10 October, 2012
• Opens new branch in Ranchi that would also service Hazaribagh, Ramgarh, Koderma and its adjoining areas.
• Total branches count to 106
• Expansion underlines Company’s aggressive focus on Retail
• Customers’ insurance expectations to be met by comprehensive range of products & services
Ranchi, October 10, 2012: Royal Sundaram Alliance Insurance Company Limited (www.royalsundaram.in), a joint venture between Sundaram Finance and Royal & Sun Alliance Insurance plc, UK, inaugurated its new branch in the capital city of Jharkhand - Ranchi. The newly opened branch is in line with the Company’s strategy to expand its network to tier II & III cities, while offering exceptional services to its customers. The branch would service Ranchi, Hazaribagh, Ramgarh, Koderma and its adjoining areas.
Speaking on the occasion, Ajay Bimbhet, Managing Director said, “Ranchi indeed is the fastest growing cities of Jharkhand and offers significant business potential. Also, we are experiencing improved level of insurance awareness that has encouraged us to deepen our foothold. We are confident that Ranchi office will enable us to increase our customer base and add value to the overall goal of being the first choice general insurer.”
Earlier, Ranchi was serviced through the network of partners, dealer and agents and its operations were supported from Jamshedpur. The new facility at Ranchi will now enable business operations for Hazaribagh, Ramgarh, Koderma and its adjoining areas.
Currently Royal Sundaram’s products are distributed in over 180 cities across India. With the addition of the new branch, the total strength of Company’s branches will be 106.
In the retail segment, the Company offers wide range of covers at competitive premiums for products such as Motor, Health, Personal Accident, Home, Home Content and Travel insurance. The Company’s Accident & Health claims process received ISO 9001-2008 certification for effective customer service delivery.
Ajay adds, “We aim to bridge customers’ growing needs with our quality insurance products. Royal Sundaram’s team is fully geared to extend services to delight our customers. We are confident Jharkhand will play a key role in our operations.”
The branch will operate from:
G.E.L Church Complex,
A.C Market, Shop No. 37,
Second Floor, Main Road,
Ranchi – 834 001.
About Royal Sundaram
Royal Sundaram Alliance Insurance Company Limited is a joint venture between Sundaram Finance and Royal & Sun Alliance Insurance plc, UK, where the former holds 74% and the latter holds 26% of the equity. Royal Sundaram is the first private non-life Insurance Company licensed to operate in India.
Royal Sundaram offers a range of innovative general Insurance products which includes Motor, Health, Personal Accident, Home and Travel Insurance for individual customers. The Company’s Accident & Health claims process received ISO 9001-2008 certification for effective customer service delivery. For Commercial clients, Royal Sundaram offers a wide range of specialised insurance covers in Fire, Marine, Engineering, Liability and Business Interruption risks. Royal Sundaram also offers specially designed products to the Small and Medium enterprises and Rural customers. Royal Sundaram currently has over 5 million customers, 1700 employees and its products are distributed in over 180 cities across India, through Agents, Distribution Partners, Affinity Partners and Brokers.
About Sundaram Finance
Sundaram Finance, a Non-Banking Finance Company, is one of the most respected financial services companies in India. It finances the entire range of commercial vehicles, passenger cars, construction equipment & tractors. The Group's operations also extend to Insurance, Asset Management, Home loans, Business Process outsourcing and Infotech Solutions. Sundaram Finance has a Nationwide presence with over 500 branches and over half a million customers and depositors who are serviced by over 4000 employees.
With a 300 year heritage, RSA is one of the world’s leading multinational quoted insurance groups. It has the capability to write business in around 140 countries and major operations in the UK, Ireland, Scandinavia, Central and Eastern Europe, Canada, Asia, the Middle East and Latin America. Focusing on general insurance, it has around 23,000 employees and, in 2011, its net written premiums were £8.1 billion.
For further information:
Royal Sundaram Alliance Insurance Company Ltd.