Universal Sompo Car Insurance Claim Ratio

Universal Sompo: An Overview of Claim Ratio

Universal Sompo is one of the leading providers of car insurance in India. The company was founded in 2002 and has been providing quality car insurance policies to customers ever since. It has a wide range of products and services, from basic third-party liability insurance to comprehensive policies. Over the years, the company has earned a reputation for providing reliable and affordable car insurance. It has also been recognized for its customer service and claim settlement ratio. In this article, we will take a look at the claim ratio of Universal Sompo.

What is a Claim Ratio?

A claim ratio is a measure of the number of claims a company settles compared to the number of claims it receives. It is usually expressed as a percentage and indicates how efficient a company is in processing and settling claims. A higher claim ratio means that the company is settling a higher percentage of claims. On the other hand, a lower claim ratio indicates that the company is not able to settle a large number of claims.

Universal Sompo's Claim Ratio

Universal Sompo has consistently maintained a high claim ratio over the years. The company has a claim settlement ratio of 95.6%, making it one of the most reliable car insurance providers in India. This means that the company settles a majority of the claims it receives. The company has also earned a reputation for its quick claim settlement process. It typically takes the company only a few days to process and settle a claim.

What Makes Universal Sompo Stand Out?

There are several factors that make Universal Sompo stand out from other car insurance providers. The company provides comprehensive coverage and offers a wide range of add-ons, including zero depreciation cover, roadside assistance, and accident cover. The company also provides an online platform where customers can manage their policies and make claims. Furthermore, the company provides cashless claim settlement at more than 4,000 network garages across India. These features make Universal Sompo one of the best car insurance providers in India.

Conclusion

Universal Sompo is one of the leading car insurance providers in India. The company has earned a reputation for providing reliable and affordable car insurance policies. It also has a high claim settlement ratio of 95.6%, making it one of the most reliable car insurance providers in India. The company also provides a wide range of add-ons and an online platform for customers to manage their policies and make claims. With all these features, Universal Sompo is an ideal choice for anyone looking for car insurance.