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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.
Bank of George emerged with a new brand celebrating our technological advancements in the digital space – GBank! We are proud of our improved digital banking and mobile apps for both your personal and business accounts. With increased functionality and efficiency, we know you will love the new GBank. And as tech advances, so will we. We will never lose sight of the core values that have made us your chosen community bank as we grow. Our goal is to give our clients the highest level of service and care at all times. When they look back and assess their relationship with our institution, the total of all the interactions along their banking journey with GBank equals Your Best Banking Experience Ever!® But it doesnt stop there. Our goal is always to give our colleagues that same level of service and care.