Royal Sundaram Health Insurance

About Royal Sundaram

Royal Sundaram General Insurance Co. Limited, a subsidiary of Sundaram Finance, is a renowned name in the health insurance space. Formerly known as Royal Sundaram Alliance Insurance Company Limited, it is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory and Development Authority of India. Royal Sundaram was initially promoted as a joint venture between Sundaram Finance, one of the most respected non-banking financial institutions (NBFCs) in India and Royal & Sun Alliance Insurance plc, UK, one of the oldest general insurers in the UK.

In July 2015, Sundaram Finance acquired the 26% equity holding from Royal & Sun Alliance Insurance plc. Consequently, the entire 100% equity holding is now held by Sundaram Finance (75.90%) and other Indian Shareholders (24.10%). Apart from health insurance, Royal Sundaram also offers other specially designed products to small and medium enterprises and rural customers.

Key Highlights

• First private insurer to introduce innovative health products like Hospital Cash.
• Royal Sundaram’s Accident and Health Claims received the ISO 9001-2008 certification for the best and efficient customer service.
• Has 5.2 million customers and 2,000+ employees across India.
• Offers 100% reload of the sum insured at no extra cost.
• Doubles your sum insured in 5 claim-free years with no claim bonus.
• A single policy to cover a large family, which can include 19 different relations.
• A unique combination of an Individual+Floater Sum Insured in the same policy.

The company has been providing innovative general insurance solutions, viz., Motor, Health, Personal Accident, Home and Travel insurance to individuals, families, and businesses directly as well as through its intermediaries and affinity partners. It offers specialized insurance products in Fire, Marine, Engineering, Liability, and Business Interruption risks to commercial customers.