Royal Sundaram Bike Insurance Review : Features, Types, Exclusions
In today’s post we will see, Royal Sundaram Bike Insurance Review. Along with this, we will also know some special features and exclusions of bike insurance of this company. Then let’s know about Royal Sundaram Bike Insurance.
Royal Sundaram Bike Insurance Review
Royal Sundaram Bike Insurance Company formerly known as Royal Sundaram Alliance Insurance Company Limited is a very large general insurance company.
This company provides us Insurance for Bike, Car, Home, Travel, Health, Term etc. If we talk about the strength of this company, then its network garage in today’s time is more than 3300.
And the insurance claim settlement ratio of this company was 92.6% in the 2020 financial year. This company has more than 45 lakh customers today.
And there are more than 156 branches. This company provides us with Third Party Liability, Comprehensive Two Wheeler Insurance and Own Damage Two Wheeler Insurance.
Bikes or other insurance from this company is a bit expensive as compared to other companies, but if you insure yourself from this company, then you will not face any kind of problem while making any kind of claim.
Also Read : HDFC ERGO Bike Insurance Review
Types of Royal Sundaram Two Wheeler Insurance
Friends Royal Sundaram Company Two Wheeler Insurance provides coverage as follows-
Third Party Liability Insurance
if you are driving on Indian notes, then it is very important for you to have at least a third party liability insurance.
And Royal Sundaram Company provides Third Party Liability Insurance in its Two Wheeler Insurance. In which cover is given for death, physical injury or vehicle damage to any third party at the time of accident.
Comprehensive Insurance
Friends, if you take insurance for your car, then it is very important to have comprehensive insurance in it.
Which gives you cover for natural, man made and personal vehicle damages like fire, explosion, self-ignition, lightning, earthquake, theft, strike, terrorist activity or any type of personal accident.
Special features of Royal Sundaram Company
Friends, Royal Sundaram General Insurance Company is a very big insurance company, in which if you insure yourself, then you will also get to see some of its special features. Out of these, we have discussed some of the special features below, which you should know-
| Special Features | |
| Network Connectivity | 3,300+ |
| Claim Settle Ratio | 92.66% in FY20 |
| Emergency Assistance | Available 24×7 |
| Policies Issued | 20 lakh+ in 2020 (F.Y.) |
| Number of Customers | 45 lakh+ |
| Presence | 150+ branches |
| Property Damage under T. Party | Up to Rs 1 Lakh |
| Online Facility | Available |
| Long-term two wheeler insurance | Available |
| Own Damage Cover | Determined by the IDV |
| Claim Settlement Assistance | 24×7 Helpline Available |
| Personal Accident Cover | Up to Rs 15 Lakh |
Royal Sundaram Two Wheeler Insurance Discount Offer
Friends, Royal Sundaram Two Wheeler Insurance Company also gives us some discount offers, in which the biggest discount offer is No Claim Bonus.
If you took insurance from this company last year and did not make any claim. Then you will be given an insurance rebate of 20% in the coming year.
If you do not make any claim in the coming years also, then your discount can go up to 50%. The no claim bonus is discussed in detail below-
| Year | Discount |
| 1 Claim-Free Year | 20% |
| 2 Claim-Free Year | 25% |
| 3 Claim-Free Year | 35% |
| 4 Claim-Free Year | 45% |
| 5 Claim-Free Year | 50% |
Exclusions
Friends, if you take insurance of your bike from Royal Sundaram Bike Insurance Company, then you will also get to see some exclusions in it, some of these special exclusions are given below-
1. If you do not have a Valley Driving License, and you have any kind of accident while driving. Then you will not be given any kind of insurance claim by this company.
2. When there is any kind of mechanical and electrical breakdown in your car, then no clear is given to you.
3. If you are driving under the influence of any kind of intoxicant like alcohol, and you get into an accident, in which you get injured or your vehicle gets damaged. In this case, you will not be eligible to claim the insurance of this company.
4. This company does not provide insurance for any damage or damage to the tubes and tires of the vehicle.
5. If your vehicle is damaged during any nuclear risk or war, at that time this company will not be responsible for it.
6. If you take your insurance from Royal Sundaram Insurance, and you use your vehicle for any type of record speed testing, racing or reliability trial. So in this case you will not be eligible to claim the insurance.
Conclusion
Friends, in today’s time, it is very important to have valid insurance along with other documents of the vehicle while driving.
Insurance not only protects you from Challan, but also gives you cover in case of any type of accident or vehicle damage.
In such a situation, it would be wise for you to always have bike insurance. Today in which post we discussed Royal Sundaram Bike Insurance. Along with this, we also talked about some special features and exclusives of this company.
Hope you liked our post for today and helped you choose the best bike insurance for yourself.
