Royal Sundaram Health Insurance

Formerly known as Royal Sundaram Alliance Insurance Company Limited, Royal Sundaram General Insurance Co. Limited is India’s first private sector general insurance company. It was licensed by the Insurance Regulatory and Development Authority of India (IRDAI) in 2000 and has been providing innovative general insurance solutions since then. The company offers customised insurance solutions for health, motor, travel, and personal accident to individual customers and specialised insurance products such as fire, liability, engineering, marine, and business interruption risks to commercial customers. With more than 2,000 employees in 150 branches across India, Royal Sundaram has a huge customer base of more than 4.5 million customers across the country.

Royal Sundaram General Insurance has reached some significant milestones in the field of health insurance. It is the first health insurer to pioneer the notion of cashless claim settlement. In addition, the company claims to be the first private insurer to offer novel health products such as hospital cash.Health insurance plans offered by Royal Sundaram General Insurance cover individuals and families against medical expenses in case of an emergency. The insurer offers its specially designed health insurance products to different sections of the society at affordable health insurance premiums.

Health insurance premium is the amount that you as an insured are required to pay to the insurance company or a broker like InsuranceDekho to avail benefits under a health insurance policy. You are required to pay a health insurance premium on a regular basis depending on the policy term chosen. It can be 1 year, 2 years, or 3 years in Royal Sundaram Health Insurance plans. But different Royal Sundaram Health Insurance plans have different premiums. There are several factors that determine the premium you are required to pay for the policy you wish to buy. Read them below:

• Age: Age is an important factor that affects the health insurance premium you are required to pay under your Royal Sundaram Health Insurance plan. The younger you are, the lesser premium you will be required to pay and vice versa. This is because when you are young, you are less likely to make health insurance claims thereby, creating lesser liability on the insurer.
• Sum Insured Chosen: The bigger the sum insured, the more the health insurance premium you'll have to pay under your plan. This is because a large sum insured assures more coverage and increases the insurer's obligation. Royal Sundaram Health Insurance plans provide you with a variety of sum insured alternatives from which to choose based on your needs.
  
• Pre-Existing Illness: You will be asked to produce your medical records when acquiring health insurance so that the insurer can identify if you have any pre-existing conditions.The insurer will then decide to cover you or not, on the basis of the severity of the illness. If it decides to cover you, then you will be required to pay a higher health insurance premium as you will be more likely to make claim(s) under your policy.
• Injurious Substances: You will be required to pay a higher premium for your Royal Sundaram Health Insurance plan if you have a habit of chewing tobacco, smoking, or drinking alcohol. This is because these habits are harmful to your health and you become more vulnerable to illnesses due to them.
• Body Mass Index (BMI): High Body Mass Index may lead to several illnesses including heart diseases, diabetes, joint problems, etc which might be the reason for hospitalisation. Therefore, you will be required to pay a higher premium if you have a higher BMI than others.

Royal Sundaram Health Insurance plans cover you and your family against several healthcare expenses. Listed below are top health insurance plans offered by Royal Sundaram Health Insurance:

1. Royal Sundaram Lifeline Health Insurance Policy: The Royal Sundaram Lifeline Policy is an indemnity health insurance policy that is available as a floater for individuals and families. If you are over the age of 18, you can purchase this policy for yourself, your spouse, and your children. Under this policy, there are no restrictions on the maximum age for admission. The policy is available in three variants: Classic, Supreme, and Elite, with sums covered ranging from Rs. 2 lakh to Rs. 1.5 crore.The policy offers you unparalleled benefits. It covers you against domiciliary hospitalisation expenses, AYUSH treatment expenses, expenses related to vaccination in case of an animal bite, wellness benefits, in-patient hospitalisation expenses, and pre-hospitalisation and post-hospitalisation expenses.

2. Royal Sundaram Family Plus Health Insurance Policy: Royal Sundaram Family Plus Policy is a unique health insurance plan that offers comprehensive coverage against healthcare expenses to you and your family. Especially designed for large families, the policy can cover up to 19 relationships at an affordable premium. Individual sum insured policies and common floater sum insured policies are available, with sum insured amounts ranging from Rs. 2 lakh to Rs. 50 lakh. If you are at least 18 years old, you can purchase the policy.The policy has no restriction on maximum entry age. It covers maternity expenses, in-patient hospitalisation expenses, pre-hospitalisation and post-hospitalisation expenses, daycare expenses, AYUSH treatment expenses, domiciliary hospitalisation expenses, etc.

3. Royal Sundaram Arogya Sanjeevani Health Insurance Policy: Another reasonable health insurance plan is the Royal Sundaram Arogya Sanjeevani Policy, which protects you and your family from basic hospitalisation costs in the event of an illness, sickness, disease, or accident. If you are between the ages of 91 days and 65 years, you can be covered under this policy for a variety of benefits, including in-patient hospitalisation expenses, pre-hospitalisation and post-hospitalisation expenses, daycare procedures, AYUSH treatment, road ambulance cover, organ donor expenses, and so on.Sum insured options under this policy range between Rs. 1 lakh and Rs. 5 lakh. The policy is available for a term for 1 year and you can pay for it on a monthly, quarterly, half-yearly, or annual basis.

Royal Sundaram Health Insurance is a preferred choice for many customers because of the following reasons:

• Cashless Hospitalisation at Over 5,000 Network Hospitals: Royal Sundaram Health Insurance has a strong network of more than 5,000 hospitals where you, as an insured, can avail cashless treatment without paying anything from your own pocket.
• High Claim Settlement Ratio: Royal Sundaram General Insurance has a Claim Settlement Ratio (CSR) of 81.50% for the financial year 2019-2020.
• ISO Certified Claims Process: Royal Sundaram General Insurance has an exceptional claim settlement process that has earned it the reputed ISO certification. The insurer offers a seamless claim settlement process that is quick and hassle-free and keeps the customers at ease.
• Around 20 Years of Experience in the Insurance Sector: Royal Sundaram General Insurance has experience of around 20 years in the insurance sector that has helped it grow swiftly and offer reliable insurance solutions to the customers.

A network hospital is a hospital that your insurance company has a tie-up with. As a patient, you can receive cashless treatment at a Royal Sundaram Health Insurance network hospital, with the insurance company covering all costs. The insurer offers over 5,000 network facilities across India where you can receive treatment and would only be responsible for the charges that are not covered by your insurance.

Royal Sundaram Health Insurance plans are flexible and affordable and come with different sum insured options. Some common benefits that Royal Sundaram Health Insurance plans offer you are listed below:

• No Restriction on Maximum Entry Age: Royal Sundaram Health insurance plans do not have any limit on maximum entry age. This means you can purchase Royal Sundaram Health Insurance plans during any stage in life without any hassle.
• Portability Benefit: Portability is a feature of Royal Sundaram Health Insurance plans. This implies that if you are unhappy with your current health insurance coverage, you can move to the Royal Sundaram Health Insurance plan without losing your benefits.
  
• 100% Reload of Sum Insured at No Extra Cost: Royal Sundaram Health Insurance plans offer you a benefit of 100% reload of the sum insured without charging anything extra from you. This benefit can be availed when you have exhausted the sum insured under your policy due to claims made during a policy term.
• Lifetime Renewability: Royal Sundaram Health Insurance plans are renewable for a lifetime. This means you can continue to avail benefits under your policy throughout your life provided you pay the renewal premium timely.
• Preventive Healthcare And Wellness: Royal Sundaram Health Insurance plans cover you against expenses related to healthcare and wellness related services that help you assess your overall well being. These include doctor on email chat, annual health check-ups, health-related articles on your registered email id, etc.

Royal Sundaram Health Insurance coverage can be renewed in a matter of minutes with no paperwork required. When you renew your health insurance plan, you can take advantage of accrued benefits like the No Claim Bonus (NCB) or waiting period benefits.To renew your Royal Sundaram Health Insurance policy, follow the steps given below:

Step 1: Visit the official website of Royal Sundaram Health Insurance and click on ‘Insta Renew’.
Step 2: Enter your Policy Number and Expiry Date. Click on the ‘Submit’ button.
Step 3: View your policy details and premium.
Step 4: Pay health insurance premium for your Royal Sundaram Health Insurance policy online.