Universal Sompo Eye Wear Health Insurance Plan
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Universal Sompo Eyewear Plan

The Universal Sompo Eye Wear Insurance Policy ensures coverage for vis ...Read More

Up to 25 Cr
Sum insured
1
No. of plans
96+
Pan India presence
91.58%
Claim settlement ratio
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🛡️ IRDAI Approved
⭐ 4.4/5 · 2,690 reviews
🏥 4,000+ hospitals
📊 1.97 solvency ratio
✅ 91.58% claim settlement

About Universal Sompo Eyewear Plan

A quick read on what this Universal Sompo Health Insurance plan covers and why it might be a fit for you.

'Beauty lies in the eyes of the beholder.' - Plato

This is the reason you should protect your eyes at any cost.

The eyes are one of the most sensitive organs that we human beings have. We can't even imagine our lives without eyes. Who knows, if someone's eyesight becomes blurry due to an accident and their life becomes difficult? Many people need various special eyewear including spectacles, lenses and sunglasses to get a clear vision and continue their day-to-day activities normally.

There are thousands of health insurance policies out there, but no company gives coverage for protecting your eye-related accessories. Here comes the golden part of a company like Universal Sompo Health Insurance that provides coverage options for eyewear.

The Universal Sompo Eyewear Insurance Plan gives you the freedom to maintain the health of your eyes. As you know, there has been an increased strain on our vision due to elongated screen time and working on devices like laptops & desktops. Resultantly, more people have started wearing fancy sunglasses to protect their eyes from hyperultraviolet rays like advanced sunglasses (with blue/chromatic filter) and lenses to reduce eye straining.

The Universal Sompo Eye Wear Insurance Policy makes sure you get covered for vision needs such as spectacles, sunglasses, lenses and all kinds of glasses that are required for eye protection. Not only this, you get extended coverage if your optical item/s (which you have got coverage for) have gone through a loss/damage/theft/etc. This page discusses all the coverage benefits, inclusions and exclusions, the process of claiming the policy, the company's contact addresses and details, etc.

Sum Insured The Sum Insured would be as per the insured's choice or the invoice value, whichever is lower;
The minimum SI is INR 500
The maximum SI is INR 50,000
Plan Type Individual/Group policy
Policy Term 1 Year
Coverage for (specifications) Spectacles, Lenses & Sunglasses
Where is the coverage available Within India and abroad (as per the specifications of your plan)
Where to get the Jurisdiction Within India only

Plan at a glance

Eligibility, sum insured options and policy mechanics — pulled straight from the policy wording.

Entry age
18 years
Plan type
Individual
Sum insured options
₹5 Cr, ₹500 Cr
Waiting period
Covered from Day 1
Renewability
NA
Policy term
1 year

*Initial Waiting Period is the time period between the issuance of the policy and the time it starts actively. During this period, a policyholder has to wait to avail of the benefits offered under a health insurance plan.

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Fire and allied perils
  • Accidental Damage
  • Burglary including theft

Cons

  • Damage due to mishandling
  • Defect in manufacturing
  • Replacement of the spectacles/lens

What's covered

Every CMS-driven coverage flag from the plan wording — only items with a published value render below.

Hospitalization

  • Room rent Not covered
  • ICU charges Not covered
  • Pre-hospitalization Not covered
  • Post-hospitalization Not covered
  • Domiciliary hospitalization Not covered
  • Day-care treatment Not covered
  • OPD charges Not covered
  • Covid-19 treatment Not covered
  • Cataract Not covered

Bonuses & restoration

  • No-claim bonus Not covered
  • Automatic restoration of SI Not covered
  • Daily hospital cash Not covered

Family & special care

  • Maternity cover Not covered
  • New-born baby cover Not covered
  • IVF treatment Not covered
  • AYUSH treatment Not covered
  • Organ donor expenses Not covered

Modern & preventive care

  • Modern treatment Not covered
  • Road ambulance Not covered
  • Air ambulance Not covered
  • E-consultation Not covered
  • Health check-up Not covered
  • Second medical opinion Not covered
  • Vaccination Not covered

Conditions & global

  • Co-payment Not covered
  • Sub-limits Not covered
  • Compassionate travel Not covered
  • Global coverage Not covered

What is the depreciation(s) percentage of the Universal Sompo Eyewear plan?

  • The depreciation amount of your policy applies to every article (separately) covered under the policy, specifications (in age and %) are mentioned here:
Age Depreciation %
0-3 months 10%
3-6 months 20%
6-9 months 30%
9-12 months 40%
Exceeding 12 months 50%

Universal Sompo Health Insurance Network Hospital List

Universal Sompo Health Insurance Network Hospitals are present in 31 states nationwide. With a wide network of hospitals, Universal Sompo Health Insurance ensures that you are medically secured, irrespective of the city you reside in.

Delhi Mumbai Bengaluru Chennai Kolkata Hyderabad Pune Ahmedabad Jaipur Lucknow

Know More About Network Hospitals →

Inclusions & exclusions

What the plan pays for, and what it doesn't.

Inclusions

  • Fire and allied perils Fire
  • Lightning
  • Explosion/Implosion
  • Aircraft damage
  • Riot, Strike and Malicious Damage
  • Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
  • Impact damage by any Rail/ Road vehicle or animal by direct contact not belonging to or owned by the insured
  • Exploding/overflowing of Water Tanks, Water Apparatus and Water Pipes
  • Subsidence and Landslide including Rock slide
  • Missile testing damage and loss due to leakage from Automatic Sprinkler Installations
  • Bush Fire
  • Accidental Damage
  • Burglary including theft

Exclusions

  • Eyewear that is older than a year or agreed by your insurer.
  • Any damage due to mishandling or negligence to carry the article on the user’s side.
  • Any defects from the end of the manufacturer or supplier.
  • Raising a claim that comes from improper handling, dismantling, fitting, adjustment, repair, alteration, or replacement performed by another agent or retail owner other than the manufacturer entitled to it.
  • Overheating/due to chemical reactions.
  • Replacement of the spectacles/lens on a changed prescription.
  • A damage that is caused by keeping the article in an inappropriate environment that does not align with the manufacturer’s guidelines.
  • Sports glasses, accessories & any embedded valuable/jewellery along with eyewear won’t be covered.
  • Losses within the scope of the manufacturer’s warranty are not covered.
  • Transferring the policy to someone else’s interest is not possible.
  • Loss registered from normal usage.
  • External damages that do not impact the item’s functionality, including but not limited to dents, scratches, polish damage, or broken plastic on ports and antennae.
  • An unexplained or mysteriously disappeared item that was insured is excluded.
  • Infidelity of employees, servants, or household staff of the insured will be not covered.
  • Damage due to moths, rats, mildew/moisture damage or inherent defect, damage due to regular usage, gradually operating cause, etc.
  • Loss of the article due to theft from an unattended vehicle/s.
  • Loss due to theft in ignorance of the insured or their family members.
  • Direct or indirect loss due to the consequences of war, invasion act of a foreign enemy, hostilities (whether war be declared or not), Civil war, rebellion, revolution, insurrection, Military or usurped power, Confiscation, nationalisation, or likewise.
  • Loss/damage caused by the action from public authority.
  • Nuclear and nuclear group of perils.

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

  • SI: - 500 - 50000
  • Policy Term: - 1 Year
  • Initial Waiting Period: - Coverage from day 1
  • Plan Type: - Individual/ Group

Other features & benefits

Deductible clauses with the Universal Sompo Eyewear plan

According to the policy schedule, the policyholder can opt for a specific percentage (excess) of the deductible to avail of a certain percentage of the guaranteed discount. The specifications of the discount are given below:

Excess Discount on premium
5% of the claim amount 5%
10% of the claim amount 10%
15% of the claim amount 15%
20% of the claim amount 20%
25% of the claim amount 25%

How to buy Universal Sompo Eye Wear Insurance Plan?

You can buy this plan from the official website of Universal Sompo General Insurance. Or you can directly reach out to the company’s customer care given below.

If you feel stuck anywhere in the buying process of this policy, give us a call at 1800 4200 269 and get to learn more about the same.

How to raise a claim for the Universal Sompo Eye Wear Insurance Plan?

The steps to follow for proceeding with the grievance redressal of the policy:

Step 1 Reach out to the USGICL to lodge your claim against the policy.

Step 2 The redressal officer of the grievance will address the claim file and proceed with it.

Step 3 In case of any negligence regarding the claim, you can reach out to the insurance ombudsman of the Universal Sompo health insurance company to accelerate the claim proceedings.

Contact details and Grievance redressal of Universal Sompo Insurance policy

Website www.universalsompo.com
Toll-free (customer care number) 1800 22 4030 (for MTNL/BSNL users) or 1800 200 4030 (for others)
E-mail contactus@universalsompo.com
Address Universal Sompo General Insurance Co. Ltd, Unit No- 601 & 602 A Wing, 6th Floor, Reliable Tech Park, Cloud City Campus; Thane- Belapur Road, Airoli- 400708
OR
Registered & Corporate Office: Office No 103, First Floor, Ackruti Star, MIDC Central Road, Andheri (East), Mumbai-400093, Maharashtra
Grievance Cell grievance@universalsompo.com

Learn about the company’s Insurance Ombudsman Offices and Jurisdiction Click here

Documents that you need to submit at the time of raising a claim

  • Filled and undersigned claim form
  • Image/photographs that approve of the loss of claimed item(s)
  • Copy of FIR that mentions the case of theft/burglary/riot/strike
  • Proof of alleged product purchase/invoice of the commodity with payment receipts
  • Estimation of repair/purchase cost on the report suggestion of an expert
  • Indemnity letter authorized by the notary against a loss of more than INR 1 Lakh
  • Bank mandate form, KYC documents, copy of the cancelled cheque
  • Others, requested at the time of raising a claim.

Cancellation information for Universal Sompo eyewear policy

The policyholder needs to inform the company 15 days before starting the process of policy cancellation. If you cancel the policy, a pro-rata refund will be credited to you against the overall premiums paid by you. The fact is, there will be no full refund in case of cancellation. Here’s the tenure for which your policy remains active and the % of a refund at the annual rate that you’ll receive on the policy’s cancellation.

Time for which the Policy is in force Refund of Premium
For a period not exceeding 15 days 90% of the Annual rate
For a period not exceeding 1 Month 85% of the Annual rate
For a period not exceeding 2 Months 70% of the Annual rate
For a period not exceeding 3 Months 60% of the Annual rate
For a period not exceeding 4 Months 50% of the Annual rate
For a period not exceeding 5 Months 40% of the Annual rate
For a period not exceeding 6 Months 30% of the Annual rate
For a period not exceeding 7 Months 25% of the Annual rate
For a period not exceeding 8 Months 20% of the Annual rate
For a period not exceeding 9 Months 15% of the Annual rate
For a period exceeding 9 Months Nil

Long story short

Are you worried about getting blurred vision in the future due to extended exposure to screens? Not anymore! Universal Sompo Eyewear insurance is here to cover you against expensive eye/vision protection articles like eye lenses, sunglasses, chromatic filter glasses, and so on.

Hope this page helped you get all the information in one place! Got more doubts? Reach out to our experts who will guide you through the thick and thins of the plan. Ring us at 1800 4200 269 or ping us on WhatsApp to learn more. You can also ‘get a quote’ to get more details of the best health insurance plans at PolicyX.

Universal Sompo Eyewear Plan: FAQ’s

The 6 most-asked questions about Universal Sompo Eyewear Plan, answered.

The plan widely covers eye protection articles such as - Spectacles, Lenses & Sunglasses.
Anyone who wants this policy as an Individual or a Group can buy it. Group policy is also applicable on the Employer-Employee and Non-Employer-Employee basis.
Yes, you can get your policy cancelled 15 days after informing the insurer about your policy’s cancellation.
In case of a claim against a partial loss, the value of the sum insured will be reinstated as the original sum insured on making a payment of an additional premium. However, in case of a claim against total loss (of any one item), the coverage (of the same) will be ceased and there won’t be a chance of a refund against an overall premium that you’ve paid for that policy tenure.
Yes, anyone can buy this plan.
You need to pay barely 100 rupees if your eye article costs somewhere around INR 10,000 (Though it depends on your requirements).

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Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Naval Goel — Founder & CEO, PolicyX.com Reviewed by Manoj Kumar — IRDAI-certified Health Insurance Specialist
Last updated: 26 Feb 2024 · Originally published: 10 Oct 2024

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