Universal Sompo Two Wheeler Insurance

Universal Sompo commenced its operations in the year of 2007. Since then it has been growing as one of the most renowned insurance providers in India. The company offers a number of insurance products ranging from health insurance, motor insurance for both private and commercial vehicles, money insurance, burglary insurance and other miscellaneous insurance products. Universal Sompo two wheeler insurance is available for vehicles that are used for domestic, social and personal purposes.

Why Universal Sompo Two Wheeler Insurance policy?

If you own or drive a bike, scooter, activa or any other two-wheeler, you need to have it insured. A minimum of third-party insurance is mandatory in our country. This is to secure both the insured vehicle, owner-driver and the pillion riders.

Universal Sompo bike insurance will offer you the desired financial protection in case of an accidental liability arising out of an injury or death to a third-party. Third-party property damage is also covered under Universal Sompo two wheeler insurance, which is claimable up to7.5 lakh.

You can also buy a comprehensive bike insurance policy to cover all the possible risks. Moreover, you can buy additional covers like engine protection cover, roadside assistance, zero depreciation cover etc.

Universal Sompo Two-Wheeler Insurance Key Features

There are various other benefits of buying Universal Sompo Bike Insurance –

  • No Claims discount for all the claim free years
  • Discount on the installation of an anti-theft device in your bike
  • Discounted premium if you opt for higher voluntary deductibles
  • Special discount for two-wheelers that are designed for the specially abled people

Universal Sompo Bike Insurance IDV and Sum Insured

Sum insured of a two-wheeler is fixed as per the Insured Declared Value. IDV of a vehicle is estimated on the basis of the manufacturer’s listed price that includes the cost of accessories as well. IDV is derived after deducting the depreciation on each part every year as per the table elucidated below-

Age of the Two-wheeler

Depreciation in Percentage

Up to 6 months Nil
Between 6 months and 1 yr. 5
1 yr. to 2 yrs. 10
Between 2 and 3 yrs 15
3 yrs. to 4 yrs. 25
4yrs. to 5 yrs. 35
Between 5 and 10 yrs. 40
More than 10 yrs. 50

Additional Discount for Long-Term Universal Sompo Bike Insurance

If you buy the long-term Universal Sompo Two-Wheeler Insurance, you can avail additional discounts as mentioned in the table below-

Long-Term Policy with Policy Term

Additional Discount

2 Years 5%
3 years 10%

Universal Sompo Two Wheeler Insurance Coverage

Universal Sompo Bike Insurance safeguards your two-wheeler under the following circumstances-

Loss or Damage to the Insured Bike

The insurer shall indemnify the policyholder if there is a loss or damage to the insured two-wheeler due to the following reasons-

  1. An accident resulting due to external factors
  2. Fire, lightning, explosion, riots,
  3. Theft, housebreaking, burglary
  4. Earthquake
  5. Strike and riots
  6. Malicious acts
  7. Flood, cyclone, storm, hurricane
  8. Terrorist activities
  9. Rockslide and landslide
  • While in transit by rail, road, elevator, air, and inland-waterways

Universal SompoThird Party Liability Insurance

The insurer will indemnify the policyholder in case of a mishap caused by or resulting while using the insured bike. In a situation when the owner/driver shall become legally liable to compensate in respect of –

  1. Third-party death and bodily injuries, including the passengers. Provided the third person is not employed by the policyholder
  2. Damage to someone else’s property or vehicle by the insured bike shall also be compensated by the insurer

You can easily buy Universal Sompo two wheeler insurance online after comparing the coverage and benefits.

Universal Sompo Two Wheeler Insurance Additional Covers

Furthermore, you can opt for add-on covers such as –

  • Winder PA Benefit for the Bike Owner
  • Zero Depreciation Cover
  • Daily Cash Allowance
  • Return to Invoice
  • Selling Price Listed by the Manufacturer
  • Engine Protector
  • DL Loss Cover
  • Hospital Daily Cash Allowance
  • Compensation for accidental injuries ( for family and the owner)
  • Consumable Cover
  • Emergency Roadside Assistance
  • No-Claim-Bonus Protection Cover etc.

Universal Sompo Two Wheeler Insurance Optional Covers

  • Loss of electrical accessories
  • Personal Accident Cover to the pillion riders
  • Legal liability cover for a cleaner or paid driver

Universal Sompo Bike Insurance Exclusions

Universal Sompo 2 wheeler insurance claim will be rejected if it arises due to the following reasons-

  • Consequential losses
  • Using the two-wheeler outside the geographical area
  • Driving the bike under the influence of alcohol or other drugs
  • Routine wear and tear of the bike
  • If the driver doesn’t hold a valid DL
  • Using the two-wheeler beyond the scope of the limitation

Universal Sompo Long Term Package Policy

To ensure long-term financial protection against damage or theft of the bike and third-party liabilities, you can buy Universal Sompo Two-wheeler Insurance Long Term Package Policy.

What is covered under Universal Sompo Bike Insurance Long-term Package?

  • Damage resulting due to natural disasters such as landslide, hurricane, self-ignition, storm, fire, cyclone etc.
  • It also covers loss or damage resulting due to man-made disasters like theft, strike, riots, burglary, malicious acts, terrorist activities etc.
  • Damage caused to your bike while in transit by lift, rail, road, elevators and inland waterway.
  • You are offered financial protection against any third party legal liabilities arising due to fortuitous damages causing bodily injuries or death and damage to property of a third-person.
  • Personal Accident Cover up to Rs. 15 Lakh for the bike owner/driver (while travelling, driving, mounting or dismounting from the vehicle.
  • Moreover, there is a personal accident cover option for co-passengers as well.

Universal Sompo Bike Insurance Renewal

To renew your Universal Sompo two wheeler insurance online, you just need to select your vehicle type and enter the Universal Sompo bike insurance details.

Universal Sompo 2 Wheeler Insurance Claim Process

  • To get your claim reference number, you need to register your 2 wheeler insurance claim by calling the insurer
  • Within 24 hours of claim registration, their representative will contact you.
  • Within one working day, a claim examiner will be appointed.
  • Once the survey is done, your two-wheeler will be sent to the workshop for repairing.
  • Furthermore, you need to submit your Universal Sompo 2 wheeler insurance claim documents to the company and your payment will be done within 5 days of the documentation.
  • You can track the status of your Universal Sompo bike insurance claim online by visiting the official website of the insurer.

Universal Sompo Bike Insurance FAQs

What is personal accident cover for owner-driver?

The insurer will compensate for death or bodily injuries that are sustained by the owner-driver/ co-driver of the vehicle while driving/traveling in the insured two-wheeler as per the table below-

Nature of Injury

Compensation Provided

In case of death 100%
Loss of sight of both the eyes and limbs. Loss of either of the limb or sight limb and sight of one eye. 100%
Loss of one eye and one limb 50%
Total disabilities 100%

How to renew Universal Sompo bike insurance?

To renew your policy you can visit the nearest branch office. If you do not want to run from pillar to post, you can also renew your Universal Sompo two wheeler insurance policy online and make the payment by credit/debit card or through other online payment modes.

What is No-Claim-Bonus and Incremental NCB?

Under the Universal Sompo Long Term Package Policy, you are eligible for two types of No-Claim- Discounts – Normal No-Claim-Bonus and Incremental No-Claim-Bonus.

The incremental NCB is applicable over the normal No-Claim-Bonus at the time of renewing a long-term policy. On the other hand, normal NCB will be applicable at the time of renewing both the long-term and annual Universal Sompo two wheeler insurance policy. Also, it can be availed while switching from a yearly policy to a long-term package policy.

However, the total No-Claim-Bonus i.e. Normal NCB + Incremental NCB shall not exceed 50%.

You can avail Normal No-Claim-Bonus as per the table is given below-

For all the Vehicles

NCB (% of Discount on Own Damage Premium)

No claims made 20
No claims made for 2 consecutive years of policy term 25
No claims made for 3 consecutive years of policy term 35
No claims made for 4 consecutive years of policy term 45
No claims made for 5 consecutive years of policy term 50

What are the add-on covers available in Universal Sompo bike insurance?

You can opt for the following add-on benefits-

  • Daily Cash Allowance
  • Engine Protector
  • Hospital Daily Cash Allowance
  • Zero Depreciation Cover
  • Return to Invoice Benefit
  • Driving License Cover
  • Accidental Injury Compensation for the owner and family
  • Roadside Assistance Cover
  • Accidental Hospitalization Cover for Family
  • Consumables Cover
  • No-Claim-Bonus Protector

How much Additional Long Term Discount will I get?

If you buy the long-term package, you can avail the following additional discount-

  • For a 2-year policy, you can avail 5% additional discount

For a 3-year policy, you can avail 10% additional discount