IOB Universal Sompo Private Car Insurance

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IOB Universal Sompo Private Car Insurance

Get comprehensive coverage with Universal Sompo Private Car Insurance—protection against accidents, theft, natural disasters, and more with added discounts.

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Details for IOB Universal Sompo Private Car Insurance

Universal Sompo Private Car Insurance by Indian Overseas Bank offers extensive coverage against fire, theft, natural disasters, terrorism, and more. It also covers loss of accessories, personal accident to occupants, and legal liabilities to drivers or workers. Discounts are available for claims-free renewals, opting for higher voluntary excess, and installing approved anti-theft devices. Additionally, a special concession is offered for vehicles designed for the disabled. The policy includes No Claim Bonus, Personal Accident Cover, and enhanced legal liability for third-party property damage up to Rs 7.5 lakh. This insurance provides peace of mind and financial protection for car owners.

Policy Exclusion

  • Any accidents outside the Geographical Area
  • Consequential loss, normal wear and tear
  • Driving without valid licence for the class of vehicle. Driving under the influence of liquor/drugs
  • Vehicle not being used as per Limitation as to use defined

Additional Benefits

  • The Policy covers loss or damage to the vehicle insured arising out of - Fire, explosion, self ignition, lightning, burglary, theft, riot, strike, malicious act, terrorism, earthquake, flood, typhoon, accidental external means, landslide or rockslide, road/rail/inland waterway/air transit
  • For claims free experience, discount available on subsequent renewals
  • Discount for opting higher voluntary excess
  • Discount for provision of approved anti-theft devices
  • Concession for specially designed/modified vehicle for blind, handicapped and mentally challenged persons
  • Depreciation, for the parts needing replacement in the accident is defined.
  • Loss of accessories
  • Legal liability to paid driver, cleaner or any workman
  • Personal Accident to the occupants
  • ncreased legal liability to property damage of third party for a limit of Rs 7.5 lakhs

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