Benefits of Having an Oriental Insurance Policy

Posted by Reena More on April 9th, 2018

Oriental Insurance Company has been renowned for offering one of the best insurance solutions to its customers. Oriental Insurance has many decades of experience serving the Indian customers and due to this rich experience, the company is able to offer top-notch insurance solutions in the general insurance domain. In this article, we will talk about the insurance company, its product offering, features of policies and accolades it has gained over the years.

Oriental Insurance Company Overview

The Oriental Insurance Company Ltd is one of the oldest insurance companies in India. It was established on 12th September, 1947 in Bombay (now Mumbai). Oriental Insurance caters to different sectors in offering insurance-based solutions. The insurance policies are designed to cover insurance needs of both the urban and rural population of India. The company’s main goal is to give the best service to clients and this has helped to build a strong tradition over time. The company has its main Head Office in New Delhi, 31 regional offices and over 1800 + strong network of offices spread throughout the country. The company also has offices abroad in Nepal, Dubai and Kuwait. The Oriental Insurance Company has a strong workforce of more than 14000+ employees spread all over the country. The company has made tremendous progress over the years and the gross premium has reached an impressive mark of 8611 crores in the year 2015-16.

Products Available in Oriental Insurance Company

Motor insurance:

Oriental Insurance offers comprehensive and third-party private car and two-wheeler insurance solutions for its customers. The company offers these policies online also. Customers can log on to the company website to buy or renew motor insurance policies.

Personal Accident Policy

The company provides individual accident policy that provides compensation to the insured in case of an accident. The policy will provide financial benefit in the event of policyholder sustaining injuries solely and directly from an accident caused by violent, visible and external means, resulting in his death or disablement be it temporary or permanent in nature.

Householder Policy

Householder Insurance Policy offers complete protection for your house (residential building) and its contents against a wide variety of risks like fire, robbery, accidental damage, etc. It also covers the risk of terrorism for an extra premium.

Shopkeeper Insurance Policy

Shopkeeper Insurance Policy covers all the likely risks and threats that can harm the business of shop owners. The insurance policy will help safeguard the property and the interests of the policyholder in the business venture.

Health Insurance Policy

Oriental Health Insurance provides a number of healthcare insurance solutions through its various health insurance policies. The health insurance policies are designed to ensure financial protection and good health care treatment during times of illness or medical attention.

Key features of Oriental Insurance Policy

• Oriental Insurance policies are easy to understand and are designed keeping in mind the customer’s interest.
• The oriental insurance policies offer wide variety of choices in each category to suit the different needs and requirements of each customer.
• The insurance policies offer good coverage to recover from the loss due to accidents and damages.
• The policies can also be purchased online saving time, effort and money of the customer.
• The policies have simple claim settlement procedure making claim settlement hassle-free for the policyholders.
• The oriental insurance policy offers all new-age features and benefits to its customers for enhanced protection and cover for its assets and contents.

Awards and recognition of Oriental Insurance Company

• The Oriental Insurance Company was adjudged as the “Best General Insurance – Public”, in the award function of CNBC TV18 Best Bank and Financial Institution by MCX in the year 2011.
• Amity University awarded The Oriental Insurance Company Limited the “Best User of the Consumer Centric Insurance Applications Award” at a Seminar on application of IT in Insurance Industry held by the University on 16th and 17th April 2008. The award was presented on the 16th April, 2008, at a glittering ceremony, by the Vice Chancellor of Amity University and was received by Shri M Ramadoss, CMD.
• Oriental Insurance was awarded "THE BEST INSURANCE COMPANY OF THE YEAR 2008-09" by the leading Tamil Business Magazine "VANIGAMAMANI" on 1st August, 2009 at Chennai. The award was conferred by Shri M.Annadurai, Project Director, Chandrayan 1&2, Bangalore.