For those looking for the best car insurance policy, it's important to compare Kotak Mahindra and Royal Sundaram Car Insurance companies to find the one that will work best for you. With all of the car insurance providers to choose from, some stand out more and have a better reputation.
Kotak Mahindra and Royal Sundaram have different policies and offer a variety of discounts that slightly change, making them both competitive car insurance companies. Decide which side you want to go with before you buy a car insurance policy. This article will help you understand the different factors that can affect your decision on which company to choose for your car insurance needs.
When you buy insurance for your car, you would want to get the insurance that is high on benefits and low on costs. The comparison of Kotak Mahindra and Royal Sundaram Car Insurance depends on the factors such as Customer Service, Product Portfolio, Pricing, Best Coverage, suitability, and Claim Settlement Ratio.
| Key Points |
Kotak Mahindra Car Insurance |
Royal Sundaram Car Insurance |
| Claim Settlement Ratio |
74.64% |
87.89% |
| Cashless Garages |
3000+ |
4600+ |
| Solvency Ratio |
1.95 |
1.87 |
| Branches |
100+ |
158+ |
| Claims Settled |
2.3 lakhs |
15 lakhs |
What are the Advantages of Kotak Mahindra Car Insurance and Royal Sundaram Car Insurance?
The following are the pros and cons of Kotak Mahindra Car Insurance and Royal Sundaram Car Insurance:
- The Company offers an attractive range of car insurance policies.
- They offer a 24-hour helpline.
- They offer a free car valuation report.
- Hassle-free cashless services.
- 24x7 emergency assistance is provided
- Offers unlimited claims to its customers.
- Easy and quick claim settlement process.
Comparison between Kotak Mahindra Car Insurance vs Royal Sundaram Car Insurance:
Kotak Mahindra Car Insurance offers a range of services to its customers. It provides coverage for the car, the driver, and third-party liability. It also offers free legal advice in case of an accident. Kotak Mahindra Car Insurance is one of the most trusted names in the industry and is available in all major cities across India.
Royal Sundaram car insurance is a company that has been around for more than 100 years now. They offer coverage for both cars as well as bikes and other two wheelers. They provide personal accident cover, third party liability cover, fire and theft cover, and many more benefits to their customers which makes them stand out from other insurance providers in India.
| Differences |
Kotak Mahindra Car Insurance |
Royal Sundaram Car Insurance |
| Benefits |
- Customized products and services
- High claim ratio settlement
- Digital infrastructure
- Efficient processing of claim settlement
- Customer-centric ratio
- Extensive range of add-ons to choose
- The easy and fast documentation process
- Reliable and efficient service
- To secure from unexpected financial loss and mishap
- Own damage partial or total loss
- Covers you from natural calamities, and man-made calamities
- Personal accident cover
- Third-party legal liability.
|
- No Claim Bonus (NCB) cover is Up to 50%
- Personal accident cover for all passengers and paid driver up to Rs. 50 lakh
- Legal Liability for paid driver
- Legal liability for passengers
- Comprehensive cover for electrical/electronic/non-electrical fittings
- Cover for CNG kit and Bi-fuel system.
- Damages sustained by the insured car due to fire, ignition, or explosion
- Accidental damage caused due to external force or act
- Natural calamities like storms, floods, typhoons, etc.
- Burglary, theft, housebreaking, etc.
- Act of Terrorism, and malicious acts.
- Any legal liability arising out of damages caused to third-party property, vehicle or injury, or death claim in case of life
- Personal accident cover.
|
| Features |
- Customized products and services
- High claim ratio settlement
- Digital framework
- Comprehensive coverage and personal accident cover.
- Efficient processing of claim settlement
- Customer-centric ratio
- Extensive range of add-ons to choose
- Long term coverage
- The easy and fast documentation process
- Reliable and efficient service.
|
- Minimal Documentation
- Protection from inflation (No need to pay an extra amount even increase in Third Party premium)
- Quick claim settlement
- Vehicle replacement value plus
- Quick Claim Settlement Process within 10 working days.
- 24x7 valet care emergency assistance and cashless service
- 100% simplified claims and hassle-free claims done in less than 5 days
- M-inspect app digital service to the comfort of your home
- A one stop app for all policy details, claim processes, and other requests through M-CHATRA App.
|
| Highlights |
- No claim bonus discount up to 50%
- Opt for voluntary deductible
- Membership of AAI
- Quick and hassle-free claim assistance
- Reliable customer support.
|
- Online policy issuance and renewal
- 24x7 spot assistance available
- Self-vehicle survey and instant claim settlement with Motor-on-the-spot.
- Free roadside assistance
- Automobile association of India membership discount
- Voluntary deductible discount.
|
| Accessibility |
Online through
PolicyBachat & Kotak Mahindra Website. |
Online through
PolicyBachat & Royal Sundaram Website. |
Comparison of car insurance online leads to cost efficiency due to low operating costs to maintain online. We give you the distinction between the carrier backgrounds, incurred claim ratio, and network garages to configure the right insurance policy.
PolicyBachat insurance market is huge and offers a wide range of car insurance plans at economical rates. At present, several insurance companies provide reliable car insurance plans. The insurers offer unique features and personalized facilities to cater to different sorts of customer needs.
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Kotak Mahindra Car Insurance:
With a kotak Car insurance policy, you can protect yourself and your car from any financial loss and damage. A comprehensive car insurance policy will cover all the damages caused to you, your vehicle, and the third party damages caused by the accident. Buying a Kotak car insurance policy ensures your all-around safety every time you hit the road.
Kotak Mahindra General Insurance Company is a subsidiary of Kotak Mahindra Bank Ltd started its operations in 2003. Kotak Mahindra general insurance company incepted in 2015, during the year Kotak Mahindra received 6 lakhs premium and incurred a claim amount of 26 Lakhs. Kotak Mahindra General Insurance has resolved the claim within 6 months. Kotak Mahindra insurance company's commitment to providing insurance claims proves the reliability of the company.
| Types of policies |
- Private car insurance policy
- Third party car insurance
- Comprehensive car insurance
- Personal accident cover.
|
| Add-ons/Riders |
- Depreciation cover
- Consumables cover
- Return to invoice
- Tyre protection cover
- Daily car allowance
- Loss of personal belongings
- Roadside assistance.
|
| What is Covered? |
- Enjoy enhanced protection with Kotak Car Secure to compensate for both first-party and third-party damage
- You can rely on our around-the-clock assistance for any minor or major situation
- Get the benefit of a maximum of 50% No Bonus Claim
- Complete protection due to natural calamities like fire, explosion, lightning, earthquake, flood, etc., or damages caused due to man-made calamities like burglary, theft, riot, strike, malicious act, accident, etc.
- Comprehensive cover provides protection against damages related to all electrical and non-electrical accessories as well as the bi-fuel system of the vehicle.
|
*Know about Kotak Mahindra Car Insurance benefits and coverages in this Article*
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Royal Sundaram Car Insurance:
Royal Sundaram General Insurance Co. Limited (formerly known as Royal Sundaram Alliance Insurance Company Limited), is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory and Development Authority (IRDA) of India. The company was initially promoted as a joint venture by Sundaram Finance, one of the most respected non-banking financial institutions (NBFCs) in India, and other Indian Shareholders.
Royal Sundaram has over 2000 employees, and 28 million customers with 158 branches across India and its products are distributed through various channels-agents, distribution partners, affinity partners, brokers, and online.
| Types of policies |
- Standalone Own Damage Car Insurance
- Comprehensive Car Insurance
- Standalone Third Party Car Insurance.
|
| Add-ons/Riders |
- Full Invoice Price Cover
- No Claim Bonus (NCB) Protector
- Tyre Cover
- Key Protector
- Depreciation Waiver Cover
- Loss of baggage Cover
- Windshield Glass Cover
- Spare car clause
- Voluntary deductible cover
- Engine protector cover
- Life time road tax clause.
|
| What is Covered? |
- Third Party Liability: The policy covers your financial liability for damage to your property.
- Personal Accident Cover: Personal Accident Cover for a minimum of Rs.15 lakh. You can extend cover for passengers too.
- Comprehensive Cover: This cover protects it against loss or damaged due to theft or accident.
- Protection from Inflation: You will not need to pay any extra premium even if there is an increase in Third party premium during the policy period.
- Vehicle Replacement Value Plus Cover: With this add-on, In case of theft or total damage to your car, you will get full reimbursement on the invoice amount, road tax amount, and registration charges.
- Cost-Effective: Affordable Car Insurance Premiums.
|
*Know about Royal Sundaram Car Insurance benefits and coverages in this Article*
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Conclusion:
We compared Kotak Mahindra Car Insurance with Royal Sundaram Car Insurance, in detail. You can rest assured that you're making the right decision. However, they are different in some ways. This article will give you an idea of what the policies are like the pros and cons, and how they compare to one another.
In the end, both companies offer great customer service, competitive rates, and affordable premiums. However, some key differences make them stand out from each other. The difference between the two companies is their pricing structure.
PolicyBachat help you choose the best car insurance policy by comparing online. You must know what your budget and requirements are, to decide on the right one for your needs. Choose the best car insurance company that provides good coverage at the best price.