Universal Sompo Bike Insurance FAQs

Universal Sompo two-wheeler insurance offers the following benefits to its customers:

• Instant policy issuance without any hassle
• Quick claim settlement
• Portfolio of long-term policies
• Cashless service at more than 3,500 network garages
• Special add-on covers

You can get a two-wheeler insurance policy from Universal Sompo in three ways. The traditional way would be going to the branch. Alternatively, you can buy an insurance plan online through the official website of Universal Sompo. You can also call the toll free number of Universal Sompo General Insurance and the support executives will help you in getting the plan.

The only eligibility criteria for getting a two-wheeler insurance policy from Universal Sompo is that the individual has to register his two-wheeler in his name with the Regional Transport Authority in India.

Universal Sompo provides multiple add-ons with two-wheeler insurance plans. The offered add-ons include Nil Depreciation Cover, Return To Invoice, Roadside Assistance, Daily Cash Allowance, Cost Of Consumables, Loss Of Driving License, Ncb And Engine Protector, etc.

Universal Sompo Two-Wheeler Insurance provides cashless repair and replacement services at its authorised garages. The policyholders can seek the service anywhere at any of its more than 3,500 network garages situated all around the nation. The claims at these authorized garages are completely cashless.

No, the Universal Sompo third party bike insurance policy will not provide any coverage for an accident or any other mishap that occurred outside the pre-decided geographical area.

The insurer will provide financial and legal support to the policyholder in case of the death of the third party. The compensation amount to be paid by the insurer is decided as per the court of law.

You can pay the premium of Universal Sompo third party bike insurance policy in the following ways:

• Direct debit from your bank
• Credit card payment
• Cheque payment.

You can check the status of Universal Sompo third party bike insurance policy online or by dialling the toll-free numbers 1800-22-4030 or 1800-200-4030. For checking the status online you have to get registered on the official website.

No, you can not stretch the coverage of Universal Sompo third party bike insurance policy as it does not offer any add-on covers. For extensive coverage, you can opt for the comprehensive bike insurance policy.

You will get the following roadside assistance under the Universal Sompo comprehensive bike insurance policy provided you have opted for the Roadside Assistance cover:

• Emergency Towing Assistance
• Repair on the spot
• Flat Tyre Service
• Emergency Fuel Delivery
• Vehicle Key Service
• Pick up of Vehicle in case of Driver Disability
• Cab Service
• Accommodation
• Shipment of Spares

You can add the add-on covers to your Universal Sompo comprehensive bike insurance policy during the purchase, renewal or in the middle of the tenure.

The following discounts are offered on the premium by Universal Sompo comprehensive bike insurance policy:

• Voluntary deductible
• No Claim Bonus (Provided no claims was made during the policy period)
• Discount for anti-theft device.

Yes, the Universal Sompo comprehensive bike insurance policy provides the Daily Cash Allowance cover. With this cover added to your policy, the insurer will provide daily cash allowance in case your bike is laid up in an authorized garage for repair.

The sum assured for Universal Sompo comprehensive bike insurance is calculated by the Insured Declared Value (IDV) of the insured’s bike.

You can avail the Zero Depreciation cover only with the Universal Sompo comprehensive and standalone own damage bike insurance policies. The third party bike insurance policy does not offer Zero Depreciation or any other add-ons.

Adding Zero Depreciation cover ensures maximum claim by eliminating the depreciation factor. However, you do not receive the full claim amount as the deductibles will be factorized at the time of claim settlement.

Yes, the Zero Depreciation provides coverage for the fibre glass parts of the insured’s bike. The rate of depreciation for fibre glass parts without the Zero Depreciation is 30%. But with the Zero Depreciation cover, no depreciation charges are deducted.

Yes, you will have to renew the Zero Depreciation cover each time you renew your comprehensive policy. However, you can pay the complete premium of your policy along with the Zero Depreciation cover at the time of purchase. It will free you from the hassle of renewal.

Universal Sompo Zero Depreciation cover is available for new as well as old bikes. However, the age of the bike should not exceed 5 years.

You can check the claim status of your Universal Sompo bike insurance policy online by following these steps:

• Visit its official website
• Click on the “Track Claims” option under Claims section.
• Fill up the form that opens up
• Click on “Submit”
• The claim status is shown

You may also track your claim status by dialling the helpline numbers which are 1800-22-4030 and 1800-200-4030.

You can download the claim form of Universal Sompo bike insurance policy from its official website or reach out to the nearest branch and collect the hard copy of the claim form.

Yes, you need to carry your driving licence while claiming Universal Sompo bike insurance policy. You should make sure that the driving licence is valid.

Yes, the claim process is time-bound. It is advisable to inform the insurer within 24 hours of the incident.

You can locate the nearest office of Universal Sompo General Insurance by clicking on the “Office Locator” on its official website. You may also call up its helpline numbers 1800-22-4030 and 1800-200-4030 to get assistance in finding the nearest office location.

The premium quote of the renewed Universal Sompo bike insurance policy depends on the following factors:

• Age and condition of the bike during the renewal
• Availability of No-Claim Bonus
• Number of add-on covers taken along with the insurance plan
• Tenure desired by the policyholder.

Yes, the Universal Sompo bike insurance policy is available for online renewal 45 days prior to the expiry of the existing policy.

Yes, you can renew the bike insurance policy even if all your policy documents are lost. You just have to provide the current policy number during the renewal.

You can avail some discounts on the premium of the renewed policy by using your No Claim Bonus.

Yes, you can opt for accessories cover at the time of renewal to stretch the extent of coverage. The charge of the accessories cover will be added to the premium of your renewed policy.

The bike insurance premium calculator will provide you assistance in finding the right premium amount for your plan, get the IDV of your bike, selecting an affordable plan and make wiser decisions related to the bike insurance plan.

You need to enter details such as make and model of your bike, RTO location of your bike, registration year of your bike, etc., to get the right premium offered by the insurers for a bike insurance policy.

There are various factors that affect the premium of a bike insurance cover such as Insured Declared Value (IDV), Engine’s Cubic Capacity, No Claim Bonus (NCB), Age of the Owner, Anti-Theft Devices and so on.

You can use the best premium calculator to compute the premium and IDV for your insurance plan at the official website of InsuranceDekho, i.e., www.insurancedekho.com.

Yes, the premium calculator helps you find the premium for new and old or used two-wheelers.

The Universal Sompo bike insurance policies come with a many bike insurance add-on covers that include Engine Protector, NCB Protector, Return to Invoice, Daily Cash Allowance Benefit, Roadside Assistance, Cost of Consumables, Hospital Daily Cash Cover and so on.

You can opt for unlimited offered add-on covers as you want at a time in your bike insurance policy based on your budget and requirement.

No, it is not compulsory to include an add-on cover in your bike insurance policy. It is an optional benefit which you can avail to increase the insurance coverage of your bike insurance cover.

Yes, you will have to pay an extra amount of premium to avail add-on covers based on their prices specified in the policy document or online purchase portal of the insurance company.

You can purchase the bike insurance add-on covers either at the time of insurance policy purchase or during the insurance policy renewal process.