Monday, Jan 20 2025 | Time 18:51 Hrs(IST)
image
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
More News

SHF expands in Chennai

20 Jan 2025 | 6:46 PM

Chennai, Jan 20 (UNI) Sundaram Home Finance (SHF) today expanded its presence in Chennai region with the opening of a new Emerging Business (EB) branch in Tambaram and is targetting
Rs. 50 crores disbursements.

see more..
Muscle in Motion' by MRF at Bharat Mobility 2025

Muscle in Motion' by MRF at Bharat Mobility 2025

20 Jan 2025 | 6:31 PM

New Delhi/Chennai, Jan 20 (UNI) MRF Ltd., India’s largest tyre manufacturer and a global leader in tyre technology, will introduce its visionary theme, 'Muscle in Motion,' at Bharat Mobility 2025, Bharat Mandapam, New Delhi.

see more..
CtrlS to set up new Datacenter park in Hyderabad

CtrlS to set up new Datacenter park in Hyderabad

20 Jan 2025 | 6:21 PM

Hyderabad, Jan 20 (UNI) CtrlS Datacenters, Asia's largest Rated-4 datacenter company, on Monday announced plans to set up a new center park on a 40-acre land parcel at the upcoming Chandanvelly Industrial Park near Hyderabad.

see more..
TCS opens new delivery centre in France

TCS opens new delivery centre in France

20 Jan 2025 | 6:02 PM

New Delhi, Jan 20 (UNI) Tata Group IT major Tata Consultancy Services (TCS) on Monday said it has started a new delivery center in Toulouse, France, to drive AI-Powered transformation for the aerospace and defence Industries.

see more..

Muthoot Finance only Gold loan NBFC named in RBI’s Upper Layer List

20 Jan 2025 | 5:53 PM

New Delhi, Jan 20 (UNI) Muthoot Finance Ltd (MFIN), a flagship of Muthoot Group and gold financing company in terms of loan portfolio, has continued its streak as the only gold loan NBFC named in RBI’s ‘Upper Layer’ list for three consecutive years.

see more..
image