About Commercial

About Commercial Vehicle Insurance

Commercial Vehicle Insurance covers Goods Carrying Vehicles, Passenger Carrying Vehicles, Taxies, Miscellaneous class of vehicles such as Tractors, Cranes and Trailers, Trade Road Risk Policy, Trade Road Transit Policy and Trade Internal Risk Policy

Passenger Carrying UIN: IRDAN102P0007V02201617

Goods Carrying UIN: IRDAN102P0005V02201617

Miscellaneous Vehicle UIN: IRDAN102P0006V02201617

 

Cashless Claims Service in Commercial Vehicle Insurance

Cashless Claim

Want to make service request? Please select the service u need and fill in the details.

Comprehensive Coverage Service in Commercial Vehicle Insurance

Comprehensive Coverage

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Assured Service in Commercial Vehicle Insurance

Assured Service

If you have any queries or complaint/grievance against us, please register for a complaint.

Commercial Key Benefits

Key Benefits

Loss and damage Protection

Loss or Damage Protection

Protection from Loss of or damage to the insured vehicle

Unlimited Liability Third Party Death or Injury Claims

Unlimited Liablity

Unlimited Liability for Third Party death/Injury claims, arising out of the operation of the insured vehicle

Indemnity for third Party Property

Indemnity for third party property

Indemnity for third party property damage up to a maximum limit of Rs. 7.5 lakhs

Personal Accident Cover

Personal Accident Cover

Inbuilt Personal accident cover to vehicle owner in case of an individual and optional personal accident cover for paid driver and cleaner of the vehicle

Commercial Add on covers

Add On Covers

Depreciation Waiver Cover
Windshield Glass Cover
Enhanced PA Cover

Depreciation Waiver Cover

Get depreciation waiver on plastic and metal parts in case of partial loss/claim. This means when you make a claim, you will get the full claim amount without any deduction for depreciation on the value of parts being replaced.

Windshield Glass Cover

If the windscreen glass (front and/or rear) of your car accidentally breaks and needs to be repaired / replaced, we will repair / replace the same without your No Claim Bonus getting affected. This will not be treated as an Own Damage claim and will not affect your No claim bonus next year.

Enhanced PA Cover

This cover is an extension of Personal Accident Cover with maximum up to 50 Lakhs Capital Sum Insured. It is offered in multiples of 1 Lakhs.

Commercial Claims

Claims

Oh no! Has your vehicle been damaged? Worry not, we make it easy for you to make a claim

Details of Policy Documents s

1.Inform Royal Sundaram immediately and keep the following details on hand:

  • Policy Details
  • Contact Details
  • Loss Details
Repair of vehicle before survey

2.Please refrain from dismantling or repairing the vehicle before survey is completed.

Survey on Vehicle Claim Intimation

3.Survey will be arranged on receipt of claim intimation and submission of detailed estimate of repairs from the repairer.

Document Submission to Prior Survey

4.Documents must be provided to the repairer/surveyor prior to survey.

Filled Claim Form with Company Seal

5.Duly filled and signed claim form. Please note that it is mandatory to update Aadhaar and PAN details. For company owned vehicles, signature of authorized signatory along with company seal is required.

Registration Certificate of Vehicle

6.Registration Certificate of the vehicle along with photocopy. Original to be verified and returned.

Required Driving Licence of driver

7.Driving License of the driver at the time of accident along with photocopy. Original to be verified and returned.

Valid Fitness Certificate

8.Valid Fitness certificate along with photocopy. Original to be verified and returned.

Not Required Permit or Report

9.Royal Sundaram does not require you to submit any permit, MVI report, trip sheet/ load challan/ way bill, tax token or post mortem report.

FIR from Police Station

10.FIR from police station if third party death/ injury or property damage.

Copy of Pan Card

11.If the claim amount exceeds Rs. 1,00,000, we require a copy of your PAN Card along with a recent passport photo.

Documents based on claims

12.Other documents may be requested based on the requirements of the claim.

Cashless Facility

13.If all documents are found to be in order, we will arrange for cashless facility. You may collect the vehicle after completing a satisfaction voucher and paying any amount as required.

Reimbursement for Non Cashless claim

14.For Non cashless claims (reimbursement claims), original cash bill or Invoice with cash receipt is required for settlement of claim.

Reinspection of vehicle

15.Vehicle may have to be produced for re-inspection, if requested by surveyor.

Commercial Terms and Condition

Policy Terms and Conditions

We request you to carefully read and understand the Terms and Conditions, before you buy the Policy. All claims are processed strictly according to it. Please speak or chat with our Customer Support Team, if you need any clarification.

Passenger Carrying UIN: IRDAN102P0007V02201617
Goods Carrying UIN: IRDAN102P0005V02201617
Miscellaneous Vehicle UIN: IRDAN102P0006V02201617
Enhanced PA Cover Clause Goods Carrying Vehicle: IRDAN102A0017V01201920
Enhanced-PA Cover Clause Miscellaneous & Special Type of Vehicles: IRDAN102A0016V01201920
EMI Protector Clause Goods carrying vehicle: IRDAN102A0003V01202021
EMI Protector Clause Miscellaneous vehicle: IRDAN102A0007V01202021
EMI Protector Clause Passenger carrying vehicle: IRDAN102A0004V01202021
Loss of Income Clause Goods carrying vehicle: IRDAN102A0005V01202021
Loss of Income Clause Miscellaneous vehicle: IRDAN102A0008V01202021
Loss of Income Clause Passenger carrying vehicle: IRDAN102A0006V01202021
Loss of Income Cover for Electric 3 Wheelers(Passenger Carrying Commercial):IRDAN102A0005V01202324
Loss of Income Cover for Electric 3 Wheelers(Goods Carrying Commercial):IRDAN102A0004V01202324
Comprehensive Vehicle Insurance Coverage
Liability only policy
PA Cover Clause Passenger Carrying Vehicle
Enhanced PA Cover Clause Goods Carrying Vehicle
PA Cover Clause Miscellaneous & Special Type of Vehicles
EMI Protector Clause Goods carrying vehicle
EMI Protector Clause Miscellaneous vehicle
EMI Protector Clause Passenger carrying vehicle
Loss of Income Clause Goods carrying vehicle
Loss of Income Clause Miscellaneous vehicle
Loss of Income Clause Passenger carrying vehicle
Loss of Income Cover for Electric 3 Wheelers (Add on cover for Passenger Carrying Commercial Vehicle customers)
Loss of Income Cover for Electric 3 Wheelers (Add on cover for Goods Carrying Commercial Vehicle customers)