Overview of Oriental Car Insurance Policy

As you already know, having a car insurance plan comes with added benefits. Since the Motor Vehicles Act, 1988 has made it mandatory for all registered vehicles to have insurance, many car insurance companies have joined the race with attractive plans. Among them, Oriental Insurance Company has marked its existence by offering rewarding insurance services.  They offer oriental car insurance online as well.

Let’s have a look at Oriental Car Insurance:

Read more


Compare & Save upto 85%* on Car Insurance
Processing
Get Car Insurance starting
@ only 2094/year#
  • Renew Policy In2 Minutes

  • 20+ Insurers To Choose From

  • 51 Lakh+ Vehicles Insured

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Car Insurance Premium Price

New India Assurance

Cashless Garages

253

Plan type

Comprehensive

Starting from

₹ 2,727

Check premium
Claim Advantage
  • Self-Video Claims
  • Reimbursement Within 7 Working Days For Non-Cashless

National Insurance

Cashless Garages

268

Plan type

Comprehensive

Starting from

₹ 2,757

Check premium
Claim Advantage
  • Self-Video Claims
  • Reimbursement Within 7 Working Days For Non-Cashless

Bajaj Allianz

Cashless Garages

1024

Plan type

Comprehensive

Starting from

₹ 2,868

Check premium
Claim Advantage
  • Spot Claims Upto Rs. 30,000
  • Repair service at select cashless garages

DIGIT

Cashless Garages

Repair Anywhere

Plan type

Comprehensive

Starting from

₹ 2,962

Check premium
Claim Advantage
  • 6-Month Repair Warranty
  • Advance claim payment
  • Free Pick-up & Drop

Oriental Insurance

Cashless Garages

258

Plan type

Comprehensive

Starting from

₹ 3,005

Check premium
Claim Advantage
  • Self-Video Claims
  • Reimbursement Within 7 Working Days For Non-Cashless

DIGIT

Cashless Garages

Repair Anywhere

Plan type

Third Party

Starting from

₹ 2,094

Check premium
Claim Advantage
  • Covers damages to third party property
  • Covers damages to third party person

Bajaj Allianz

Cashless Garages

1024

Plan type

Third Party

Starting from

₹ 2,094

Check premium
Claim Advantage
  • Covers damages to third party property
  • Covers damages to third party person

Oriental Insurance

Cashless Garages

258

Plan type

Third Party

Starting from

₹ 2,094

Check premium
Claim Advantage
  • Covers damages to third party property
  • Covers damages to third party person

National Insurance

Cashless Garages

268

Plan type

Third Party

Starting from

₹ 2,094

Check premium
Claim Advantage
  • Covers damages to third party property
  • Covers damages to third party person

New India Assurance

Cashless Garages

253

Plan type

Third Party

Starting from

₹ 2,094

Check premium
Claim Advantage
  • Covers damages to third party property
  • Covers damages to third party person
See more plans

Above-mentioned prices are for a 7-year-old Maruti WAGON R AVANCE LXI (998 CC) registered in Gurgaon and 15 days before expiry of previous policy

Oriental Insurance Car Insurance: In and Out

Car insurance offered by The Oriental Insurance Company is of two types:

Third Party Car Insurance: The policy provides coverage against any liability claims made by a third-party in the event of an accident. This plan includes liabilities arising out of an injury, death or property damage to a third-party, hence doesn’t cover the insured vehicle.

Comprehensive Motor Insurance: Apart from Third-Party Liability cover, this plan protects your vehicle in the following situations:

  • Accidental damages.
  • Fire, explosion, self-ignition, lightning.
  • Natural calamities such as flood, earthquake, storm, landslide, rockslide, riots, strike, terrorist activity etc.
  • In case of thievery
  • Damages during transit.
  • In-transit damages suffered by the vehicle

Features:

  • Cashless Claim Settlement: The insured can avail cashless claim facility at the network garages across the country.
  • It offers a discount of up to 5% on the premium of Own Damage against Automobile Association Membership.
  • Accidental Cover /Customer Support: An additional discount of 25% on the TP Premium and OD Premium can be availed in case the car was manufactured prior to 31.12.1940 and is duly authorised by Vintage and Classic Cars Club of India.

What Are Covered Under Oriental Car Insurance

  • Damage to your vehicle due to an accident
  • The policy bears third-party liabilities arising out of injury, death or damage to a third-party and where the insured vehicle is at fault.
  • Natural disasters like fire, lightning, explosion, flood, earthquake, landslide, rockslide, typhoon, hurricane, cyclone, tempest, hailstorm etc. are covered.
  • Man-made calamities like theft, burglary, riot, terrorist activity, strike, accident by outer means, damage during transportation by rail, road or waterway, elevator, lift etc.

Exclusions- Incidents That Aren’t Covered By the Policy

  • Damage owing to an accident when the driver is driving without a valid license, or driving under the influence of alcohol or other sedative drugs.
  • Mechanical /electrical failure.
  • Damage caused during the war, or nuclear attack.
  • If the car value depreciates according to market scenarios or any damage due to other external factors.
  • If the accident occurs outside India, the expenses incurred will not be covered. However, by paying an additional premium, you can cover the vehicle for Nepal, Bangladesh, Bhutan, Maldives and Pakistan.
  • If tyre or tubes of the car are damaged (unless it is an accidental damage that assures up to 50% liability of the total value.)

 Additional Coverage from Oriental Insurance

 

 Zero Depreciation Cover:

In case a claim is made for partial damages, with a zero depreciation cover, you will be reimbursed the full value of the damaged car parts without the calculation of depreciation rate.

Loss of Personal Items:

Maximum of Rs 5000 to Rs. 10,000 is payable against the loss of personal items. However, it excludes money, laptops, credit cards, electronic items etc. The list of losses covered by the policy is generally mentioned in the policy document, but the insured will be charged an additional premium to avail this.

Alternative Car Advantage:

In case of an accident, the insured will be facilitated with a replacement car which he/she can use for up to 15 days while the insured car is being repaired You can avail this facility only if the vehicle is damaged to at least 20% of IDV and is unable to function.

Avail Emergency Service Free of Cost:

If the car is insured at any of the offices of Oriental Insurance Company in NCR, Haryana, Punjab, Rajasthan, Himachal Pradesh, Mumbai, Kolkata or all South Indian states, you can avail emergency services free of cost as per the policy provision.

Car Insurance Premium & Factors Affecting the Premium Rate

There are a few factors that affect the premium of Oriental Car Insurance. They are:

Insured Declared Value or IDV of the Car:

Insured Declared Value, or IDV, is the present market value or the manufacturer’s listed selling price of the car. This is the maximum amount paid by the insurer to the insured when a total-loss claim is made. If you choose a higher IDV, you may have to pay a little more premium.

Capacity of the Car Engine: The cubic capacity of a vehicle’s engine plays an important role in deciding the premium. When IRDA decides the premium for third party liability insurance, it is done on the basis of the cubic capacity of the engine.

Zone of Registration of the Vehicle: The location where the car is registered is also influential. If the area of registration is prone to risks, the insurer may ask for a higher premium.

Age of the Car: Age factor matters a lot. The insurer demands a higher premium for the vehicle that is older than for a brand new car.

Final Word!

Apart from these, the insurance company decides car insurance premium by considering other factors as well.  For accessories or any LPG/CNG kit that you recently got fitted in the car would lead to an extra premium. Add-on cover means you will have to bear an extra amount. But, if you are getting good benefits in return, then paying a little wouldn’t harm you. Remember, you should analyse your needs and opt for an insurance plan in a calculative way.

Written By: PolicyBazaar - Updated: 12 July 2021
You May Also Like
  • Transferring Car Insurance from One Person to Another

    Transferring Car Insurance from One Person to Another An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance transfer to the new owner. But sadly, most people have...

    read more
  • 9 Secrets That Your Motor Insurance Provider Won’t Tell You

    9 Secrets That Your Motor Insurance Provider Won’t Tell You Due to the dangerous driving conditions, it is compulsory to have third party insurance for every vehicle plying on Indian roads. It ensures the overall saf...

    read more
  • Money Saving Advice for All Car Owners

    Money Saving Advice for All Car Owners After a dream home, a dream car is your second-largest purchase that you make in your lifetime. But the expense does not cease when you drive off the car dealer's lot. Read mor...

    read more
  • Difference Between Comprehensive Insurance and Third Party Insurance

    Difference Between Comprehensive Insurance and Third Party Insurance Comprehensive insurance is insurance coverage that pays for the repair or replacement of vehicle damages resulting from an incident. Comprehensive ca...

    read more
  • Types of Motor Insurance

    Types of Motor Insurance The word Motor broadly covers a lot of classes of vehicles plying on the roads. These may be two-wheelers like scooters and motorbikes, three-wheelers or four wheelers like private cars, jeeps, ...

    read more

Find similar car insurance quotes by body type

Hatchback Sedan SUV MUV
insurance-ka-superhero
Search
Car insurance save up to 85
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Calculate your car IDV
IDV of your vehicle
Calculate IDV
Calculate Again

Note: This is your car’s recommended IDV as per IRDAI’s depreciation guidelines.asdfsad However, insurance companies allow you to modify this IDV within a certain range (this range varies from insurer to insurer). Higher the IDV, higher the premium you pay.

Policybazaar lets you compare premium prices from 20+ Insurers!
Compare Prices

Why buy from Policybazaar?

  • 24x7 Claims Assistance
    NEW
  • Cashless Assurance
  • 3-Day Repair Assurance
  • Free Pickup & Drop
  • Self Video Claims
  • Windshield Claims At Home
View Plans

Car insurance articles

Recent Articles
Popular Articles
Is Suspension Covered Under Car Insurance?

29 Jun 2022

A car's suspension helps to maximise the friction between the...
Read more
Know All About Vintage Car Registration Process

28 Jun 2022

No car can beat the beauty of a classic vintage car cruising on...
Read more
How to Save Your Car During Monsoon with Add-On Insurance Covers?

24 Jun 2022

Rains in India are mostly witnessed during the monsoon season. The...
Read more
Know About NCB Certificate in a Car Insurance

21 Jun 2022

With your car insurance policy, you get an additional benefit of a...
Read more
Know Everything About Endorsements in Car Insurance Policy

20 Jun 2022

When you buy a car insurance policy from an insurer, your policy...
Read more
Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
Losing important documents, such as your car insurance documents, can be daunting. In such a state of affairs, the...
Read more
Multiple Ways To Check Your Car Insurance Status Online
All insurance companies in India now have a digital presence. It not only makes it easier to buy insurance online...
Read more
Check Car Insurance Status Online on Parivahan Sewa/ RTO?
In India, buying car insurance is a compulsion for every car owner. It doesn’t matter if you are an excellent...
Read more
Transferring Car Insurance from One Person to Another
An integral part of selling a car, for both the buyer and the seller, is ensuring a successful car insurance...
Read more
Car Depreciation Calculator
If you are looking to purchase a new car or planning to sell your existing one, it is important to know how...
Read more