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Insurance policy is a contract of protection/compensation by the insurer to the insured. It is designed to reimburse or compensate the insured party for the financial loss caused in event of death or damage to merchandise as mentioned in the insurance contract.

Broadly insurance can be classified in two categories:
First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types:
Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans.
Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance
Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan .
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Home > Health Insurance > Health Insurance Companies > Universal Sompo General Insurance

Universal Sompo General Insurance

Three of the Indian partners are leading banks with a combined asset base of approx Rs. 204138 crores (as on 30th September 2008) and over 4000 branches and distribution centres,The 4th , Dabur, one of largest FMCG company in India with over 1.5 million retail outlets.
Sompo Japan Insurance Inc. , headquartered in Tokyo, is a Fortune 500 Company with a global presence, over 15000 employees and 69028 agents and its total premium income for 2007-2008 was in excess of (equivalent to) Rs.67,000 crores, twice that of the Indian General Insurance industry.
Health Insurance Plans
1) Individual Health Insurance Policy : The policy designed to pay the Insured person(s) the hospitalization expenses as well as domiciliary hospitalization benefits if he/she suffers an illness or accidental injury during the policy period.

2) Group Health Insurance Policy : It is offered to Groups comprising of employees both in trading and manufacturing sectors/ social sector and/or members of an institution/society/association/club.

3) Individual Personal Accident Policy : The Policy provides for defined benefits based on the nature of injury sustained, by the insured person in an accident during the Policy period.

4) Group Personal Accident Policy : It offers protection against the consequences of unforeseeable accidents to you and your employees/members. The Policy can also be extended to cover the dependent children/parents of your employees.

5) Aapat Suraksha Bima Policy : It provides cover on lump sum basis to support the insured and/or the nominee against a sudden and unexpected expenditure (other than the medical treatment expenses) on diagnosis of the following major diseases like:
1. Paralytic Stoke
2. Cancer
3. Renal Failure
4. Coronary Artery Disease
5. Major Organ Transplant
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
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