- About Coverfox
The Oriental Insurance Company Limited was formed in the year 1947 as a wholly owned subsidiary of the erstwhile Oriental Government Security Life Assurance Company Ltd. The core intent to form Oriental Insurance was to cater the requirement of General Insurance for all the segments of Indian market. Oriental Insurance made a modest beginning with a first year premium of 99,946 in the year 1950 and since then the Oriental Insurance has pioneered various general insurance products in India and has earned a reputation in the Indian Insurance industry for its smooth & orderly accomplishment of the general Insurance business.Oriental Insurance Company has its headquarters situated in Delhi. This Company has a corporate vision to be one of the most respected and most preferred non-life insurance companies in the entire insurance market. It has more than 30 regional offices and more than 1800 operating offices in different cities in India. Oriental Insurance has a very efficient claim management system.
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:
Oriental Car 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
Own damage Oriental Car Insurance offers a comprehensive coverage for you and your prized possession. They offer the below coverages:
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.
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:
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.
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 one.
The following table shows the NCB grid:
|No. Of Years||Discount|
|One claim-free year||20%|
|Two consecutive claim-free years||25%|
|Three consecutive claim-free years||35%|
|Four consecutive claim-free years||45%|
|Five consecutive claim-free years||50%|
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:
Contact Details of Oriental Car 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
b) In case of Third Party Claims
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.