How Universal Sompo came into being? Universal Sompo General Insurance Company Limited headquarters situated in Mumbai, India, is a private and public company that works in a joint venture in general insurance. The joint venture consisted of nationalized banks such as Indian Overseas Bank and Allahabad Bank. There is one private sector bank named as Karnataka Bank Ltd., an FMCG namely Dabur Investment Corp, and lastly the leading general insurer from Japan namely Sompo Japan Nipponkoa Insurance Inc. It has become India’s first public-private partnership in the category of general insurance.
Info about Shareholders:
The company caught Licence and Certificate of Registration from IRDA in the year 2007. The joint venture got capitalized with the shareholder’s funds of 435.80 cr. Consisted of share premium. The three Indian partners comprise of the assets of Rs. 92,602 crores, to 4000 branches as well as various distribution centres. The FMCG Company in India consisted of above 15 million retail outlets.
Know about Sompo and Link with Insurance Company?
Sompo is a Japanese Insurance company having Headquartered located in Tokyo. It is the largest property as well as casualty insurance company from Japan consisting of a 26% stake in USGI. The word Sompo means ‘property insurance’ and Sompo Japan Nipponkoa provides a wide range of financial services consisted of asset management, life insurance, securities, and venture capital businesses. There is a capital of 70 billion yen and is available in 27 different countries. The company has employed to 15,000 people, consisted of 69,028 agents. The total premium income as per the records of 2006 – 2007 was Rs.50, 000 crores double of the Indian General insurance industry. The Gross Written Premium (GWP) is Rs 903.79 Crores for the year 2016. The company has issued above 1.6 million policies and settled 1, 11,787 plus claims by the year 2016, which is a great record in itself.
Thus one can make out the financial strengths as well as distribution of the Indian partners. Also the success of the company is all dependent on such positive factors.
Universal Sompo General Insurance Customer Care Number:
In order to attain all the details, just call the Universal Sompo Customer Care Number and seek the appropriate answers soon. You will capture complete detailed info from the experts available at the helpdesk. Call anytime and support guys will solve the queries.
Universal Sompo Insurance Contact Details:
Customer Care & Health: 1800-22-4030, 1800-200-4030
Crop Helpline: 1800-200-5142
Senior Citizen: 1800-267-4030