About Royal Sundaram Bike Insurance
Royal Sundaram Insurance Company Ltd. plays the role of a trendsetter in the insurance industry of India. The company is a subsidiary of Sundaram Finance Group. It was the first private insurance company in India which got licensed in the year 2000 by the Insurance Regulatory and Development Authority of India. In the year 2019, Ageas Insurance International N.V. acquired 40% of the total equity stake of the company. The current stakes of the company are divided among Sundaram Finance, Ageas Insurance, and other Indian shareholders in the ratio of 40%, 50%, and 10% respectively.
Royal Sundaram is known for providing specialised insurance plans, specially designed for individuals as well as businesses. Its portfolio ranges from Health insurance, Motor insurance, Personal accident insurance, Travel insurance, and Home insurance. To business, it provides specialised insurance products such as fire insurance, marine insurance, engineering insurance, liability insurance, and business interruption risk insurance. It also has special plans designed for small and medium scale enterprises. Other than the traditional way of providing policies, it provides innovative general insurance solutions through various intermediaries and affinity partners.
The company has spread its network-wide to cater to all kinds of customers. Its foundations are built on so much trust and compassion. With human resources of more than 2000 employees, the company has set up approx 143 branches all over the nation. The exceptional service offered by the company has made it one of the biggest insurance providers in India.
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Royal Sundaram Bike Insurance User Reviews
Royal Sundaram Two Wheeler Insurance FAQs
What are the unique features of two wheeler insurance policies offered by Royal Sundaram General Insurance?
The two wheeler insurance policy from Royal Sundaram has some exquisite features that make it approachable by the customers. The features are the following:
- Online policy- The policyholders can buy or renew their policy online.
- Long term plans- The two wheeler insurance policy offers a cover of 2 to 3 years.
- Network garages- It provides cashless repair and replacement services at more than 3,300 network garages.
- Quick claim settlement- It offers a hassle-free settlement of the claim.
How is the premium on my policy determined?
Following are the factors that determine the premium paid by the policyholder for an insurance policy:
- IDV (Insured Declared Value).
- Place of registration.
- Policy tenure.
- Cubic capacity of the vehicle.
- Age of the vehicle.
Why should I take two wheeler insurance from Royal Sundaram?
Royal Sundaram is one of the most reputed names in the insurance industry. You can take a policy with a coverage of 2 to 3 years from it. It featured an excellent claim settlement ratio of 94.96%. It claims to settle down the claim request within 10 working days. The customer support is available 24*7 to solve all your problems.
I do not have a luxury bike, should I take two wheeler insurance?
Life is uncertain and an accident will never knock before arriving. It is important to be prepared for an unfortunate event in advance. An insurance policy will cover you against various legal as well as financial liabilities arising out of those unforeseen events. No matter if you have a basic or a luxury bike being covered is important.
I want to seek details of bike insurance policy, whom should I contact?
To seek any details about the insurance policy you can refer to your policy document or contact the customer support assistants by dialing the toll-free number 1860 425 0000. They are 24*7 available for the service.
Royal Sundaram Two Wheeler Insurance Contact Details
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