Oriental Insurance
The Oriental Insurance Company has been a pioneer in shaping the insurance business by developing effective systems that ensure smooth running of the business. With years of experience in the insurance field, the company has been devising specialized insurance covers that suit the requirements of large projects such as power plants, steel, petrochemical and chemical plants. Apart from serving the corporate clients, the company has also been catering to individuals and small business firms both in rural as well as urban areas of India.
With its head office at New Delhi, the company now controls 26 regional offices and more than 900 operating offices across India. It also has operations in countries such as Nepal, Kuwait and Dubai. It has a total strength of more than 15,000 employees.
Vision & Values
Our Corporate Mission
“To contribute to the socio economic objectives of the nation by being a vibrant and viable organization catering to the growing insurance needs of the community. Towards this end we will strive for effective management of business operations.”Our Corporate Objectives
- “To serve better the insurance needs of the entire community, keeping CUSTOMER as the focus.
- To strengthen our tradition of being CUSTOMER - FRIENDLY, in order to provide quality service.
- To manage Business profitably, manage funds judiciously and deploy investible funds for optimum yield.
- To optimise the retention of Indian business and conduct reinsurance and international operations in the best interest of the country.
- To work towards minimisation of losses and develop Risk Management Technologies.
- To function as a strong and dynamic non-life insurer.”
Management Team
Oriental Insurance is run by an
independent board of highly qualified professionals. With a wide area
of expertise, these professionals have helped the company carve out a
niche for itself in the insurance business. The management team has
been led by various eminent personalities who have made a significant
mark in the Indian finance and commerce sector. Many of them have later
on held prestigious positions such as the post of Cabinet Minister,
Governor of RBI and Governor of State.
The members of the team are as follows:
The members of the team are as follows:
- Dr. R.K.Kaul (Chairman-Cum-Managing Director)
- K.R. Kamath (Director)
- Lalit Kumar (Director)
- S. K. Chanana (Director & General Manager)
- D. Singh (Director & General Manager)
- S. Surenther (General Manager & Financial Adviser)
- Niraj Kumar (General Manager)
- K. Saxena (General Manager)
- N. K. Singh (General Manager)
- K. K. Rao (General Manager)
- Nawang Tobdan, GM (Chief Vigilance Officer)
- Mrs. Rashmi Bajpai (Company Secretary)
Products & Services
The Oriental Insurance offers a
multitude of insurance products for individuals, families and
businesses from various commercial fields. The company has been a
pioneer in the concept development and designing a number of insurance
products. These products provide insurance coverage to the
policyholders from threats, damages and losses from all plausible causes
and ensure financial security for their property and business.
- Happy Family Floater
- Individuals/Family
- Health-- Mediclaim/Overseas Mediclaim/Personal Accident
- Professionals
- Business/Office/Traders/Multiperil
- Engineering/Industry
- Motor Vehicle -- Private/Commercial
- Private Car Package Policy
- Motor Cycle Package Policy
- Commercial Vehicle Policy
- Agriculture/Sericulture/Poultry
- Animals/Birds
- Aviation
- Marine
Contact Details
Registered Office:
Oriental HouseA-25/27, Asaf Ali Road
New Delhi - 110002
Phone No's:
011-43659595, 23279221 - 25
E-Mail ID: motorinsurance@orientalinsurance.co.in
For any grievance or complaint, write to
Mr. A.R. Joshi (Chief Manager)
Customer Service Department
Head Office, New Delhi
Phone: 011-43659109
Email: arjoshi@orientalinsurance.co.in
Private Car Insurance
Oriental Insurance provides motor
insurance policies for Private Car, Two Wheelers and Commercial
Vehicles in accordance with the Motor Vehicle Act. The Act requires
every vehicle plying on the road or in public place to have insurance
for liability towards third party. In addition, the company also
provides comprehensive or package insurance policies which insure the
policyholder against various other causes of damage and losses.
Two kind of basic motor policies are available for all vehicles, whether private or commercial.
Liability Only Policy: The Liability only policy includes only the mandatory insurance cover as per the Motor Vehicle Act and covers the expenses and losses incurred owing to physical damages or death of the third party in an incident involving the vehicle and damages to third party property.
Package Policy: The package policy or the comprehensive cover policy includes the third part liability coverage and also provides insurance for loss or damage to the vehicle with respect to various man-made calamities and natural calamities. The policy also provides cover for damages by accidental and external means while in transit by road/rail, inland water, air or lift.
Man-made calamities include fire, lightning, explosion, burglary, theft, strike and riot, malicious act and terrorist activity. Among the natural calamities are typhoon, storm, hurricane, tempest, flood, earthquake and landslide/rockslide.
The premium for the insurance policy will depend upon the make and model of the vehicle in addition to the place of registration and past claim history. These factors are considered to arrive at the Insured’s Declared Value from which the depreciation according to the age of the vehicle is subtracted. Moreover, additional equipment installed in the vehicle such electronic or non-electronic items can be included in the insurance by payment of extra premium.
In case the vehicle is installed with a CNG/LPG kit, the equipment should be permitted and registered by the RTO and mentioned in the Registration Certificate. The CNG/LPG installation has to be separately declared to the insurance company at the time of buying insurance. Additional premium will be chargeable for the installation.
A new or renewed insurance policy can be availed at any of the Oriental Insurance offices for which the locations and their respective addresses can be located by going to the website: www.orientalinsurance.nic.in and clicking “LOCATIONS” on the top.
It is advisable to get the vehicle insured before the expiry of the old policy for staying protected against risks and losses. Moreover, it helps in retaining the No Claim Bonus, if any, which can be transferred to the new policy and discounts can be availed on the premium payable according to the period of no claims.
In case the vehicle is installed with a CNG/LPG kit, the equipment should be permitted and registered by the RTO and mentioned in the Registration Certificate. The CNG/LPG installation has to be separately declared to the insurance company at the time of buying insurance. Additional premium will be chargeable for the installation.
It is advisable to get the vehicle insured before the expiry of the old policy for staying protected against risks and losses. Moreover, it helps in retaining the No Claim Bonus, if any, which can be transferred to the new policy and discounts can be availed on the premium payable according to the period of no claims.
Two kind of basic motor policies are available for all vehicles, whether private or commercial.
Liability Only Policy: The Liability only policy includes only the mandatory insurance cover as per the Motor Vehicle Act and covers the expenses and losses incurred owing to physical damages or death of the third party in an incident involving the vehicle and damages to third party property.
Package Policy: The package policy or the comprehensive cover policy includes the third part liability coverage and also provides insurance for loss or damage to the vehicle with respect to various man-made calamities and natural calamities. The policy also provides cover for damages by accidental and external means while in transit by road/rail, inland water, air or lift.
Man-made calamities include fire, lightning, explosion, burglary, theft, strike and riot, malicious act and terrorist activity. Among the natural calamities are typhoon, storm, hurricane, tempest, flood, earthquake and landslide/rockslide.
The premium for the insurance policy will depend upon the make and model of the vehicle in addition to the place of registration and past claim history. These factors are considered to arrive at the Insured’s Declared Value from which the depreciation according to the age of the vehicle is subtracted. Moreover, additional equipment installed in the vehicle such electronic or non-electronic items can be included in the insurance by payment of extra premium.
In case the vehicle is installed with a CNG/LPG kit, the equipment should be permitted and registered by the RTO and mentioned in the Registration Certificate. The CNG/LPG installation has to be separately declared to the insurance company at the time of buying insurance. Additional premium will be chargeable for the installation.
A new or renewed insurance policy can be availed at any of the Oriental Insurance offices for which the locations and their respective addresses can be located by going to the website: www.orientalinsurance.nic.in and clicking “LOCATIONS” on the top.
It is advisable to get the vehicle insured before the expiry of the old policy for staying protected against risks and losses. Moreover, it helps in retaining the No Claim Bonus, if any, which can be transferred to the new policy and discounts can be availed on the premium payable according to the period of no claims.
Claims
The Oriental Insurance Company provides instructions and assistance in case of damage or a loss for which an insurance claim needs to be filed. In case of an accident or theft of the vehicle, the policy issuing office should be intimated immediately for filing a claim. In case of theft of the vehicle or injury or death of a third party, it is compulsory to inform the Police about the incident as soon as possible to avoid suspicion and ensure claim realization.Private Car-Policy Pricing
The premium for the insurance policy will depend upon the make and model of the vehicle in addition to the place of registration and past claim history. These factors are considered to arrive at the Insured’s Declared Value from which the depreciation according to the age of the vehicle is subtracted. Moreover, additional equipment installed in the vehicle such electronic or non-electronic items can be included in the insurance by payment of extra premium.In case the vehicle is installed with a CNG/LPG kit, the equipment should be permitted and registered by the RTO and mentioned in the Registration Certificate. The CNG/LPG installation has to be separately declared to the insurance company at the time of buying insurance. Additional premium will be chargeable for the installation.
It is advisable to get the vehicle insured before the expiry of the old policy for staying protected against risks and losses. Moreover, it helps in retaining the No Claim Bonus, if any, which can be transferred to the new policy and discounts can be availed on the premium payable according to the period of no claims.
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