Jap-India JV offers insurance in Puducherry

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Universal Sompo to work close with PBGB

A Japanese-Indian joint venture, Universal Sompo General Insurance has tied-up with Puduvai Bharathiar Grama Bank (PBGB) to offer variety of general insurance solutions and innovative products to the bank customers in the entire union territory of Puducherry.

The company would closely work with the bank to impart product and operational training and streamlining processes.

Puduvai Bharathiar Grama Bank operates covering all four regions — Puducherry, Karaikal, Mahe & Yanam, said an announcement on 13 Nov 2020.

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 a smooth purchase experience for customers and a rapid integration facility for distributors. #banking #insurance #partnership /fiinews.com

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