Royal Sundaram General Insurance

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Royal Sundaram General Insurance Co. Limited
Company type Private
Industry Financial services
Founded2000
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.royalsundaram.in

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.

Contents

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]

See also

References

  1. "Ageas International to pick up 40% stake in Royal Sundaram" . Retrieved 13 April 2022.