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Universal Sompo General Insurance partners with NPCI

By Edil Corneille

January 19, 2021

  • India
  • Universal
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NPCI, UPI, RuPay, India, Digital PaymentsUniversal Sompo General Insurance partners with National Payments Corporation of India (NPCI) to offer a special health insurance cover to RuPay Card holders & UPI Users that are said to be at affordable premium rates.

Dilip Asbe, MD & CEO, National Payments Corporation of India mentioned, “We are delighted that this collaboration and value proposition will augment health insurance penetration among over 600 million RuPay cardholders and UPI Users. The recent pandemic has brought much needed awareness among people for health insurance. I am sure with the help of specially designed coverage offered by Universal Sompo to RuPay cardholders, they would get maximum advantage by securing themselves against Cancer and Heart ailments at affordable premiums”.

The special coverage is provided for cancer and heart-related ailments along with features like cashless hospitalization in over 5,000 hospitals across India and tax benefit as per income tax laws. This cover is designed for and available to all RuPay cardholders and UPI users. They can enrol and purchase the coverage in a hassle-free digital environment.

Sharad Mathur, MD & CEO, Universal Sompo General Insurance said “We are upholding national agenda and attempting to increase insurance inclusion by offering customized health insurance solutions to RuPay Cardholders and UPI Users in alliance with NPCI. The buying process is entirely digitized for cardholders to enjoy seamless transactions. The collaboration between Universal Sompo & NPCI is ideal to provide value offering to every Indian.”

Universal Sompo General Insurance is a joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investment Corporation and a general insurer from Japan, Sompo Japan Insurance. It has footprints across the country to serve its customers with 17 zonal offices, 86 branch offices and a 1,500 workforce. It offers a wide range of products catering to retail, rural, SME and corporate customer segments. It offers both standalone policies and co-branded products in conjunction with its bank partners. Universal Sompo General Insurance serves customers through a vast and compliant distribution network of banks, agents, brokers, auto dealers, POSPs, CSCs and so on. It continues to invest in technology ensuring a smooth purchase experience for customers and a rapid integration facility for distributors.

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