Who Are We?
Universal Sompo General Insurance
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. We offer a wide-range of products catering to Retail, Rural, SME & Corporate customer segments.
Our Shareholders
Our Trusted Brand Partners
Hear From the Visionaries
Our Vision
To emerge as a market leader in our chosen domain by winning customer confidence through superior value and continually enhancing the same.
Our Mission
- World class services and products for our Customers
- Stable returns for our Shareholders
- Stimulating work environment for our employees
- Growth along with Customer Centric Approach
- Highly efficient post-claim services to all our customers
We Shall Strive
- To disseminate hassle free customer services from our Point of Sale
- To connect with customers for imparting knowledge/awareness procedures about the after-sale services of insurance.
- To ensure prompt action / feedback on Customer grievance
- To monitor and enhance service levels constantly
- To achieve sustainable premium growth and focus on bottom line for profitability.
What Makes Us More Than A General Insurance Company
World Class Services
World class services with a hybrid of Indian and Japanese Products.
Bank Facility
A tie up with 3 major banks providing financial facility.
Technology
Advanced information technology with enhanced AI and machine learning.
Employee Development
We build a talent pool creating highly engaged employees.
Our Awards and Media Coverage
2024-2025
Best BFSI Brands of 2024 by Economic Times
2024-2025
Great Place to Work Certified
2023-2024
Best BFSI Brands of 2023 by Economic Times
2020-2021
Customer Service - Insurance Alertss INDIA
2020-2021
Best Technology for Good Project
2016-2017
FM Stars of the Industry-Excellence in General Insurance
2017-2018
Insurance Summit-Best Customer Service Provider of the Year
2016-2017
ABP News Channel-Presented BFSI Ceremony
2016-2017
Fintelekt-Leadership in claim service
2015-2016
FM Stars-Excellence in General Insurance under BFSI Category
2015-2016
Quality Brands India-Excellence in general insurance
26-November-2021Universal Sompo ties up with NPCI to offer Health Cover to RuPay cardholders & UPI users
Publication - The Economic Times BFSI
29-October-2021Insurers receive Covid claims worth Rs 7,700 cr; premiums jump up to 100%
Publication - Indian Express
11-November-2021Universal Sompo Ropes In Nilesh Mejari as CFO
Publication - Business World People
Meet Our Amazing Team
Mr. Shanti Lal Jain
Non-Executive Chairman
Mr. Ajay Kumar Srivastava
Non-Executive Director
Mr. Sharad Mathur
Managing Director & CEO
Mr. Mahesh Kumar Bajaj
Non-Executive Director
Mr. Satish Kumar
Non-Executive Director
Mr. Gopal Sarvesan
Non-Executive Director
Mr. Mohit Burman
Non-Executive Director
Mr. Sekhar Rao
Non-Executive Director
Mr. Kenneth Reilly
Additional Nominee Director
Mr. Takashi Kurumisawa
Non-Executive Director
Mr. Aditya Tibrewala
Non-Executive Director
Ms. Chhaya Palrecha
Independent Director
Mr. G. C. Rangan
Independent Director
Mr. Bhaskar Jyoti Sarma
Independent Director
Sharad Mathur
Managing Director & Chief Executive OfficerSharad has 28 years of business management experience, primarily in General Insurance Industry. He is presently associated with Universal Sompo General Insurance Company as Managing Director & CEO. Previously, he was employed with one of the large size private general insurance company in various roles since its inception, in the year 2009 and finally as Head - Distribution till July 2019, appointed as KMP by the Board. He also had a specific stint in a new General Insurance project, developing business structure, shareholding pattern, and long-term strategy for the proposed venture. Earlier, he was employed with a top private general insurer, since its inception, in the year 2001, in various regional and national leadership roles. In the past, he has worked with large manufacturing organizations, including, MRF, Bharat Shell and Reliance Retail. He holds a bachelor’s degree from Delhi College of Arts and Commerce, University of Delhi. He completed Post Graduate Program in Management with a specialization in Marketing. He completed Leadership Programs from Indian School of Business and Harvard. He has been a key-note speaker and a panelist in international insurance summits, held in parts of Asia, South Africa and Europe. He has been conferred with various awards including '50 Most Talented Retail Professionals of India' by CMO Asia and '50 Most Influential Digital Media Professionals' by World Marketing Congress. He is a Fellow Member of Institute of Directors. Also, a Member of Institute of Internal Auditors, India. Show MoreShow Less
Kuniaki Takahashi
Deputy CEOTakahashi has been associated with Sompo Japan Insurance Inc. since 1995. He has 29 years of experience in the GI business in Asian markets. He was on the Board of Universal Sompo as Nominee Director from April 2015 to March 2019 and subsequently Alternate Director from April 2019 to March 2022. Thereafter, he joined Universal Sompo as Deputy CEO in April 2022. Takahashi oversees Marketing, Investment and Risk functions. Show MoreShow Less
Nilesh Mejari
Chief Financial OfficerNilesh is the Chief Financial Officer of Universal Sompo. He carries with him over 24 years of experience in the insurance sector. In his prior roles, he has held senior positions across Life, General & Reinsurance companies. His last assignment was with a German reinsurer as Chief Financial Officer, Chief Compliance Officer and Chief Risk Officer. He is a year 2000 batch Chartered Accountant and a Bachelor of Commerce by qualification. Show MoreShow Less
Rishin Rai
Chief Risk OfficerRishin is a Financial Risk Manager (FRM), Certified by the Global Association of Risk Professionals. He is also a certified Insurance Anti-Fraud Professional-III, Fellowship-III, ISO-22301 Business Continuity Lead Implementer and Certified Associate of Indian Institute of Banking & Finance. He holds a Post Graduate Diploma in Banking & Finance & a BE degree in Industrial Electronics. He has a total experience of over 17 years in BFSI sector, out of which 5+ years’ experience is in Insurance Industry. His last assignment was with a private life insurance company as Chief Risk Officer. Prior to that, he was also associated with financial services companies. His areas of expertise include Risk Management across BFSI, Internal Controls, Stakeholder Management, Strategic Planning, Business Continuity Planning, Product Risk Management, Risk Transformation, Team Building & Leadership, Managing Ambiguity, Exception Handling & Fraud Risk Management. Show MoreShow Less
Hareshwar Karekar
Chief Investment OfficerHareshwar has over 24 years of experience in Financial Services, of which over 8 years of experience is in Asset Management. In his previous assignment, he was Chief Investment Officer of a private general insurer. As the Chief Investment Officer of Universal Sompo, he leads a team of investment professionals that manages funds across asset classes. He is a Law graduate from the University of Mumbai and holds a Post Graduate Diploma in Business Management. Show MoreShow Less
Vikas Garg
Appointed ActuaryVikas is a fellow of the Institute of Actuaries of India and holds an MBA in Finance from ICFAI University. He has been with Universal Sompo since July 2018. He has a rich experience of over 17 years in the Actuarial domain in General Insurance. In his previous assignment, he was the Appointed Actuary of a multi-national general insurance company. He has also worked with a large private general insurer in his early years. Show MoreShow Less
Priti Singh
Chief People OfficerPriti Singh is a seasoned Global HR Leader. She joins from Mastercard, where she served as the Head of People & Capability for seven years, leading HR functions across South Asia, Eastern Europe, the Middle East, and Africa. Previously, she held roles at several global organizations, including Head of Human Resources for Asia Service Centres at Sun Life Financial and Head of Human Resources at AXA XL. Priti has also served as a Director on the Boards of Mastercard Technology, Sun Life India, and XL India, contributing in strategic leadership, talent management, transformation, diversity and inclusion, culture assimilation, and leadership development. Show MoreShow Less
Aarti Kamath
Company SecretaryAarti is a Fellow Company Secretary, Fellow of the Insurance Institute of India and a Law Graduate. She has over 21 years of rich experience, having worked in Life Insurance, General Insurance and Composite Insurance Broking. She has spearheaded legal and compliance in her past assignments and has been instrumental in setting up best governance practices and compliance. Her area of expertise includes Corporate Law, Corporate Governance, Legal & Compliance and Quality Assurance. Show MoreShow Less
Sameer Patwardhan
Chief Compliance OfficerSameer is a seasoned compliance leader; he spearheads our commitment to ethical and responsible business practices. This industry veteran brings over a decade of experience navigating the complexities of the general insurance sector, with a proven track record in implementing robust compliance frameworks. Having a distinguished academic background in law and commerce, along with a coveted qualification as a Company Secretary, He holds a Bachelor in Legislative Law, being a commerce graduate. Throughout his impressive career, he has consistently demonstrated a deep understanding of insurance regulations, having played a pivotal role in leading compliance efforts at leading industry players. His dedication to ethical business practices aligns perfectly with Company’s vision of operating with the highest standards of integrity. He is committed to further strengthen Company’s compliance framework, especially within the dynamic environment of ever-evolving regulations. Show MoreShow Less
Varsha Gujarathi
Chief Customer OfficerVarsha comes with an extensive experience of 30 years performing diverse roles in UW, Claims, Operations & Marketing for Life, Health & Group Business.Her last assignment was with a global reinsurer where she was associated as Chief UW Officer & Head of Claims.Varsha is a Fellow-Insurance Institute of India, Life Management Institute, and Academy of Life Underwriting.She has played an active role in Insurance Industry associations for over a decade. Her accolades also include being a Syllabus Committee Member for Diploma and Advanced Diploma in Life Underwriting, by Industry Association launched in association with Insurance Institute of India and Academy of Life Underwriting. Show MoreShow Less
Vikram Jain
Chief Technology Officer and Business TransformationVikram has 16 years of Tech experience in the General Insurance sector. He has completed his Master of Business Administration and was heading Information Technology of a global insurer in India and Asia, carrying out System Transformation, Digitalisation, Tech Operations, and development of API ecosystems. He has led multi-million-dollar digital transformations, delivering innovative solutions, and creating best in class digital ecosystems. Show MoreShow Less
Mr. Prasanna Indi
Head-Internal AuditPrasanna is a Chartered Accountant, CISA (Certified Information Systems Auditor) and a Member of the Institute of Internal Auditors. He has a rich experience of over 18 years in Internal Audit, Risk Management and Business Process improvement in BFSI sector, out of which 15+years’ experience has been in Insurance Industry. He has a proven track record in Risk Based Audits, Audit planning & testing and Control evaluation with large Life and General Insurance Companies. He has been with Universal Sompo since August 2022. Show MoreShow Less
Ms. Arti Mulik
Chief Technical OfficerArti comes with over 29 years of experience in General Insurance domain. She has done post-graduation from Mumbai University and MBA in Insurance from ICFAI University. She is a Fellowship from Chartered Insurance Institute (CII), U.K and is a Fellow from Insurance Institute of India (III). She started her career with a public sector insurance undertaking. She was also associated with large-size private general insurance companies in India. At Universal Sompo, Arti spearheads the Underwriting & Product Department Show MoreShow Less
Mr. Rajesh Keny
Head-ReinsuranceRajesh has a rich experience of over 32 years in Insurance domain. He is a commerce graduate. He has been associated with domestic reinsurer and renowned private general insurers at senior management position in the Reinsurance Domain. Rajesh heads Reinsurance department at Universal Sompo Show MoreShow Less
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Life At Universal Sompo
At Universal Sompo General Insurance Co. Ltd, we believe relationships with our stakeholders is strengthened & nurtured by imbibing an attitude towards ‘Caring’ and a commitment of ‘Concern’ towards the welfare of our customers and employees during the time of distress, as well as, being preemptive towards mitigating future Risks. Our Customer Outreach activities include organizing Health Camps and Consumer Awareness Roadshows for providing knowledge empowerment and overall well-being of our customers. We stand-by our customers and citizens of our country during natural catastrophic events and give our best efforts to try and minimize their distressful situations through our team efforts and leveraging our network channels for extending assistance services. At workplace, we work towards creating a healthy work environment for our fellow colleagues through organizing internal Employee Engagement activities towards Training, Employee Welfare and fun activities during the festive period and important national celebrations. Let us give you a glimpse of our universe.
Our Customers Are Our Family
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Take a Look at Our Financials
Insurance is the subject matter of solicitation. IRDAI Registration Number - 134. CIN # U66010MH2007PLC166770.
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