loading-image Royal Sundaram General Insurance Co. Ltd-Tamil Nadu - Company CSR Profile
 

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Last Updated on April 12, 2019

 

Implementing Partners

  • Madras School of Economics
  • Ramakrishna Mission Students Home
  • Laxmi Charities
  • Sundaram Medical Foundation
  • Om Charitable Trust
  • ALERT
 
 
 

Thematic Areas

  • Preventive Healthcare, Water and Sanitation
  • Education, Employability and Livelihoods Enhancement
 
 
 
 
 

Royal Sundaram General Insurance Co. Ltd

Vishranthi Melaram Towers No.2/319 , Rajiv Gandhi Salai (OMR) Karapakkam , Chennai - 600097, Chennai, Tamil Nadu
 

Sector : Miscellaneous

International Origin : No

Company Type: Exchange Listed (BSE,NSE)

 
 

CSR Financial Details (INR Cr.)

Year
Actual CSR
Prescribed CSR
2017-2018
0.85 Cr
0.85 Cr
2016-2017
0.96 Cr
0.96 Cr
2015-2016
0.82 Cr
1.28 Cr
View all
 


Financial Insights

Estimated Prescribed CSR Budget FY 2018-19: INR 1.53 Cr

 

About The Company

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 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.

In February 2019, Ageas Insurance International N.V. acquired 40% equity stake in Royal Sundaram after necessary Regulatory approvals from the existing Indian Shareholders. Consequent to this divestment, the stake of Sundaram Finance in our company is currently at 50%, Ageas Insurance holds 40% and the other Indian shareholders hold the remaining 10%.

Royal Sundaram has been providing innovative general insurance solutions to individuals, families and businesses directly as well as through its intermediaries and affinity partners. The company offers Motor, Health, Personal Accident, Home and Travel Insurance to individual customers and offers specialized insurance products in fire, marine, engineering, liability and business interruption risks to commercial customers. Royal Sundaram also offers specially designed products to the small and medium enterprises and rural customers as well. The company is a pioneer in bancassurace in India, having long-standing tie-ups with reputed banks and NBFCs.

CSR Foundation Description

Sundaram Medical Foundation

Sundaram Medical Foundation is a not-for-profit 191 bed Multi Speciality General Hospital located at Anna Nagar, a prime locality in Chennai. Promoted by the Sundaram Finance Group as a trust in November 1990, SMF has been conceived and planned by Late Dr.S.Rangarajan, son of Late Mr.T.S.Santhanam, Chairman Sundaram Finance. Dr.S.Rangarajan was a qualified Chartered Accountant and an MBA (Finance), who subsequently obtained a post-graduation degree in Medicine to change his career. A professionally managed hospital with a strong parentage, SMF has substantial depth within the broad specialities offering secondary health care which gives it the ability to ensure early detection and treatment of diseases, followed by referral to specialized centers if required, for tertiary care. With a work force of 850 staff and 150 medical professionals, the hospital provides free medical treatment to 30% of its Outpatients and 15% of Inpatients.

 
 

Headquarter and Plant/Office Locations

Headquarter: Chennai-Tamil Nadu
 
Plant/Office Locations:
 

CSR Projects of the Company

 
Road Safety Awareness
Project Budget: INR 0.07 Cr
  The Company has contributed some amount towards Road Safety - Training for Emergency Respons....
 
More CSR Info >>
 
Education Initiatives
Project Budget: INR 0.28 Cr
The Company has contributed some amount towards improving of quality of education.....
 
More CSR Info >>
 
Healthcare Initiatives
Project Budget: INR 0.50 Cr
The Company has contributed some amount towards promotion of healthcare....
 
More CSR Info >>
 
 
 

 
 

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