Oriental Insurance Company Limited, an Indian public sector general insurance company, was formed into a legal corporation on 12th September 1947 at Bombay. Oriental Insurance Company has its headquarters in the capital of the country, New Delhi. Oriental Insurance was formerly a completely owned subsidiary of Oriental Government Security Life Assurance Company Limited and subsequently the company was formed to meet the needs of General Insurance business in India. Until the nationalization of General Insurance Business in the country, Oriental Insurance Company was a subsidiary of LIC India from 1956 to 1973. All shares of the Oriental Insurance Company that had been held by the General Insurance Corporation of India were transferred to the Central Government in the year 2003. After the company was first set up, it raked a humble premium of Rs. 99, 946 in the year 1950. The aim of Oriental Insurance was “Service to clients” and high achievement in the General Insurance Sector and this is what transformed them into a strong non life insurance company of India today.
Benefits of Oriental Insurance Company
- Financial protection against fears of life: The Company provides a complete shield against all the financial risks which arises due to certain unforeseen incidents in case of health hazards and damages done to assets like car, home, etc.
- Tailormade Plans: The plans are personalized with reasonable premiums and therefore benefit one to choose and purchase accordingly.
- Claims Settlement: The company has a very strong presence across India with many branches thereby providing an easy procedure of claim settlement
- Online Plans: The presence of Online Plans helps one to purchase directly from the company website directly and reduces the cost of the insurance policy
- Tax Benefit: One can avail the tax benefit under Section 10(10D) of the Income Tax Act, 1961
Oriental Insurance: Various Products & Services
As previously mentioned, Oriental Insurance has various different products and services for everyone on offer. The Oriental Insurance policy can be purchased both online and offline as per your convenience. Oriental Insurance has policies for numerous categories that take in policies for Car, Two Wheeler, Health, Personal Accident, Travel, Business, Property, Agriculture and so on.
Oriental Health Insurance: Oriental Health Insurance policies make sure that you and your family get the best coverage against various unforeseen medical conditions that are out of our control. The prime objective of Oriental Health Insurance is to put the insureds in the safe zone from the sky-high medical expenses since the Oriental health Insurance plans cover almost all the medical expenses of an insured person depending on the type of plan opted by the proposer. The company offers health insurance policies for everyone in India – Group, Individual and Senior Citizen.
Oriental Car Insurance: Oriental Car Insurance policies are particularly designed to protect a vehicle owner and his vehicle from various sorts of damages. Oriental Insurance offers different motor insurance policies for both car and two wheeler. Both third party and comprehensive covers for motor insurance are offered by the company. You can easily buy or renew Oriental Car Insurance for private or commercial vehicles Online. Apart from the mentioned four wheeler insurance covers, the Oriental Car Insurance also offers various add on covers like NIL Depreciation Cover, Alternative Car Benefit, Free Benefit of Emergency Service through TVS, Loss of Personal effects etc on extra payment with the premium.
Oriental Two Wheeler Insurance: Oriental Two Wheeler Insurance provides the similar types of coverage like Oriental motor insurance. The bike insurance plans are designed to secure a rider against third party liability and property damages as well as own damages. A number of effective add on covers for bikes are available under the plans offered by Oriental Two Wheeler Insurance.
Oriental Insurance policies give you the best benefits out of your chosen insurance plan. Some of the best Oriental Insurance plans are discussed in brief below. You can avail quotes on various Oriental Insurance plans you want to buy or renew online.
Happy Family Floater Policy: Happy Family Floater Policy is an Oriental Mediclaim policy that covers an entire family under single Sum Insured with extensive medical coverage. This Oriental Insurance policy for health is basically available in three plans Silver, Gold & Diamond. The company lets you purchase or renew Happy Family Floater Policy from their portal online.
Individual Mediclaim Policy: This Oriental Mediclaim Insurance covers the medical expenses of an individual insured person following hospitalization. This health insurance plan provides coverage against various illnesses and injuries like sudden illness, accidental injury, any surgery for ailments. You can buy and renew Individual Mediclaim Policy from the company’s official website online.
Overseas Mediclaim policy: This plan is designed to offer you relaxation when you travel overseas by providing coverage for you and your family. This Oriental Insurance policy for travel can be availed online.
Janata Personal Accident Policy: This is one of the most effective Oriental Insurance plans. Janata Personal Accident Policy provides coverage to any citizen of India regardless of age, sex and occupation falling under the age group of 10 to 80 years. This is a cheap priced insurance plan that can be afforded by anyone.
Nagarik Suraksha Policy: This Oriental Insurance policy provides personal accident coverage against Death, Permanent Total Disablement, Permanent Partial Disablement, Loss of Limb/limbs etc and offers reimbursement of the hospitalization expenses as per policy guidelines.
Oriental Happy Cash Policy: The Oriental Happy Cash Policy has been designed to provide daily cash benefits to the insured person or the insured’s family in case of hospitalization to help up with the incidental costs that creates a financial stress over the insured. This Oriental Insurance policy is perfect for the protection against all the non medical expenses. You can instantly buy or renew this policy online from the company’s website.
Oriental Householder Policy: Oriental Householder Policy provides comprehensive protection for your home (any housing building) and the contents inside the building against a number of unforeseen perils such as loss by house breaking, personal accident, loss due to fire etc.
How to buy Oriental Insurance policies?
You can buy Oriental Insurance plans online or offline. The Oriental Insurance offline plans are sold directly by the company or through their registered insurance advisors. In order to buy an Oriental Insurance Policy, all you need to do is to purchase the same from any Oriental Insurance Branch or their agents. However, the same can also be purchased online from the official website of the company.
Alternatively, you can buy motor insurance as well as health insurance plans of Oriental Insurance from orientalinsurance as well. orientalinsurance is an online platform where you can compare and choose the best health insurance or motor insurance plan from the options available.
You can purchase the same very simply as well through orientalinsurance by following the following steps:
- Visit the official website of https://orientalinsurance.org.in/
- Then you opt for a car, bike or health insurance, as per your need
- In order to purchase a health insurance plan, all you need to do is
- Enter in your details which would include the following
- Gender
- Age of the proposer
- Age of the members whom you want to cover
- Details of all pre-existing ailments
- The annual income level of the family for being recommended an ideal sum insured
- Once you enter the details, you will get a list of all the best health plans that best suit your needs
- Then you can compare and then choose the one according to your needs and requirements
- And then proceed to pay the premium online and buy the same by filling up an online application form for the purchase
- Enter in your details which would include the following
- To buy a motor insurance plan, you need to
- Enter the vehicle details like
- Manufacturing Year
- Make & model
- Variant
- Fuel Type
- Expiry Date of the previous insurance plan
- Previous policy type-whether comprehensive or third-party
- Claims made in the previous year
- Details of the NCB on the previous policy
- Your contact details
- Once you enter the details, you will get a list of all the best car/bike plans that best suit your needs
- Then you can compare and then choose the one according to your needs and requirements
- And then proceed to pay the premium online and buy the same by filling up an online application form for the purchase
- Enter the vehicle details like
