Universal Sompo is a Joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments and Sompo Japan Insurance Inc. Company’s paid-up capital is Rs 368.18 Cr ; Shareholders Networth over Rs. 1,100 Cr ; Gross Direct Premium Rs. 3,400 Cr ; Assets Under Management (AUM) Rs. 4,000 Cr ; Solvency over 2 times. Company is headquartered in Mumbai and has 116 branch offices country wide with representation through its digitally enabled employees in over 200 distinct locations. It has a strong distribution network of Agents, Point of Sales Persons, Bank Branches, Automobile Dealers, Brokers, Common Service Centres and Digital Platforms. Company offers 152 IRDAI approved products and 108 Add-on covers, ranging from Motor, Accident & Health, Home for Individuals, Shopkeepers Package and other non-life packages for SMEs, Fire, Marine, Employee Benefit, Project Insurance, Liability, and other special products for Corporates. Microinsurance covers for Rural segment. Company maintains its Claims settlement ratio at 99.83% and has robust technology architecture to serve its customers nation wide.