Bike, Car, Travel & Home Insurance Online - Royal Sundaram
our team

The most trusted choice for insurance in India

  • 2 crore +

    Customers across india

  • 2000 +

    Employees across india

  • 160 +

    Branches across india

About Royal Sundaram

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

Our milestones

Establishment and Licensing (2000)

Royal Sundaram becomes the first private sector general insurance company in India to receive a license from the Insurance Regulatory and Development Authority of India (IRDAI).
milestone1
milestone1

Joint Venture Formation (2000)

The company is promoted as a joint venture by Sundaram Finance, a renowned non-banking financial institution (NBFC) in India, along with other Indian shareholders.
milestone1
milestone1

Acquisition by Ageas Insurance (2019)

Ageas Insurance International N.V. acquires a 40% equity stake in Royal Sundaram from the existing Indian shareholders after obtaining the necessary regulatory approvals.
milestone1
milestone1

Change in Equity Structure (2019)

Following the divestment, the stake of Sundaram Finance in Royal Sundaram is 50%, Ageas Insurance holds 40%, and the remaining 10% is held by other Indian shareholders.
milestone1
milestone1

Some of our other achievements

Pioneer

Pioneering Partnerships

The first private insurer to tie up with banks (affinity partners) for selling retail products and also to offer co-branded credit cards

Health

Transforming Healthcare Payments

The first insurer to introduce cashless mode of settlement for health claims

Health

Redefining Health Insurance

The first private insurer to introduce innovative health products like Hospital Cash

Claims

Streamlining Claims Process

The first insurer to introduce in-house Motor Assessors (IMAs)

Our promoters

sf

Sundaram Finance is a highly respected financial services company in India. As a Non-Banking Finance Company (NBFC), it provides financing for a wide range of vehicles, including commercial vehicles, passenger cars, construction equipment, and tractors.

The company's operations also encompass various sectors, such as Insurance, Asset Management, Home loans, Business Process outsourcing, and Infotech Solutions. With a nationwide presence, Sundaram Finance operates through over 500 branches and serves more than half a million customers and depositors with over 2500 dedicated employees to ensure exceptional service.

Board of directors

Mr. T. T. Srinivasaraghavan

Chairman

Mr. Harsha Viji

Director

Mr. Gary Lee Crist

Director

Mr. Filip Coremans

Director

Ms. Sudha Suresh

Director

Mr. A V Girijakumar

Director

Aparna Ravi

Director

Mukund S Raghavan

Director

Mr Amit S Ganorkar

Managing Director

Get a feel of life at Royal Sundaram

Over 2000+ happy employees in 160+ branches

Debt Securities

Company Secretary/Compliance Office

S R Balachandher

Company Secretary & Chief Compliance Officer

Vishranthi Melaram Towers, No.2/319 , Rajiv Gandhi Salai (OMR) Karapakkam, Chennai - 600 097

Registrar and Share Transfer Agents (RTA)

Cameo Corporate Services Limited

Subramanian Building, 1, Club House Rd, Anna Salai, Chennai – 600002

Tel: 044 - 2846 0390

Fax: 044 - 2846 0129

E-Mail: investor1@cameoindia.com

Website: www.cameoindia.com

Debenture Trustee

IDBI Trusteeship Services Limited

Universal Insurance Building, Ground Floor, Sir P.M Road, Fort Mumbai, Maharashtra – 400 001

Tel: 022 - 4080 7000

Fax: 022 - 6631 1776

E-Mail: itsl@idbitrustee.com

Website: www.idbitrustee.com

Dedicated e-mail Id for Investor Grievances: investor.services@royalsundaram.in

Debt Securities viz. Unsecured Redeemable Subordinated Listed Non-Convertible Debentures of the Company are listed in the Whole Sale Debt Market (WDM) Segment of National Stock Exchange of India Limited.

Credit rating : Non - Convertible Debentures

Name of Rating Agency
Rating

CARE Rating Limited

CARE AA+ (Stable)

ICRA Limited

ICRA AA+ (Stable)