Universal Sompo General Insurance has joined hands with Puduvai Bharathiar Grama Bank on 11 November 2020 in a bid to initiate a bancassurance partnership. Puduvai Bharathiar Grama Bank operates in the entire union territory of Puducherry, covering all four regions — Puducherry, Karaikal, Mahe & Yanam and with the partnership Universal Sompo attempts to offer a range of general insurance solutions and innovative products to the partner bank customers such as Arogya Sanjeevani and MSME covers. As a part of this venture, the company would closely work with the lender to impart product and operational training and streamlining processes.
Universal Sompo General Insurance Co. Ltd is a joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank Ltd, Dabur Investment Corporation and a leading general insurer from Japan, Sompo Japan Insurance Inc.
It has footprints across the country to serve its customers with 17 Zonal Offices, 86 Branch Offices and a 1500 strong workforce. It offers a wide-range of products catering to Retail, Rural, SME & Corporate customer segments.