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Find out the key benefits and features of Royal Sundaram health insurance online on Coverfox. Royal Sundaram Health Insurance Plans offers comprehensive coverage for you and your family's medical needs at affordable premiums. Royal Sundaram Health Insurance Plans are flexible and provides choice in sum insured. This way, you can buy an adequate amount of cover at an affordable premium that takes care of you and your family when a disease or accident threatens your savings.
Royal Sundaram’s Accident and Health Claims received the ISO 9001-2008 certification for the best and efficient customer service
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. The company was initially promoted as a joint venture by Sundaram Finance, one of the most respected non-banking financial institutions (NBFCs) in India and other Indian Shareholders. Royal Sundaram has over 2000 employees with 150 branches across India, and its products are distributed through various channels-agents, distribution partners, affinity partners, brokers, and online. It has a customer base of more than 4.50 Million across India.
Royal Sundaram Health Insurance offers pocket-friendly health insurance plans with a variety of benefits offering the best care to you and your family members. The plans offered are flexible and gives you an option to choose your sum insured as per your capability.
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The features of Royal Sundaram Health Insurance are mentioned below:
No. of members - The plan covers maximum 5 members of your family
Lifelong Renewal – The plans offered are lifelong renewable, hence it saves you from the financial burden and stress caused by a medical emergency and keeps you well prepared to handle any situation.
Room Rent – The room rent of 2% of the sum insured is applicable for Non ICU & 4% of sum insured on ICU
Pre & Post hospitalization cover - The plan covers medical expenses for 30 days prior to hospitalization and 60 days post hospitalization only for related medical expenses.
Health Check-ups – On successful completion of 4 claim-free years, the health check-up expenses are reimbursed subject to a maximum of Rs.750 per insured person
Pre-existing diseases - Pre-existing diseases are covered after 3 years of waiting period.
Co-payment - The plan has no co-payment policy.
The benefits of buying Royal Sundaram Insurance are mentioned below:
Discounts: Royal Sundaram Health Insurance (रॉयल सुंदरम हेल्थ इन्शुरन्स) provides a discount of 7.5% or 12% if you opt for a 2 years and 3 years plans respectively.
Coverage: Offers coverage to maximum 5 family members
Cashless facility: Offers cashless facility with a wide Royal Sundaram Network Hospitals of 3000 + empaneled hospitals across the country
Flexibility: Offers flexibility to make the premium payments via Netbanking, Debit/Credit card etc. as per your convenience
Cumulative Bonus – Offers cumulative bonus if you have don’t make a claim each year. This bonus ranges from 5% up to 50%
Mediclaim settlement: Offers quick and hassle-free claim settlement services
Reload- Offers 100% reload free of cost
Tax benefits: Section 80C and 10(10D) under the Income Tax Act, provides tax benefits for premiums paid regularly.
Incurred Claim Settlement Ratio: The incurred claim settlement ratio of Royal Sundaram Health Insurance for F.Y. 2018 - 19 is 61%.
There are two ways to make claim under a Health Insurance Policy:
a.) Cashless basis
b.) Reimbursement basis
In simple terms, for making a claim on cashless basis, the treatment must be done only at a network hospital of the insurance company servicing your policy. For availing the treatment, you would have to first seek an authorization as per the procedures laid down and in the prescribed form.
In case of claims on reimbursement basis, the insurance company has to be informed as per their prescribed procedures. The policyholder has to ensure that documents such as claim form, discharge summary, prescriptions and bills to be submitted for the claim on reimbursement are obtained after hospitalization.
Royal Sundaram Health Insurance has a well-defined claim processing system.
Important details required for claim intimation
Contact details for Claim intimation
The contact details for successful, quick and hassle-frees claim settlement are mentioned below:
24 x 7 Toll Free: 1800-425-6645
Health Claims Department , Royal Sundaram General Insurance Co Ltd, Vishranthi Melaram Towers, No.2/319, Rajiv Gandhi Salai (OMR) Karapakkam, Chennai – 600097
Europ Assistance India Pvt Ltd, 301, C Wing, Business Square, Andheri Kurla Road, Chakala, Andheri (East), Mumbai – 400093, Contact No: +91-22-67872035 Email: email@example.com
Claim Process - Cashless Service (For Domestic Claims)
Claim Procedure for Cashless facility (for Worldwide Emergency Hospitalization)
Claim Procedure for Reimbursement
Claim Procedure for International Treatment for 11 specified Critical Illnesses
Royal Sundaram Health Insurance offers an array of reasonably priced health insurance policies. Their plans are made-to-measure to shield you against your mounting financial responsibilities towards your family during and after hospitalization and medical treatments. They boast of a very good claim settlement ratio amongst other private insurers. Their continuous efforts to offer excellent customer service is their ultimate performance. Royal Sundaram General Insurance Company was one of the first private insurance company to tie up with banks to sell their retail products.
Hence, if you are scouting for an insurer who will deliver dependability, competence and brilliant post sales services in consort with the products specific to your requirements, Royal Sundaram Health Insurance (रॉयल सुंदरम हेल्थ इन्शुरन्स) is a won over alternative.