Benefits of Royal Sundaram Health Insurance
Royal Sundaram General Insurance Company acquired its license in the year 2000 becoming the first private insurance company in the general insurance segment. Currently, the company is formed as a venture between Sundaram Finance, which holds 50% stake; Ageas, which holds 40% stake; and other Indian shareholders who aggregately hold 10% stake in the company.
Royal Sundaram has a range of general insurance products in its kitty, health insurance being one of them. The company has a customer base of more than 5.2 million individuals across the country and has more than 143 branches. The company boasts of being the first private insurer which tied up with banks to sell insurance. Moreover, Royal Sundaram also introduced cashless claim settlements in the health insurance sector.
A range of health insurance plans are offered by Royal Sundaram. The plans are of different types having a wide coverage and affordable premiums.
Additional Benefit of Free Health Check upThe health insurance plans offered by Royal Sundaram offer the benefit of free health check-ups once in 1-4 policy years. Thus, insured members can avail free preventive health checks and maintain their health.
Additional Protection over Employer CoverageEmployer sponsored health insurance plans are available for employed individuals. However, these plans have a limited scope of coverage and the sum insured might also be low. So, if you are already covered under an employer sponsored health plan, you can increase your coverage through any of Royal Sundaram’s health insurance plans.
Cashless BenefitCashless hospitalisation is provided by Royal Sundaram if you take treatments at any of the 5000+ hospitals which are tied-up with the company. Through cashless claim settlements, you do not have to shoulder the burden of medical costs. Your health plan pays for the expenses directly.
Claim Settement RatioHaving established cashless claim settlements, Royal Sundaram aims to settle most of the claims which are presented upon it. That is why the company has a high claim settlement ratio of 82.18%* which measures the number of claims which the company has settled against the total claims which were made on it. *The claim settlement ratio change from time to time.
Coverage against Medical ExpensesRoyal Sundaram’s health plans cover most of the medical expenses which are incurred in case of hospitalisation. Whether the expenses are incurred before being hospitalised, after being hospitalised or at the time of hospitalisation, the expenses are covered under Royal Sundaram’s health plans. Moreover, you also get coverage for day care treatments, maternity expenses, restoration of sum insured, domiciliary treatments, etc. from the plans offered by the company.
Incurred Claim RatioThe Incurred Claim Ratio (ICR) of Royal Sundaram for the financial year 2087-19 was 61%*. The ratio is measured as the percentage of claims paid against the total premiums collected by the company. If the ratio is below 100%, it shows that the company made a profit. Royal Sundaram’s ICR, being below 100% shows that the company earned a profit and is financially stable. *The incurred claim ratio change from time to time.
Tax BenefitThe premiums which are paid for health plans of the company qualify for tax deduction under Section 80D up to a limit of Rs. 55,000 (Rs. 25,000 for individual and Rs. 30,000 for senior citizen).
Royal Sundaram Health Insurance Plan List
|Name of Plan||Sum Insured|
|LifelineMin: 91 Days; Max: No Limit||2 Lakh||Get Quotes Now|
|Family PlusMin: 91 Days; Max: No Limit||2 Lakh||Get Quotes Now|
|Ace Health AdvantageMin: 91 Days; Max: 65 Years||2 Lakh||Get Quotes Now|
|Total Health PlusMin: 91 Days; Max: 65 Years||3 Lakh||Get Quotes Now|
|Health ForeverMin: 91 Days; Max: 75 Years||1 Lakh||Get Quotes Now|
|Amsure Master HealthMin: 91 Days; Max: 65 Years||5 Lakh||Get Quotes Now|
|Total Health AdvantageMin: 91 Days; Max: 65 Years||2 Lakh||Get Quotes Now|
|Secure AllMin: 91 Days; Max: 65 Days||1.5 Lakh||Get Quotes Now|
|Smart Cash Min: 91 Days; Max: No Limit||500/day||Get Quotes Now|
|Critical Illness LumpsumMin: 91 Days; Max: 65 Years||25 Thousand||Get Quotes Now|
|Hospital Benefit PlusMin: 1 Year; Max: 70 Years||5 Lakh||Get Quotes Now|
|Surgical ShieldMin: 90 Days; Max: 65 Years||3 Lakh||Get Quotes Now|
|Hospital Cash InsuranceMin: 1 Year; Max: 70 Years||500/day||Get Quotes Now|
|Arogya Sanjeevani PolicyMin: 3 Months; Max: 65 Years||1 Lakh - 5 Lakh||Get Quotes Now|
|Corona Kavach PolicyMin: 1 Day; Max: 65 Years||50,000 - 5 lakh||Get Quotes Now|
Royal Sundaram Health Insurance User Reviews
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Royal Sundaram Health Insurance FAQs
How to buy and apply for Royal Sundaram health insurance policy?
You can buy and apply for any Royal Sundaram Health Insurance Policy online from the official website of Royal Sundaram Health Insurance at www.royalsundaram.in or through online broker’s website like Insurancedekho.com.
How many hospitals provide cashless claim settlement in health insurance offered by Royal Sundaram?
There are 5,000+ hospitals that provide cashless claim settlement in health insurance by Royal Sundaram.
How to pay Royal Sundaram health insurance premium? What are the modes of payment available?
"Royal Sundaram offers two modes of payment for the health insurance premium, viz., 1. Cash payment at the branch 2. Online payment For the online payment mode, the policyholder can pay via: 1. Credit Card 2. Debit Card 3. Net banking
What is the renewal process for Royal Sundaram health Insurance?
You can renew the Royal Sundaram health insurance policy by following these steps online- Enter your Policy Number and Date of Expiry into e-portal. Calculate the premium Select the payment option-Net Banking or Debit/Credit Card to pay. Upon successful payment completion, print/save the premium deposit receipt.
How can I check the policy status of my Royal Sundaram health insurance?
If you are a registered user, you can simply log into the official website of Royal Sundaram with your e-mail id and password and check the status of your Royal Sundaram mediclaim plan.