- Zero depreciation cover is available with the plan
- Loss of Personal items is covered under the Oriental Insurance Private Car policy
- Alternative Car Benefit is available with Oriental Insurance Private Car policy
- Free Emergency Services from TVS is on offer
Most Popular Policies of Oriental Insurance
- Oriental Insurance Private Car policy
Oriental Insurance Private Car policy covers accidental damage or loss of vehicle that is used for social, domestic and pleasure purposes.
Key benefits of Oriental Insurance Private Car policy
About Oriental Car Insurance
Car is one of our most valuable assets. We leave no stone unturned to ensure the safety of this prized possession. However, we cannot guarantee that our vehicles are completely secured while driving. Damages and losses are inevitable so you need a protection to stay financially covered in time of any mishap. Oriental car insurance online policy keeps your financial losses covered in case of theft or any accident on road. Oriental car insurance plans also shield you from your liabilities towards third parties involved in the mishap. The Oriental car insurance plan for private car is known as The Private Car Package Policy.
Coverage of Oriental motor insurance plans
• Accidental damage or loss to insured vehicle
• Personal Accident coverage to owner-driver
• Third party liabilities
Damage or loss to insured vehicle are covered due to;
• Burglary, Theft, Housebreaking
• Fire, Self Ignition, Explosion & Lightening
• Earthquake, Storm, Flood, Rockslide or Landslide, Inundation, Malicious Acts, Riots, Terrorism, Strikes
• Transit by Rail, Road, air, lift, Inland waterways
The amount of Oriental car insurance
The insurance amount is the vehicle’s Insured Declared Value or IDV. Manufacturers listed selling price is the IDV for under five years old vehicles. IDV decreases as the car’s age gets closer to five years due to deprecation rate based on vehicle’s age. For obsolete vehicles and vehicles over five years the IDV is worked out mutually by car-owners and insurers.
Premium Calculation of Oriental car insurance
The Premium of Oriental car insurance online is calculated on the basis of the following factors:
• Vehicle’s IDV
• Vehicle’s cubic capacity
• Vehicle’s age
• Vehicle’s registration zone
Policyholders of Oriental car insurance need to pay additional premium for coverage of the following;
• Electrical & electronic items
• CNG/LPG FUEL
For add on cover and extra benefits policyholders of Oriental motor insurance need to pay additional premium as well.
Discounts available in Oriental car insurance premium:
The Oriental car insurance premium is eligible for the following discounts
• Discount for Anti Theft Device
• NO CLAIM BONUS is applicable on Oriental car insurance premium for not making any claim
• Discount for Automobile Association Membership
• Voluntary Deductible
Period of Oriental car insurance:
Typically, the Oriental car insurance policy is issued for a period of one year. However, Oriental motor insurance plans come with shorter duration as well.
Beneficial additional features of Oriental car insurance plans
• Zero Depreciation Cover – This feature helps policyholders get the full value of damaged car parts back as it doesn’t take the depreciation of various components into consideration.
• Loss of Personal items – The own damage section of the Oriental car insurance policy offers compensation in the range of Rs.5000 or 10,000 for the loss of listed personal items.
• Alternative Car Benefit- Policyholders are forced to hire alternative vehicle when their own car gets damaged or stolen. This benefit offers daily cash in two slabs; Rs.400 or Rs.650 and allows them to use alternative cars.
• Free Emergency Services from TVS – The Oriental car insurance policy comes with an emergency service for free when the car of policyholders breaks down. However, the facility is available only if the policy is issued from selected Oriental Insurance offices.
In conclusion, Oriental car insurance online policy provides policyholders with comprehensive coverage against all types of road-mishaps. If you are looking for a cost-effective car insurance cover with wide coverage and extensive network of cashless garage, Oriental car insurance plan is your best bet.