Royal Sundaram General Insurance Co. Limited (formerly known as Royal Sundaram
Alliance Insurance
Company
Limited) is a leading private sector general insurance company in India. It received its license
from
the Insurance Regulatory and Development Authority of India (IRDAI) in October 2000, becoming
the
first
of its kind.
Initially, the company was promoted as a joint venture by Sundaram Finance, a highly
respected
non-banking financial institution (NBFC) in India, along with other Indian shareholders.
In February 2019, Ageas Insurance International N.V. acquired a 40% equity stake in
Royal
Sundaram
from
the existing Indian shareholders after obtaining the necessary regulatory approvals. Following
this
divestment, the stake of Sundaram Finance in our company is currently at 50%, Ageas Insurance
holds
40%,
and the other Indian shareholders hold the
remaining 10%.
With a commitment to innovation, Royal Sundaram has been providing comprehensive
general
insurance
solutions to individuals, families, and businesses. We offer a range of insurance products,
including
Motor, Health, Personal Accident, Home, and Travel Insurance for individual customers.
Additionally,
we
provide specialized insurance solutions for commercial customers, covering fire, marine,
engineering,
liability, and business interruption risks. We have also developed specially designed products
catering
to small and medium enterprises and rural customers.
As a pioneer in bancassurance, Royal Sundaram has established long-standing
partnerships with
reputed
banks and NBFCs in India. Our products are distributed through various channels, including
agents,
distribution partners, affinity partners, brokers, and online platforms.
Our dedicated team of over 2000+ employees operates through 161+ branches across
India, ensuring
our
services reach every corner of the country. At Royal Sundaram, we remain committed to providing
top-notch insurance solutions, safeguarding the interests and well-being of our valued customers
