Royal Sundaram Bike Insurance provides an economical solution to protect your bike against the uncertainties of life on the roads. 478 , IRDA Direct Broker Code: IRDA/ DB 556/ 13 , Valid till: 26/12/2022, CIN: U66000MH2013PTC243810 DON’T BE A SUCKER and become its customer. Comprehensive coverage. Only one policy document will be issued for the entire policy period of 2/3 year. If 2 claims are reported during the current term of the policy, You will not be eligible for any NCB on renewal. There may be many instances where you have taken a trip on y... Have you made a claim in the previous year? 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. 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. You can get the claim form of Royal Sundaram Bike Insurance in the following ways: Every policy has its predetermined geographical limit. Wear and tear, Depreciation or any consequential loss. Digitalization of all the processes has simplified it for every policyholder. Royal Sundaram Bike Insurance Two wheelers now a day are integral part of daily life for most of the Indian families. A Two wheeler Insurance Policy is mandatory under the Motor Vehicle Act. Bike insurance is of two types, namely, a third-party insurance policy and a comprehensive insurance policy. 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. I have a Ducati streetfighter and needed help with the insurance. Please note: Ensure that you give us the correct & complete contact details (address /telephone no's / mail IDs in the claim form. Royal Sundaram General Insurance Co. Limited (formerly known as Royal Sundaram Alliance Insurance Company Limited), 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. All endorsements as per policy terms and conditions are allowed. Registered Office Address Royal Sundaram General Insurance Co. Limited. The same logic will follow for old vehicles for various slabs of eligible NCB at the time of taking the policy. Save or instantly send your ready documents. If one claim is reported during any of the two years, the NCB on next renewal will drop by one slab to 20%. Instant, affordable Health Insurance from Royal Sundaram for you and your family . The executive informs you about the nearest network garage. 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. Share your experience with us. The Royal Sundaram Insurance is the first company to introduce cashless settlement. Comprehensive vs Third Party Bike Insurance, Group Health Insurance vs Individual Health Insurance, 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. 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). As per the law, an owner should cover his/her two wheeler with at least third party insurance at all times. Moreover, Royal Sundaram car insurance plans are compulsory under the Motor Vehicles Act as mandated by law. Inform us about any accident or loss immediately. May it be for commuting or for some leisure Two wheelers have fulfilled the yearning of having an own means of transport in an economical way. Please submit the duly/completely filled-in claim form to us. Digital policy issuance . Royal Sundaram General Insurance Co. Limited guarantees to settle the claims in 2 days, if all the documents are in order and no discrepancy is found. We operate with a set of values that we call the ‘Sundaram Way’. 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. The refund will be subject to no claim under the policy and retention of minimum premium of ₹100/-. Other documents may be requested based on the requirements of the claim. Royal Sundaram General Insurance Co. Limited. No Claim Bonus is a reward for filing no claim in the previous year. Documentation to be submitted for verification & return (along with a set of photo copies). Digitalization of all the processes has simplified it for every policyholder. It safeguards you and your bike financially and legally from all sorts of risks when you hit the road. Address : No.21,Patullos Road,Chennai - 600002. 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. There is no need to spend hours with the agent to understand how the policy works. We will cancel any one (based on customer request) policy with full refund if both the policies are issued by us covering the same risk. It has simplified the procedure through the following simple steps. R. Rajeev Bakshi . If you receive any notice or summon with regard to the accident (other than criminal proceedings, if any), contact us with the petition copy. Top 4 Reasons to Buy Royal Enfield Bike Insurance from Royal Sundaram. Customers are requested to avoid payment of premium by cash as far as possible. Claim Support available all 7 days of the week. 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. Driving License of the driver at the time of accident along with photocopy. However, do not move the bike before the survey. One year ago, I purchased my car insurance from them. No customer cannot extend his 2 year policy to 3 year policy. About Royal Sundaram Bike Insurance Royal Sundaram Insurance Company Ltd. plays the role of a trendsetter in the insurance industry of India. 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. An illustration is given below Example: A Two wheeler invoiced at and purchased on 01.06.2013 for ₹40,000 shall be covered for following IDVs for the Long Term Motor Two Wheeler Package Policy during 01 06 2016 to 31 05 2018: No additional premium will be collected from the customer if there is TP premium revision during currency of the policy. He can cancel his 2 year policy and take a new 3 year policy. You may collect the vehicle after completing a satisfaction voucher and paying any amount as required. FIR from police station if third party death/ injury or property damage. I have a Ducati streetfighter and needed help with the insurance. Documents must be provided to the repairer/surveyor prior to survey. Only one policy will be issued for the entire policy period. However, once you purchase bike insurance, you select a tenure. This is done by way of an endorsement. 5. 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. It can be accumulated over a period of insurance. Since my pol... Read More. We are part of ‘Sundaram’, the most trusted brand. The same will be reflected in the policy wordings. For customer service call 1860 425 0000. 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. Original vehicle registration book (including the fitness certification, if it is a separate document). What is No Claim Bonus? 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 smart move for smart riders. 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. Vehicle may have to be produced for re-inspection, if requested by surveyor. It guides you through the whole procedure of claim settlement so that the policyholder has a hassle-free experience. It is a subsidiary of Sundaram Finance Group, which is a private sector general insurance company. Know More. Please arrange to submit the same. Coverage for your two wheeler, accessories, damages to Third Party property and life. It does not only reduce your expenses, it also cuts short your travel time. A surveyor will be sent by the insurance company to check the extent of the damages caused to the bike during the accident. Also please note, your insurance company will not process your claim if you have not filed a report with the police. On: January 8, 2021. During a Claim, certain minimum amount is deducted from the Insured. Availing a comprehensive insurance policy is prudent, which not only covers your Two wheeler, but also your family members pillion riders in your two wheeler. 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. Original to be verified and returned. You have to contact Royal Sundaram General Insurance by dialling their toll-free number 1860 425 0000 or by emailing at customer.services@royalsundaram.in immediately after the accident or theft of the insured’s bike. You have to inform the executive about the policy number and details about the accident. All Rights Reserved. Costs and expenses incurred without our prior written consent. 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. Insurance for brand new two wheeler Buy Insurance for Brand New Two Wheeler for a period of two or three years. Royal Sundaram is a widely known insurance company among the Indian Insurance Industries. Along with this, Royal Sundaram is also the first insurance company to bring into existence the idea of cashless claims. I am thankful to InsuranceDekho for offering fully digital policy issuance to its customers. With Two wheeler Insurance, you can cover-, The geographical zones are-Zone A - Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi and Pune.Zone B - Rest of India. They helped me when I was struggling to decide on the r... Royal Sundaram comprehensive bike insurance policy for my Bajaj Pulsar RS200 was nearing renewal. Some of the specific advantages are: Easy and prompt claim settlement process What does your Two Wheeler Long Term Insurance Cover? The following rates of depreciation shall apply for replacement of parts for partial loss claims in respect of all categories of vehicles / accessories. Read This If You Are Planning A Road Trip To Ladak... All Women Biking Groups That Make India Proud. The amount deductible is ₹100/- for all two wheeler Own damage claims. Address : Vishranthi Melaram Towers No.2/319 , Rajiv Gandhi Salai(OMR) Karapakkam,Chennai - 600097. Personal Accident cover for Owner-Driver is also included in Third Party Insurance. If You are eligible for NCB, You will be offered that NCB for the period of three years. A company executive contacts you after the intimation. This plan had all staff, policy coverage is 98%, Claims are approx. Your Two wheeler is your prized possession! You should also be aware of the hidden costs of the policy. One can avail the add-ons simply by paying an additional premium amount for your standalone own-damage insurance plan or comprehensive insurance policy. What is the policy cancellation process for Royal Sundaram personal accident insurance? For company owned vehicles, signature of authorized signatory along with company seal is required. The executive provides you with a unique claim reference number. existing policy has not expired or when buying a policy for a new vehicle. Provide the right protection to your bike for a worry-free ride. The online chatbox on InsuranceDekho has all the answers. Survey will be arranged on receipt of claim intimation and submission of detailed estimate of repairs from the repairer. Accidents can occur at any time, any place, even if it is not your fault. However, recently the number of two wheeler accidents has been increasing and this has caused anxiety amongst riders. The add-on covers for bike insurance are designed to increase the coverage of your bike insurance policy. It mainly concentrates on … But with Insurance you can recover from it financially. I landed on InsuranceDekho and read all the available policy types and their function... InsuranceDekho is neat and organised in delivering information. Keep the following information handy: Policy details; Contact details; Loss details The claim process may require different documents depending on whether the bike was stolen, damaged, etc. The cancellation of existing policy will be on pro rata basis and subject to no claim. Original to be verified and returned. When it was being formed, Royal Sundaram was jointly owned by Sundaram Finance and other stakeholders from India. Buy or Renew your two wheeler insurance instantly online and save your time and money. Royal Sundaram Honda bike insurance offers a complete insurance plan for your bikes. 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 policyholder has the option to follow an offline or online process of claim settlement. For a New vehicle, the NCB will begin at 0% and will remain so for the duration of the policy. You will be given a choice to opt for either a 2 year or 3 year policy at the time of renewal. An endorsement may also be issued subsequently to record changes such as change of address, change of name, change of vehicle etc. The NCB will be offered as per your eligibility on renewal. 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. An endorsement may be issued at the time of issuing the policy to provide additional benefits and cover (e.g., legal liability to driver) or to impose restrictions (e.g., accidental damage deductible). 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