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Universal Sompo is a Joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and Sompo Japan Insurance Inc. The companys paid-up capital is Rs 368 Cr; Shareholders Net worth is over Rs. 1269 Cr ; Gross Written Premium Rs. 4169 Cr ; Assets Under Management (AUM) Rs. 4386 Cr; Solvency at 1.73 times. The company is headquartered in Mumbai and has 151 offices countrywide with representation through its digitally enabled employees. It has a strong distribution network of Agents, Point of salespersons, Bank Branches, Automobile Dealers, Brokers, Common Service Centres, and Digital Platforms. The company offers 234 IRDAI-approved products and 1494 Add-on covers, ranging from Motor, Accident & Health, Home for Individuals, Shopkeepers Package, Crop and other non-life packages for SMEs, Fire, Marine, Engineering, Employees Benefit, Project Insurance, Liability, and other special products for Corporates. Microinsurance covers the Rural segment. The company maintains its Claims settlement ratio at 98.87% and has robust technology architecture to serve its customers nationwide.
Our team of accountants boasts prestigious accreditations from the Institute of Singapore Chartered Accountants and Chartered Accountants Worldwide. As a Registered Filing Agent and Qualified Individual with ACRA, we bring a wealth of expertise to the table. With experience gained from the Big 4 accounting firms, our professionals have a proven track record in serving clients across various sectors, including construction, manufacturing, and retail. We are committed to being your trusted financial advisor and tax planner, guiding you every step of the way on your journey to success. Let us help you achieve your business goals with confidence and precision.
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