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Types of car insurance and how to claim them at Royal Sundram?

 

Types of car insurance and how to claim them at Royal Sundram?

Read this article to find out the different types of insurance policies available in the Indian market along with simple steps to claim your car insurance at Royal Sundram.

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


Types of car insurance policies Royal Sundram 

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


Third-party liability insurance 

Having a third party insurance is mandatory for each car owner to drive their cars legally on the road in accordance with the Indian Automobile Act. The standard third-party policy provides financial protection to compensate for the loss suffered by the third party in the event of any incident involving the policyholder. The insurance company from which you bought your insurance is responsible for paying you to compensate for damage to the third party car. However, it does not cover the holder of the document in any way. 


Comprehensive insurance policy 

A comprehensive policy is the perfect choice for your car. It provides financial protection to the holder of the document and includes third-party liability coverage. This means that the insurance company will pay the settlement amount to the policyholder in the event of any damage to his vehicle due to accidental damage not caused by roads, natural disasters, fire or vandalism. The comprehensive policy also provides a settlement amount in case your car is stolen. However, you will receive the amount equal to the IDV (insured declared value) of your vehicle. It will also provide you with financial protection to settle compensation for damages incurred by the third party car in the event of an accident. 


Benefits of Royal Sundram Car Insurance Policies

Royal Sundram offers a useful car insurance plan with many useful features. Some examples of these features are - 

1. Provides financial protection for any loss or damage to your vehicle. 

Provides a non-cash dispute resolution facility through its multiple network garages. 

3. Provides the choice of personal accident coverage. 

4. It also provides an unlimited settlement amount for third-party liability in the event of any bodily injury or even death to the third party.  

How to claim car insurance with Royal Sundaram? 

Making a settlement claim at Royal Sundram is simple and smooth. You can follow the specific steps to claim your car insurance -

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

2. Inform Royal Sundram General Insurance by contacting or emailing that is given on its official website. 

3. They will then send a survey team to check your car. 

4. After inspecting the vehicle, it will be moved to a non-cash facility to start repairs. 

5. In the event of any bodily injury or damage to the third party's car, you will receive a claim amount to settle its loss. 

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

Take away

Your car is your most expensive. No matter how hard you try to protect it, you'll use it to drive on the roads. In India, the number of vehicles on the road increased rapidly, resulting in an increase in the number of road accidents. Thus, it has become necessary for all car owners to invest in a car insurance policy because each of us knows how awfully expensive it is to repair the damage to your car in the event of an accident.

Read also:

When do you buy comprehensive car insurance coverage? 

Best insurance for additional cars covers and their importance

Disclaimer: This article is published in the public interest and is intended for public information purposes only. Readers are advised not to rely on the contents of the article as crucial in nature, and further research or expert consultation should be conducted in this regard.


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