Universal Sompo General Insurance partners with Zopper to launch a special integrated insurance offering
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National, December 13, 2022: Universal Sompo General Insurance, a JV of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investment Corp, and a leading general insurer from Japan, Sompo Japan Insurance Inc. has partnered with Zopper, India’s largest insurance infrastructure API platform, to roll out a special integrated offering for customers.
Through this partnership, customers will have access to buy insurance seamlessly, along with an option to purchase a protection plan. The alliance aims at covering 1 million assets by offering users with personalised insurance solutions, as well as a hassle-free customer experience, from policy generation to claims management.
Commenting on the partnership, Sharad Mathur, Managing Director & CEO, Universal Sompo General Insurance said, “We are delighted to partner with Zopper, to offer our growing customer base, a convenient and easy medium to buy insurance covers. Customers can now avail tailored protection packages that are specially curated for their lifestyle security. We attempt to provide tailor-made and affordable insurance covers to our customers and ‘re confident that this partnership will deliver great value to them.”
Mr. SurjenduKuila, Co-Founder & CEO, Zopper said, “Today’s customers seek insurance offerings which are customised as per their needs and are delivered in a convenient manner. We are happy to partner with Universal Sompo General Insurance to develop a special embedded insurance offering that will not only provide easy access to insurance but also offer protection to daily use durables.”
About Universal Sompo General Insurance: Universal Sompo is a Joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and Sompo Japan Insurance Inc. The company is headquartered in Mumbai and has 117 offices countrywide with representation through its digitally enabled employees. The company offers 205 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, Employee’s Benefit, Project Insurance, Liability, and other special products for Corporates. Microinsurance covers the Rural segment. The company maintains its Claims settlement ratio at 98.27% and has robust technology architecture to serve its customers nationwide.
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