Oriental car insurance offers 2 car insurance plans. The premium of these plans starts from Rs. 1994/yr. Details of the comprehensive coverage provided by the following 2 Oriental car insurance plans are listed below:
Starting Premium- ₹ 3,005/yr
There are types of Oriental Comprehensive plans
A comprehensive car insurance policy is a policy which offers a wider scope of coverage. The policy covers the mandatory third-party liability and also the damages that the car itself suffers. Coverage under the plan is, therefore, allowed for the following contingencies
There is also a personal accident cover which covers the owner/driver of the car against accidental deaths and disablements. The cover is available for INR 15 lakhs and it pays a lump sum benefit if the owner/driver of the car suffers an accidental death, permanent total disability or permanent partial disability.
Moreover, if you buy the policy from the branch of the company located in Delhi, Haryana, Punjab, Rajasthan, Himachal Pradesh, South Indian states, Mumbai or Kolkata, free emergency services would be allowed if your car breaks down. The company would give you free towing facilities to take your car to the nearest garage.
Starting Premium- ₹ 1,994/yr
There are types of Oriental Third Party plans
A liability-only policy is mandatory as per the rules stated in the Motor Vehicles Act, 1988. This policy covers the legal financial liability which the car-owner faces if the car causes third party injuries or property damage. Third-party is considered to be an individual apart from the insurance company and the owner of the car. Liability only policies cover the following instances
Coverage for death is unlimited but for damage to property, coverage is limited to INR 7.5 lakhs.
Premiums of liability only policies are fixed by the Insurance Regulatory and Development Authority of India (IRDAI). They depend on the engine capacity of the car and the coverage duration. As per the latest changes made by the IRDAI, for new cars bought on or after 31st September 2018, the liability only policy would have to be taken for three consecutive years. Older cars, however, can opt for a one-year coverage only. The premiums for both these durations have also been specified by the IRDAI.
They are as follows
|The cubic capacity of the car
|The third-party premium for one year term
|The third-party premium for a three-year term
|Up to 1000 cc
|1001 cc to 1499 cc
|More than 1500 cc
Add-ons are additional coverage benefits which can be chosen voluntarily by paying an additional premium. Add-ons help increase the scope of coverage of the Car insurance policy. Oriental Car insurance plans offer the following types of add-ons with the comprehensive policy:
Comprehensive Oriental car insurance policies allow you optional coverage benefits which are called add-ons. These add-ons are available at an additional premium and you can choose as many add-ons as you want with the basic policy. The add-ons available under Oriental car insurance plans are as follows –
Depreciation of the car and its parts are not covered by the policy. When the car is damaged and is sent for repairs, the parts of the car can undergo replacement or repair. In that case, when paying a claim, the insurance company deducts the applicable depreciation from the parts which have been repaired or replaced. The rate of depreciation which is deducted depends on the parts of the car and is as follows
|Types of parts of the car
|Rate of depreciation applicable
|Rubber, plastic or nylon parts
|Tyres and tubes
|As per the depreciation of the Insured Declared Value of the car
Since the depreciation is deducted, the claim amount becomes low and you have to pay the deducted cost out of your pockets. This is where the Nil Depreciation add-on comes to the rescue. This add-on nullifies the applicable rate of depreciation and the insurance company pays you the full cost of the parts of the car which have been repaired or replaced.
Oriental car insurance plans, whether liability-only policies or comprehensive policies, do not cover the following types of claims
There are three types of claims which can incur in an Oriental car insurance policy. These claims and their process are listed below
There is another way to get the claims of your car insurance plans settled. This is through Turtlemint. If you are an existing Turtlemint customer, you can simply call the company at 1800 266 0101 and inform it of the claim. You can also send an email at email@example.com to intimate the company of your car insurance claim. Once informed, Turtlemint’s claim department would work on your claims on your behalf. They would follow all the necessary steps and ensure that you get the settlement of your claims at the earliest.
Customer Care Number
Renewal of Oriental car insurance plans can be done by paying the renewal premium. This premium can be paid directly at the office of the company or online on the company’s website. You can also renew the policy through Turtlemint if you are an existing customer. Just pay the renewal premium and the policy would be renewed instantly.
Documents required for renewing Oriental car insurance:You would have to submit the following documents to buy or renew Oriental car insurance plans
Oriental car insurance policies allow premium discounts for the following
The no-claim bonus which is available under Oriental car insurance policies depends on the number of successive claim-free years. The rates are as follows
|Number of successive claim-free years
|No claim bonus available
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