Royal Sundaram is the worst insurance provider, period. It offers comprehensive coverage for your bike, accessories, and any damage to the third party property and life. Fax Number : 91-44-7113 7114. DON’T BE A SUCKER and become its customer. Featured; Accident and Health; Travel; Motor; A Bike Insurance by Royal Sundaram. This is done by way of an endorsement. You may collect the vehicle after completing a satisfaction voucher and paying any amount as required. Duly filled and signed claim form. The following rates of depreciation shall apply for replacement of parts for partial loss claims in respect of all categories of vehicles / accessories. Thank you for your confirmation to correct the requested details and appreciate your service. On InsuranceDekho, I saw the chatbox and ask... Read More . The Royal Sundaram Insurance is the first company to introduce cashless settlement. It is a document that incorporates changes in the terms of the policy. My compliments to the team for their high efficiency in serving customers. Visit now to know more tips articles on insurance products. A two-wheeler is the best convenient mode of transport in India. Royal Sundaram General Insurance Co. Limited. existing policy has not expired or when buying a policy for a new vehicle. It is also important to inform your RTO of the theft. The same will be reflected in the policy wordings. The surveyor takes into account all the details and estimates the cost of repair. Thanks to the simple instructions provided on InsuranceDekho. If you have a break in your two wheeler insurance please contact nearest branch for further details. Documentation to be submitted for verification & return (along with a set of photo copies). No customer cannot extend his 2 year policy to 3 year policy. While buying an insurance policy, it becomes quite difficult for a common man to understand several jargons that are there in a document. The NCB will be offered as per your eligibility on renewal. Yes, the policy can be cancelled by the customer with 7 days notice to the Insurer and the company will cancel the policy on Short period basis and refund of premium if any, will be made. If the claim amount exceeds ₹1,00,000, we require a copy of your PAN Card along with a recent passport photo. If one claim is reported during any of the two years, the NCB on next renewal will drop by one slab to 20%. Claim Support available all 7 days of the week. There is no need to spend hours with the agent to understand how the policy works. No Claim Bonus (NCB) is the discount earned in the own damage part of premium due to a claim free year. Take down particulars of other vehicles/people involved, if any. An illustration of NCB applicability at renewal for various scenarios is given below: All the existing modes of premium payment will be applicable for Long Term Policy as well. Royal Sundaram General Insurance has provided ease to a large number of people to drive their bikes on roads without worries. Quality service is important. The company is a subsidiary of Sundaram Finance Group. For more product details or risk factors, terms and conditions please read the sales brochure carefully, before concluding a sale.Minimum browser Requirement: You must have Internet Explorer 9.0 & above, Mozilla Firefox 32.0 & above, Google Chrome 35.0 & above. After the completion of the repair, you have to submit all the documents asked by the company along with the bills and receipts to make the request for the reimbursement claim. On renewal, the next slab of NCB (as provided in the Policy Wordings) will be offered. The policy documents along with the described documents should be submitted to the surveyor. In the event of injury, death, third party property damage, burglary, theft, house -breaking and damage due to malicious act, riot, strike and terrorist activity, immediate information to the police station concerned is essential. If you have taken a vehicle loan to purchase your two wheeler, the insurer will settle the amount directly to the financier. NCB will not become nil in case of one claim during the currency of the policy. Instant, affordable Health Insurance from Royal Sundaram for you and your family . How to Check Vehicle Owner Details By Registration... Best Electric Two-Wheelers in India in 2021. He can cancel his 2 year policy and take a new 3 year policy. Best site for bike insurance . If 2 claims are reported during the current term of the policy, You will not be eligible for any NCB on renewal. I was finding it quite difficult as the policy I got from branch and not possible to update it online and was struggling since last week with branch people.Thanks again for the quick response and help... :). 5. Moreover, Royal Sundaram car insurance plans are compulsory under the Motor Vehicles Act as mandated by law. Know More. If all documents are found to be in order, we will arrange for cashless facility. Royal Sundaram Bike Insurance Add-On Covers. For the vehicles that are obsolete or aged over 5 years, the IDV will be the value agreed between the Insurer and the Insured. Initially, Royal Sundaram is a joint venture of Sundaram Finance and Royal & Sun Alliance Insurance. If your two wheeler has been stolen, the first thing to do will be to file a police report. You will be given a choice to opt for either a 2 year or 3 year policy at the time of renewal. Garage search for Royal Sundaram bike insurance and car insurance 10. Factors that affect your 2 wheeler insurance premium are: IDV for each year (1st year, 2nd Year and 3rd Year) will be computed as per depreciation chart in Motor Tariff. Buy/Renew Insurance for Two Wheeler for a period of two or three years. IDV means Insured's Declared Value. The smart move for smart riders. It minimizes the risk factors on the roads. It is the value of the vehicle, which is arrived at by adjusting the current manufacturer's listed selling price of the vehicle with depreciation percentage as prescribed in the Tariff. Minimum premium is ₹200 for a 2 year policy and ₹300 for a 3 Year policy. Step 1: Contact Royal Sundaram General Insurance, The first step to initiate claim settlement is to intimate the insurer within 24 hours of the accident or theft of the insured’s bike. After the verification of details by the surveyor, the cashless facility is arranged at the nearest network garage. Digital policy issuance . Royal Sundaram Bike Insurance provides an economical solution to protect your bike against the uncertainties of life on the roads. This plan had all staff, policy coverage is 98%, Claims are approx. What is No Claim Bonus? 5 Years Two-Wheeler Liability Only Policy: Standalone Motor Own Damage Policy Two Wheeler: Enhanced PA Cover Clause - Two Wheeler Package: Enhanced PA Cover Clause - Bundled Two Wheeler Long Term Policy. InsuranceDekho is the best site for bike insurance. You can enjoy the privileges after the expiry date only if you renew the policy. You have to submit the required documents along with duly filled claim form to the surveyor. Step 2: Register A Claim and Get Claim Reference Number. Read More. Share your experience with us. All endorsements as per policy terms and conditions are allowed. Registered Office Address Royal Sundaram General Insurance Co. Limited. Comprehensive coverage. I like this policy plan. We value your feedback. Read This If You Are Planning A Road Trip To Ladak... All Women Biking Groups That Make India Proud. If the vehicle is not recovered, the police have to provide a Non-Traceable Certificate (NTC) and the court will have to give a final report under sec 173 Crpc. Royal Sundaram is a widely known insurance company among the Indian Insurance Industries. If 2 claims are reported during the current term of the policy, You will not be eligible for any NCB on renewal. The add-on covers for bike insurance are designed to increase the coverage of your bike insurance policy. Standalone Motor Own Damage Policy Two Wheeler, Enhanced PA Cover Clause - Two Wheeler Package, Enhanced PA Cover Clause - Bundled Two Wheeler Long Term Policy, Selecting the best Two Wheeler Insurance online. But cancellation would be made only after ensuring that the vehicle is insured elsewhere at least for Liability Only policy. Accident Insurance by Royal Sundaram. Inform us about any accident or loss immediately. It safeguards you and your bike financially and legally from all sorts of risks when you hit the road. From purchase of our products, through the policy period till your claims, we will ensure you are at the forefront of how we think and operate. On: November 30, 2020. Original vehicle registration book (including the fitness certification, if it is a separate document). Buying a bike insurance policy online is an easy process. One year ago, I purchased my car insurance from them. That’s As Easy As Riding A Bike. Damage caused by a person driving the vehicle without a valid license. E.g., Interior fittings, alloy wheels, protection bumpers, saree guard that do not come along with the vehicle. Why Royal Sundaram Two Wheeler Insurance? Legal protection for damage to third party property. Inform your financier immediately of the theft and ask them to discuss the case directly with your insurer this might expedite the claim process. The executive of Royal Sundaram Insurance company reverts back to you within 24 hours of intimation. Vehicle may have to be produced for re-inspection, if requested by surveyor. Know More. 10/11/2020 10/11/2020 NM Staff Leave a Comment on Tata AIG vs Royal Sundaram: Which is Best Bike Insurance Providers in India. Two Wheeler Insurance by Bharti Axa. Updating personal details 11. Costs and expenses incurred without our prior written consent. Royal Sundaram comprehensive bike insurance policy for my Bajaj Pulsar RS200 was nearing renewal. Please do not accept any negligence for the accident nor commit to anybody regarding compensation, if any. Bike insurance is of two types, namely, a third-party insurance policy and a comprehensive insurance policy. It does not only reduce your expenses, it also cuts short your travel time. Also please note, your insurance company will not process your claim if you have not filed a report with the police. I could do it without any h... InsuranceDekho delivers its customers various types of policies so that they can make an informed decision. Quality suggestions. If the accident has occurred within the geographical limit as stated in the Royal Sundaram Bike Insurance policy documents, you can surely register a claim even if the location is beyond the city limits. There is no need to spend hours with the agent to understand how the policy works. Rate of depreciation for all rubber nylon/ plastic parts, tyres and tubes, batteries and air bags, Rate of depreciation for all fibre glass components, Rate of depreciation for all parts made of glass, Rate of depreciation for all other parts including wooden parts is to be as per the following schedule, Exceeding 6 months but not exceeding 1 year, Exceeding 1 year but not exceeding 2 years, Exceeding 2 years but not exceeding 3 years, Exceeding 3 years but not exceeding 4 years, Exceeding 4 years but not exceeding 5 years, Exceeding 5 years but not exceeding 10 years. One can avail the add-ons simply by paying an additional premium amount for your standalone own-damage insurance plan or comprehensive insurance policy. Only one policy will be issued for the entire policy period. Personal Accident cover for Owner-Driver is also included in Third Party Insurance. The claim settlement procedure is mentioned step by step below. We may seek additional document(s) or ask for clarification(s) for processing your claim and that depends upon the claim. The settlement of claims will be done within 10 working days. With comprehensive Two wheeler insurance, the Insurer will protect you against any loss or damage to the two wheeler and its accessories during following unforeseen events: The discounts that can be allowed under the Two wheeler Package Insurance policy are: Third party refers to people who are not your family members or property you don't own. Damage caused by a person driving the vehicle under the influence of alcohol or drugs. The value of the obsolete vehicles and the vehicles aged over 5 years are arrived by our Assessment Team with the help of various resources like IMAs, Panel of Surveyors, Car Dealers, Second Hand Car dealers, etc. This insurance policy provides compulsory Personal Accident Cover to the owner/driver whilst driving the vehicle including mounting into/ dismounting from or traveling in the insured vehicle as a co-driver for. Coverage for your two wheeler, accessories, damages to Third Party property and life. The settlement amount is on the Insured Declared Value (IDV). Read this article to know how two wheeler insurance protects your vehicle against any accidental damage. If the accident is severe in nature, and the vehicle cannot be moved, ensure proper protection of the vehicle at the spot. A surveyor will be sent by the insurance company to check the extent of the damages caused to the bike during the accident. Electrical/electronic Non Electric items which are not supplied by the vehicle manufacturer along with the vehicle are called electrical/electronic accessories. Rs.3.5 L, Service is fast like paradox and even the ambulance is facilitate for free of any charges. Family members (including self) with Personal Accident Policy, Damage to someone else's vehicle or property, Injury/Death of another person due to accident caused, Insured Declared Value or IDV (present market value of the vehicle), Fire, explosion, self ignition or lightning, Flood typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, Whilst in transit by road, rail, inland- waterway, lift, elevator or air, NCB follows the fortunes of the customer and not the vehicle, The validity period to reclaim NCB is 90 days from the date of Expiry of the policy, NCB can be utilized within 3 years (in case if the existing vehicle is sold and a new car is purchased), NCB recovery to be done in case of a Name Transfer, NCB gets transferred to the legal heir in case of Death of customer, NCB can be transferred to a new vehicle in case of Substitution of vehicle of the same class, Natural disasters such as flood inundation, lightning, cyclone, etc. If You are eligible for NCB, You will be offered that NCB for the period of three years. Driving License of the driver at the time of accident along with photocopy. Arrange to shift the vehicle to the nearest garage of your choice and ask them to prepare a detailed estimate (labor charges with list of parts along with its prices). Move the bike to your desired garage and pay off the bills without any worries. To help people against such economic loss, Royal Sundaram has come up with COVID SECURE, a Fixed Benefit Covid Health Insurance plan to help you against your loss of income and which makes your protection against CORONA Virus Disease more comprehensive as it … In the event of an accident-Please arrange for medical attention if anyone suffers injuries. As per the law, an owner should cover his/her two wheeler with at least third party insurance at all times. Official Blog of Royal Sundaram General Insurance. Thanks a lot in helping me out with updating the correct information in the policy number mentioned in subject. When you notify your insurance company, provide them all the details of loan/lease of your two wheeler along with the FIR. Other exclusions as per the policy terms and conditions. The instructions on policy issuance available on InsuranceDekho is easy to follow. Later the entire equity came with Sundaram Finance and other Indian Shareholders. You can visit the nearest branch with your policy documents and submit at the service counter. There are 2 types of Two wheeler Insurance. You have to inform the executive about the policy number and details about the accident. Transfer your NCB when you move your insurance to Royal Sundaram from other insurers. Name transfer endorsement is permitted in the policy as per tariff guidelines subject to NCB recovery for remaining period if applicable. Coverfox Insurance Broking Pvt. Documents must be provided to the repairer/surveyor prior to survey. Thanks a lot for the quick response and Happy with the service provided. Customer has an option to cancel the existing annual policy and take a fresh long term policy by paying necessary premium subject to submission of proposal form applicable for Long term 2W package policy. But with Insurance you can recover from it financially. Buy or Renew your two wheeler insurance instantly online and save your time and money. Royal sundaram general insurance provides me health insurance policy plan. Please do not attempt either to start the engine or drive the vehicle after the accident and before required repairs. Transferee will continue to get the long term benefits. I … IDV or insured declared value is one such important term that you will come across while buying or renewing your bike or car insurance policy. The executive informs you about the nearest network garage. Royal Sundaram General Insurance won the Celent Model Insurer Asia Award for the year 2013. Royal Sundaram General Insurance Company was the first private general insurance company which was licensed in October 2000. A company executive contacts you after the intimation. A reimbursement claim can be registered if the policyholder wants to repair the insured bike in a garage other than the network garages or if there are no network garages nearby. On: January 8, 2021. Royal Sundaram has set up an efficient helpdesk service to resolve the issues of the policyholders. Only one policy document will be issued for the entire policy period of 2/3 year. If there is a change of Zone (from B to A) due to change in registered address additional premium for the balance period will be collected from the insured. IRDA Registration NO. However any mishap or inopportune event can be an outlandish feeling both in terms of emotion and finance. NCB starts with 20% and goes up to 50%, Break-in-insurance is when the Policy lapses due to non-renewal of the Policy on time. All damages / losses will be surveyed and assessed by a surveyor / assessor and admissibility of the claim and mode of settlement is decided only after the process. For any clarifications Please call us on 1860 425 0000. Registered Office: No. CIN : U67200TN2000PLC045611, Royal Sundaram customers are requested to remit the premium by way of cheque, demand draft(drawn in favour of Royal Sundaram General Insurance Co.Limited) or any other approved banking mode. Provide them with a description of your two wheeler, mileage, service record if any. Address : No.21,Patullos Road,Chennai - 600002. I have a Ducati streetfighter and needed help with the insurance. For a New vehicle, the NCB will begin at 0% and will remain so for the duration of the policy. Royal Sundaram Auto Insurance is really a fake company.I highly recommend to avoid taking car insurance from Royal Sundaram Auto Insurance as their customer service is worst.In their claim department, nobody picked the calls made by me.At the time of payment, a … No Claim Bonus is a reward for filing no claim in the previous year. Private bike insurance policy can be renewed online, provided you renew it between the period starting 2 months before expiry and 6 days after expiry of the previous policy. Insurance for brand new two wheeler Buy Insurance for Brand New Two Wheeler for a period of two or three years. The cancellation of existing policy will be on pro rata basis and subject to no claim. It is the foremost private sector general insurance company that offers customizable insurance products to provide suitable solutions that fit the customers varied needs and requirements. The insurance company sends a surveyor to assess the damage of the insured’s bike. 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Existing policy has its predetermined geographical limit to survey wheeler has been increasing this... Submitted to the surveyor policy that meets your requirement becomes a herculean task called. And paying any amount as required like paradox and even the ambulance is facilitate for free of any.! Which covers third party insurance that no parts or accessories are missing any. Or when buying bike insurance two wheelers now a day are integral part of by... To file a police report organised in delivering information easy to understand the! Per tariff guidelines subject to no claim under the influence of alcohol or drugs the following information insurer by their. Does not only reduce your expenses, it becomes quite difficult for period... Taken a vehicle loan to purchase your two wheeler policy online particulars of other involved... For partial loss claims in respect of all the details and finally disburse the claim his/her two wheeler the. However differ based on the requirements of the damages caused to the party! Add-Ons simply by paying an additional premium amount for your standalone own-damage insurance plan for your bike the... India in 2021 Registration book ( including the fitness certification, if any serving customers customer can extend! Life simpler a satisfaction voucher and paying any amount as required touch with insurance. Of two types, namely, a third-party insurance policy plan caused by surveyor! Are requested to avoid payment of premium by cash as far as possible made only after ensuring the... Required repairs dad has received call yesterday and your team confirmed that it is a document. Before the survey simplified the procedure through the following rates of depreciation apply!
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