Royal Sundaram General Insurance Co. Ltd. is the first private-sector general insurance company that provides customized insurance solutions to meet the divergent needs of individuals, families, and businesses. The insurance company is owned by Sundaram Finance- one of India’s biggest non-banking financial companies and other Indian shareholders in a 75.9:24.1 ratio.
Royal Sundaram General Insurance Co. Ltd. follows the practice of innovative products, high-class service and ease of claim settlement process. It offers customer-friendly services, including round-the-clock emergency assistance and a digital car inspection process.
|Features||Coverage and Benefits|
|Claim Settlement Ratio||98.6%|
|Personal Accident Insurance||Up to 15 Lakhs|
|No Claim Bonus||Yes|
Royal Sundaram General Insurance Company offers the following benefits to its policyholders:
Royal Sundaram car insurance offers three types of motor insurance policies. They are:
Under the liability only motor insurance policy, Royal Sundaram General Insurance company will compensate the policyholder in the event of an accident leading to third party liabilities, such as third party property damage, death or injury to the third party.
The policyholder is entitled to a 100% cover in case of death or injury, while in property damage, the cover is limited to up to Rs. 7.5 lakh.
A Royal Sundaram Standalone Motor Own Damage policy provides coverage against damages to the insured car due to events like theft, fire, accident etc. It also covers damages arising due to manmade and natural disasters.
A standalone own damage car insurance policy does not cover third-party liabilities, therefore, it needs to be purchased along with a liability-only policy.
Under a Carshield Private Car Package policy or comprehensive car insurance, the insurer will compensate against damages to the insured car arising due to road accidents, calamities, theft, fire and third-party liabilities. This policy is an extensive one as it also covers third party liabilities along with damages to the insured car.
By using the car insurance premium calculator, you can calculate the premium of your motor insurance policy before buying and check whether it's in your budget or not.
Ageing: Gradual wear & tear and depreciation borne by the insured car over time
To enhance the protection of the car and to ensure some more unique benefits under the car insurance policy, Royal Sundaram car insurance provides multiple add-on covers at an additional premium. These add-on covers are:
This add-on cover ensures that a policyholder gets the full amount that he/she claims without any deduction of the depreciation value on parts of the car.
Under this add-on cover, repair or replacement of the front or/and rear windshield glass of the insured vehicle can be done without affecting the No Claim Bonus for the next subsequent year.
With the help of this cover, a policyholder can reduce the insurance premium by 15-35% by agreeing to pay a voluntary deductible amount during claim settlement.
Under this add-on cover, a policyholder can get conveyance or transport allowance on a daily basis on the hired car if the insured car breaks down and needs repair.
Coverage is given under this add-on cover in case of loss or damage caused to the baggage, which was kept in the insured vehicle.
This add-on covers the insured vehicle's engine, gearbox and related internal parts against damages arising due to water ingression and leakage of oil.
This cover allows a policyholder to retain a No Claim Bonus discount on Royal Sundaram insurance renewal irrespective of making claims during the previous policy year.
This add-on cover will provide compensation for the repair or replacement of lost, broken or stolen keys of the insured car.
This add-on covers the damages sustained by the tyres and tubes of the insured vehicle even if it does not result from an accident.
In case of a total loss or theft of the insured car, this add-on cover will provide full reimbursement as per the invoice value of the car. It will also cover road tax, registration charges and insurance costs of the policy opted.
To file a Royal Sundaram motor insurance claim online, you can follow these steps:
Make sure to keep all the mentioned documents handy while claiming under Royal Sundaram car insurance:
Follow the below-mentioned steps for Royal Sundaram car insurance renewal:
Step 1: On the official website of Policybazaar Insurance Brokers Private Limited, visit the ‘Car Insurance’ page from the ‘Insurance Products’ dropdown.
Step 2: Enter your car number on the given form
Step 3: Fill in your name, email and mobile number and view policy prices
Step 4: Select policy expiry date and previous claim details
Step 5: From the given plans, find the Royal Sundaram car insurance renewal policy and review its details.
Step 6: Add the needed add-on covers to your policy and proceed forward
Step 7: Enter the No Claim Bonus discount, if any
Step 8: Fill in the proposal form and proceed with payment
Step 9: After premium verification, make payment via your desired payment mode
Step 10: Once the payment is done, your Royal Sundaram car insurance renewal will be complete. You will get the renewal policy documents at your registered email id.
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