Established in 1947, Oriental Insurance Company is a market leader in insurance solutions. With 31 offices and more than 1,800 operating branches across India, Oriental is one of the most preferred insurance partners. Car insurance is one of their products along with personal accident insurance, health insurance and other insurance types that cater to various sectors.
|Incurred Claim Ratio 2017-18||68.19%|
|Net Earned Premium||Rs.4,000.26|
|Extra Covers Provided||
|Hassle-free claim settlement|
|Variety of add-on options|
|No claim bonus|
Oriental Insurance provides a wide range of add-on covers. Let’s explore the cover options:
Loss or damage caused due to:
||When the policyholder uses the vehicle contrary to mandated instructions|
|Loss due to theft, robbery, and other manmade calamities such as strike, riots, terrorist activities, accidental external damage||Accident due to intoxication|
|Damage caused due to travel by road, air, elevator, inland waterway||Damage due to own negligence|
|Third-party liability in cases of injury, death or damage||Mechanical or electrical breakdown|
|Personal accident cover||Loss due to nuclear risks|
|War related risks|
|Loss of accessories by theft|
|If used/driven outside geographical area|
|Age of vehicle||% of depreciation|
|Not exceeding 6 months||5%|
|Exceeding 6 months but not exceeding 1 year||15%|
|Exceeding 1 year but not exceeding 2 years||20%|
|Exceeding 2 years but not exceeding 3 years||30%|
|Exceeding 3 years but not exceeding 4 years||40%|
|Exceeding 4 years but not exceeding 5 years||50%|
Customers can avail direct services from the empanelled list of cashless network garages available through Oriental insurance. To locate the nearest network garage, please log on to their website and click on the ‘Locator’ option. Then click on, ‘workshops providing cashless facility’. This will take you to the page where you can easily locate the nearest garage.
Depending on the type of incident that has occurred, the claim process will vary accordingly. In case of third-party liability, it is always wise to inform the police and file an FIR. The same applies even in the case of an accident or theft. The amount of loss needs to also be determined in case of a theft or an accident. For other types of damages caused due to natural calamities such as earthquakes, cyclones, floods, etc, you may be required to submit proof of the incident through newspaper cuttings, weather reports, and photographs of damage to claim reimbursement. In case damage is caused due to riots or other antisocial activities, reimbursement can be claimed provided an FIR is filed along with adequate proof of the incident. A fire brigade report needs to be submitted in case damages are caused due to fire or explosion.
Claims can be made easily through the toll-free number or online, through the company’s website. It is required to keep basic documents in place such as driving license, RC book, policy documents, etc.
Let’s explore the cashless claim process:
Let’s explore the reimbursement claim process:
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