To Offer Health Cover To UPI Users and RuPay Cardholders, Universal Sompo General Insurance partners with NPCI
Jan 19, 2021
Universal Sompo General insurance partners with National Payments Corporation of India (NPCI) to offer a special health insurance cover to RuPay Card holders & UPI Users at affordable premium rates. It provides special coverage 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 enroll and buy this specially designed coverage in a hassle-free digital environment. 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”. 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 Co. Ltd is a joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank Ltd, Dabur Investment Corporation and a leading general insurer from Japan, Sompo Japan Insurance Inc. It has footprints across the country to serve its customers with 17 Zonal Offices, 86 Branch Offices and a 1500 strong workforce. It offers a wide-range of products catering to Retail, Rural, SME & Corporate customer segments. It's innovating in the health insurance space and offers both standalone policies and co-branded products in conjunction with its bank partners. It 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 smooth purchase experience for customers and rapid integration facility for distributors.