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Benefits of Purchasing Oriental Car Insurance Plan

Wish

Written by Sumit Arora

Updated Oct 16, 2023

In this article, you can read about the benefits and perks of purchasing your car insurance with Oriental General Insurance.

Oriental General Insurance offers two types of vehicle insurance plans, a third-party car insurance policy and a comprehensive car insurance policy, in order to give protection to policyholders. The third-party policy is the most basic and required car insurance policy to have while driving, and it covers your financial liabilities to a third party arising from an accident involving the insurer's vehicle, whereas the comprehensive plan is a policy that protects the insured as well as his or her vehicle from financial losses and damages resulting from an accident or other mishap, such as a car accident.

Benefits of Purchasing Oriental Car Insurance Plan

What Are The Benefits of Purchasing Oriental Car Insurance?

The Oriental Insurance Company Ltd was founded on September 12, 1947, in Bombay. For many of us, purchasing a car is a long-awaited, painstakingly planned occasion that validates our financial independence. However, there are several dangers that might befall your prized automobile. For such scenarios—and to ensure that you don't lose your hard-earned money due to unintentional loss or damage to your vehicle, theft, or the involvement of your vehicle in accidents that could have resulted in injury, loss of property, or death of a third party—Oriental offers a comprehensive and easy-to-implement car Insurance product.

Benefits of Purchasing Car Insurance With Oriental General Insurance 

The following are the reasons why you need to purchase your car insurance with Oriental General Insurance - 

  • Authenticity And Trustability of Oriental Insurance

When buying vehicle insurance, the first thing you need to do is check the insurance company's validity. On the insurance company's official website, you may look up their licence and registration. Buying from a certified and registered insurance company ensures that you are getting a real product. Oriental General Insurance has been providing service for over 70 years which makes it authentic. It is also certified with a Claim Settlement Ratio of 91.76% in FY20 marking its reliability and trustability.

You may also like to read:- How to Cancel A Car Insurance Policy and Receive A Refund?

  • Ideal And Optimal Coverage Options

There are several circumstances that might result in vehicle damage. It might be unintentional or intentional. A basic insurance policy does not cover every unfortunate incident. As a result, you must ensure that your vehicle insurance is purchased from a provider that provides the needed coverage. Make a list of the benefits that the policy provides and compare them to the scenarios that are more likely to occur. The best part of purchasing car insurance with Oriental Insurance is that you get optimal coverage options. Purchasing policies with Oriental will give you peace of mind while driving your car knowing that you are financially protected from almost any kind of misfortune like theft, natural calamity, riots, road accidents, etc. 

  • Additional Covers And Customizing Your Policy 

Add-on covers enable policyholders to obtain additional coverage for their automobile insurance policy. Adding these extras to your vehicle insurance coverage will allow you to tailor it to your specific needs. It does, however, increase the total cost of your auto insurance premium. As a result, make careful to select the add-ons that you believe are the most important. Oriental General provides an assorted range of add-on covers that you can choose from to tailor your policy as per your needs. They are - 

  • Nil Depreciation Cover
  • Loss of Personal Belongings Cover
  • Alternative Car Benefit
  • Free Benefit of emergency Service 

 

  • Seamless Claim Settlement 

When you purchase car insurance, you must make it a priority to look for insurers who have a seamless and simple claim settlement process. This way, you can make sure that you remain stress-free in case of any misfortune event that damages your car. Oriental Insurance has a seamless claim settlement process that is speedy. Thus, you can drive in peace knowing that your claim will be settled soon if you have been lawful at the time of the accident.

Also Read:- All About Car Insurance Frauds In India  

Take Away

According to the Indian Motor Vehicle Act, car insurance is compulsory for every car owner. Various insurance firms provide various insurance policies with various benefits. As a result, make sure to evaluate several plans and get the one that best matches your needs.

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

Wish

Written by Sumit Arora

Sumit is an insurance industry veteran with more than 20 years in the industry. Sumit is a frequenRead More

Disclaimer

This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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