Royal Sundaram offers online covers for commercial vehicles

Service extends to both new policies and renewal of existing ones

Royal Sundaram Alliance Insurance Company Limited has launched its commercial vehicle insurance on the online platform, the company said in a press release today. The service will enable customers to buy new policies and also renew existing ones on www.royalsundaram.in

What it covers

Vehicles up to 5 years of age, pan-India

Taxies registered anywhere in India and plying within the country

Loss or damage due to fire, burglary, theft or breaking, riots, terrorism and strikes, plus third party

Loss or damage due to accident

Indemnity for third party property damage (max: Rs 7.5 lakh). Unlimited liability for third-party death/injury

In-built personal accident to individual insured, optional for paid driver

Commercial vehicle insurance is a comprehensive package for taxi owners and fleet owners, covering loss or damage to the customer’s vehicle (own damage) against insured perils as well as third party liability.

 

The release also quoted Ajay Bimbhet, Managing Director, Royal Sundaram, saying that the facilty to buy or renew online is available on 24x7 basis.

Commercial Vehicle insurance is designed specially to protect vehicles that are not used for personal purpose. The vehicles covered under this policy include Taxies with a maximum seating capacity of seven, the release said.