Universal Sompo General Insurance partners with Repco Home Finance Limited to insure home loans for its customers

Non-life Insurer Universal Sompo General Insurance has announced that it has partnered with Chennai-based Repco Home Finance Ltd to provide security to its customers by insuring their home loans in case of unfortunate event occurs during the repayment term of the loan.

This partnership will, additionally, disburse affordable insurance solutions from Universal Sompo General Insurance like Group Credit Protection, Long-Term Fire, and Personal Accident policies to Repco’s customers.

According to the agreement, the partnership would see over 155 branches and 24 satellite centers of Repco Home Finance in Tamil Nadu, Andhra Pradesh, Gujarat, Odisha, West Bengal, Rajasthan and Puducherry to offer customized general insurance products to its customers. Repco Home Finance Ltd. is driving aggressively to translate into reality the aspirations of all sections of Indian society to own a home in a transparent way.

Speaking on this partnership, Sharad Mathur, Managing Director & Chief Executive Officer, Universal Sompo General Insurance, said, “Our objective is to offer simple and value-added products to our customers and channel partners with the best insurance solutions through seamless and innovative digitalized initiatives. We are pleased to associate with such a high-quality, customer-centric company, Repco Home Finance Ltd, and offer our services to its home loan borrowers.”

Shri. K. Swaminathan, MD & CEO of Repco Home Finance Ltd, said, “The mission of Repco Home Finance Limited is to translate into reality the aspirations of people to own a house and provide them institutional credit support customized to suit individual needs in a transparent and ethical way. We are pleased to partner with Universal Sompo General Insurance for extending simple and affordable insurance cover to our customers that will help them financially secure their families and their loan obligations.”

This article was shared with Prittle Prattle News as a Press Release.
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