Royal Sundaram General Insurance Co. Limited

Incurred Claim Ratio - 76*
*Data according to IRDA Annual Report (2018-19)
*Please note that the quotes shown will be from our partners

Royal Sundaram General Insurance Co. 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 Royal Sundaram General Insurance Co. Limited, 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 General Insurance Co. Limited 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.

Royal Sundaram Lifeline:

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.

Royal Sundaram Car Insurance Plans:

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 Travel Insurance Plans:

Royal Sundaram offers travel insurance policy, which gives you the confidence of travelling abroad ensuring you have a hassle-free journey 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. This International Travel Insurance Policy 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 Personal Accident Plans:

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
    • 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

  • IRDA Imposes Rs. 5 lakh Fine on IFFCO Tokio & Royal Sundaram

    The insurance regulatory body IRDA by setting a benchmark on rules and regulation has imposed a huge fine on two of the leading insurers Iffco Tokio and Royal Sundaram. The penalty was for not following the rules of motor tariff claims and use guidelines. It is claimed that both the insurers are penalised for not realising the approved claimed amount as per the insured declared value (IDV) against total loss/theft claim.

    The companies are liable to pay the penalty of Rs. 5 lakh each. IRDA had conducted an onsite inspection of the insurance providers related to total loss/theft claims for the financial year 2009-10 and 2010-11. It also said that both the companies had violated the File & Use guidelines that can’t be changed without further orders from IRDA.

    The changed amount shall be collected from the insurance companies through NEFT/RTGS, which needs to be debited to the accounts of stakeholder’s account, within 15 days from the date of receiving the notice.

  • Royal Sundaram to Double its Premium Income from Insurance to 25%

    Royal Sundaram General Insurance lays down a growth plan for the next five years. They are looking forward to doubling the premium income from home, health, and accident insurance from 11 percent to 25 percent.

    In addition to that, the insurance company plans to increase the premium income from commercial segments like property, marine, engineering from 12 percent to 20 percent over the next 5 years. In the financial year 2016, its total premium income touched 1,700 crores, which they expect to reach 2,100 crores by the end of this financial year.

    The CPO of Royal Sundaram General Insurance, Nikhil Apte told PTI that we are expecting a raise in the premium share coming from home, health and accident insurance to from 11 percent to 25 percent over the next 5 years.

    He added, over the next five years, RSGI plans to raise its premium income from the commercial business line from 12 percent to 20 percent.

    The company earns the largest segment for the premium income from motor insurance sector, which contributes 75 percent of its entire premium income to the total. The company is also planning to increase its health sector’s premium income. Apte also said that we have set our eyes on retail health insurance to meet our targets.

  • Royal Sundaram General Insurance Introduces New ‘Comprehensive’ Two-wheeler Insurance Policy

    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 Among Leaders in Private Insurance Sector

    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 Insurance Introduces Plan for Standard Chartered Customers

    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.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 70 Reviews)
Royal Sundaram General Insurance Co. Limited Reviews & Ratings
4.2 / 5 (Based on 70 Reviews)
(Showing Newest 15 reviews)
Jamshedpur, April 12, 2017
Broken rear bumper
I had purchased a Royal Sundaram car insurance cover 10 months ago and filed a claim with last month after an auto rickshaw hitting the rear of my car. I have received 60% of the cost spent in the makeover
Dehradun, April 12, 2017
Successfully claimed damage loss due to Royal Sundaram Car Insurance
Claim settlement is easy and fast paced thanks to their online portal which is easy to follow and navigate. I wondered if I will recover insurance claim due to accident of my car but I think Royal Sundaram car insurance plan genuinely addresses concerns.
Amritsar, April 11, 2017
Windshield got damaged
I bought Royal Sundaram's Car Insurance Plan for my new Maruti Baleno 3 months ago. There was a crack in the front windshield due to minor accident. But due to the cover it saved me Rs. 10000 and on top of that my no claim bonus is still intact.
Panipat, April 11, 2017
Royal Sundaram Car Insurance is a great policy cover
Happy that I got bonus rebate as I didn't claim anything. The important part is the third party liability which is comprehensively taken care of by Royal Sundaram Insurance. Need to be better at customer calling though..but overall satisfying
Vyara, March 15, 2017
Thanks to Ms. Jyothi Kaur for good guidance and services for renewing of insurance policy.
Chennai, February 07, 2017
nice insurance
Good and nice insurance... U get car then please select royal sundaram insurance policy.. It's really quick response...
Gwalior, October 10, 2016
Royal Sundaram Insurance Policy
Royal sundaram general insurance company is very good insurers, I purchased car insurance plan in low investments. Policy premium is also less and returns are really very big. Service is superb no doubt in that, executives are available all time for the customers.
Ooty, October 04, 2016
Car Security
The royal sundaram general insurance is good insurance company. Service is perfect and on time. Coverage is high and claims are easy to sanctioned. Policy renewals is very simple through online portal service. Tow service is also available for each and every area.
Jalore, September 02, 2016
Fantastic Service
My car insurance plan has more features and very good customer service. Policy coverage is high ~89% and claims are easy to cleared due to perfect service given by the company members. Updates are easy to get through website of the company and online renewal is the best service.
Indore, August 23, 2016
Car insurance
I have car insurance plan which is the best in all because it has many benefits and main thing is, accidental death benefit is inbuilt in it. Policy coverage and claims are high but premiums are low. Service is fantastic and behaviour of the executives and staff members of the company.
Pune, July 25, 2016
Sundaram Health Policy
The health insurance policy I have is from royal sundaram general insurance. The policy is great and more benefits in less premiums. Easy renewals on online portal service and the updates also can be seen too regarding insurance policy.
Ghatal, July 08, 2016
Health Care
I have health insurance plan like every one does, but my insurance policy premium is less. Policy coverage is high and claims are even better. The large number of hospitals are there which facilitate fast services to the customers.
Bhopal, June 24, 2016
Best Health Plan
My health insurance plan is the best which provide me best returns. Policy coverage is high which provide's ambulance service for both sides i.e., pick and drop at any locations. Claims are easy to sanctioned due to fast service from the company side. Good number of hospitals make faster and easier treatment which are safe and secure.
Mysore, May 16, 2016
I purchase royal sunadaram travel insurance plan. The policy coverage is high ~89% and the claims are even better. Policy premium is low and the claiming is easy because fast service facilitate by the executives and staff. The luggage and accidental issues are secure in the policy. But the ticket refund is not. Good investment, I like the plan.
Hyderabad, May 16, 2016
My royal sundaram personal accident plan is good with good benefits like it facilitate ambulance for free. The large number of hospitals are providing the service for fast recovery. Good policy coverage and the claims are even better. Good future investment, I like it.
Sonipat, May 16, 2016
I got royal sundaram home insurance plan. The policy is very good which has low premium. The policy coverage is high ~84% and the claims are good. Service is fast which facilitate by the executives and staff of the company. Good future investment which reduces my taxes. I like the policy.
Delhi, March 14, 2016
Policy coverage is around 97% and the claims are approx. Rs.2.9 L. The fiber and interiors of the car is excluded rest are covered in claims. Service is fast and 90% garages of the city are working with the company. Great car insurance policy plan you provided, royal sundaram general insurance.
Pratapgarh, March 14, 2016
Okay policy
Royal sundaram general insurance provides me car insurance policy plan which has low policy coverage around 60%. The premium is less and the claims are covered fiber parts and interiors of the car. Toe up facility is not free for car. Large number of garages are working for fast services.
Badlapur, March 14, 2016
Car Security
Got car insurance policy plan for my new car from royal sundaram general insurance. Policy coverage is 82% and the premiums are very less. Toe car facility is free and large amount of garages are providing services. Claims are good and even fiber parts of the car is also included in claims.
Bengaluru, March 14, 2016
superb plan
My friend suggested me car insurance policy plan of royal sundaram general insurance. I took that plan because it has very low premiums. Policy coverage and claims are high. Huge number of garages are working for providing great services. Even interiors of the car is also included in the policy plan.
Dwarka, March 14, 2016
Nice Car Insurance
I own car insurance policy plan from royal sundaram general insurance. Policy coverage is good ~82%, Claims are ~Rs.2 L. Around 90% garages are working in this project. Toe car facility is available which is absolutely free and yeah fiber parts of the car are included in the claims.
Amritsar, March 14, 2016
Good Services
Royal sundaram general insurance provides me car insurance policy plan. The service is the best, so quick and on time. Number of garages are big and toe up the car is not chargeable. Policy coverage and claims are high and investments are low. Great combo pack in this policy. Like it very much.
Navi_mumbai, March 14, 2016
Above Average
I own car insurance policy plan with royal sundaram general insurance. The plan is an above average and the premium is low. Policy coverage is 80%. Large number of garages are working for fast and good service of the car. Toe up facility is free for cars.
Ahmedabad, March 14, 2016
Policy coverage is good
My car insurance policy plan is with royal sundaram general insurance. Policy coverage is really very good approx. 94% and the premium is low. Service is fast and on time because number of garages are big. Toe car facility is free and the fiber parts of the car is included in claims.
Chennai, March 12, 2016
Really It Was Good Royal Sundaram Giving Good service while taking the policy and for claim service also