Insurance is like a spare tyre. You may not require it, but not having one is not an option.
  • Oriental Car Insurance

     4.0 / 5.0   by 65 users
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    Policy Coverage

    Customer Service

    Claim Experience

    Cashless Garages

    The Oriental Insurance Company Ltd was incorporated at Bombay on 12th September 1947. The Company was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out General Insurance business. ORIENTAL with its head Office at New Delhi has 30 Regional Offices and nearly 1800+ operating Offices in various cities of the country.


    Key Benefits of Oriental Car Insurance

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    So you’re stranded almost nowhere

    Cashless Claim Networks

    Direct Cashless Claim settlement in network garages across India

    Don’t we love a good discount?

    Discounts

    Automobile Association Membership Discount -Discount of 5% on the Own Damage premium subject to a maximum of Rs. 200/-

    Help is always at hand

    Accidental Cover /Customer Support

    Cars manufactured prior to 31.12.40 and duly certified by the Vintage and Classic Cars Club of India - A discount of 25% on the OD Premium & TP Premium


    Add-on Covers for Oriental Car Insurance

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    Depreciation cover for Oriental Car Insurance

    Depreciation Cover

    Liability to third parties, Personal Accident cover to owner-driver

    Invoice price cover for Oriental Car Insurance

    Third Party Cover

    compensation for personal injuries to third parties is unlimited, property damage is limited to Rs.6,000 only. This limit can be enhanced on payment of additional premium.

    Personal Accident cover for passengers

    Personal Accident Cover

    Personal accident cover for the owner driver for a specified sum insured.we alleviate the inconvenience by allowing benefit for use of an alternative vehicle for a limited period of time of 5,10 or 15 days with per day limit of Rs.400 or Rs.650

    *These Features may be included as part of different products and are subject to the insurer's terms & conditions.

    Inclusion & Exclusion in Oriental Car Insurance

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    No capers without the required papers!

    Inclusion

    Electrical / Electronic Fittings which do not form part of the vehicle manufactured and imported have to be specifically covered separately by paying additional premium of 4% on the value of such fittings

    Drink OR drive. There’s only one choice

    Exclusion

    Damage, outside India unless covered by extra premium for Nepal, Bhutan & Bangladesh, Pakistan, Sri Lanka &Maldives

    *These Features may be included as part of different products and are subject to the insurer's terms & conditions.

    Oriental Car Insurance Policy Highlights Updated on 23 Oct 2017

    Features Specifications
    Third Party Cover Upto 7.5 L
    Incurred Claim Ratio* 68.68%
    Net Earned Premium* 295944

    *For Year 2015-2016

    Benefits of Oriental Car Insurance

    Overview

    Oriental Insurance

    In India, the Oriental Insurance Company Ltd is a well-known name that has been serving the Indian populace since 12th September 1947, the year of it's foundation. The company started off as a fully owned subsidiary of the Oriental Government Security Life Assurance Company Ltd, and in turn was a subsidiary of Life Insurance Corporation of India (LIC) from 1956 to 1973. In 2003, all the shares in the company that was held by the General Insurance Corporation of India has been transferred to the Central Government of India.

    The Oriental Insurance Company Ltd is headquartered at New Delhi. There are 30 regional offices and 1800+ operating offices across the country. The company also operates overseas in Nepal, Kuwait and Dubai while listing 14,000+ highly qualified and technically competent employees on it's rolls. From humble beginnings- at just under a lakh rupees at inception, the Gross Premium as managed by the company has reached a staggering Rs.7282.54 crores in the financial year 2013-14. Oriental specializes in providing special covers to large scale projects like power plants, steel plants, etc. while also providing niche products to attend to the specific requirements of the urban and rural population of India.

    Private Car Package Policy from Oriental Insurance Company Ltd

    For many of us, buying a car is a long drawn, meticulously planned event that justifies our stand as a financially independent individual. However, the perils that could befall your cherished vehicle are many. For such scenarios- and to ensure that you don’t lose your hard earned money over unintentional loss or damage caused to your car, theft, or the involvement of your vehicle in accidents that could have caused injury, loss of property or death of a third party- Oriental brings you a comprehensive and simple to execute car Insurance product. Oriental brings you the convenience of buying a robust Motor Insurance policy at the click of a button- and it takes all of 5 minutes!

    Sum Insured per the Oriental Private Car Package Policy

    The sum insured will be the Insured Declared Value (IDV) of the vehicle. Herein, the IDV for vehicles that are less than five years old is the manufacturers’ listed selling price that is suitably adjusted for deprecation depending upon the age of the vehicle, and in accordance with set norms. The IDV for vehicles that are older than five years is decided to be a mutually agreed upon value.

    The tenure of this car insurance policy is 1 year, however coverage for shorter durations is also available.

    Incidents Covered Under the Private Car Package Policy

    • Damage or loss of vehicle that is caused accidentally.
    • Third Party Liability wherein your vehicle was involved in an accident that caused loss, damage to property and/or injury, death to a third party.
    • Natural Mishaps: Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.
    • Man-made: Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air, etc.

    Exclusions- Incidents that aren’t covered by the Policy

    • Damage caused to vehicle when the driver wasn’t carrying a driver’s license, and/or driving under the influence of alcohol or other mood/mind stimulating substances.
    • Mechanical or electrical breakdown or failure.
    • Damage to vehicle by war, mutiny or nuclear attacks.
    • Depreciation in line with the market scenarios and other external conditions.
    • Damage incurred while the car was operational outside India- unless covered by additional premium for Nepal, Bhutan, Bangladesh, Pakistan, Sri Lanka and Maldives.
    • Vehicle was utilised as part of an agreement that isn’t suitably communicated to the insurer, including being used for hire or reward, speed tests, reliability trials, pace setting, racing, and any scenario involving motor trade.
    • Damage caused to the tyres and tubes of the car- unless the damage occurred in an accident that ensured a liability of upto 50% of the overall value.

    Additional Coverage from Oriental

    NIL Depreciation Cover In cases of claims of partial damages to the vehicle, full value of the damaged parts shall be insured without taking into account the depreciation value
    Loss of Personal Effects The loss of personal items excluding monies, credit cards, laptops and mobile phones, are subject to a maximum payment of Rs.5000 or 10,000, payable when the loss is listed under the own damage section of the policy. An additional premium of Rs.400-650 is charged to avail this cover.
    Alternative Car Benefit Due to the accident/theft of your vehicle, you might have to use an alternative vehicle to meet your travel demands. Utilise the alternative vehicle for a duration of 5, 10 or 15 days with a daily limit of Rs.400 or Rs.650 in accordance with the premium charged. This benefit is applicable when your car is damaged beyond 20% of IDV and is disabled.
    Free Emergency Services from TVS If your vehicle is insured at any of our offices in Delhi & NCR, Punjab, Haryana, Himachal Pradesh, Rajasthan, All Southern States, Mumbai or Kolkata, then your policy has a provision for FREE emergency services in the case of a breakdown.

    In Conclusion, Oriental Private Car Insurance Package Policy is a well-rounded motor insurance cover for your cherished set of wheels that ensures that you are protected against all the major mishaps and unfortunate occurrences. The ease of purchase, the expert customer service network and the inclusion of many perks, makes this the ideal motor insurance for you. Why wait? Act Now!

    FAQs – Oriental Car Insurance

    1. What are the add-on covers gained by paying extra premium(s) towards an Oriental Car Insurance?
      1. NIL Depreciation Cover:

        If you claim for partial damages to your car/bike, the complete cost of parts will be compensated. There is no need to apply for depreciation concerning this. But some deductible as per the Oriental Car Insurance policy terms will be charged.

      2. Loss of Personal effects

        In case of accidental damage or theft, loss of personal items costing no more than INR 10,000 (not credit cards, PCs or mobiles) will be compensated. This additional cover offered by Oriental Car Insurance will cost you only an extra premium of INR 400 for limit of INR 5000 and INR 650 for limit of INR 10,000.

      3. Alternative Car Benefit

        Contingencies like accidents or thefts deprive you of the usage of insured vehicle. By taking extra premiums from you, the insurance company will provide you with another (similar) vehicle for a specific period of time. It could be from 5 days to 15 days depending on the premium amount. This is applicable only if the vehicle damage is more than one-fifth of the IDV paid and is in no condition to be used.

      4. Free Emergency Service through TVS

        If your vehicle is indemnified through Oriental insurance branches in Delhi & NCR, Haryana, Punjab, Rajasthan, Himachal Pradesh, Kolkata, Mumbai and all South Indian States, you can avail free emergency services if your vehicle breaks down. No premium is levied for this.

    2. Can I apply for Oriental Car Insurance if accident to my vehicle was caused by a person driving without a valid license?

      No. Not even if you as the owner of the vehicle have an invalid driving license. No insurance cover can be claimed if the person driving does not have a valid driving license as Oriental Car Insurance has always condemned irresponsible driving.

    3. Do I have to close the existing insurance and buy a new one in case of relocation?

      Some motor insurance companies do insist on switching automobile insurance as insurance procedures and premium calculations can vary slightly from state to state. But Oriental insurance has a more centralized approach and makes renewal of existing policy in another state very much possible. You need to fill in a fresh proposal form. Remember that the slightest error can result in claim denial. The specific branch can request for personal inspection of your vehicle and also insist on other formalities as per the situation. Please get in touch with the nearest branch for further assistance.

    4. Can I choose the amount of insurance?

      No. Usually, the sum of Insurance will be based on the Insured Declared Value of your bike/car, also called as IDV. If your vehicle is fairly new (i.e. less than 5 years old), the Oriental bank will count the Manufacturer’s registered selling price as the IDV. This can be subjected to change with deprecation on the basis of age of your vehicle. For all automobiles older than 5 years and other outmoded (second hand) ones, the IDV is a jointly agreed sum between the owner and the insurance company.

    5. How is the Oriental Car Insurance premium calculated?

      There is no fixed premium for any Oriental Car Insurance as it is purely based on various factors such as the IDV, vehicle’s cubic capacity, area of registration and whether the vehicle is old or new (more or less than 5 years old). For use of extra electrical and electronic fittings like music stereo, fog lights, GPS etc (anything that is not fixed by manufacturers), extra premium is to be paid for cover. Extra premium (with added benefits of course) will also apply for the use of CNG/LPG fuel or if you want add-on cover and other additional benefits.

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    News About Oriental Car Insurance

    • Delay In Reporting A Loss Equals Claim Rejection

      Delaying up the news of a stolen vehicle to the concerned insurance authorities could prove to be a costly mistake. An example for this axiom emerged recently wherein a consumer forum rejected the insurance claim of a man who hadn’t reported his loss to the concerned insurer for 46 days. This inordinate delay stole from the insurer the opportunity to properly investigate the claim in line with the tenets laid out in the motor insurance documentation and thus, the ensuing denial was deemed completely justified. The claimant, Mr. Naveen from Delhi, should have ideally informed, Oriental Car Insurance Company, about his loss at the earliest possible opportunity, thereby avoiding this very costly oversight.


      3rd February 2015

    GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

    Oriental Car Insurance Reviews

  • Page 1 of 4 1 2 3 4
    • Oriental Insurance Car Insurance
      "average service"
      0.5 3.0/5 "Satisfactory"
      Once I got my alto I got a call from ORIENTAL bank representatives regarding my car insurance service they completed the process very quick and they were not needed with my documents because already showroom have my documents so it was easy process and early I use to pay 18 % through my credit card I will say the overall service is average from ORIENTAL.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • Oriental Insurance Car Insurance
      "Excellent policy to use"
      0.5 5.0/5 "Blown Away!"
      The Oriental 4 wheeler insurance has the tie up with Maruthi . The customer service is good with oriental . I hold the Oriental car insurance for past 3years. I got the claim experience is good with this policy. The cashless garages option is available with this policy.
      Was this review helpful? 0
      , greater noida
      Reviewed on Oct 15, 2017
    • Oriental Insurance Car Insurance
      "Good policy"
      0.5 5.0/5 "Blown Away!"
      Recently I have insured my car with Oriental insurance company. I paid Rs,14.000 to get this policy. The policy coverage is good with Oriental. The cashless garages option is also available with this policy. I don't have any claim experience so far.
      Was this review helpful? 0
      , nagpur
      Reviewed on Oct 10, 2017
    • Oriental Insurance Car Insurance
      "average service"
      0.5 3.0/5 "Satisfactory"
      Service is very good from ORIENTAL service ,representatives and customer service was also very helpful and responsible but I feel their process was little slow even the representatives where also not much helpful during some time ,still the overall service is average from ORIENTAL .
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 03, 2017
    • Oriental Insurance Car Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have insured my car with the Oriental insurance company and the services are good one. Coverage value of the vehicle is also good one for me and the response is also fine one with them. I have not faced any claims with them.
      Was this review helpful? 0
      , patna
      Reviewed on Sep 28, 2017
    • Oriental Insurance Car Insurance
      "OBC car insruance"
      0.5 3.5/5 "Pretty good"
      OBC car insurance is very good i can recommend this policy to anyone I am holding this insurance for a period of 3.5 years annually i pay some insurance for this insurance and it is very much nominal too.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 23, 2017
    • Oriental Insurance Car Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have insured my four wheeler insurance policy with the Oriental insurance company and am having it from the month of August. Response is good one and the customer service is good one and the coverage value is around 3 lakh Rupees.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 20, 2017
    • Oriental Insurance Car Insurance
      "Benefits are great"
      0.5 5.0/5 "Blown Away!"
      My car insurance is with Oriental insurance, though it has a higher premium of 5K per year, the benefits are excellent. What ever might me the claim, be it for a glass change or any thing that goes wrong with the vehicle, the insurance will take care. It is a debt cap policy and there is also road side assistance and there is a wider garages network.
      Was this review helpful? 0
      , jalandhar
      Reviewed on Aug 30, 2017
    • Oriental Insurance Car Insurance
      "Better Policy to use"
      0.5 4.0/5 "Great!"
      I hold a 4 wheeler insurance policy from 2012 with Oriental insurance. I paid Rs.2700 to renew the policy. One of my friend is an agent with Oriental insurance company so ,he reminds me to renew the policy on time. The plan benefits and the policy coverages are good with policy. The cashless garages options is available with this policy. I never had any claim experience with oriental insurance.
      Was this review helpful? 0
      , chittorgarh
      Reviewed on Aug 14, 2017
    • Oriental Insurance Car Insurance
      "Good Insurance policy"
      0.5 4.0/5 "Great!"
      I recently got Oriental insurance policy for my car. I paid Rs. 28,000 to renew the policy. I don't get any kind of notifications to renew the policy before the due date. I never had any claim experience so far. I am happy holding a Oriental insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 10, 2017
    • Oriental Insurance Car Insurance
      "NOT SATISFIED"
      0.5 2.0/5 "Expected more"
      I have insured my car with the Oriental insurance company and the claim value is nil with them he premium is around 6000 Rupees per annum and and this amount initially i was paying 6k later the rate went down at last I had payed 3700 and the details I have no idea about it about the service claiming parts.
      Was this review helpful? 0
      , tinsukia
      Reviewed on Jun 07, 2017
    • Oriental Insurance Car Insurance
      "Descent"
      0.5 4.0/5 "Great!"
      I have car insurance policy with the Oriental insurance company and the coverage value is around 6 lakh Rupees. Depreciation value is also good one with them and they have provided third party coverage and I have not faced any claims with them till now.
      Was this review helpful? 1
      , satara
      Reviewed on May 24, 2017
    • Oriental Insurance Car Insurance
      "Good policy "
      0.5 4.0/5 "Great!"
      I am using Oriental insurance company for all my 3 different cars, I paid around Rs.15,000 for my ford i20, they do remind me the renewal date through mails and text messages and I had a claim experience with Oriental it was good and they have done a cashless garages and I got the claim within 3 days of time . Good policy with oriental bank.
      Was this review helpful? 0
      , greater noida
      Reviewed on May 06, 2017
    • Oriental Insurance Car Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken the four wheeler insurance policy with the Oriental Insurance company. I am paying around 58000 Rupees annually and you get claime of 30 to 35% If something happens to your car before claiming the executives comes and takes a photo and then you need to proceed.The premium has to be renewed every year.
      Was this review helpful? 0
      , dhule
      Reviewed on May 04, 2017
    • Oriental Insurance Car Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      The service provided was very good with Oriental Insurance.They are very good in response provided to the customers Premium is around 34000 Rupees for claiming directly you have to take your to them first you have to claim with your amount later after 3 to 4 months you will receive the cheque for which you have claimed the amount.
      Was this review helpful? 0
      , dhule
      Reviewed on May 04, 2017
    • Oriental Insurance Car Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I have insured my car with the Oriental Insurance and the services were good with them. Response is good and they used to make the calls to customers by intimating offers and all. Premium is around 22000 Rupees Initially the amount was 15000 rupees now they have increased and till now I have not claim any amount
      Was this review helpful? 0
      , dhule
      Reviewed on May 04, 2017
    • Oriental Insurance Car Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      This is all about my car insurance which I had taken very recently. Response is good with them and am paying the premium is around 18000 Rupees Initially insurance amount was low like 12000 something but as per government rates they have increased. Till now I haven't claim anything since iam new.
      Was this review helpful? 0
      , dhule
      Reviewed on May 04, 2017
    • Oriental Insurance Car Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The premium what I pay on my Oriental bank of commerce is around 24k It provides coverage only for fiber . Other parts would not be covered. I prefer to make the payment online for this insurance. It was once I met with an accident where the front portion of my car was damaged badly , the next minute I called their support team they inspected ,took my car to the showroom repaired the damaged parts and returned the car back to me within 2 hours of time.
      Was this review helpful? 1
      , sangli
      Reviewed on Apr 12, 2017
    • Oriental Insurance Car Insurance
      "Its beneficial for customers"
      0.5 3.0/5 "Satisfactory"
      Oriental car insurance is fine, they are providing cover for bumper to bumper after 3 years too. When the car is older than 3 years they are providing bumper to bumper . I am supposed to pay a premium of 34k and I pay this premium on a yearly basis .The only disadvantage is, they all are Government employees.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 05, 2017
    • Oriental Insurance Car Insurance
      "Good coverage "
      0.5 4.5/5 "Excellent!"
      I took my car insurance with Oriental Insurance as my car was Celerio and the showroom had the tie up with them. It is a comprehensive insurance cover offering a very good coverage for driver, pillion as well as third party. The coverage is 100% with no depreciation taken into account. I paid it by cash and will pay through online payments from the next time.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jun 25, 2016
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