Sundaram Alliance Insurance Company has recently expanded its network hospitals
to provide cashless access to its health insurance customers across the country.
The company has now tied up with 1021 hospitals in India.
Sundaram Alliance Insurance Limited is a 74: 26 joint venture between Sundaram
Finance and Royal & SunAlliance, in accordance with IRDA regulations. Royal
Sundaram, which has had a paid-up capital of Rs140 crores, is the first non-life
insurer to be awarded a licence by the IRDA.
2001, Royal Sundaram was the first private general insurance company to offer
cashless facility in health insurance. This cashless facility was developed after
extensive research, which highlighted the difficulties people face when trying
to claim hospital bills from insurers.
inception, the company has registered a significant growth in the health insurance
portfolio, servicing individual and group customers across urban and rural India.
During 2006-07, the health Insurance portfolio grew by over 90 per cent.
Jacob, managing director, Royal Sundaram Alliance Insurance, said, "We currently
have tie ups with many of the big hospitals in the country. Our aim is to ensure
that a Royal Sundaram policyholder and his family benefit from quality treatment
at hospitals that share our vision of excellent customer service. To achieve this,
we will be further expanding our hospital network over the coming months.