Royal Sundaram Alliance Insurance Company LimitedIncurred Claim Ratio - 76*
Royal Sundaram Alliance Insurance Company Limited is the first private general insurance company in India to be licensed. Since then it has been providing customised insurance solutions to meet the divergent needs of the individual, family and business. The company offers health, motor, personal accident, home and travel insurance to individuals. Also, it has a wide range of insurance offerings in marine, fire, engineering, and liability for commercial clients. Royal Sundaram has specially designed products for small and medium enterprises and rural customers.
Currently, Royal Sundaram enjoys the trust of more than 5 million customers. With an employee base of over 1700, insurance products of the company are distributed across India, through agents, partners and distribution brokers.
Royal Sundaram's foundations are built on trust, commitment and professionalism. The company is closely following the ethics of its promoters – Sundaram Finance, one of India’s leading non-banking financial institutions, and RSA, the second largest general insurance company in the UK. These two financial giants have come together to form Royal Sundaram, which is known in the insurance market for its impeccable global practices, innovative products and personalised customer service.
Today, Royal Sundaram is a name to reckon with in the insurance market. The company’s accident & health claims process has got ISO 9001-2008 certification for its high-end customer service delivery. Also, it is the first insurer to launch cashless modes of settlement and innovative health products like hospital cash in the market.
Royal Sundaram Alliance Insurance Company Product Portfolio
Royal Sundaram Health Plans:
Health Insurance plans help to protect your family against financial emergencies and cover your hospitalisation expenses with a health insurance policy.
The Family Good Health policy is a comprehensive health insurance plan designed to offer complete protection to the insured and his/her family against sudden illness, accidents and unexpected hospitalisation. The Family Good Health cover is offered as a family floater plan. The sum insured is a floater amount among family members for the floater plan and is on an individual sum insured basis for the individual plan. The sum insured amount is available in options of Rs. 2/3/4 lakh. The plan can be bought for 1 year or for 2 years and renewals are accepted lifelong. It covers pre, post and in-patient hospitalisation expenses in addition to day care procedures. Accident coverage is provided from the day the policy comes into effect.
The Smart Cash Plan is a daily cash benefit cover which helps secure one’s finances in the event of hospitalisation. It acts as a supplement to one’s health insurance policies by covering several incidental and out of pocket expenses like transportation expenses, patient’s attendant charges, among others. The Smart Cash Plan is available in 3 variants – Smart Cash Silver, Smart Cash Gold and Smart Cash Platinum. The cover is available for the insured, his or her spouse, children, parents and other dependents who bear legal relation to the proposer such as father-in-law, mother-in-law, uncle, aunt, etc. Persons from the age of 91 days onwards can be enrolled in the policy. The plan can be renewed lifelong. Benefits of the plan include accident hospitalisation benefit, convalescence benefit, critical illness benefit and child birth benefit. The personal accident benefit is offered as an optional benefit for specified sum insured on payment of additional premium.
TheLifeline Plan is a holistic indemnity cover from Royal Sundaram General Insurance Company Limited that covers the medical insurance needs of the insured and his/her family. It is available to all individuals above 18 years of age and is offered as an individual plan as well as a family floater. The family floater covers the proposer, his/her spouse and children. The cover comes in three variants – Lifeline Classic, Lifeline Supreme and Lifeline Elite. These plans offer extensive cover starting from Rs. 2 lakh, going up to Rs. 1.5 crore. All day care procedures are covered under the plan. It also covers AYUSH (Ayurveda, Yoga, Unani, Siddha and Homoeopathy) treatment as well as vaccination in case of an animal bite. A 100% reload of sum insured is available at no extra cost. There is no room rent capping or disease specific limits.
Car insurance plans help you to escape from expenses on your car or any other vehicle due to any calamity and cover benefits of comprehensive motor insurance but also provide post accident assistance.
Royal Sundaram Car Shield:
The comprehensive car insurance policy from Royal Sundaram offers a range of additional covers that you can choose to enhance your car protection. The policy covers all damages to the vehicle including theft of parts or accessories, and third party cover up to Rs. 7.5 lakh, besides the numerous add-on covers.
Royal Sundaram Two Wheeler Package Insurance:
The comprehensive policy for new two wheelers covers damages to the vehicle, third party liability and accessories. It covers against both man-made and natural calamities
Royal Sundaram Commercial Vehicle Insurance:
The plan covers all passenger carrying vehicles with a seating capacity of up to 7 passengers for the comprehensive plan. The Third Party Liability Only insurance plan covers goods carrying vehicles up to 15 years of age and passenger vehicles with a carrying capacity up to 18 passengers.
Royal Sundaram plans give you the benefit of travelling with confidence either abroad or domestic thereby ensuring you a complete hassle free travel with peace of mind.
Royal Sundaram Overseas Travel Plan:
The international travel plan guards against loss or delay of baggage, loss of documents such as passport, and medical expenses, among others. The plan comes in two variants – the Single Trip Travel Insurance that is valid for 180 days and from the time you board the flight to the time you return, and Multi Trip Travel Insurance, an annual 365 days plan that let you take multiple trips abroad without the need to buy a new policy each time.
Royal Sundaram Plans plan gives you comprehensive cover for your home and its contents at a reasonable premium and help to safeguard your home and its contents in case of an ill fated event.
Home Shield is a comprehensive home insurance policy by Royal Sundaram General Insurance Company, which offers protection to one’s home and boundary walls against perils like earthquake, accidental fire, inundation because of flood, riots, malicious activity, etc. The insurance policy offers reimbursement for complete reconstruction of home, professional fees of consulting engineer/architect and cost of debris removal. The policy can be renewed anytime, from anywhere. All homes in India which are occupied purely for residential purposes and fall under the pucca construction category can be insured under the Home Shield policy. It has an affordable premium of 60 paise per Rs. 1000 of sum insured value. The authorisation for repair and reconstruction is speedy making it easy for the insured to get things back in shape.
Royal Sundaram’s Home Content Insurance offers complete protection for the contents inside a home. It covers articles inside the home like household appliances, electronics, household contents, jewellery and provides protection against theft, burglary, larceny, fire accidents, electrical and mechanical breakdown, and damage due to earthquake shock, lightning and all such perils. The premium is affordable and total coverage ranges from Rs. 4 lakhs to Rs. 11.5 lakhs. The Home Content Insurance plan is available in 3 variants – Silver, Gold and Platinum. There is no cumbersome documentation involved and one can get the policy in just 5 minutes. The cover commences as soon as the premium is received.
Life is full of twists and turns. Mishaps, disability, accidents and other adverse situations can impact a person both physically and financially. Personal accident plans safeguard you from adversities ensuring complete financial security and peace of mind.
Royal Sundaram Business Insurance
The company offers a range of plans for the corporate, commercial, rural and social sector under this umbrella term of business insurance
- Business Insurance Services
- Business Solutions
- Marine Insurance
- Theft/Burglary Insurance
- Engineering Insurance
- Liability Insurance
- Industrial All Risks
- Office Shield
- Hotel Shield
- Enterprise Shield
- Excelerator Shield
- Education Shield
- Traders Shield
- All Risks
- Standard Fire and Perils
- Consequential Insurance
- Employee Solutions
- Group Health Insurance
- Health Premium Platinum
- Group Accident Insurance
- Workmen’s Compensation
- Rural Sector
- Farmers Insurance
- Farmers Package Shield
- Advantage Farmers Package Shield
- Livestock Insurance
- Pumps Insurance
- Rural Personal Accident Insurance
- Janatha Personal Accident Insurance
- Rural Micro Enterprise Shield
- Rural Hospital Cash Insurance
- Social Sector
- Royal Sundaram Shakthi Health Shield
- Royal Sundaram Shakthi Security Shield
It is advisable to compare all Royal Sundaram General insurance plans with plans from other general insurance companies in India to choose the best insurance plan that suits you the most.
Royal Sundaram Distribution Network:
The Royal Sundaram General Insurance Company operates with the help of more than 200 branch offices spread across 150 cities throughout the country. The company has a strong network of partners, agents and brokers across pan India.
Royal Sundaram General Insurance - Latest News
Royal Sundaram General Insurance recently launched a comprehensive two-wheeler insurance policy that provides coverage for damages caused to a two-wheeler, including any of its accessories, third-party property and/or life. It enables the policyholder renew an existing two-wheeler insurance policy as well as buy a new one online. Each claim-free year entitles the policyholder to receive No Claim Bonus (NCB) that is applicable even when a policyholder moves to Royal Sundaram from his or her previous insurer. The new policy comes with additional benefits of the unlimited claim for death or injury of a third-party while indemnity of Rs. 1 Lakh for any damages caused to the third-party property is also there. The Managing Director and CEO, Royal Sundaram General Insurance, M.S. Sreedhar said that youngsters in India seek uninterrupted, efficient services availability, as the country is on the list of fastest growing two-wheeler markets and the Internet penetration is also very high. The policy is aimed at offering the maximum coverage to the policyholders.
Royal Sundaram General Insurance Company, one of the leading private insurance companies in India, has emerged as one of the key drivers of growth for India’s private insurance sector. Overall, sales of general insurance companies in the private sector including Royal Sundaram General Insurance Company witnessed 17.9% growth to reach a value of Rs. 3185.02 crores. This, even though public insurance companies having been in business for many more decades as compared to the relatively new private insurance players. This strong showing was particularly driven by increased sales of personal accident and motor insurance policies. Compared to this, public sector insurers recorded a sales volume of Rs. 3729.14 crores indicative of only 11.6% growth during the period. The total premium volume received from owned-damage (OD) motor policies by private insurance companies till January for the financial year 2015-2016 was recorded at Rs. 10,533.72 crores.
Royal Sundaram General Insurance, a leading private player in the Indian insurance sector, announced the launch of its Lifeline plan through the bancassurance channel specifically targeted at customers of Standard Chartered Bank India. Lifeline is the much celebrated and highly customizable flagship health insurance product of Royal Sundaram General Insurance. Through this launch, the company is expected to leverage its partnership with Standard Chartered Bank India to gain new retail and corporate customers. In return, the private insurer would provide market-leading customer service as well as an exhaustive bank of product knowledge to new customers acquired through this channel. Lifeline may be availed as one of three available sub plans- Classic, Elite and Supreme, which feature sum assured values ranging from Rs. 2 Lakhs to Rs. 1.5 Crore. Other key features of the Royal Sundaram Lifeline plan include tax saving benefits, family floater benefits as well as an option to obtain coverage for up to 11 critical illnesses.
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