Hassle-Free Buying Process
24*7 Customer Support
Compare Different Plans Easily
Add-Ons for Customization
Oriental Own Damage Car Insurance
A Standalone Own-Damage Car Insurance policy covers damage to your own car if something unfortunate happens. It gives you peace of mind because it helps you stay financially safe after an accident or loss. This policy protects your car from accidents, fire, theft, vandalism, explosions, and natural disasters like floods or earthquakes.
It is not mandatory by law, but it is a good option to buy along with the compulsory third-party insurance for better protection.
Standalone Own-Damage Insurance V/S Third Party Insurance V/S Comprehensive Insurance
| Features | Own Damage | Third Party | Comprehensive |
|---|---|---|---|
| Meaning | Covers damage to your own car only. | Covers damage or injury to others caused by your car. | Covers both damage to your own car and to others. |
| Covers Your Car? | Yes | No | Yes |
| Covers Third Party? | No | Yes | Yes |
| Covers Theft, Fire & Natural Disasters? | Yes | No | Yes |
| Personal Accident Cover | No (can be added) | Yes | Yes |
| Legal Requirement | Optional | Mandatory by law | Optional, but highly recommended |
| Add-On Covers Available | Yes | No | Yes |
| Premium Cost | Medium | Low | High (more coverage) |
| Best For | People who already have third-party cover and want protection for their own car. | People are looking for only basic legal cover. | People who want full protection for both their own car and others. |
Benefits of Oriental Standalone Own-Damage Policy
- 01
Covers Many Types of Damage
This policy protects your car from accidents, theft, fire, vandalism, explosions, and natural disasters like floods or storms. It helps you stay financially safe during tough times.
- 02
No Claim Bonus (NCB)
If you do not make any claim in a policy year, you get a discount on your next premium. This bonus can go up to 50% after five claim-free years.
- 03
Extra Protection with Add-Ons
You can add extra covers like zero depreciation or roadside assistance to make your policy stronger and get more benefits.
Motor Insurance Plans By Oriental
What is Covered and Not Covered in Oriental Own Damage Car Insurance?
What it Covers
Fire or Explosion
If your car is damaged due to fire or an explosion, the insurance will pay for the loss.
Accidents
If your car gets damaged in a road accident, the policy will cover the repair costs.
Natural or Man-Made Disasters
Damage caused by floods, earthquakes, riots, or strikes will be covered.
Theft or Vandalism
If your car is stolen or someone intentionally damages it, the insurance will pay for the loss.
What Does it not Covers
Illegal Driving
No cover if the driver was driving without a valid licence, under the influence of alcohol, or breaking traffic laws.
Mechanical or Electrical Breakdown
The insurance will not pay if your car stops working due to internal faults.
Depreciation
The normal decrease in your car’s value over time is not covered.
Outside Coverage Area
If the accident happens outside the area mentioned in the policy, it will not be covered.
FAQs
Yes, you can buy add-ons like zero depreciation cover, roadside assistance, or engine protection to make your policy stronger.
Inform the insurance company immediately after the accident. Then, fill out a claim form and submit all required documents like your RC, driving licence, and photos of the damage.
Yes, if your car is completely damaged or stolen, the company will pay you the car’s market value (IDV).
This policy does not cover mechanical failures, wear and tear, or illegal driving (like driving drunk or without a licence).
Yes, you can earn a No Claim Bonus every year you don’t make a claim. The discount can go up to 50% after five years.