|Universal Sompo General Insurance Co. Ltd. a joint venture between Allahabad Bank, Indian Overseas Bank, Karnataka Bank Limited, Dabur Investments and Sompo Japan Insurance Inc. The Universal Sompo General Insurance Co. Ltd is a unique example of fruitful Public-Private sector partnerships. The three Indian partners are leading banks while Sompo Japan Insurance Inc. is headquartered at Tokyo, is a Fortune 500 Company with a capital of 70 billion yen.
In November 2007 Company received the License and Certificate of Registration from Insurance Regulatory and Development Authority.
The company offers a wide range of insurance products including Health & Critical Illness, Personal Accident & Disability, Home, Motor, Property for individuals, Offices, Shopkeepers Package and other non-life packages for Small Entrepreneurs, besides Employee Benefit, Operational, Project Insurance, Liability and other special products for Corporates. In the near future the company intends to offer innovative and customized Risk Solutions to range of customer segments including Rural and Social sector, utilizing varied Distribution channels.