Written Premium (GWP) of Rs 701.10 Crores for the year ended March 31, 2015. The company issued over 9.7 million policies and settled over 91,951 claims as on March 31, 2015.

Universal Sompo  has at about 98 IRDA approved products in its basket and is operating on a pan India basis through 103 Branches and 17 Zonal Offices. Universal Sompo has health products, both standalone policies and co-branded products in conjunction with their bank partners. The company has also designed several products for rural and semi urban markets.More details are available on the website  www.universalsompo.com

Media Contacts

Suheil Merchant
Manager – Corporate Communication
Universal Sompo General Insurance Ltd.
Mumbai



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