You work hard to buy an automobile so as to enjoy
the trips and may be to support the business
needs. An uncertainty can occur anytime leading to
heavy losses. The costs to get the vehicle
repaired in the event of damage or replacing it
just in case it is stolen can be huge. Hence it is
most needed to buy an appropriate comprehensive
policy cover.
We at Oriental Insurance understand the needs and
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.
Now you can buy and renew policies Online. Buy a
new Motor Vehicle Insurance policy, Renew an
existing Oriental Motor Insurance policy or renew
policies bought from any other general insurance
company by registering yourself on our Portal and
paying online through your debit card / credit
card or Net-banking. To check out various online
facilities available, you may login on the Portal.
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What
is covered under Two Wheeler Insurance Policy:
The Package Policy covers
1. Accidental Loss of or damage to the Vehicle
2. Liability to third parties, Personal accident
cover to owner driver.
3. Various Add on Covers on extra premium
Loss or damage to two wheeler caused by :
4. Accidental external means.
5. Burglary, House Breaking or Theft.
6. Fire, Explosion, Self Ignition &
Lightening.
7. Earthquake, Flood, Storm, Landslide or
Rockslide, Inundation, Terrorism, Riots, Strikes,
Malicious Acts
8. Transit by Road, Rail, inland waterways, air or
lift.
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What is the Amount of Insurance: |
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| The amount of Insurance
will be Insured Declared value of the Vehicle
(IDV). IDV for vehicle less than five years old is
the Manufacturers listed selling Price which is
adjusted for Deprecation based on age of Vehicle.
For vehicles beyond five years of age and obsolete
vehicles, the IDV is mutually agreed value. |
The Premium calculation is
based on the following factors:
1. IDV of the vehicle
2. Cubic Capacity of the vehicle
3. Zone of Registration
Age of Vehicle Additional Premium for :
(i) Electrical & electronic items
(ii) CNG/LPG FUEL
(iii) Add on Covers
(iv) Extra Benefit |
| Coverage period is for one
year, however shorter duration covers are also
available. |
1. Damage by a person driving without a valid
driving license
2. Mechanical or Electrical breakdown, failure
3. Damage by a person driving under the influence
of liquor/ Alcohol/ Drugs
4. Depreciation, any consequential loss
5. Loss/Damage attributable to War/Mutiny/Nuclear
risks
6. Damage to tyres/tubes, unless damage to the
vehicle in the accident with liability maximum
fifty percent of value.
7. Damage, outside India unless covered by extra
premium for Nepal, Bhutan & Bangladesh,
Pakistan, Sri Lanka &Maldives
8. Two Wheeler being used for Hire or Reward,
speed testing, or Racing, Reliability Trials.
9. Loss of or Damage to accessories by Burglary,
Housebreaking or theft unless the Vehicle is
stolen at the same time. |
Following Discounts in
premium may be granted:
a) Voluntary
Deductible
b) Discount for anti theft Device
c) If no claim is preferred in the expiring
Policy, a Bonus or Discount named NO CLAIM BONUS
is given on the Premium of the new Policy.
d) Automobile Association discount
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| If the insured vehicle
causes Injury/Death and/or Property Damage to a
third party, the legal liability arising out of
the same to a third party is covered under
liability to third parties |
| Coverage period is for a
year, however shorter duration covers are also
available. |
| Immediate Notice shall be
given to the company in writing upon occurrence of
accidental loss/Damage. The company at its
discretion repairs, reinstate or replace the
vehicle insured. Insured shall take all steps to
safeguard the vehicle and company has the right to
inspect it at any time. |
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MOTOR
PACKAGE INSURANCE POLICY FOR PRIVATE CAR:
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| What
is covered under Car Insurance Policy: |
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The Private Car
Package Policy covers
1. Accidental Loss of or damage to the Vehicle
2. Liability to third parties, Personal Accident
cover to owner-driver
3. Various Add on Covers on extra premium
Loss or damage to private car caused by:
1. Burglary, Housebreaking or Theft
2. Fire, Explosion, Self Ignition & Lightening
3. Earthquake, Flood, Storm, Landslide or
Rockslide, Inundation. Terrorism, Riots, Strikes,
Malicious Acts.
4. Transit by Road, Rail, Inland waterways, air or
lift.
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| The amount of Insurance
will be Insured Declared Value of the Vehicle
(IDV). IDV for vehicle less than five years old is
the Manufacturers listed selling Price, which is
adjusted for Deprecation based on age of Vehicle.
For vehicles beyond five years of age and obsolete
vehicles, the IDV is mutually agreed value. |
The Premium calculation is
based on the following factors: Loss or damage to
vehicle caused by:
1. IDV of the vehicle
2. Cubic capacity of the vehicle
3. Zone of registration
4. Age of Vehicle
Additional Premium for :
(i) Electrical & electronic items
(ii) CNG/LPG FUEL
(iii) Add on cover
(iv) Extra Benefit |
1. Damage by a person
driving without a valid driving license
2. Mechanical or Electrical breakdown, failure
3. Damage by a person driving under the influence
of Liquor/Alcohol/Drugs
4. Depreciation, any consequential loss
5. Loss/Damage attributable to War/Mutiny/Nuclear
risks
6. Damage to tyres/tubes of the Car, unless damage
to the vehicle in the accident with liability
maximum fifty percent of value.
7. Damage, outside India unless covered by extra
premium for Nepal, Bhutan & Bangladesh,
Pakistan, Sri Lanka &Maldives
8. Vehicle being used for Hire or Reward, speed
testing or Reliability trials, Pace making ,
Organized Racing , any purpose in connection with
Motor Trade. |
Following Discounts in
premium may be granted
a)Voluntary Deductible
b)Discount for Anti Theft Device
c) If no claim is preferred in the expiring
Policy, a Bonus or Discount NO CLAIM BONUS is
given on the Premium of the new Policy
d) Automobile Association Membership discount |
| If the insured vehicle
causes Injury/Death and/or Property Damage to a
third party, the legal liability arising out of
the same to a third party is covered under
liability to third parties. |
| Coverage period is for a
year, however shorter duration covers are also
available. |
| In case of Partial damage
the Repair/Replacement cost subject to deduction
of depreciation and wreck value of parts. In case
of theft or total loss the Insured Declared Value
(IDV). The applicable excess is deducted in all
claims. |
| Immediate Notice shall be
given to the company in writing upon occurrence of
accidental loss/Damage. The company at its
discretion repairs, reinstate or replace the
vehicle insured. Insured shall take all steps to
safeguard the vehicle and company has the right to
inspect it at any time. |
| In claim of Partial Damages
to the Vehicle the full value of parts shall be
indemnified without applying Depreciation thereon
however certain deductible shall be made as per
terms of the Policy.The cover is available with
additional Premium based on age of vehicle. |
| The Loss of personal
effects(except monies, credit cards and Laptops,
mobile) to the maximum of Rs.5000 or Rs.10,000, as
the limits may be chosen, are paid when a loss
becomes payable under own damage section of the
policy. The cover is available with additional
Premium of Rs 400 and Rs.650 respectively. |
| Being deprived of the use
of insured vehicle after its accident/theft, we
alleviate the inconvenience by allowing benefit
for use of an alternative vehicle for a limited
period of time of 5,10 or 15 days with per day
limit of Rs.400 or Rs.650 as opted and premium is
charged accordingly, this benefit becomes payable
when the vehicles gets damaged beyond 20% of IDV
and is disabled. |
| If the vehicle is insured
through our offices in State of Delhi & NCR,
Punjab, Haryana, Himachal Pradesh, Rajasthan, All
Southern States, Mumbai and Kolkata the Policy
provides free emergency services in case of
Breakdown. This is free benefit available with the
Policy with no premium charged. |
This
is an information Brochure only. For
detailed terms and conditions, please click
here or contact nearest office or
read complete Motor Insurance Policy.
Grievance Redressal is through Company's
in-house Mechanism or through IRDA or
Ombudsman.
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