Universal Sompo is a Joint venture of Allahabad Bank, Indian Overseas Bank, Karnataka Bank Limited, Dabur Investments and SompoJapanNipponkoa Insurance Inc. USGIC is having paid up capital of Rs. 368.18 Cr with the Profit of 206.71 Cr with a premium growth of 22.48% in FY 2018-19.The Company is headquartered in Mumbai and has 86 branches and 17 Zonal offices across India. The Company received the Licence and Certificate of Registration from Insurance Regulatory and Development Authority in November 2007.