Universal Sompo General Insurance Company Limited is a public-private joint venture between Indian banks and a company and a Japanese insurance company.
The Indian banks involved are Indian Overseas Bank (nationalized), Karnataka Bank Ltd(private) and Indian FMCG- Dabur Investment Corp. The Japanese stakeholder is Sompo Japan Insurance Inc.
In the first quarter of this fiscal year, Universal Sompo’s profits grew by a staggering 146%.
