Royal Sundaram General Insurance
Indian insurance company
From Wikipedia, the free encyclopedia
Royal Sundaram General Insurance Co. Ltd. (formerly known as Royal Sundaram Alliance Insurance Company Limited) is an Indian private sector general insurance company, part of the Sundaram Finance Group. It was licensed in October 2000 by the Insurance Regulatory and Development Authority of India.
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2000 |
| Headquarters | Chennai, Tamil Nadu, India |
Key people | Mr S Viji, Chairman |
| Products | |
Number of employees | 2,000 |
| Parent | Sundaram Finance (50%) Ageas (40%) |
| Website | www |
The company was initially promoted as a joint venture between Sundaram Finance, an Indian non-banking financial institution, and Royal & SunAlliance Insurance, a general insurer in the UK. In July 2015, Sundaram Finance acquired the 26% equity holding from Royal & SunAlliance Insurance. Consequently, Sundaram Finance owned 75.90% of the shareholding and other Indian shareholders held the remaining 24.10%.[1]
