Formed in 1974, Oriental Insurance Company Ltd. offers easy and effective insurance solutions to different segments of the Indian society. The company has a number of individual and industrial insurance products on offer. Individual plans cover insured and his/her families, while industrial policies are designed for corporate and large industries, such as chemical plants, power plants, petrochemical industry, etc. Each product is designed and focused to cater to the diversified needs of urban and rural sectors. The company is customer-centric and aims at providing convenient services to its customers. To facilitate this, they offer plenty of online services, including one meant for policy renewal.
Oriental Insurance Renewal Process
Renewal process of an Oriental Insurance policy is quite easy. Three different modes are available for the process. Here is the process of Oriental Insurance online renewal:
- Visit the official website of Oriental Insurance
- Select the ‘Renew’ option present on the top of the home page
- Once you click on the option, you will be redirected to a new page
- Now,as per the need, select either ‘Renewal of OICL Policy’ or ‘Renewal of Non-OICL Policy’ and fill the requested details to complete the process.
The insurance company also possesses a mobile application. This mobile app can be used to buy a policy or renew an existing policy. One needs to download Oriental Insurance app for the process from their respective mobile app marketplace (app store, play store, etc.). Once the application is installed, the user needs his/her oriental insurance login ID and password to log in.
Of course, one may also renew a policy by visiting a nearby branch office. This is an easy way to renew an insurance policy for customers with limited or no access to the internet.
Other Online Services Offered by Oriental Insurance Company
The company provides its customers with a number of key services online. These online services or facilities may include:
- Purchase of a policy
- Forms and application
- Branch and office locator
- Electronic Insurance Account (eIA)
Suggested Read: Oriental Health Insurance Individual Mediclaim Policy
Insurance Policies Provided by Oriental Insurance Company
The insurance company has a number of insurance products. Each of them is crafted to meet the needs of its diverse customer base. The following is the list of insurance plans offered by the company to its customers:
| Oriental Insurance Plans | |
| Motor Insurance Policy | Private Car Insurance |
| Two Wheeler Insurance | |
| Commercial Vehicle Package Policy | |
| Health Insurance | Individual Mediclaim Policy |
| Happy Family Floater | |
| Overseas Mediclaim Policy | |
| Group Mediclaim Policy | |
| Jan Arogya Policy | |
| Oriental Bank Mediclaim Policy | |
| PNB Oriental Royal Mediclaim Policy | |
| Health of Privileged Elders (HOPE) Policy | |
| Pravasi Bharatiya Bima Yojana(PBBY) | |
| Oriental Happy Cash – ‘Nishchint Rahein’ Policy | |
| Personal Accident Policy | Gramin Accident Insurance |
| Jan Arogya Bima | |
| Janata Personal Accident Policy | |
| Nagrik Suraksha Policy | |
| Personal Accident – Group | |
| Personal Accident – Individual | |
| Professional Insurance | Directors And Officers Liability Policy |
| Professional Indemnity Errors and Omissions Insurance Policy for Consulting Engineers/Architects and Interior Decorators | |
| Professional Indemnity Errors and Omissions Insurance for Chartered Accountants/Financial Accountants/Management Consultants/ Lawyers/ Advocates/ Solicitors/Counsels | |
| Professional Negligence Errors and Omissions Insurance Policy for Medical Establishments | |
| Professional Indemnity Policy for Doctors and Medical Practitioners | |
| Stock Brokers Indemnity Insurance Policy | |
| Sports Insurance Policy | |
| Policies for Business Office/Traders/Multi-Perils | Electronic Equipment Insurance Policy |
| Fidelity Guarantee Policy – Floating Group | |
| Fidelity Guarantee Policy – Individual Named | |
| Money Insurance Policy | |
| Multi Peril Policy for LP Gas Dealers | |
| Neon Sign Policy | |
| Office Umbrella Policy | |
| Plate Glass Insurance Policy | |
| Policy for Jewellers’ Block Insurance | |
| Shopkeeper’s Insurance Policy | |
| Policies for Engineering/Industry | Advance Loss of Profit Policy (Following Erection All Risks) |
| All Risks Insurance | |
| Contractor’s All Risk Insurance Policy | |
| Employers Liability Insurance | |
| Engineering Insurance | |
| Industrial All Risk Insurance Policy | |
| Liability Insurance Policy (Under Public Liability Insurance Act 1991) | |
| Machinery Breakdown Insurance Policy | |
| Machinery Insurance Policy | |
| Machinery Loss of Profit Insurance Policy (On Out-Put Basis) | |
| Product Liability Policy | |
| Standard Fire and Special Perils Policy (Material Damage Only) | |
| Policies for Agriculture/ Poultry/ Sericulture | Apple Insurance (Input) Policy |
| Honey Bee Insurance Scheme | |
| Khalihan Insurance Package Policy | |
| Insurance of Biogas Plant (Gobar gas) | |
| Animal Driven Cart / Tanga Insurance | |
| Aquaculture (Shrimp/Prawn) Insurance Policy | |
| Beetlevine Insurance (Input Policy) | |
| Coconut Palm Insurance Policy | |
| Failed Well Insurance | |
| Hut Insurance | |
| Inland Fresh Water Fish (Embankments) Insurance | |
| Plantation/HortiCulture (Input) Policy | |
| Rose Plantation Insurance | |
| Package Insurance for Tribals | |
| Kissan Package Insurance | |
| Policy for Kisan Agricultural Pumpset Insurance Scheme | |
| Policy for Insurance of Fish in ponds (Fresh Water) | |
| Sericulture (Silkworm) Insurance | |
| Poultry Insurance | |
| Insurance Policies for Animals and Birds | Camel Insurance |
| Calf/Heifers Rearing Insurance Scheme | |
| Foetus (Unborn Calf) Insurance Scheme | |
| Horse/Yak/Mule/Pony/Donkey Insurance | |
| Pig Insurance | |
| Sheep and Goat Insurance Policy | |
| Dog Insurance | |
| Cattle Insurance | |
| Duck Insurance Scheme | |
| Elephant Insurance | |
| Rabbit Insurance | |
| Aviation Insurance Policies | Aircraft Hull/Liability Insurance Policy |
| Aircraft Hull and Spares All Risks Aviation Liability Insurance (Airlines) | |
| Aviation Personnel Accident (Crew Members) | |
| Aviation Fuelling/Refuelling Liability Insurance Policy | |
| Loss of License Insurance | |
| Insurance Policies for Marine | Hull War and Allied Peril Policy |
How to Buy an Oriental Insurance Policy
Not all policies are available for online purchase but a large number of them are. Oriental Insurance policies that can be purchased online are listed below:
- Motor Insurance Policy
- Personal Accident Policy
- Individual Mediclaim Policy
- Janta Personal Accident Policy
- Overseas Mediclaim Policy
- Householder Policy
- Shopkeeper’s Policy
- Nagrik Suraksha Policy
- Happy Family Floater Policy
Now, here are the steps you must follow to buy an insurance policy online from Oriental Insurance Company:
- Browse through the official website of the company
- Click on ‘Buy Online’ option to buy your preferred insurance plan
- A form will be displayed on your computer screen. Fill out that form and submit it to complete the process.
You can also step out to your nearby branch office along with a duly filled application form and necessary documents to buy an insurance policy. However, it is extremely important to compare the plans and select one on the basis of your priorities and specific needs.
Premium Payment of Oriental Insurance Policy
One can buy, renew as well as pay insurance premium online with a few simple clicks. There are multiple payment options, such as credit card, debit card, cash cards, e-wallets, internet banking, etc. You can also pay the amount directly at any Oriental Insurance Company’s branch office if the online method is tricky for you. The payment can be made either in cash or cheque. There are authorized agents/brokers who can facilitate this service for the policyholders.
Also Check: Oriental Insurance Premium Calculator
FAQs
Q1. What are the different kinds of motor policies provided by Oriental Insurance Company?
The company provides the motor policies under the following:
- Liability Only Policy: This policy covers all the liabilities towards the third parties, as per the Motor Vehicle Act. This is a mandatory insurance for vehicles plying on the roads.
- Package Policy:This motor insurance policy covers certain damages and loss of the insured vehicle.
Q2. What amount an individual needs to pay as premium for motor vehicle insurance?
Ans. The premium amount depends on a number of factors – vehicle’s model, manufacturing, type, CC, registration location, previous claims, usage, etc. However, you can get an approximate value by using an online premium calculator.
Q3. What are the benefits of Nagrik Suraksha Policy?
Ans. This policy offers the insured with personal accident cover that includes death, loss of limb (s), partial or permanent disability etc. The major benefit of this plan is that all the medical expenses (as mentioned under the policy schedule) are covered. Reimbursement of loss of employment, cumulative bonus, carriage of a body and funeral charges are some more benefits of this policy.
Q4. Can a non-Indian resident avail the benefits of the Nagrik Suraksha Policy?
Ans. No. This policy is designed for Indian residents only.
Q5. What documents will be needed for accidental death claim?
The insurance company has listed a number of documents needed for the accidental death claim. They are:
- Premium receipts along with Xerox copy of the policy and claim intimation given to the insurance company
- Duly-filled claim form
- Post-mortem report
- Death certificate
- First Information Report (FIR) or Police Panchnama or Final Investigation Report
- Medical reports and details of incurred medical expenses
Q6. What is the period and sum insured amount of Health of Privileged Elders (HOPE) Policy?
Ans. The Health of Privileged Elders (HOPE) Policy is issued by the company for one year. The sum insured offered by the policy is as minimum as Rs. 1 lakh and can go up to Rs. 5 lakh.
Q 7 . Why an individual must buy home insurance policy?
Ans. To ensure complete protection and security of the house against certain damage, home insurance plans, such as Householder’s Policy is a must. This policy covers the house and its belongings. One can buy this plan online from the official website of Oriental Insurance Company through credit card, debit card or internet banking.
Q8. How to buy Overseas Mediclaim Policy online?
To buy this policy, visit the official website of Oriental Insurance Company and select ‘Overseas Mediclaim Policy’ from the option ‘Buy Online’. A form will be displayed, fill in all the details and make the payment to complete the online purchase.