Types of Car Insurance And How To Claim Them At Royal Sundaram?

Purchasing a car insurance policy that offers you optimal coverage is very important. This will require you to understand the types of policy that you can choose from. This article will provide you with information about the types of car insurances available along with simple steps to file a claim settlement at Royal Sundaram.

Types of Royal Sundaram Car Insurance Policies 

IRDAI (Insurance Regulatory and Development Authority of India) is the regulatory body for insurance companies in India. It makes the rules and monitors insurance companies. According to this regulatory body, there are currently two types of standard insurance policies which you can purchase for your car. They are -

• Third Party Liability Insurance 

Having a third party insurance is mandatory for every car owner to drive their cars legally on the road according to the Indian Motor Vehicle Act. The standard third party insurance policy provides financial protection to compensate for the loss incurred by the third party in case of any accident involving the policyholder. The insurance company from which you purchased your insurance is liable to pay you the amount to compensate for the damages sustained by the third party’s vehicle. However, it does not cover the policyholder in any way. 

• Comprehensive Insurance Policy 

A comprehensive insurance policy is the most optimal choice for your car. It provides financial protection to the policyholder and includes third party liability cover. This means that the insurance company will pay the settlement amount to the policyholder in case of any damages sustained by his/her car owing to non-road accidental damage, natural calamity, fire, or vandalism. The comprehensive insurance policy also provides a settlement amount in case your car has been stolen. However, you will receive the amount equal to the IDV (Insured Declared Value) of your car. It will also provide you financial protection to settle the compensation for the damages incurred by the third party’s vehicle in case of an accident. 

Benefits of Royal Sundaram Car Insurance Policies

Royal Sundaram offers a beneficial car insurance plan with many useful features. A few examples of these features are - 

1. Provides financial protection for any loss or damage sustained by your car. 

2. Provides a facility of cashless claim settlement through its multiple network garages. 

3. Provides a choice of a personal accident cover. 

4. It also provides an unlimited settlement amount for third party liability in case of any bodily injury sustained by the third party or even death.  

How To Claim Car Insurance With Royal Sundaram? 

Filing a settlement claim at Royal Sundaram is simple and seamless. You can follow the given steps to claim your car insurance -

1. The first step you should take in case of an accident is to file an FIR at the nearest police station and take a copy of it. 

2. Inform Royal Sundaram General Insurance through call or email which are given on their official website. 

3. They will then send a survey team to inspect your vehicle. 

4. Post the inspection of the vehicle, it will be taken to a cashless facility to begin repairs. 

5. In case of any bodily injury or damage sustained by the third party’s vehicle, you will receive a claim amount to settle their loss. 

6. This way you can successfully claim your car insurance at Royal Sundaram. 

Take Away

Your car is your most cherished possession. No matter how much you try to protect it, you will be using it to drive on the roads. In India, the number of vehicles on the road have increased rapidly resulting in an increase in the number of road accidents. Thus, it has become imperative for all car owners to invest in a car insurance policy because all of us know how atrociously expensive it is to repair the damages sustained by your car in case of any accident.

Also Read:

When to Purchase Comprehensive Car Insurance Coverage? 

Best Car Insurance Add-on Covers And Their Significance

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.