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Oriental Car Insurance
Oriental Insurance Company Ltd. is one of the well-known general insurance companies in India. The owner of this company is the government, which offers more than 170 insurance products, including trusted car insurance policies. The company was started on 12th September 1947 and has its head office in New Delhi.
Since May 2025, Mr. Sanjay Joshi has been the Chairman and Managing Director of the company. Oriental Insurance has over 14,000 employees and provides many types of insurance, such as car, two-wheeler, health, home, travel, and business insurance.
For cars, the company offers both third-party and comprehensive car insurance policies. Customers can also buy add-on covers like zero depreciation cover, loss of personal belongings, and alternative car benefits at affordable prices to make their policy stronger.
The company started small in 1950, earning less than Rs. 1 lakh in premiums. But over the years, it has grown a lot. It collected a gross premium of Rs. 7,282.54 crore in the 2013–14 financial year. Today, Oriental Insurance not only works in India but also operates in Nepal, Kuwait, and Dubai.
Key Features of Oriental Car Insurance
| Founded in | 1947 |
|---|---|
| Cashless Garages | 3,100+ across India |
| Claim Settlement Ratio | 94.00% |
| Customer Care Assistance | 24*7 |
| Personal Accident Cover | Up to Rs. 15 lakhs* |
| Emergency Roadside Assistance | Yes |
| Add-on covers | 4+ Add-on covers available |
| No Claim Bonus | Up to 50% |
Motor Insurance Plans By Oriental
Types of Oriental Car Insurance Policies
The Oriental Insurance Company offers three types of car insurance plans. These are:Third-Party Liability Only Policy
This plan covers any legal or financial losses if your car causes damage, injury, or death to another person or their property. The company will pay an unlimited amount for death or injury and up to Rs. 7.5 lakh for property damage. This plan does not cover any damage to your own car. It only protects you from third-party liabilities.
Standalone Own Damage Policy
This plan covers damage to your own car caused by events like accidents, fire, theft, natural disasters, or riots. You can buy this policy along with a third-party policy to get complete protection. It helps pay for repair costs if your car is damaged in an unexpected incident.
Comprehensive Car Insurance Policy
This plan gives full protection to both you and others. It covers:
Your car’s damage due to accidents, theft, fire, or natural disasters.Third-party losses, such as injury, death, or property damage.A comprehensive policy offers the widest coverage and is the best option for complete peace of mind
Benefits of Oriental Car Insurance
Here are some benefits of buying Oriental car insurance:
- 01
Gives attractive Discounts
Oriental Car Insurance gives different types of discounts on car insurance premiums. This helps customers save money while getting the right protection for their cars.
- 02
Provides Cashless Repair Service
The company has more than 3,100 network garages across the country. Policyholders can get their cars repaired without paying cash at these garages, making the process easy and quick.
- 03
Offers Easy Online Services
Oriental Insurance offers an online portal where customers can buy, renew, or switch plans anytime. This makes managing your car insurance simple and hassle-free.
- 04
Give the Benefits of No Claim Bonus (NCB)
If you do not make any claim during your policy year, you can earn a No Claim Bonus. This bonus gives you a discount on your next renewal premium.
- 05
Offers Personal Accident Cover
The company provides a Personal Accident Cover of up to Rs. 15 lakh. This gives financial protection to the policyholder in case of accidental injury or death.
Add-On Covers of Oriental Car Insurance
Nil Depreciation Cover
This cover helps you get the full value of replaced car parts if your car is damaged in an accident. The company does not deduct any amount for depreciation (reduction in value due to age or wear). A small deductible may still apply as per your policy terms.
Loss of Personal Items
If your personal belongings (like bags, clothes, or accessories) are lost or damaged in the car, you can get up to Rs. 5,000 to 10,000 as compensation. However, money, credit cards, and laptops are not covered. You need to pay an extra premium of Rs. 400 to 650 for this cover.
Alternative Car Benefit
If your car is stolen or under repair after an accident, this cover helps you pay for using another car for a short time, 5, 10, or 15 days. The company pays Rs. 400 to 650 per day, depending on your chosen plan.
Free Emergency Service (through TVS)
If your car breaks down, you can get free roadside help in certain areas like Delhi NCR, Punjab, Haryana, Himachal Pradesh, Rajasthan, Mumbai, Kolkata, and all southern states. This service is completely free, and no extra premium is needed.
Documents Needed to Buy Oriental Car Insurance
To buy an Oriental car insurance plan, you will need to keep the following documents ready:Information like your car’s registration number, delivery date (if it is a new car), brand, model, fuel type, engine number, and chassis number.Your full name, date of birth, address, mobile number, and PIN code.The name of the person you want to nominate and their relationship with you (for Personal Accident Cover).You can show your PAN card, Aadhaar card, or passport.You can use your Aadhaar card or voter ID as address proof.If your car is already registered, share a copy of your RC. For new cars, provide the delivery date.A small passport-size photo is needed for KYC verification.
How to Buy Oriental Car Insurance from the Square Insurance Website?
You can easily buy Oriental car insurance online by following these simple steps:Step 1 Visit the Square Insurance website.Step 2 Type your car’s registration number. If your car is new and not yet registered, click on “Got a New Car.”Step 3 Enter details like your car’s brand, model, fuel type, and registration date.Step 4 Fill out the registration form carefully and then click Next.Step 5 You will see a list of insurance plans. Pick the one that best fits your needs and budget.Step 6 If you want more protection, you can choose extra covers from the “Add-on Cover” section.Step 7 Pay online using your debit card, credit card, UPI, or net banking.Step 8 After payment, you will receive your policy document by email from Oriental Insurance.
FAQs
You can visit the official website of Oriental Insurance and log in with your details to check your car insurance policy status. If you bought your policy through Square Insurance, you can log in to your account to see the status there.
You can lower your insurance premium by:Keeping your No Claim Bonus (NCB) safe by not making small claims.Choosing a higher voluntary deductible (the amount you agree to pay in case of a claim).Installing anti-theft devices in your car.Joining the Automobile Association of India for extra discounts.
No, you cannot get an NCB on a third-party policy. The No Claim Bonus is available only with comprehensive or standalone own-damage car insurance plans.
The premium depends on many things, like your car’s type, model, engine capacity (cc), usage, registration place, and past claim history. To know the exact amount, it’s best to contact the nearest Oriental Insurance office with your car details.
Yes, you can transfer your insurance policy to the new owner. You just need to fill out a new proposal form, and the company will charge a small transfer fee.