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Universal Sompo General Insurance Co Ltd partners with Tata Motors Insurance Broking & Advisory Services Ltd

Posted On: 2020-09-13 22:58:37


Universal Sompo General Insurance Co Ltd has announced partnership with Tata Motors Insurance Broking & Advisory Services Ltd for insuring vehicles through the network of Tata Motor Dealers.

The partnership with Tata Motors Insurance Broking & Advisory Services Ltd shall provide customers with additional choice of insurers. Universal Sompo is equipped with latest technology like AI powered motor claims intimation, deputation of survey within 10 minutes through AI and paper-less claims settlement process which shall not only reduce TAT for claims settlement but shall also lead to customer delight.

Universal Sompo uses mobile app for Spot Survey and Live Video Streaming for assessment of loss. These tech enabled facilities further enhances efficiency in the whole service proposition. Company is committed to service and making coverage available even in remotest locations, ensuring increased insurance penetration in the country.

Besides this, Universal Sompo shall also provide Road Side Assistance services to the customers keeping their vehicle on the road. The services include - Minor road side repair, Rundown of battery, Flat tyre services, Key services, Fuel assistance, Express shipment of spares, Towing of disabled vehicle - in case of Accident or Break down, Pick up of vehicle in case of disability of driver, Medical or Legal coordination and Relay of messages in emergency.

Shares of TATA MOTORS LTD. was last trading in BSE at Rs.144.3 as compared to the previous close of Rs. 143.25. The total number of shares traded during the day was 3077106 in over 14728 trades.

The stock hit an intraday high of Rs. 146.7 and intraday low of 141.7. The net turnover during the day was Rs. 443294865.


Source: Equity Bulls

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