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:
Oriental Insurance Car Insurance: In and Out
Car insurance offered by 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.)