General Insurance
Motor Insurance
Motor insurance, or vehicle insurance, is an insurance policy that offers coverage to the vehicle’s owner and/or driver against financial losses in case of losses due to theft, accidents or natural calamities. In return for the regular payment of premiums, your insurance provider promises to share the cost of repairing damages. Almost every Indian family today owns a vehicle. And, no matter how careful they are, something unfortunate might happen to them and their vehicle. After an accident, robbery or attempted theft, they might have to deal with high repair costs or have to replace their car entirely. With vehicle insurance, you won’t have to worry at all. Your motor insurance provider will help pay for all repairs or the cost of the car.
Two Wheeler Insurance
Bike insurance, also known as two wheeler insurance policy is an agreement between a bike owner and a bike insurance provider where the insurer covers the cost of damages to the bike, third-party or in some cases even the bike owner. It essentially protects the bike owner financially on occurrence of any unforeseen accident such as accident, theft or natural disaster. What’s observed is that with the increase of bikes and other types of two wheelers on the road, the probability of an accident also increases, click for steps on how to file an accident claim on your two-wheeler . This is precisely why it’s so crucial to own a good bike insurance policy.
While you may wonder, what are the different kinds of bike insurance policies and which one will best suit your needs. Let’s understand each of them briefly; one is the third party bike insurance which covers legal liabilities caused to any third-party or third-party property damage. This means the two-wheeler insurance policy will compensate for the damages caused by your bike to a third-party person or property. As per the Motor Vehicle Act 1988, motorcycles plying on roads must be covered at least by a basic third-party insurance policy.
Secondly, if you are looking for complete protection for your bike, yourself and third-party then in that case you should opt for comprehensive bike insurance policy. This two wheeler insurance provides financial protection against accidents, natural disasters such as storm, cyclone, fire and man-made causes such as riots, acts of terrorism, vandalism etc. along with any liability to third-party. This helps keep your bike safe from damages so that even scratches on the bike need not become an added expense for you. Tata AIG offers quick and easy-to-buy comprehensive, stand alone own damage, and third-party online bike insurance policies crafted to keep your bike safe and you free from stress!
Commercial Vehicle Insurance
As per the Motor Vehicles Act of 1988, it is mandatory for all commercial vehicles to have insurance coverage in India. Without this insurance, you may have to pay fines and penalties.
Commercial vehicle insurance helps protect a business’s assets in case of an accident or other unexpected event. This helps ensure the continuity of operations and minimises financial losses. This insurance can be a cost-effective solution as it can help mitigate the financial impact of an accident rather than having to bear the entire cost out of pocket.
This policy typically includes liability coverage, which can help cover the costs of any injuries or property damage caused by accident involving the insured vehicle. Apart from that, your policy can also provide personal accident coverage for the driver and owner of the vehicle
Travel Protect Insurance Policy
What is Travel Insurance?
Travel insurance plans cover various kinds of situations such as hospitalization due to Covid-19, loss of check-in baggage or delay in check-in baggage, flight cancellations and any other unpredictable circumstances. Thus, whatever is the purpose of your trip: leisure or business related; invest in Royal Sundaram’s travel insurance policy, so that any financial loss you may incur is covered. A travel insurance policy is a vital document that you carry with you when you travel. You buy it depending on the dates you are traveling on so that you can enjoy your journey without any problems. You should choose a policy depending on the requirements and budget of your trip and if you are traveling single or in a group. Royal Sundaram offers various plans to choose from so that you and your family or friends remain safe. It is very simple to select the best policy for you as all the information is available online, and if you have any questions or concerns, we are happy to provide you with the support required.
Travel Protect Insurance Policy
There are different types of travel insurance available focused on the needs and goals of your trip. They are detailed so that each step of your journey is covered, as financial security is the main priority of the travel insurance plan.
Single Trip Travel Insurance
Single Trip Travel Insurance is the most commonly availed insurance where the insurance is taken for a specific travel abroad to a country for the duration of stay there. It can be availed for all family members travelling with separate individual Sum Insured.
Senior Citizen Travel Insurance
Senior Citizen Travel Insurance is aimed at individuals above the age of 70. Since elderly people usually travel after retirement and in a group or as a couple, the plan safeguards them against risks.
The Multi Trip Travel Insurance
The Multi Trip Travel Insurance plan is suited for people traveling for work-related purposes. Multiple trips in a year are covered and it avoids taking separate insurance policies each time.
Student Travel Insurance
Student Travel Insurance caters to students going abroad for further studies. It provides complete coverage for the duration of stay of the student in a foreign country.
While selecting the policy, take your time and go through all the plans so that you can choose the best plan which is cost-effective and enjoy your trip without any worry.
Benefits of Buying Travel Secure Insurance Policy
Royal Sundaram offers multiple types of travel insurance plans, depending on the type of trip you are planning, be it a single trip, a multi-trip package or a student trip abroad. Each plan comes with its own unique benefits, making Royal Sundaram one of the most trustworthy and versatile travel insurance products in the market today.
Features of Travel Secure Insurance Policy
Features of Travel Secure Insurance Policy
Coverage from Country perspective
Coverage is available for travel to countries for which a valid visa has been obtained. From a country perspective, we have classified our coverage under the following options
- Worldwide including Americas (Americas include North, Central, South America and Canada. Option to include Schengen countries)
- Worldwide excluding Americas (Option to include Schengen countries)
- Asia* (excluding Korea and Japan )
(* Coverage to Korea and Japan shall be available under Worldwide including/excluding Americas category)
Why You Need to Buy Travel Secure Insurance Policy?
- Medical Treatment Costs are High Abroad
- Covering Loss of Baggage
- Susceptible to Loss of Passport
- If you Miss your flight Quite often
- Business man Who travel Quite often
In reality anyone who is traveling abroad needs travel insurance, since medical treatment costs nearly 3 to 4 times higher in foreign countries. It is very common to have baggage displaced by airlines, around 20 million baggage are misplaced every year. If you are not aware of your destination, you might be susceptible to a travel scam and face loss of passport or personal items. Therefore, Royal Sundaram’s Travel Secure Insurance Policy is a necessary investment for the future.
Due to the Covid-19 pandemic, lockdowns were imposed and people could not travel for more than two years. Even if they did choose to travel, there was risk associated such as getting diagnosed with covid-19 and being hospitalized. If one does not have travel insurance, then the medical expenses they would acquire would be a lot. Also, if you are a student studying abroad but need to come back home since your parents are ill. If you have Royal Sundaram’s Travel Secure insurance, then it would pay for your airfare as well as reimburse unused expenses such as accommodation fees. If you are a businessman and have multiple trips planned in the year then it would be advantageous for you to buy Royal Sundaram’s Travel Secure insurance as that would provide support in case of flight delay, missed connection and much more.