Royal Sundaram

The Royal Sundaram Alliance Insurance Company is a joint venture between the Sundaram Finance and the RSA. The Sundaram Finance is a well known non-banking financial institution in India and a symbol of reliability. The RSA is one of the oldest and the second largest general insurer in the UK and a global financial giant.

Contents

• - Corporate Profile
• - Management Team
• - Products & Services
• - Contact Details
• - Private Car Insurance

The combination of these two companies in 2001 resulted in the inception of the Royal Sundaram Alliance Insurance Company Limited which became the first private insurer in the country to be licensed post privatization.
The Royal Sundaram Alliance Insurance Company Limited has since built a portfolio of insurance products for individuals, family plans and businesses, providing extra cover to a wide variety of customers ranging from the common man to large corporations. The company has a strong network of partners, agents and brokers across over 150 cities in India.

Management Team

The Royal Sundaram Alliance Insurance Company Limited is supported by a team of highly experienced and qualified personnel. With their focus on providing the customers the reliability of insurance protection, these personnel have enabled the company to create for itself a niche in the Indian insurance industry. Seasoned in fields of insurance, finance and risk management, these professionals have led the company to function in an efficient and profitable manner for both the customers and the stakeholders. Some of the members of the Management team are as follows:

• Ajay Bimbhet (MD)
• S Venugopalan (Chief Financial Officer)
• P Jeevan Jose (Head – HR)
• MS Sreedhar (COO)
• SR Balachander (Company Secretary & Head – Administration)
• Tania Chakrabarti (Appointed Actuary)
• Milan Naik (National Head Affinity)
• Navin Dhawan (Head - Direct Channel & Marketing)
• Dipankar Acharya (Regional Chief Executive - North)
• Dipanjan Dutta (Regional Chief Executive - East)
• Anup Mathur (Regional Chief Executive - West)
• Vaidyanathan Ramani  (Business Analyst)
• Prashant Singh (National Head FOS & Agency)
• TBD (Regional Chief Executive - South)
• CV Srinivasan (Head Risk & PRP)
• SR Balachander (Head Compliance & Audit)
• Radha Raghavan (Head Commercial Sales - South)
• Prashant Singh (Head Retail Sales - South)

Products & Services

Over the years since its establishment, the Royal Sundaram Alliance Insurance Company Limited has created a vast portfolio of insurance products in the field of health, business, travelling and automobiles. Its products have enabled the customers with optimum convenience and relief from unforeseen losses and helped them safeguard themselves from various damages and hindrances. With the ease of buying insurance policies online and cashless solutions, these products enable the customers with a sense of relief and security. Some kinds of insurance products provided by the company are as follows:

• Health Insurance
• Car Insurance
• Travel Insurance
• Home Insurance
• Hospital Cash Insurance
• Accident Insurance
• Business Insurance

Contact Details

Corporate Office

Royal Sundaram Alliance Insurance Company Limited
Sundaram Towers 45 & 46, Whites Road
Chennai - 600014, Tamil Nadu
Telephone: +91-(0)44-28517387, 42227373
Toll Free Number: 18003458899/ 9444448899
Fax: 91-44-28462345
Email: customer.services@royalsundaram.in

Private Car Insurance

The Royal Sundaram Alliance Insurance Company Limited offers the opportunity to get an insurance quote in a quick and convenient manner through the company’s online insurance service. Further, up to 40 percent of discount can be availed on each policy depending upon the eligibility of the customer. The car insurance provided by the Royal Sundaram ensures complete protection and coverage from all possible damages and losses.

Key Features

The car insurance policy by the Royal Sundaram is governed by the India Motor Tariff Act and follows its regulations and conditions to the core. The key features of the policy are to protect the policyholder from the loss of car or damage to the car. Further, it also includes the mandatory Liability coverage for third party damages and expenses arising out of physical injury or death. The policy is designed to address the damages of the vehicle in a quick manner to ensure that the policyholders can continue their business.
Some of the key features of the motor policy are as follows:

• Unlimited Liability for Third Party death/ injury Claims with Auto Car Insurance policy
• Indemnity for third party property damage up to a limit of Rs. 7,50,000
• Speedy authorization of repairs of the vehicle
• Personal Accident Cover for owner, paid driver and the occupants in the vehicle
• Customer Helpline for support and guidance when needed
• Efficient and worry free claims service
• First Information Report is not required (Unless legally mandatory)

Extra Benefits

Along with the motor insurance policy provided by Royal Sundaram, these are numerous benefits to be availed in terms of additional discounts and no-claim bonuses. Some of these benefits are listed below:

• Special model-wise discounts on Own Damage Premium
• Discount in premium up to 5% on the Own Damage Premium up to maximum of Rs.200/- for a valid Member of Automobile Association of India
• Discount in premium up to 2.5% on the Own Damage Premium (or) Max of Rs. 500/- on installation of Anti-Theft Device in the vehicle
• Discount of Rs. 100/- in Third Party Basic Premium on reduction in limits of Liability for Third Party Property Damage
• Discount of 35% on Own Damage Premium subject to a maximum of Rs. 2,500/- on opting maximum voluntary deductible of Rs. 15,000/-
• Transfer of No Claim Bonus (NCB) from other insurance company on renewal with Royal Sundaram’s Car Insurance Policy

For Policy Terms and Conditions, go to http://www.royalsundaram.in/policyconditions/Car-Insurance/Car-Insurance-TermsandConditions.htm

Car Insurance Policy Coverage

The motor insurance policy by Royal Sundaram offers a comprehensive coverage for the vehicle to protect the policyholder against any damages or losses incurred owing to any mishap. Further, the policy covers the liability to third party arising due to physical injury or death. A compulsory personal accident cover is also included in the policy for the owner or the paid driver. The coverage by the policy is detailed below as follows: a) Loss or damage to vehicle: The policy provides cover against any loss or damage caused to the vehicle owing to various natural and man-made calamities, some of which are listed below:

• Man-made
• Accidental & External Damage
• Fire & Explosion
• Riot & Strike
• Malicious Act
• Burglary, housebreaking/ Theft
• Natural
• Landslide
• Transit
• Earthquake
• Storm and Flood
• Terrorism

Exceptions to the policy in case of damage to the vehicle:

• Wear and tear, Depreciation or any consequential loss
• Mechanical/ electrical breakdown
• Damage caused by a person driving the car without a valid license
• Damage caused by a person driving the car under the influence of alcohol or drugs
• Other exclusions as per the policy terms and conditions

b) Liability to Third Parties: The policy provides cover and legal protection against expenses and liability arising out of death or injury claims from third parties. It also includes legal protection to the policyholder for damage to third party property in addition to the legal costs and expenses.
Exceptions to the policy in case of Third party liability:

• Damage to policyholder’s property
• Costs and expenses incurred without prior written consent issued by the company
• Other exclusions as per the policy terms and conditions

c) Personal Accident Cover to Owner/ Driver: This motor insurance policy includes a compulsory Personal Accident Cover for the owner/driver while driving the vehicle and mounting into or dismounting from or traveling in the insured vehicle as a co-driver for an amount of Rs. 2,00,000. The cover may be extended to include the following:

• Personal Accident Cover to Unnamed Passengers and paid driver for a maximum of Rs. 2,00,000 per person
• Personal Accident Benefits for owner, paid driver and occupants of the vehicle
• Legal liability to paid driver employed in connection with the operation of insured private car
• Legal Liability to the employees of the insured other than paid driver who may be driving or travelling in the vehicle
• Comprehensive cover for Electrical/ Electronic/ Non-Electrical Fittings in the car - Cover for CNG Kit and Bi-Fuel System which are endorsed in the RC book

Car Insurance Benefits

“Wider Legal Liability for your Paid Driver: Motor Insurance Online also gives you the option to provide for a wider cover of your legal liability to your Paid Driver, over and above what is offered as per the Workmen’s Compensation Act.
Deductible: Motor Insurance Online includes a deductible of Rs. 500 for cars not exceeding 1,500cc and Rs. 1,000 for cars exceeding 1,500cc. This means that you pay the first amount of each claim for loss or damage to your car. This policy gives you the opportunity to get a discount on the premium if you choose to increase this deductible. The discount is allowed from the Loss or Damage Section premium.”