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Universal Sompo is a Joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and Sompo Japan Insurance Inc. The companys paid-up capital is Rs 368 Cr; Shareholders Net worth is over Rs. 1269 Cr ; Gross Written Premium Rs. 4169 Cr ; Assets Under Management (AUM) Rs. 4386 Cr; Solvency at 1.73 times. The company is headquartered in Mumbai and has 151 offices countrywide with representation through its digitally enabled employees. It has a strong distribution network of Agents, Point of salespersons, Bank Branches, Automobile Dealers, Brokers, Common Service Centres, and Digital Platforms. The company offers 234 IRDAI-approved products and 1494 Add-on covers, ranging from Motor, Accident & Health, Home for Individuals, Shopkeepers Package, Crop and other non-life packages for SMEs, Fire, Marine, Engineering, Employees Benefit, Project Insurance, Liability, and other special products for Corporates. Microinsurance covers the Rural segment. The company maintains its Claims settlement ratio at 98.87% and has robust technology architecture to serve its customers nationwide.
Exploring Opportunities in the Electric Vehicle Space.
Headquartered in Lyndhurst, NJ, NAVAC was incorporated in 2017 to enter the industrial vacuum market as a high quality and high performance alternative to the more expensive and recognizable name brands. With a vision of leading the global market in both industrial vacuum and HVAC/R tools (including vacuum pumps), and having already achieved the latter in 2002, NAVAC will take advantage of continuous technical innovation, superior customer service, and the ability to offer levels of customization not often seen in the industry to achieve the same result for industrial vacuum. NAVAC is committed to establishing long-term, mutually beneficial relationships with our partners by building fair and open platforms for cooperation. As such, we already have a strong OEM business in the U.S. as suppliers to some of the most well known brands in the world. We can offer the same levels of service and customization to our NAVAC end users as well. We currently offer a full line of one- and two-stage oil-sealed rotary vane vacuum pumps and accessories. NAVAC is Your Ideal Vacuum Pump no matter what the application and we are committed to winning your business. We offer a full line of high-quality, competitively priced pumps. Most all models are stocked in our NJ warehouse. If we do not offer what you are looking for as standard, we want to work with you to develop the perfect solution.