Oriental General Insurance Company | Fincover

Oriental Insurance was incorporated in 1947. The company acted as a subsidiary for Life Insurance Corporation of India from 1956 to 1973. In 2003, all shares of the company held by General Insurance corporation of INdia was transferred to the Central Government. The company has developed various products that cater to the needs of rural and urban population in India. Apart from retail segment, Oriental also offers excellent cover for large industries such as power plants and steel plants

Oriental insurance is headquartered at New Delhi and has nearly 1800 branches across various cities in the country. The company has an employee strength of around 13500.

Vision

They aspire to be the de facto destination for all things related to Insurance solutions and give their customers a world-class insurance experience.

Mission

Provide customers with innovative products that meet their expectations.
Offer incomparable customer service.

Awards

• Best BFSI Brands of 2021
• ET award for Prompt GI Compact Category in the year 2020
• Celent Model Insurer Asia Award

Oriental Insurance Car Insurance

• At Oriental Insurance, You can find Third Party Insurance and Package Policy for your cars. 
• Third Party Insurance covers the damage of the third party vehicles/ person.
• Package Policy covers your own vehicle in addition to protecting the third party liability as well.

The Amount of insurance is the IDV of the vehicle. IDV is the Insured declared value. IDV for vehicles less than 5 years old is the selling price listed by the manufacturer, adjusted by depreciation on age of vehicle. For vehicles older than 5 years, IDV is the mutual agreement between the insurer and insurance holder.

How is the Premium calculated?

Premium is determined by the following factors

• IDV of the vehicle

• Cubic Capacity of the vehicle

• Zone of Registration

• Age of Vehicle

• Nil Depreciation Cover

  With this add-on, in claim of partial damages to the vehicle, the full value of the parts damaged will be indemnified without depreciation.

• Loss of Personal Effects

  Loss of personal effects to the maximum of Rs. 5000 or Rs. 10000 as per you needs, may be selected. The loss (except money, cell phone, credit card, laptops) will be paid under own damage.

• Alternative Car Benefit

  At a time when your car is rendered unusable after an accident, you may receive an alternative car for a stipulated period, with per day limit of Rs. 400 or Rs. 650.

• Free Benefit of Emergency Service through TVS

  Free emergency services if the car suffers a breakdown. Applicable for policies bought in the states of Delhi, Punjab, Haryana, Himachal Pradesh, Rajasthan, All Southern States, Mumbai and Kolkata. It is a free benefit.

Oriental Two Wheeler Insurance

At Oriental Insurance, You can find Third Party Insurance and Package Policy for your Two  Wheelers. 

Third Party Insurance covers the damage of the third party vehicles/ person

Package Policy covers your own vehicle in addition to protecting the third party liability as well. SInce, the package offers dual benefit of own damage cover along with third party cover, a lot of people prefer buying Package Policy at Oriental Insurance.

What is Covered in a Package two wheeler insurance policy?

Reimbursement Claim Process

• Accidental Loss or Damage to the vehicle
• Third Party Liability
• Burglary, House, Theft
• Fire or any kinds of explosion
• Natural Disasters

Exclusions

• Driving without a valid license
• Mechanical or Electrical failure
• Driving under the influence of Alcohol or any drugs
• Depreciation/Consequential Loss
• Vehicle being used for any illegal activities
• Damage outside India

Oriental Health Insurance

Health Insurance is one of the top priorities of people as it helps them meet medical expenses. At Oriental Health Insurance, you can find a diverse range of health insurance products for people from all segments of the society.

• Oriental Mediclaim Policy for Individuals

  Sum Insured (SI) available from Rs.1 lac to Rs.50 lacs.

• Happy Family Floater Policy

  Sum Insured from Rs.1 lac to Rs. 50 lacs, Minimum of two persons shall be included in the policy.

• Mediclaim Insurance Policy for group

  Available for any group with more than 50 persons/families.

• Health of Privileged Elders

  For senior citizens aged 60 and above. Sum Insured 1 lac, 2 lac, 3 lac, 4 lac and 5 lacs available.

• Jan Arogya Bima Policy

  This policy provides for Hospitalisation and Domiciliary hospitalization up to Rs 5000/- per person per annum without any inner limits.