Royal Sundaram Commercial Vehicle Insurance
-
Home
-
Commercial Vehicle Insurance
- Royal Sundaram Commercial Vehicle Insurance
About Royal Sundaram Commercial Vehicle Insurance
Commercial vehicle insurance is mandatory for all vehicles used by a business. Whether it is a passenger-carrying vehicle or a goods-carrying vehicle, you must secure it with at least a liability policy, as per the Motor Vehicles Act, 1988. To legally ply on the road, you can opt for a Royal Sundaram commercial vehicle insurance policy. Royal Sundaram General Insurance Co. Limited was incorporated in 2000 with a customer-centric approach of making insurance hassle-free and understandable.
Key Features of Royal Sundaram Commercial Vehicle Insurance
Check the key features of commercial vehicle insurance from Royal Sundaram General Insurance Company Limited:
| Features | Coverage/Benefit |
| Third-Party Coverage | Mandatory |
| Personal Accident (PA) Cover | Compulsory (Up to ₹15 Lakh) |
| Add-Ons | Available |
| No Claim Bonus (NCB) Benefit | For every consecutive claim-free year |
Benefits of Royal Sundaram Commercial Vehicle Insurance
Check out the benefits of buying a Royal Sundaram commercial vehicle insurance policy:
- A 24x7 hassle-free customer support team.
- Has over 8000+ cashless network garages.
- Over 135 branches with a good claim settlement ratio.
What does the Royal Sundaram Commercial Vehicle Insurance Cover?
- Accidental damages
- Damages due to collisions
- Third-party liabilities
- Damages due to explosion, self-ignition, or lightning
- Damages by fire, theft, and burglary
- Damage caused due to natural and man-made disasters
- Damages caused in transit via rail, water, air, or road
- Consequential and negligence damages
- Damages due to depreciation
- Losses due to overloading and wear and tear
- Any mechanical and electrical breakdown
- Damages caused due to drunk driving
- Damages caused outside the policy geographical area
Royal Sundaram Commercial Vehicle Insurance Add-Ons
A standard policy cannot cover all damages, which is why insurers offer several add-ons with commercial vehicle insurance at an additional premium:
- Personal Accident (PA) Cover: A PA cover is a mandatory add-on as per the Insurance Regulatory and Development Authority of India (IRDAI). This is the only add-on available with third-party commercial vehicle insurance and provides a coverage of up to ₹15 lakh if the owner-driver suffers an injury, disablement, or death.
- Accessories Add-On Cover: The accessories add-on covers both electrical and non-electrical accessories of the insured commercial vehicle. The IMT 24 or the accessories add-on covers additionally-fitted electrical/electronic accessories not included in the manufacturer's actual selling price.
- IMT 23: The IMT 23 add-on is essential to cover damages caused to the body parts of the insured commercial vehicle, such as tyres, tubes, lamps, mudguards, bumpers, etc.
How to Buy or Renew Royal Sundaram Commercial Vehicle Insurance?
Check out the steps to buy or renew Royal Sundaram commercial vehicle insurance:
- Step 1: Visit Policybazaar.com
- Step 2: Enter the registration number and click on 'View Prices or select the option for a brand new vehicle, if applicable.
- Step 3: Check your IDV, NCB, and the add-ons required.
- Step 4: Choose the Royal Sundaram plans out of the different commercial vehicle insurance companies.
- Step 5: Pay the premium, and the policy will be sent to your registered email address.
How to File a Claim Under Royal Sundaram Commercial Vehicle Insurance?
Use the steps below to file a claim against an active Royal Sundaram commercial vehicle insurance:
Inform the Insurer
Inform the company about the accident at their 24x7 helpline to start the claim process.
Damage Assessment
A surveyor from Royal Sundaram General Insurance Company Limited will assess the damages and fill the claim form.
Submission of the Documents
After the surveyor approves the claim, submit all the required documents to the insurer either online or offline.
File an FIR
In case of a theft or third-party liability claim, you must also file an FIR before you file a claim.
Repair and Claim Settlement
The insured vehicle will be sent to the network garage for repair, and the provider will settle the claim.
Documents Required to Raise a Royal Sundaram Commercial Vehicle Insurance Claim
The following documents are generally required to file a Royal Sundaram Commercial Vehicle Insurance claim:
- Vehicle Registration Certificate (RC)
- Valid Driving License (DL)
- Duly filed and signed claim form
- Vehicle Fitness Certificate
- All valid Trade Permits
- Load Challans
- Challan Receipts
- Repair Invoice
- FIR /Police Report, in case of theft or third-party liability
Royal Sundaram Commercial Vehicle Insurance FAQs
-
Can I buy Royal Sundaram commercial vehicle insurance online?
Yes, you can easily buy or renew Royal Sundaram commercial vehicle insurance online by using your vehicle registration number on either the official website of the insurer or broker websites like Policybazaar.com. -
Does Royal Sundaram provide cashless claim facilities for commercial vehicles?
Yes, Royal Sundaram General Insurance Company Limited has over 8000 network garages across India that help with cashless claims for a commercial vehicle insurance -
What factors affect the premium of Royal Sundaram commercial vehicle insurance?
The commercial vehicle insurance premium for a policy by Royal Sundaram General Insurance Company Limited depends on several factors, such as make, model, age, Insured Declared Value (IDV), add-on covers, etc.
Secure your commercial vehicle
Renew via self video inspection
Lowest premium starting ₹ 3,139
Standard T&C Apply.
Commercial Vehicle Insurance Articles
- Recent Article
- Popular Articles
Essential Commercial Vehicle Insurance Terms
Commercial vehicles, such as taxis, buses, school vans
Read more
RTI vs IDV in Commercial Vehicle Insurance
When buying commercial vehicle insurance, RTI (Return to Invoice)
Read more
Zero Depreciation V/s Return to Invoice in...
Commercial vehicles are highly prone to regular wear and tear, as
Read more
Top 6 Auto Rickshaw Models In India
Due to easy commutes, and low fares, the demand for
Read more
5 Tips to Find the Bus Insurance Policy
Buses are passenger-carrying heavy-duty commercial vehicles that
Read more
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.
“20+ insurers to choose from#” and “1.2cr+ vehicles insured#” are provided for both private cars and commercial vehicles
^Renew policy in 2 minutes is subject to operations not being impacted by a system failure, technical glitch, insurer downtime, force majeure event, or for reasons beyond our control. Actual transaction time may vary, subject to additional data requirements and operational processes.
“For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale” “All savings and online discounts are provided by insurers as per IRDAI-approved insurance plans | Standard Terms and Conditions Apply”.
+₹3,139/- excluding GST per annum is the price for third-party commercial vehicle insurance for Electric Goods Carrying E Cart 3-Wheeler (commercial).
