The Oriental Insurance Company Limited
The Oriental Insurance Company Ltd is one of the top insurance companies in India. The company was incorporated at Bombay on 12th September 1947. It was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd. The Oriental Insurance Company Limited has its own motor policy and offers auto insurance policy. Automobileindia.com furnishes information on The Oriental Insurance Company Limited.
Motor Policies of The Oriental Insurance Company Limited:
Liability Only Policy under The Oriental Insurance:
According to Motor Vehicles Act, Liability Only Policy under The Oriental Insurance Company Limited covers the liabilities towards third parties only. Liability Only insurance is a must for any vehicle plying in public place.
Package Policy under The Oriental Insurance Company Limited:
The Package Policy under The Oriental Insurance Company Limited offers protection against any kind of loss or damage to the vehicle insured. Automobileindia.com furnishes information on this.
Factors to be considered while Insuring with The Oriental Insurance Company Limited:
One needs to consider a few factors while signing up for auto insurance with The Oriental Insurance Company:
- The insurer needs to read and understand all policy terms, conditions, and also the exclusions from the claim point of view.
- All details about the insurer and the insured vehicle need to be furnished and recorded in the policy schedule, accurately. The insurer must make sure that every digit of vehicle registration number, chassis numbers and engine numbers are entered correctly.
- While insuring with The Oriental Insurance Company Limited, the policy holder should make sure that the registration and insurance of the vehicle are in the same name with same address.
- When you have to make some kind of alterations in your auto insurance policy, it is best to get it done by an Endorsement officer. You should also check the correctness of the endorsement.
Ways to Renew The Auto Insurance Policy for The Oriental Insurance Company Limited:
In order to renew a vehicle policy with Oriental Insurance, you need to fill a fresh proposal form. Physical inspection of vehicle and other formalities may be necessary. It is a good idea to renew the insurance policy before expiry of the existing insurance. By doing you can offer uninterrupted insurance for the vehicle and also retains the No Claim Bonus for claim free years to come.
Ways to Calculate the Premium for the Motor Insurance under The Oriental Insurance:
Premium for the auto insurance with The Oriental Insurance Company Limited is dependent on factors like type or make of the vehicle, model, usage of the vehicle, place of registration, and also past claims history of the insured vehicle.