Oriental Insurance Company Wiki-Plans, Policies, Products, Benefits

Oriental Insurance Company Wiki-Plans, Policies, Products, Benefits: Oriental Insurance Company is a India’s leading insurance company provides insurance policies and plans for Motor Insurance, Personal Accident, Individual Mediclaim, Shopkeeper and Householders. The Company was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out General Insurance business. The Company was a subsidiary of Life Insurance Corporation of India from 1956 to 1973. In 2003 all shares of our company held by the General Insurance Corporation of India has been transferred to Central Government. The company’s main headquarter in New Delhi and nearly 1800 to above offices in various cities of the country. The company also give services in overseas – Nepal, Kuwait and Dubai. The company has total 14,000 to above employees. We are providing here complete information about Oriental Insurance Company, its plans, policies, products and benefits.

Oriental Insurance Company Wiki Details Plans, Policies, Products, Benefits-

Oriental Insurance Company Wiki-Plans, Policies, Products, Benefits

Oriental Insurance Company Wiki-Plans, Policies, Products, Benefits

1. Motor Insurance Policy: Oriental Insurance offer Comprehensive Motor Insurance products that provide the added protection for your vehicle. It further provides cover for liability, death or property damage of third parties.

Benefits:

  • Accidental Loss of or damage to the Vehicle
  • Liability to third parties, Personal accident covers to owner driver.
  • Various Add on Covers on extra premium

2. Personal Accident Insurance Policy: This policy provides compensation in the event of insured sustaining injuries, solely and directly from an accident caused by violent, visible and external means, resulting into death or disablement is it temporary or permanent. There are some additional benefits available without payment of additional premium like Cumulative Bonus, Children Education Fund, and Reimbursement of expenses for the carriage of the dead body. There is a discount for family package cover plan.

Benefits:

  • Intentional self injury,
  • Suicide or attempted suicide,
  • Death or disablement resulting from child birth and pregnancy;
  • Accident while the insured is under the influence of intoxicating liquor or drugs;
  • War and allied perils.

3. Individual Mediclaim Insurance Policy: It is a Health cover policy which takes care of medical expenses of sudden illness, accident and surgery. Individual Mediclaim policy will be available to any individual between the ages of 18 to 80 years for treatment taken in India. An individual can also get his family cover by way of family package cover.

Benefits:

  • Inpatient hospitalization expenses in India due to disease/accident.
  • This health policy covers citizens aged from 3 months to 80 years.
  • The sum insured available ranges from Rs.50000/- to Rs.500000/-
  • Pre-existing diseases are covered from the fifth year policy provided the renewals are done without break in insurance and all the renewals are with Oriental Insurance Company.
  • A proposer can take the policy for himself and or for his family members.
  • Wherever family members are covered, a discount of 10% in premium is available.
  • Pre acceptance medical examination is not required if the beneficiaries are below 45 years of age.
  • The premium under the policy is eligible for Income Tax benefit under section 80D.

4. Janata Personal Accident Policy: This policy covers accident caused by outward violent and visible means and such bodily injury within the twelve calendar months of its occurrence is the sole.

Policy covers:

  • Any existing disability.
  • Death injury or disablement due to intentional self injuries, suicide or attempted suicide.
  • Disablement or death under influence of liquor or drug.
  • Death or disablement during racing, shooting, big game hunting, mountaineering, ice hockey, winter sports.
  • Breach of law with criminal intention.
  • War group of perils.
  • Nuclear group of perils.

5. Oriental Insurance Overseas Mediclaim Policy: This policy gives comprehensive cover for you and your family when you globe trot. We want your trip to be stress-free so we cover you against medical and other financial emergencies that may incur during your travel.

Benefits:

  • Policy covers the medical expenses while the beneficiary is outside the Republic of India.
  • It covers medical expenses both as inpatient as well as outpatient while in a foreign country.
  • The sum insured available ranges from Rs.50000 to Rs.500000.
  • Cashless settlement is provided through our Overseas Services Provider

6. Shopkeeper Insurance Policy: It covers all the probable risks and perils faced by small to medium sized shop owners. It provides protection for the property and the interests of the Insured in the business venture.

Benefits:

  • Loss to the Building. Perils as per Standard Fire & Special Perils Policy including Earthquake Risk.
  • Loss to the Contents. Perils as per Standard Fire & Special Perils Policy including Earthquake.
  • Loss/damage to contents by Housebreaking excluding where any partner or any employee of the insured or member of the insured family is concerned as principal or accessory.
  • Loss/damage to pedal cycle as per Standard Fire & Special Perils Policy including house breaking or theft.
  • Accidental breakage to fixed plate glass in the insured building.
  • Loss or damage to Neon sign .Fire, lightning external explosion.
  • Loss/Damage to personal baggage of the Insured and accompanied baggage related to the trade.
  • Electronic Equipment including Personal computers, CCTV and related equipments.
  • Legal liability of Insured to his employees as per WC Act.
  • Break down of appliances installed in the shop such as AC, Refrigerator etc.

7. Householder Insurance Policy: The policy offers comprehensive protection for your home and its contents against a variety of risks. This is a composite policy spilt into ten sections covering number of contingencies and minimum of three sections are necessarily to be taken.

Benefits:

  • Loss to the residential building, household goods & personal effects – as per Fire Policy + Earthquake Risk.
  • Loss or damage to Jewellery, Valuables etc. due to accident or misfortune
  • Accidental breakage of fixed plate glass
  • Damage to electrical appliances due to electrical or mechanical breakdown.
  • Loss by Fire & allied perils Housebreaking / Theft
  • Loss to accompanied baggage by accident or misfortune
  • Legal liability of the Insured to the public for bodily injury or accidental death

8. Family Health Care Insurance Policy: This is the new insurance policy introduced by Oriental Health Insurance.

Benefits: 

  • Room, Boarding and Nursing Expenses as provided by the Hospital /Nursing Home.
  • Intensive Care Unit Expenses as provided by the Hospital /Nursing Home.
  • Surgeon, Anaesthetist, Medical Practitioner, Consultants, Specialists Fees
  • Anaesthesia, Blood, Oxygen, Operation Theatre Charges, Surgical Appliances, Medicines & Drugs, Diagnostic Material and X-Ray, Dialysis, Chemotherapy, Radiotherapy, Cost of Pacemaker, Artificial Limbs & and similar expenses.
  • Ambulance services charges as defined hereinafter under
  • Attendant allowance as hereinafter defined under

9. Nagrik Suraksha Policy: This policy offers Personal Accident cover and reimbursement of Hospitalization Expenses as specified under the schedule of insurance of the policy. The policy is available only to the citizen of India.

Benefits: 

  • Cumulative Bonus
  • Carriage of Dead Body and Funeral Charges
  • Education Fund
  • Loss of Employment

Here we provide the complete information about Oriental Insurance Plans and Polices and their benefits. If you want more information then you can visit official website.

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