Universal Sompo General Insurance Unveils Eyewear Insurance: A New Dimension in Protection

Mumbai, February 13, 2024: Universal Sompo General Insurance Company introduced an innovative Eyewear Insurance cover, addressing the increasing demand for eyewear protection in today’s digital era. 

With increasing disposable incomes and a growing reliance on digital screens, the need to safeguard eyewear has become paramount. This comprehensive insurance plan covers loss or damage from Fire and Allied Perils, Accidental Loss or Damage, Burglary, and Theft for various eyewear, including spectacles, lenses, sunglasses, and blue filter glasses.

In this dynamic digital landscape, where every glance carries the weight of a thousand pixels, Universal Sompo Eyewear Insurance emerges as a guardian of clarity and comfort. Whether it's the enchanting allure of luxury eyewear or the essential protection of blue filter glasses, this insurance plan reflects a commitment to innovation and customer-centric solutions. 

Key Features:

    Worldwide Coverage with Theft Protection: Unique worldwide coverage, including theft protection—an aspect often excluded by competitors.
    Flexible Differential Excess and Claim Settlement: Differentiating itself with flexibility in differential excess and claim settlement types.
    Versatile Group and Individual Options: Available as a group platform and individual sachet product, catering to diverse needs.

This insurance accommodates both individuals and groups, offering tailored options for both Employer-Employee and Non-Employer-Employee relationships, with a policy duration of up to one year. Customers have the flexibility to customize coverage based on preferences or invoice value, ensuring a cost-effective plan featuring unique elements such as differential excess and claim settlement types. 

Whether your eyewear's value is up to Rs.50,000 or falls within Rs. 500 to Rs. 50,000, our premiums are structured to provide affordable protection. For eyewear valued up to Rs. 10,000, enjoy comprehensive coverage with a minimal premium of just Rs. 100. Universal Sompo prioritizes making eyewear protection essential, yet accessible, offering peace of mind at a budget-friendly price. 

Doctor Mancy Modi, a Professor in Periodontology and Oral Implants currently practising at Dr. L.H. Hiranandani Hospital expressed her views “I have been wearing glasses for 10 years and I understand the importance of clear vision and the monetary burden of spectacle replacements. The idea of having them insured brings a genuine smile to my face.” 

The company stands dedicated to delivering innovative solutions aligned with evolving customer needs. This unique eyewear insurance product exemplifies Universal Sompo's commitment to excellence and customer satisfaction. 

Learn more about the product: https://www.universalsompo.com/assets/file/eye-wear-insurance-policy/eye-wear-insurance-policy-prospectus.pdf 

About Universal Sampo General Insurance:

Universal Sompo is a Joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and Sompo Japan Insurance Inc. The company is headquartered in Mumbai and has 151 offices countrywide with representation through its digitally enabled employees. 

It has a strong distribution network of Agents, Point of salespersons, Bank Branches, Automobile Dealers, Brokers, Common Service Centres, and Digital Platforms. The company offers 234 IRDAI-approved products, and 1494 Add-on covers, ranging from Motor, Accident & Health, Home for Individuals, Shopkeepers Packages, Crop and other non-life packages for SMEs, Fire, Marine, Engineering, Employee Benefits, Project Insurance, Liability, and other special products for Corporates. 

Microinsurance covers the Rural segment. The company maintains its Claims settlement ratio at 98.87% and has robust technology architecture to serve its customers nationwide.