Oriental Car Insurance: Coverage, Benefits, Premium & Claim Process Explained

Table of Contents

• Oriental Car Insurance: Coverage Details
• Benefits of Oriental Comprehensive Car Insurance
• Oriental Car Insurance Claim Settlement Process
• Documents Required for Claim
• Oriental Car Insurance Premium Calculation Factors
• Conclusion
• Frequently Asked Questions (FAQs)

Oriental Car Insurance: Coverage Details

Mentioned below are the coverages provided by the Oriental car insurance plan to the policyholders.

• Damage caused to the policyholder’s vehicle
• Damage caused to the third party through the insured vehicle
• Damage due to natural disasters, such as floods, cyclones, hurricanes, or earthquakes
• Vehicle damaged or stolen because of terrorist activity
• Damage to the insured vehicle because of fire explosion

Benefits of Oriental Comprehensive Car Insurance

The policyholders can explore the following benefits under the Oriental comprehensive car insurance policy:

• Cashless repairs all over India with an expanded network of 3100+ garages for hassle-free and quick claim settlement
• Personal accident coverage to a limit of Rs. 15 lakhs
• 24/7 emergency assistance and customer support
• Better customer satisfaction with 91.76% claim settlement ratio
• Multiple add-ons covers for enhanced coverage by oriental insurance company
• A rating of AAA accreditation by CRISIL

Oriental Car Insurance Claim Settlement Process

Follow the step-by-step process discussed below for a hassle-free and quick claim settlement with oriental insurance company:

Step 1: Raise a Claim Request

Inform the company as soon as possible about the accident through their toll-free number. You must send images of the car’s damaged parts using the registered email ID mentioned in the policy document.

Step 2: Inspection

After the claim request is registered, a surveyor from the Oriental Insurance Company will visit you to monitor the damage. This is a crucial step when claiming insurance.

Step 3: Send Your Car for the Repair

After the inspection, the damaged car will be sent to the company network garage located nearest to your location for cashless repairs. In this situation, the company also provides towing services.

Step 4: Claim Settlement

The car will be repaired with all required replacements. Oriental Insurance will look after the bill amount directly with the connected garage.

Step 5: Payment for Deductibles

After the garage completes the repairs, you need to pay the deductible amount if you have not selected any add-on covers. This amount includes the cost of consumables and the depreciation on the car parts that the garage replaces. After this, you can take your vehicle home.

Documents Required for Claim

Some of the important documents that you need to raise a claim under Oriental Car Insurance include the following:

• FIR report
• Copy of oriental car insurance
• Medical report if a third party is injured physically
• PAN card
• Aadhaar card
• Copy of driving license

Oriental Car Insurance Premium Calculation Factors

The calculation of the premium of oriental car insurance is based on several factors, including:

• The Insured Declared Value (IDV): The IDV is the current market value of the vehicle. A higher IDV gives a higher premium for Oriental car insurance.
• Cubic Capacity: The cubic capacity (CC) of the engine directly affects the insurance premium. For example, a vehicle consisting of a 1500cc engine will have a higher premium compared to one with an engine capacity of less than 1000cc.
• Geographical Location: The location where the vehicle is insured also affects the premium. If the vehicle is insured in an area prone to wars or nuclear activities, the premium will be higher.
• Age of the Vehicle: The older your vehicle is, the lower the premium will be.

On the basis of these factors, your Oriental car insurance premium is calculated.

Conclusion

The Oriental car insurance policy lets policyholders protect their vehicles and themselves from any injury caused by outside influence. Hence, each four-wheeler owner should strictly select the most appropriate car insurance policy from Oriental car insurance and ensure that their policy is renewed every year.