StageCorporate Minority | Alive
Last Raised$210M | 5 yrs ago
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Latest Royal Sundaram General Insurance News
Apr 20, 2023
Policyholders can avail ‘Smart Save’ Add-on cover for Private cars, ‘Roadside Assistance’ and ‘Return to Invoice’ Add-on covers for Two Wheelers Chennai, April 20, 2023: Royal Sundaram General Insurance Co. Limited, India’s first private sector general insurance company, has launched three Add-on covers for vehicle insurance policies – ‘Smart Save’ Add-on cover for private cars and ‘Roadside Assistance’ and ‘Return to Invoice’ Add-on covers for two-wheelers. The ‘Smart Save’ Add-on, which comes at a zero cost will help the customer to get an upfront discount in Own Damage (OD) insurance premium, for repairing their vehicles at Royal Sundaram’s identified trusted repair shops and garages in the event of a claim. On the other hand, for two-wheelers, ‘Roadside Assistance’ Add-on covers 11 emergency services, which can rescue an immobilized two-wheeler. The services can be requested for electrical, mechanical, or accidental breakdown. ‘Return to Invoice’ cover comes with two plans which will protect the customers to get their invoice value of the vehicle in case of a total loss, including theft of the vehicle. As per plan chosen, road tax, registration charges and insurance cost are also covered for the customer. Commenting on the launch, MS Sreedhar, Managing Director, Royal Sundaram General Insurance Co. Ltd., said, “With a greater number of vehicles hitting the roads every day, the number of road accidents are also rising. Royal Sundaram committed to offer our policy holders one-stop solutions for their requirements. These add-ons will greatly benefit insured customers in case of any contingency to the vehicle. Such innovative products are the need of the hour, especially when vehicular density is growing every year.”
Royal Sundaram General Insurance Frequently Asked Questions (FAQ)
When was Royal Sundaram General Insurance founded?
Royal Sundaram General Insurance was founded in 2001.
Where is Royal Sundaram General Insurance's headquarters?
Royal Sundaram General Insurance's headquarters is located at No.2/319, Chennai.
What is Royal Sundaram General Insurance's latest funding round?
Royal Sundaram General Insurance's latest funding round is Corporate Minority.
How much did Royal Sundaram General Insurance raise?
Royal Sundaram General Insurance raised a total of $210M.
Who are the investors of Royal Sundaram General Insurance?
Investors of Royal Sundaram General Insurance include Ageas.
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