Universal Sompo General Insurance Company has partnered with BSE Ebix Insurance Broking to sell general insurance products utilising BSE Ebix’s distribution network in a fully digitised environment.
As part of the tie-up, Universal Sompo’s Corona Kavach cover will be sold through certified Point of Sales Persons (PoSPs) of BSE Ebix. BSE Ebix is said to have over 7,200 registered PoSPs currently.
Corona Kavach is a short-term policy which covers Covid-19 related hospitalisation expenses. It was launched as per the guidelines announced by the Insurance Regulator and Development Authority of India (IRDAI).
The partnership is anticipated to help more people to purchase insurance plans and protect themselves, and their families against the deadly virus.
Universal Sompo General Insurance Company managing director and CEO Sharad Mathur 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 digitised to provide best of the buying experiences to our customers through the network of BSE Ebix.”
BSE managing director and CEO Ashishkumar Chauhan 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.”
Last month, Universal Sampo launched Artificial Intelligence-powered virtual agents for its motor claims services in India.