Business EconomyPosted at: Aug 17 2020 1:20PM

Universal Sompo General Insurance and BSE EBIX join hands to sell General Insurance products

Mumbai, Aug 17 (UNI) Universal Sompo General Insurance Company Ltd, a joint venture between Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investment Corp and Sompo Japan Insurance Inc announced its alliance with BSE Ebix Insurance Broking Private Limited (BSE Ebix), a joint venture between BSE and Ebix Fincorp Exchange Pte Ltd to sell General Insurance products using strong distribution network of BSE Ebix in a completely digitized environment.
The partnership has been initiated with the offering of Universal Sompo's recently launched Corona Kavach cover which is a short-term policy to cover COVID-19 related hospitalization expenses through certified Point of Sales Persons (PoSPs) of BSE Ebix. Presently, BSE Ebix has more than 7,200 registered PoSPs, and is growing daily.
Due to the spike in the number of COVID-19 cases, Insurance Regulator IRDAI had asked insurers to design specialized products covering the treatment cost of coronavirus. Corona Kavach policy seeks to address this very need of the general public. The strategic association between Universal Sompo General Insurance and BSE EBIX will enable more people to avail insurance plans and protect themselves and their families against the deadly virus.
Corona Kavach policy can be purchased on individual or family floater basis for a period of 3.5, 6.5 or 9.5 months. It offers sum insured ranging from minimum of Rs 50,000 to Rs 5,00,000 (in multiples of Rs 50,000) for hospitalization expenses related to Covid-19. The policy covers the cost of PPE kit, gloves, mask and other similar expenses incurred during treatment of Covid-19. The policy also covers ICU and ventilator charges at hospitals. It also provides cover for Home Care Treatment Expenses including cost of Pulse Oximeter and Oxygen cylinder if advised by Medical Practitioner.
On the occasion, Ashishkumar Chauhan, Managing Director & CEO, BSE (Bombay Stock Exchange), said "We welcome Universal Sompo on BSE Ebix technology platform and with this addition we would be able to offer most customer-suited insurance covers across the country. We look forward to integrate entire range of products of Universal Sompo which can be sold through our strong network of PoSPs to add value to our overall insurance products offering".
Sharad Mathur, Managing Director & CEO, Universal Sompo General Insurance Company Ltd, said "We are rapidly increasing our distribution network and collaboration with BSE Ebix shall prove to be a great achievement. We would be able to offer a bouquet of products ranging from Corona Kavach to Arogya Sanjeevani and a variety of covers in due course of time through the extensive and ever increasing PoSP network of BSE Ebix. The product offering is completely digitized to provide best of the buying experiences to our customers through the network of BSE Ebix."
UNI JS SB 1320

Please log in to get detailed story.

Tags: #Universal Sompo General Insurance and BSE EBIX join hands to sell General Insurance products

Universal Sompo General Insurance and BSE EBIX join hands to sell General Insurance products

ATL Q3 net profit up 73 pc

Raghnall launches Business Cyber shield for corporates

South Indian Bank launches 'SIB Wealth'

GO FIRST to operate special flights for G20 summit

Scripbox partners with wealth managers

AGARTALA, FEB 6 (UNI):- Union Home Minister Amit Shah waving to his supporters during a road show organised ahead of the Tripura Assembly elections in Agartala on Monday. UNI PHOTO-138U

NADAUN (HIMACHAL PRADESH), FEB 6 (UNI):- Mother Sansaro Devi offering laddoos to her son-cum-HP chief minister, Sukhvinder Singh Sukhoo during his maiden visit to his home on Monday. UNI PHOTO-137U

AGARTALA, FEB 6 (UNI):- Union Home Minister Amit Shah along with Tripura CM Manik Saha during a road show organised ahead of the Tripura Assembly elections in Agartala on Monday. UNI PHOTO-136U

TUMAKURU, FEB 6 (UNI):- Gathering at the inauguration of HAL manufacturing facility and other development works in Tumakuru, Karnataka on Monday. Prime Minister Narendra Modi addressing on the occasion. UNI PHOTO-135U

ALEPPO, Feb. 6, 2023 (UNI/Xinhua) -- Rescue work is in progress after a deadly earthquake in Aleppo province, northern Syria, Feb. 6, 2023. A major earthquake of magnitude 7.7 knocked down multiple buildings in southern Türkiye and northern Syria on Monday. UNI PHOTO-AK2F

ALEPPO, Feb. 6, 2023 (UNI/Xinhua) -- Rescue work is in progress after a deadly earthquake in Aleppo province, northern Syria, Feb. 6, 2023. A major earthquake of magnitude 7.7 knocked down multiple buildings in southern Türkiye and northern Syria on Monday. UNI PHOTO-AK1F

TUMAKURU, FEB 6 (UNI):- Prime Minister Narendra Modi dedicates to the nation HAL Helicopter Factory at Tumakuru, Karnataka on Monday. UNI PHOTO-129U

THIRUVANANTHAPURAM, FEB 6 (UNI):- RSP workers staging a march in front of Kerala Legislative Assembly to press their various demands, in Thiruvananthapuram on Monday. UNI PHOTO-121U

THIRUVANANTHAPURAM, FEB 6 (UNI):- Police detain Youth Congress workers who were staging a march in front of Kerala Legislative Assembly, in protest against two percent Cess increased on petrol price in Kerala Budget, in Thiruvananthapuram on Monday. UNI PHOTO-120U

THIRUVANANTHAPURAM, FEB 6 (UNI):- Youth Congress workers set on fire a motorbike who were staging a march in front of Kerala Legislative Assembly, in protest against two percent Cess increased on petrol price in Kerala Budget, in Thiruvananthapuram on Monday. UNI PHOTO-118U

THIRUVANANTHAPURAM, FEB 6 (UNI):- Kerala opposition leader V D Satheesan addressing Youth Congress workers in front of Kerala Legislative Assembly, in protest against two percent Cess increased on petrol price in Kerala Budget, in Thiruvananthapuram on Monday. UNI PHOTO-117U

THIRUVANANTHAPURAM, FEB 6 (UNI):- Police using water cannon to disperse Youth Congress workers who were staging a march in front of Kerala Legislative Assembly, in protest against two percent Cess increased on petrol price in Kerala Budget, in Thiruvananthapuram on Monday. UNI PHOTO-116U

TUMAKURU, FEB 6 (UNI):- Prime Minister Narendra Modi addressing at the inauguration of HAL manufacturing facility and other development works in Tumakuru, Karnataka on Monday. UNI PHOTO-134U

TUMAKURU, FEB 6 (UNI):- Prime Minister Narendra Modi dedicates to the nation HAL Helicopter Factory at Tumakuru, Karnataka on Monday. UNI PHOTO-133U

TUMAKURU, FEB 6 (UNI):- Prime Minister Narendra Modi dedicates to the nation HAL Helicopter Factory at Tumakuru, Karnataka on Monday. UNI PHOTO-132U

TUMAKURU, FEB 6 (UNI):- Prime Minister Narendra Modi dedicates to the nation HAL Helicopter Factory at Tumakuru, Karnataka on Monday. UNI PHOTO-131U

TUMAKURU, FEB 6 (UNI):- Prime Minister Narendra Modi inaugurates of HAL manufacturing facility and other development works in Tumakuru, Karnataka on Monday. UNI PHOTO-130U

KOLKATA, FEB 6 (UNI) :- Members of All Bengal Teachers Association (ABTA) taking out a rally to press their various demand, in Kolkata on Monday. UNI PHOTO-128U

NEW DELHI, FEB 6 (UNI):- Arunachal Pradesh Chief Minister Pema Khandu calls on President Droupadi Murmu, in New Delhi on Monday. UNI PHOTO-127U