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Embark on Your Investment Journey with Confidence Using Mutual Fund Calculator!

Are you ready to step into the world of mutual funds? Mutual Fund Calculator is your trusted companion, guiding you through the complexities of investment. Join us as we explore the features of the calculator and how it empowers you to make informed decisions for your financial future.

Introducing the Mutual Fund Calculator: Your Path to Financial Growth

Welcome to a user-friendly Mutual Fund Calculator! This tool is designed to simplify the investment process, offering you a clear understanding of how your investments can flourish over time. Let's delve into the features of our calculator and how it can be your steadfast ally in financial planning.

How Mutual Fund Calculator Works: Navigating Investment

Mutual Fund Calculator equips you with insights into your investment journey by considering essential factors:

Initial Investment

The amount you're ready to invest in the mutual fund.

Expected Rate of Return

The rate at which your investments are expected to grow.

Investment Tenure

The duration for which you plan to stay invested.

Using the Home Loan Calculator: It's Effortless!

Using Mutual Fund Calculator is a breeze:

Enter Initial Investment

Begin by inputting the amount you're willing to invest.

Set Expected Return

Input the expected rate of return from your mutual fund investments.

Choose Investment Tenure

Select the timeframe for which you intend to keep your investments.

Visualize Your Repayment

Click "Calculate" to instantly visualize your monthly repayment amount and the total repayment over the loan tenure.

Discovering the Benefits of the Mutual Fund Calculator: Your Investment Guide

Mutual Fund calculator goes beyond numbers to guide you through your investment journey:

Clear Investment Goals

Understand how your investments can grow, aiding in setting clear financial objectives.

Informed Investment Choices

Armed with repayment projections, you can make well-informed home loan decisions.

Scenario Comparison

Wonder how different rates of return or investment tenures affect outcomes? Compare scenarios effortlessly.

Advantages of Mutual Fund Calculator: Empowering Your Investment Decisions
Visual Clarity

Mutual Fund Calculator provides a visual representation of your potential wealth, making goals more tangible.

Confident Decisions

When you understand the potential of your investments, you can invest with confidence.

User-Friendly Interface

No financial expertise required. Mutual Fund Calculator is designed for simplicity.

More questions mutual fund calculator? We have answers

When you want to buy a two-wheeler insurance policy online, it's essential to know the premium amount for the policy and compare it with other options. This step is crucial in your research process. Fortunately, using an online two-wheeler insurance calculator makes it easy to calculate the premium for your bike insurance policy. By using this calculator, you can find a policy that offers the best coverage for your bike. Moreover, it allows you to pay only the premium that fits within your budget, and nothing more.

  • Firstly, provide all the necessary details about your bike, such as its variant, make, and model.
  • Next, fill in the location of registration and the purchase year.
  • If you have filed a claim in the past, provide those details as well.
  • Check the Insured Declared Value (IDV) and the premium quotes, then choose the plan that suits you best.
  • Choose between a comprehensive or liability insurance plan.
  • Once done, you will get the final premium amount for your two-wheeler insurance.

Renewing your bike insurance before it expires is crucial to maintain continuous coverage. The online renewal process is easy; just follow these steps:

  • Visit Royal Sundaram's Insta Renew page or click on the provided link.
  • Login using your mobile number and OTP.
  • Verify and validate your details.
  • Proceed to make the premium payment.
  • Once the payment is successful, your policy will be renewed.

Renewing your two-wheeler insurance policy before expiry of your existing insurance policy eliminates the need for physical vehicle verification. Moreover, renewing your policy online ensures a quick receipt of the new policy and doesn't require any documentation. In case you face any issues during the renewal process, you can always contact our customer service for assistance.

When selecting suitable two-wheeler insurance for your bike, consider the following factors:

  • Assess your coverage requirements: Understand which coverage type suits your needs best. There are two types of bike insurance: third-party insurance and comprehensive insurance. Choose one that meets your requirements.
  • Research insurance providers: Look for reputed insurance companies with a high claim settlement ratio and a wide range of bike insurance plans and add-ons. By customizing your insurance policy with appropriate add-ons, you can ensure comprehensive protection for your vehicle.
  • Compare premium quotes: Utilize an online premium calculator to compare various insurance providers and find coverage that best suits your needs.
  • Read all the offer documents: Once you have carefully chosen your two-wheeler insurance policy, make sure to read the offer documents before making the purchase. Understand the inclusions and terms before finalizing the insurance policy.

The premium for two-wheelers is determined by several factors, including:

  • Insured's Declared Value (IDV) - the current market value of the vehicle.
  • Cubic Capacity of the vehicle.
  • Geographical Zones - categorized as Zone A (cities like Ahmedabad, Bangalore, Chennai, etc.) and Zone B (rest of India).
  • Age of the two-wheeler.

The IDV for each year (1st year, 2nd year, and 3rd year) will be calculated based on the depreciation chart in the Motor Tariff. The same will be reflected in the policy wordings. For example, a two-wheeler invoiced at ₹40,000 and purchased on 01.06.2013 will have the following IDVs for the Long Term Motor Two Wheeler Package Policy during 01.06.2016 to 31.05.2018:

Period of Insurance Depreciation IDV
From To
01.06.2016 31.05.2017 30% 28,000
01.06.2017 31.05.2018 40% 24,000
01.06.2018 31.05.2019 50% 20,000

The minimum premium for a 2-year policy is ₹200, and for a 3-year policy, it is ₹300.

The rates of depreciation for replacement of parts for partial loss claims in respect of all categories of vehicles and accessories are as follows:

Category Rate
Rate of depreciation for all rubber nylon/ plastic parts, tyres and tubes, batteries and air bags 50%
Rate of depreciation for all fibre glass components 30%
Rate of depreciation for all parts made of glass Nil
Rate of depreciation for all other parts including wooden parts is to be as per the following schedule
Age of the vehicle % 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%

All endorsements allowed as per policy terms and conditions are allowed.

The discounts allowed under the Two-wheeler Package Insurance policy include:

  • Voluntary Deductible discount.
  • No Claim Bonus.
  • Automobile Association Discount.

Third party refers to individuals who are not part of your family or do not own the property in question. In other words, they are unrelated to you and your possessions.

In the event of a claim, there is a certain minimum amount that the insured person needs to pay, and this is known as the 'compulsory deduction' or 'deductible' under Two-wheeler Insurance. The deductible amount for all two-wheeler Own damage claims is ₹100/-. This means that if you make a claim, you will be responsible for paying ₹100, and the insurance company will cover the rest of the claim amount after deducting this compulsory deductible.

Insured Declared Value (IDV) is the value of your vehicle as determined by the insurance company. It is calculated by adjusting the current manufacturer's listed selling price of the vehicle with a depreciation percentage as per the Tariff. The manufacturer's listed selling price includes Local Duties/Taxes but excludes Registration and Insurance costs.

For vehicles that are outdated or older than 5 years, the IDV is determined through mutual agreement between the Insurer and the Insured. Our Assessment Team evaluates the value of such vehicles using various resources like IMAs, Panel of Surveyors, Car Dealers, Second Hand Car dealers, etc.

Depreciation slabs for calculating IDV are as follows:

Not exceeding 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%

An endorsement is needed when there are agreed changes to a policy. It is a written document that includes modifications to the policy terms. If any alterations are required in the policy, the customer should approach the Insurance Company to make the necessary changes, and this is done through an endorsement.

An endorsement may be issued when the policy is issued initially, to provide additional benefits and coverage (e.g., legal liability to the driver) or to impose restrictions (e.g., accidental damage deductible). The wordings of these endorsements are provided in the tariff. Additionally, an endorsement may be issued later to record changes such as a change of address, change of name, change of vehicle, and so on.

Electrical/electronic accessories refer to items that are not originally provided by the vehicle manufacturer along with the two-wheeler. Examples include interior fittings, alloy wheels, protection bumpers, and saree guard that are not included with the vehicle. Non-electrical/non-electronic accessories are those items that do not rely on electricity or electronics for their functioning. These accessories can be added to enhance the appearance or utility of the two-wheeler.

No Claim Bonus (NCB) is a reward given to policyholders for not making any claims in the previous year of their insurance. It can be accumulated and increases over time, starting at 20% and going up to 50%.

Here are some important points about NCB:

  • If you make a claim, the NCB becomes zero.
  • The NCB is associated with the policyholder, not the vehicle.
  • You can reclaim the NCB within 90 days from the date of policy expiry.
  • The NCB can be utilized within 3 years, even if you sell the existing vehicle and purchase a new one.
  • When transferring the policy to a new name, the NCB can be recovered.
  • In case of the customer's death, the NCB can be transferred to the legal heir.
  • If you replace your vehicle with another of the same class, the NCB can be transferred.
  • NCB earned abroad can be considered in India as well.
  • NCB acts as an incentive for safe driving and rewarding policyholders for not making claims, which can lead to reduced insurance premiums in the future.

Break-in-insurance happens when the policy lapses because it was not renewed on time. It is essential to have at least third party insurance for your two-wheeler at all times, as per the law.

If your two-wheeler insurance has lapsed, please contact the nearest branch for further details. They can assist you in understanding the necessary steps to renew your insurance and ensure that your two-wheeler is adequately covered again.

  • If your two-wheeler has been stolen, the first step is to report it to the police and file an FIR (First Information Report).
  • Once you file the police report, immediately inform your insurance company. This is crucial as it helps in case the thief causes damage to others while using your two-wheeler. Keep in mind that your insurance claim won't be processed without the police report.
  • When notifying your insurance company, provide them with all the details about any loan or lease associated with your two-wheeler, along with the FIR.
  • Also, provide a description of your two-wheeler, including mileage and service records if available. Submit a list of any personal items that were stolen along with the two-wheeler.
  • Inform the RTO (Regional Transport Office) about the theft as well.
  • Notify your financier immediately about the theft and ask them to directly discuss the case with your insurer. This might help speed up the claim process.
  • If the police recover your vehicle, inform your insurer about it.
  • If the vehicle is recovered, the insurance company will provide compensation for damages to the vehicle as per the terms and conditions of your policy, including stolen items covered under your policy.
  • If the vehicle is not recovered, the police will provide a Non-Traceable Certificate (NTC), and the court will issue a final report under sec 173 Crpc.
  • If you have taken a vehicle loan to purchase your two-wheeler, the insurer will settle the amount directly with the financier. The settlement amount will be based on the Insured Declared Value (IDV), which might vary depending on usage and market value.
  • If there is an accident - Ensure that anyone injured receives necessary medical attention. Note down details of other vehicles and people involved, if applicable. Avoid accepting responsibility for the accident or making commitments regarding compensation.
  • In case of injury, death, third-party property damage, burglary, theft, housebreaking, or damage due to malicious acts like riot, strike, or terrorist activity, it is crucial to immediately inform the relevant police station.
  • If the accident is severe and the vehicle cannot be driven, take measures to protect the vehicle at the scene. Avoid starting the engine or driving the vehicle before necessary repairs.
  • Arrange to tow the vehicle to the nearest garage of your choice and have them prepare a detailed estimate, including labor charges and the list of parts with their prices.
  • Do not attempt to repair or modify the damaged vehicle until it is surveyed/assessed by a surveyor. Also, ensure that no parts or accessories are missing during this process.
  • Inform your insurance company about the accident or loss without delay.
  • Submit a fully filled-in claim form to your insurance company.
  • Seek guidance from your insurance company regarding the cashless facility to avail direct payment for repairs.
  • Provide the required documentation for verification and return, including:
    • Original vehicle registration book (including fitness certification, if separate)
    • Original driving license
    • Copy of the police complaint (FIR)
    • Estimate of repairs
  • Additional documents or clarifications may be requested by your insurance company for processing the claim, depending on the nature of the claim.
  • A surveyor/assessor will assess all damages/losses, and the claim's admissibility and settlement mode will be decided based on this assessment.

Please note: Ensure that you provide correct and complete contact details (address, telephone numbers, email IDs) in the claim form. If you receive any notice or summon related to the accident (other than criminal proceedings, if any), contact your insurance company with the petition copy.