Car Insurance: Buy/Renew Car Insurance Online or Get Quotes | Royal Sundaram
Loss or Damage Protection
Protection from loss of car or damage to your car.
Unlimited Liability for Third Party death/ injury Claims.
Indemnity for third party property
Indemnity for third party property damage up to a limit of Rs. 7.5 lakhs.
Personal Accident Cover
Personal Accident Cover for you, your paid driver and the occupants in the car.
Why Royal Sundaram Car Insurance?
Our Car Insurance policies come with a wide range of feature
We provide cashless claims across several garages in the country so that you don’t have to struggle with finding one during an emergency.
Free Road side Assistance
We provide roadside assistance during emergency. Please reach out to customer care for more details.
100% Invoice Price
Royal Sundaram offers 100% invoice price insurance add-on cover.
This Car Insurance policy covers any loss or damage caused to the vehicle due to the following natural and manmade calamities:
- Accidental & External Damage
- Fire & Explosion
- Riot & Strike
- Malicious Act
- Burglary, housebreaking/ Theft
- Storm and Flood
- Wear and tear, Depreciation or any consequential loss.
- Mechanical/ electrical breakdown.
- Damage caused by a person driving the car without a valid license.
- Damage caused by a person driving the car under the influence of alcohol or drugs.
- Other exclusions as per the policy terms and conditions.
Get a Discount on Basic Coverage Premium
Car Shield comes with 13 unique add-on covers that enhance the protection offered in the standard package policy. Some of our popular add-ons include, No Claim Bonus(NCB) Protector, Depreciation Waiver on plastic or metals parts in case of partial loss or claim, Key Protector covering the cost incurred in repair/replacement of keys, including labour costs, add-on cover for your windshield glass without affecting No Claim Bonus, full invoice price cover for protection against total damage or theft, Enhanced PA cover, Vehicle Replacement Value Plus Clause
Car Insurance Plan Common Queries (FAQ’S)
Driving on roads may be a pleasant experience, however, one has to consider the safety factor equally well. Even a skilled driver cannot avoid the risk factor while driving. A little bump or minor accident in such cases can result in huge loss. Thus, the only best way to remain prepared against such circumstances is to buy a car insurance. It’s the smartest way to financially secure you and your car.
So, when you buy a vehicle, be it a bike or car, you must get it insured before you start driving it on the road. Remember, a car insurance policy is not a choice, it’s a necessity and mandatory by the Motor Vehicles Act in India.
A few key benefits
- Protection for loss or damage caused to your car
- Indemnity for third-party property damage up to a certain limit of Rs. 7.5 Lakhs
- It provides personal accident cover to you, your paid driver as well as the occupants in the car.
- It offers unlimited liability cover for third party injury claims/third party death.
What’s covered under a car insurance policy?
- It covers your vehicle against accidents, theft, disasters such as fire, earthquake, floods, etc.
- Damage caused to somebody else’s vehicle or property
- Paid driver, employees or any unknown passenger
- It covers your family members (including you) with personal accident policy
- Injury or death of another individual due to an accident caused by you
What’s not covered under a car insurance policy?
Here’s a list of things not covered under a car insurance policy:
- This excludes mechanical/electrical breakdown
- Damage caused by an individual under the influence of drugs or alcohol
- Damage caused by a person who is driving the car without a valid license
- Normal wear and tear, depreciation or any other consequential loss
- Loss or damage due to nuclear risk or war
- Wear and tear of consumables such as tyres and tubes
So, it can be fairly said that an insurance policy is a must for every car owner. Besides, there are multiple policies available in the market these days. Royal Sundaram’s comprehensive car insurance package lends safety to you as well as your car.
A Car Insurance Policy is mandatory under the Motor Vehicle Act. Every car owner must have an insurance which covers third party injury, death or property damage.
With Car Insurance, you can cover-
- Car against theft, accidents, disasters such as floods, earthquake, fire, etc.
- Family members (including self) with Personal Accident Policy
- Paid driver, employees or any unnamed passenger
- Damage to someone else's car or property
- Injury/Death of another person due to accident caused by you
There are 2 types of Car Insurance.
- Third Party Policy - This is a Liability Only Policy and covers all third party liabilities such as -
- Bodily injury or death of third party
- Property Damage of third party
Personal Accident cover for Owner-Driver is also included in Third Party Insurance.
2. Package Policy - This covers Loss or Damage to the vehicle insured (Own Damage) in addition to the Third party cover. It is also known as comprehensive cover. You can cover your car against damage due to -
- Road accidents
- Fire accidents
- Natural disasters such as flood inundation, lightning, cyclone, etc
- Riot or strike
Covering your car with at least Third Party Insurance is mandatory, as per the Motor Vehicles Act.
Break-in-insurance is when the Policy lapses due to non-renewal of the Policy on time. As per the law, an owner should cover his/her car with at least third party insurance at all times. If you have a break in your car insurance, you can-
- Approach another insurance company to renew policy-if it has been less than 90 days since the Policy lapsed. In this case, you may be able to retain your No Claim Bonus.
- Obtain a new Insurance Policy-if it has been more than 90 days since the Policy lapsed.
- In either case, you have to get your car re-inspected
In every car, the metal, rubber, nylon and plastic parts are subject to deduction for depreciation. During a Claim, if there is any damage to these parts, it will not be fully covered. The coverage will be as per the percent of depreciation.
|AGE OF PRIVATE CAR||% OF DEPRECIATION|
|Not exceeding 6 months||Nil|
|Exceeding 6 months but not exceeding 1 year||5%|
|Exceeding 1 year but not exceeding 2 years||10%|
|Exceeding 2 years but not exceeding 3 years||15%|
|Exceeding 3 years but not exceeding 4 years||25%|
|Exceeding 4 years but not exceeding 5 years||35%|
|Exceeding 5 years but not exceeding 10 years||40%|
|Exceeding 10 years||50%|
Why should one have a comprehensive car insurance policy, when the law mandates insurance only for 3rd party injury, death, property loss?
- Fire, explosion, self ignition or lightning
- Burglary, housebreaking or theft
- Riot or strike
- Earthquake (fire and shock damage)
- Flood typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost
- Accidental external means
- Malicious act
- Terrorist activity
- Whilst in transit by road, rail, inland- waterway, lift, elevator or air
- Land slide, rock slide
An endorsement is a document that incorporates amendments and additions in the existing terms of the policy. It is a written evidence of an agreed change to policy. If the policyholder needs to purchase more coverage, add riders or change the scope of the existing insurance policy, they can approach the insurance company to make the required changes by way of an endorsement.
An endorsement can be issued at the time of purchase, mid-term or during renewal period. It can be used to provide additional benefits and cover (e.g., legal liability to driver) or to impose restrictions (e.g., accidental damage deductible). Subsequently, any amendments regarding policyholders’ documents such as change of name, change of address, change of vehicle, etc. can also be implemented by way of an endorsement. The wordings of those endorsements are provided in the tariff.
- Insured's Declared Value (IDV)
- Cubic Capacity of the vehicle
- Geographical Zones
- Age of the vehicle
The geographical zones are-
- Zone A - Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi and Pune.
- Zone B - Rest of India
- Voluntary Deductible discount
- No Claim Bonus
- Automobile Association Discount
- Discount on Vintage Cars
- No paperwork is required to buy your insurance policy online
- Instant policy issuance
- Multiple payment options via Credit Card, Debit Card or Net Banking
- Highest levels of security.
IDV stands for Insured Declared Value. It’s the current market value of your car that can be calculated by depreciating the current manufacturer’s listed selling price of the vehicle with depreciation percentage as per the Indian Motor Tariff. Manufacturer’s listed selling prices consists of local duties/taxes, which excludes insurance and registration. For those vehicles that are outdated or exceeding 5 years of age, IDV value will be the value accepted by both- the insurance company and insured. Besides, the value of obsolete vehicles and those exceeding 5 years of age is evaluated by our assessment team with the help of several resources such as second hand car dealers, IMAs, panel of Surveyors, etc.
The depreciation value of your vehicle is based on the following schedule –
|Age of the vehicle||Depreciation Rate|
|Not more than 6 months||5%|
|Exceeding 6 Months but not exceeding 1 Year||15%|
|Exceeding 1 Year but not exceeding 2 Years||20%|
|Exceeding 2 Years but not exceeding 3 Years||30%|
|Exceeding 3 Years but not exceeding 4 Years||40%|
|Exceeding 4 Years but not exceeding 5 Years||50%|
No Claim Bonus is a reward for filing no claim in the previous year. It can be accumulated over a period of insurance. NCB starts with 20% and goes up to 50%
- NCB becomes nil in case of a Claim
- NCB follows the fortunes of the customer and not the vehicle
- The validity period to reclaim NCB is 90 days from the date of Expiry of the policy
- NCB can be utilized within 3 years (in case if the existing vehicle is sold and a new car is purchased)
- NCB recovery to be done in case of a Name Transfer
- NCB gets transferred to the legal heir in case of Death of customer
- NCB can be transferred to a new vehicle in case of Substitution of vehicle of the same class
- NCB earned abroad can be given in India
- Normal wear and tear and general ageing of the insured vehicle
- Depreciation or any consequential loss
- Vehicle used otherwise than limitations as to use
- Damage by a person driving any vehicle without a valid license
- Damage by a person driving the vehicle under the influence of drugs or liquor
- Mechanical/electrical breakdown
- Wear and tear of consumables like tyres and tubes unless the vehicle is damaged at the same time
- Loss/damage due to war, mutiny or nuclear risk
Car insurance is not a choice, it’s a necessity. In fact, it’s the safest way to protect yourself and your car from financial emergencies. Choosing the best car insurance as per your needs is not rocket science. However, you need to have a good knowledge of your insurance requirements. And as a customer, it is important for you to be informed about your car insurance policy and understand all the benefits that come under it.
In this blog post, we will make you understand the types of car insurance coverage in India as this will help you select the best coverage for your car –
Loss or damage to your car – This covers loss or damage caused to the vehicle due to these following natural and man-made calamities –
- Riot and strike
- Fire and explosion
- Malicious acts
- Theft/housebreaking or burglary
- Storm and flood
- Accidental and external damage
- Depreciation or any consequential loss
- Damage caused by an individual driving a car without valid license
- Damage caused by an individual driving the vehicle due to the intake of drugs or alcohols
- Mechanical or electrical breakdown
- Normal wear and tear
Third-party liability cover – Third-party cover is compulsory for the vehicle under the Motor Vehicles Act, 1988. The insured person is first party, insurance company is second party, and the individual the policyholder has injured is the third party. This policy does not provide any benefit to the policyholder. Although, it covers policyholder’s legal liability for the loss or damage caused to the third-party property or death/disability of third party.
- It offers legal protection for injury or death claims from third party
- It includes legal costs and expenses
- It provides legal protection for damage caused to third party property
- Damage caused to your personal property
- Costs and expenses without any prior consent
- Personal accident cover – This covers the policyholder against accidental death or disability caused due to an accident. The insurance company pays a compensation of up to 15 Lakh for bodily injuries or death sustained by the driver or owner of the vehicle.
Several insurance companies offer car insurance plans in India for car owners. The above-mentioned coverage is provided by Royal Sundaram; it offers you a comprehensive coverage covering all the possible unfortunate events.
Yes, it will be covered, provided-
- You have a comprehensive car insurance policy
- LPG/CNG kit is endorsed in your RC (Registration Certificate) book by the RTO (Road Transport Office)
- In the case of a severe accident or damage to your vehicle, arrange for medical attention to anyone injured at the spot. Take down details of other vehicles involved in the accident.
- If it is not be possible for you to move your car, ensure your vehicle is protected from further damage at the spot. Don’t start the engine and avoid driving your vehicle if the vehicle is not in drivable condition.
- In the case of death, injury, theft, burglary, third-party property damage, house break or damage due to malicious acts like strike, riot, and terrorist activity, inform the nearby police station immediately.
- Call the insurance company as soon as possible to intimate a claim. We will guide you about the claims process and the requirements to process a claim.
- Please do not dismantle or start repairs before the vehicle is inspected by Royal Sundaram.
- We require the following documents to process your accident claim
- Duly completed claim form signed by the insured
- Driving License of the driver at the time of accident – Photocopy along with original for verification and return. For some cases, self attested photocopy is also accepted.
- Registration Certificate of the vehicle – Photocopy along with original for verification and return. For some cases, self attested photocopy is also accepted.
- Other documents may be requested depending on the requirements of the claim
- For a theft claim, inform the insurance company immediately, even if the police have not been informed yet and we will explain the entire process to you. However, it is important to file a First Information Report with the police as soon as possible.
Being in a car accident is painful, regardless of the extent of damage. Seeing a scratch or dent on your beloved car will break your heart. Well, car insurance is here to help.
If you have an accident, you must ensure to inform the insurance company immediately. Your insurer will explain the claim process in detail and the requirements. They will also help in identifying a garage where your vehicle will be repaired on priority and added value services may be availed.
Here’s a brief step by step procedure on making an own damage claim under your motor insurance policy:
- Inform the insurance company immediately upon occurrence of an accident or loss.
- You will need to keep your policy handy
- Describe how the incident happened, when and who was driving
- Contact information may be sought from you
- If there is third party involvement (death, injury or property damage), inform the police and obtain an FIR.
- You need to submit some documents:
- Duly filled claim form signed by the insured
- Copy of Registration Certificate
- Copy of Driving License (of driver at the time of accident)
- Other documents may be requested based on the claim
- Your vehicle will be inspected by the insurance company. Make sure you do not disassemble the vehicle or start repairs before inspection.
- Once the repairs are complete, you will need to either pay your share of the claim (for cashless claims) or pay the full amount and submit the bills for reimbursement (for non-cashless claims).
Before making a claim however, make a quick calculation on the potential No Claim Bonus you may lose on renewal. Sometimes, it may be more economical to not claim for very minor damages and protect your No Claim Bonus for your car insurance.
- Inform the insurance company immediately upon occurrence of an accident or loss.
During a Claim, certain minimum amount is deducted from the Insured. The amount deductible is given below:
- For Private Cars up to 1500 CC, it is Rs 1000
- For Private Cars above 1500 CC, it is Rs 2000
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Policy Terms and Conditions
3 Years Private Car Liability Only Policy : IRDAN102RP0001V01201819
Bundled Private Car Long Term Policy: IRDAN102RP0005V01201819
Car Shield UIN NO: IRDAN102P0004V02201617
Standalone Motor Own Damage Policy UIN NO: IRDAN102RP0001V01201920
Enhanced PA Cover Clause Private Car Shield UIN NO: IRDAN102A0020V01201920
Enhanced PA Cover Clause Bundled Private Car Long Term policy UIN NO: IRDAN102A0019V01201920
Private Car Annual Liability Only Policy