Royal Sundaram Bike Insurance

Royal Sundaram Two Wheeler Insurance is a bike insurance policy offered by Royal Sundaram General Insurance (previously known as Royal Sundaram Alliance Insurance Company Limited), a joint venture of Sundaram Finance Limited.

The insurer was the first in the country to partner with banks for selling retail insurance products. With over 4.5 million customers, 2000+ employees and 156 branches across India, Royal Sundaram was the first insurer to introduce in-house Motor Assessors (IMAs). The different type of two wheeler insurance cover offered by Royal Sundaram are loss or damage to your two-wheeler, liability to third parties and personal accident cover

Royal Sundaram General Insurance offers two types of two wheeler insurance, third party and package policy. Below are the details of both the coverage options for insuring your vehicle

Third Party Liability Insurance

• This type of two wheeler insurance is mandatory as per the Motor Vehicles Act, 1988.
• This offers coverage against liabilities arising out of damages caused to a third party or property by the insured vehicle.
• The liability coverage covers accidental death, physical injury and/or the damage to the vehicle and property.
• It also provides personal accident coverage of Rs.1 lakh for the owner-rider.

Comprehensive Insurance

Royal Sundaram two wheeler Insurance covers total or partial loss/ damages to your bike due to:

• Natural Calamities: Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
• Man-made Calamities: urglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.
• Personal Accident Cover: Royal Sundaram provides a personal accident cover with a coverage of up to Rs.1 lakh to the owner-driver of the insured vehicle.

• Royal Sundaram two wheeler insurance does not cover the vehicle, if the rider is riding without a valid driving license
• It does not cover mechanical or electrical breakdown of the vehicle
• Damage caused by a person driving under the influence of liquor/ alcohol/ drugs is not covered
• Depreciation or any consequential loss
• Loss/Damage caused due to War/Mutiny/Nuclear risks
• Damage to the tyres/tubes.
• If the vehicle is used for Hire or Reward, speed testing or Racing, Reliability Trials.

No Claim Bonus

For every claim-free year, Royal Sundaram Insurance offers you a discount on your own-damage premium.

The following table shows the NCB grid:

Voluntary Discounts

Deductible is an amount that you promise to pay when your vehicle is damaged due to an accident or any other event and a claim is lodged. Voluntary deductible plays an important role in determining your two wheeler insurance premium. Higher the deductible, lower the premium and vice-versa. If you think you are a safe and cautious rider, you should opt for high amount of voluntary deductible.

Discount for Anti-theft Device

If you've installed an ARAI approved anti-theft device in your vehicle, then you are eligible for an additional discount up to 2.5% on your own-damage premium.

Member of Automobile Association of India

You get a 5% (or max up to Rs.50) of discount on own damage premium if you are a member of any Automobile Association of India.

The formula for calculating the final premium is,
FINAL PREMIUM = (Own Damage Premium – No claim bonus) + Liability Premium

For calculating the two-wheeler insurance premium, and other insurance deliverables, visit the official website of the insurance provider and on the home page select “Insurance” and then, “Two wheeler insurance.”

Then select the appropriate window from “Other company renewal,” “same company renewal” or “new two-wheeler renewal.” Input all the relevant information as prompted by the screen. Some companies give you the option of a “Personal Accident cover” for the owner-driver.

The premium for your two-wheeler depends upon the type of policy you select. For two-wheeler third-party insurance policies, rates are defined by the https://www.irdai.gov.in/ and are revised every year. These rates are based on the cubic capacity of the two-wheeler.

However, if you select a comprehensive two-wheeler insurance then multiple factors like the Insured Declared Value, Own Damage premium, date of registration, age of the vehicle, registration city, etc. Once you input all the data, the calculator displays the insurance premium applicable for your car.

The online renewal process is straightforward and takes little time. Given below are the steps you need to follow to renew your bike insurance online:

• Select “Insurance” and “Two-wheeler Insurance” on the front page of the insurance provider's website.
• Then choose “Insurance company renewal” in the appropriate window. As directed by the screen, fill in all required information.
• With your basic insurance, select the add-ons you desire. Some firms combine third-party bike insurance with “Personal Accident Cover.”
• After that, the system will show you the renewal premium that applies to you. The cost of bike insurance renewal is determined by the type of coverage you choose.
• Proceed to the section of the payment. Your coverage can be paid for using Net Banking or Debit/Credit cards. Many insurance firms have partnerships with various payment systems and applications. Various reward and discount offers are available for different payment methods. Make your payment using the method that is most convenient for you.
• For the renewed policy term, the system creates a new policy number and a virtual policy document for you. You can save a copy of the document to your device for future reference. The firm will also send you a paper copy of the policy document.

• The first things to make a claim is to call on Royal Sundaram Insurance Toll-Free Helpline number - 1860 258 0000
• Take appointment with the surveyor and take your vehicle to any of Royal Sundaram Insurance authorized network garages for repair, for cashless service. Submit the required documents to the surveyor
• Company confirms liability
• If possible, opt for cashless facility, the company will settle the repair bills directly with the garage up to the amount payable
• But in case you do not opt for cashless facility, you have to pay for the repair charges and then submit the bills with claim form to the surveyor/company for settlement
• Vehicle Delivery

Royal Sundaram Company ensures 24*7 customer support with an excellent claim settlement process. Royal Sundaram has around 3300+ network garages all over India to help you in cashless claim settlement process. In fact, Royal Sundaram was the first to start with cashless claim settlement services for their customers. And since then they have had a robust base of faithful customers across the country. The two wheeler insurance premiums are pocket friendly, and you can easily buy insurance online instantly. Moreover, provide a cover to your two-wheeler for a long-term either for 2 or 3 years in a single policy and stay worry-free. If you are looking for a trustworthy brand that has PAN India base to support you at the time of claims, Royal Sundaram is a must-go insurance provider.