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Posted on Jan 28, 06:46PM | IBNS
Royal Sundaram Alliance Insurance Company Limited on Monday announced it has launched its commercial vehicle insurance on the online platform.
The service will enable customers to buy and renew service of Commercial Vehicle insurance on www.royalsundaram.in.
Commercial Vehicle insurance is a comprehensive package for taxi owners, fleet owners and likewise.
It covers loss or damage to the customer's vehicle (own damage) against insured perils and third party liability.
Company's Managing Director Ajay Bimbhet said, "Transportation is an essential part of everyday's life and even economy. Growing travel needs has offered increased thrust to industries like tourism and businesses like car rentals. The segment offers favorable opportunities and we look forward to tapping it.
"Further, to create a deeper customer connect and take our relationship with customers to next level, it is important to be available to them instantaneously.
"Online medium bridges the physical barrier and has been an efficient channel for us. This facility also enables customers to buy and renew policies 24x7."
Commercial Vehicle insurance is designed specially to protect vehicles that are not used for personal purpose.
The vehicles covered under this policy include taxis with a maximum seating capacity of 7.