Oriental Car Insurance

"Oriental Car Insurance is a comprehensive car insurance plan designed for the complete protection of your car. The plan is offered by Oriental Insurance Company , a public sector general insurance company of India. With 29 regional offices and 1800+ operating offices, the company achieved a premium of Rs. 13199 crores in FY 2018-19. The company offers four-wheeler insurance under the private package car policy with extra coverages such as NIL Depreciation Cover, Loss of Personal effects, Alternative Car Benefit, Free Benefit of Emergency Service through TVS. The private package policy covers accidental loss or damage to vehicle, third party liability and personal accident cover."

• Add-ons: This Company offers essential add-ons for your car at an affordable cost. These add-ons enhance your basic car insurance. They nil depreciation cover, loss of personal effects, alternative car benefit, free benefit of emergency services through TVS, etc.
• Claim settlement: Offers efficient, quick and hassle-free claim settlement services.
• Discounts: Offers discounts in car insurance premiums like voluntary discounts, automobile association membership discount, No claim bonus discount and discounts for fitting anti-theft devices in your vehicle.
• Cashless facility: Has a good network of workshops providing cashless facilities.
• Accidental Cover: Any vintage cars manufactured before 31st Dec, 1940 and the ones certified by the Vintage and Classic Cars Club of India, are offered 25% discount on the third-party premium and the own damage premium.
• Customer Service: This Company has an excellent team of customer service that offers good and hassle-free pre-sales as well as post-sales services.

The Motor Vehicles Act, 1988 has made it mandatory for all the vehicles plying on the Indian roads to buy a motor insurance policy. Today, there are many Car Insurance Companies in the Indian market, but what makes Oriental Car Insurance win the race?

Let's find out some of the important reasons to insure your car with Oriental Car Insurance:

• Offers customized plans as per your requirements.
• Offers coverage for a year, but also offers coverage for shorter duration.
• Offers online facilities to buy and renew the car insurance products at your convenience.
• Offers alternative car benefit allowance in case of emergencies like theft, accident, damage. This allowance is Rs.400 or Rs.650/-.
• Offers excellent add-ons at a very affordable rate.
• Offers emergency services through TVS absolutely free.
• Offers higher and best coverage at an affordable premium rate.
• Provides complete peace of mind through stress-free rides.
• Offers speedy and hassle-free claim settlement process.
• Has effective risk management system.

Besides the above-mentioned inbuilt coverages, Oriental Car Insurance policy also has optional riders which can be selected by paying an additional premium. These riders include enhance your basic car insurance policy and offers an extra shield of coverage for your desired prized possession:

• Zero Depreciation Cover : A Zero depreciation Cover, also known as Nil Depreciation policy or a zero dep policy, covers for a full claim for plastic, rubber, glass or fiber parts. This additional premium is calculated as per the age of the vehicle.
• Loss of personal effects: Other than credit cards, laptops, mobiles and monies, the loss of personal effects to a maximum of Rs.5, 000 or Rs.10, 000 are paid during any loss. This amount is pre-chosen at the beginning of the policy. You can buy this cover with a little premium as low as Rs.400 and Rs.650.
• Alternative car benefit: If you are being deprived to use your insured car post its theft/accident, Oriental car insurance has a good news for you. It offers a benefit of an alternative car benefit by allowing you to use the alternative car for a limited duration of 5, 10 or maximum 15 days. This comes with an addition amount of Rs.400 and Rs.650 per day limit and the premium is calculated accordingly. However, this add-on comes in force only if your car is damaged by more than 20% of the Insured Declared Value and is disabled.
• Free benefit of emergency service through TVS: In case your car is insured through Oriental’s offices in the state of Punjab, Haryana, Delhi & NCR, Haryana, Himachal Pradesh, Rajasthan, Kolkata, Maharashtra, then the police in that region would offer you free emergency services in case of breakdown. This doesn’t need to be paid with any extra premium. This facility offered by Oriental Car Insurance is absolutely free.

Oriental Insurance offers tailor-made car insurance plans as per your requirement. You can also enhance your policies with the help of add-ons that comes with an addition of little extra premium. It is essential to know what type of coverage to opt for before buying a car insurance policy. Let's have a look at the different types of private car insurance coverage offered by Oriental Car Insurance:

Third- Party liability insurance:.

• This policy covers the liabilities to the third party in case of an accident. The liability coverage goes for accidental death, physical injury and/or the damage to vehicle and property.
• This plan also includes the personal accident coverage for the owner-driver as well.
• Unlimited coverage is provided for death or injury of third party while up to Rs.7.5 Lakh are covered for property damage.

Own damage:

Oriental Car Insurance offers a comprehensive coverage for you and your prized possession. They offer the below coverages:

• Natural calamities like floods, inundation, typhoon, cyclone, hurricane, storm and hailstorms
• Landslides and rockslides.
• Earthquake (both shock and Fire).
• Fire, self-ignition, lighting or explosion.
• Terrorist and Malicious activities.
• Strikes and Riots.
• House breaking, burglary and theft of car.

Personal Accident Cover for the driver/owner:

If you, the driver/owner of the car, face accidental death or disability when travelling in the car or mounting or dismounting it, your policy would compensate for it. There is an inbuilt Personal Accident cover of Rs.2 lakhs for such contingencies.

• Installation of security devices:If your car is fitted with ARAI approved anti-theft devices, you are eligible for an additional discount up to 2.5% on your own-damage premium.
• No claim bonus : Oriental Car Insurance offers you a NCB discount on your own-damage premium for every claim-free year .It starts with 20% for the first year and can go as high as 50% over 5 consecutive claim-free years. The best part is you can retain this discount, even if you wish to sell the current car and purchase a new car.

The following table shows the NCB grid:

• Membership of AAI: If your car is a member to any of the recognized Automobile Associations of India then can fetch you an extra discount.

• Voluntary discounts: A deductible is nothing but an amount that you need to pay out during an accident or mishap. This deductible plays a major role in determining the car insurance premium. Higher the deductible, lower would be your car insurance premium. If you know you are a safe and responsible driver, opt for a higher voluntary deductible. This will help in getting the cheapest car insurance.

The claims would not be admitted under the below exclusions:

• Normal Wear and Tear and Electrical or Mechanical Breakdowns.
• Damage to Tyres (unless vehicle also damaged).
• Driver without a Valid Driving License.
• Driving under the influence (DUI) of intoxicants such as liquor or drugs.
• When the vehicle is used for any illegal purpose.
• Usage outside geographical limits.
• Vehicle is used for Hire or Reward, Carriage of Goods, Organized Racing, Pace Making, Speed Testing, Reliability Trials.
• Nuclear Wars and Perils.

Contact Details of Oriental General Insurance

• Toll Free: 1800-11-8485
• Non-Toll Free: 011-33208485
• Oriental House, A-25/27, Asaf Ali Road,
• New Delhi - 110002.

Step-by-step claim process is mentioned below:

a) In case of Theft/ Accident

• Immediately contact Oriental on their toll-free number or by visiting their nearest branch office.
• Lodge a claim by filling in the duly signed Claim Form by the insured.
• Copy of Driving License, RC book, Policy document along with the original documents needs to be submitted.
• FIR report, photographs of the vehicle,
• Photographs of the vehicle needs to be submitted, NOC given by the financier for total loss and theft, Power of Attorney or Subrogation in case of total loss needs to be submitted.
• Submit the discharge voucher, all the sets of the car keys, indemnity bond.
• Original Repair Bill in case of a reimbursement claim is required.
• Duly signed Form 28, 29, 30 and Form 35.
• Final confirmation with “No Trace Report” of the insured vehicle from the police.
• The Company would confirm the liability and settle your claim.
• Take appointment with the surveyor and take your vehicle to any of Oriental Car Insurance authorised network garages for repair, for cashless service. Submit the require documents to the surveyor.
• In case you opt for cashless facility, the company will settle the repair bills directly with the garage up to the amount payable. But in case you do not opt for cashless facility, you have to pay for the repair charges and then submit the bills with claim form to the surveyor/company for settlement.

b) In case of Third Party Claims

• Immediately contact Oriental Car Insurance on their toll-free number or by visiting their nearest branch office. Lodge a claim by filling in the duly signed Claim Form by the insured.
• Copy of Driving License, RC book, Policy document along with the original documents needs to be submitted.
• FIR report also needs to be submitted if required.
• Take appointment with the surveyor and take your vehicle to any of Oriental Car Insurance authorised network garages for repair, for cashless service. Submit the require documents to the surveyor.
• The Company would confirm the liability.
• In case you opt for cashless facility, the company will settle the repair bills directly with the garage up to the amount payable. But in case you do not opt for cashless facility, you have to pay for the repair charges and then submit the bills with claim form to the surveyor/company for settlement.

Thumbs-Up... With a robust base of faithful customers clubbed with sturdy Pan India branch setup, Oriental Car Insurance Plans are reasonably priced and cost-optimized. Also the premiums are viable, pocket friendly and accounted for. The cover gives you cashless benefit to a wide range of cashless garages all over India. If a worthy car insurance cover with strict budget is what's on your mind, Oriental Car Insurance is a sure contender.