Everything You Should Know About Royal Sundaram Bike Insurance

The Royal Sundaram Insurance Company Ltd. is a trailblazer in the Indian insurance sector. Sundaram Finance Group is a subsidiary of the business. It was India's first private insurance business, having been registered by India's Insurance Regulatory and Development Authority in the year 2000. The insurer is well-known for offering specialized insurance products for both people and companies. 

Policies like bike insurance, auto insurance, health insurance, personal accident insurance, travel insurance, and house insurance are all part of its portfolio. Fire insurance, maritime insurance, engineering insurance, liability insurance, and business interruption risk insurance are some of the specialized insurance products it offers to companies. This is necessary for your two-wheeler.

Customers may get bike insurance policies from the insurer at a low cost. These plans cover any loss or damage to the insured two-wheeler caused by natural or man-made disasters such as landslides, fire and explosion, terrorism, storm and flood, burglary, theft, malicious act, storm and flood, earthquake, and so on. In addition to conventional bike insurance plans, the insurer offers unique insurance options via a network of intermediaries and affinity partners.

Everything You Should Know About Royal Sundaram Bike Insurance

The Most Important Aspects of Royal Sundaram Bike Insurance are -

1. A bike insurance policy is available from Royal Sundaram General Insurance Co. These include third-party, standalone, and comprehensive programs. Buying bike insurance for your two-wheeler is a simple method to protect yourself from the risks of riding.

2. The Motor Vehicles Act of 1988 mandates third-party insurance for all two-wheelers. Also, a third-party bike insurance policy protects against third-party liabilities such as physical injury, death, and property damage. Remember that if you are found without it, you may be fined Rs 2,000 and/or imprisoned for up to 3 months.

3. Aside from third-party bike insurance, you should also get an own-damage coverage policy. Standalone own-damage bike insurance covers the policyholder's two-wheeler in the event of a traffic accident, theft, vandalism, fire, natural or man-made disaster. You may also get comprehensive insurance, which covers both your damages and third-party liabilities.

4. You may also buy add-on covers to enhance your basic bike insurance coverage. According to the policy, these extra covers allow insurance plans to be tailored to specific requirements and cover areas otherwise prohibited. Check out the 0% depreciation, consumables, roadside assistance, passenger assistance, and return to invoice coverage for your two-wheeler.

5. Royal Sundaram General Insurance is an Indian private insurer. They have a large selection of add-on covers. They are also renowned for their friendly customer service and affordable bike insurance policy rates for your two-wheeler.

Take Away

To serve various types of consumers, the business has expanded its network throughout the country. Its foundations are based on a great deal of trust and compassion. With over 2,000 committed workers, the business has established roughly 156 locations throughout the country. Because of the excellent service provided by the business, it has grown to become one of India's largest insurance companies.

The word insurance refers to financial protection or coverage against financial loss. How terrifying is the idea of wrecking your new car and discovering that it isn't insured? The bulk of the workforce in India nowadays chooses a two-wheeler vehicle for daily commute since it saves a significant amount of time when compared to a four-wheeler. If you ride your bike to work every day, it's essential to obtain bike insurance right now. In India, bike insurance policies are required, and it protects you against unexpected events or accidents that may cause damage to your two-wheeler.

Also Read:

How To Get the Details of Bike Insurance By Registration Number?

How To Get A Duplicate Copy of New India Bike Insurance Documents?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.