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Oriental General Insurance Limited-
Oriental Insurance Company, an Indian public sector general Insurance company, was incorporated into a legal corporation on 12th September 1947 in Mumbai. Capital of the country, The headquarter of Oriental Insurance is situated in New Delhi. The aim of Oriental Insurance was “Service to clients” and high achievement in the General Insurance Sector. Oriental Insurance has more than 170 policies on offer. Each of the policies offered by the company is characterized by utmost swiftness, Effectiveness, and Cost-effective price range.
Oriental InsuranceThird party bike Insurance policy-
The legal obligation arising out of the insured vehicle causing Injury/Death and/or property damage to a third party is covered under the third-party policy. Third-party property damage also gets covered up to 1lac.
Key benefits of buying Oriental Insurance Third party insurance policy?
1)Third-party liability insurance is a cost-effective insurance plan that anyone may buy because the rates are lower. IRDA also updates the premium for third-party liability insurance on an annual basis.
2)Third-party car insurance can be purchased quickly and easily, either through the insurance company's website or through a branch office. Renewals of the policies are also easy with less documentation.
3)Provides legal and financial support - This insurance policy covers the financial burden in the event of an accident that results in third-party property damage.
4)Easy renewal-The process of renewal is very simple with less documentation.
Coverage in Oriental third party bike insurance policy-
1) TP insurance is an essential part of all the insurance related to bikes. It's like a safety net that keeps you safe in the unfortunate case of an accident in which the Insurance company pays the compensation amount on behalf of you.
2) TP insurance covers damages of the third party such as injuries, death, and property damage.
3) Most of the companies today offer PA cover plans along with TP insurance. The owner of the vehicle gets coverage up to 15lac in event of the death of the owner-driver under these terms.
4)Property of the third party also gets covered up to 1 lac.
How to purchase Third party bike insurance from Oriental Insurance?
Step 1. Go to the online website of https://quickinsure.co.in/
Step 2. Click on bike insurance
Step 3. Enter your REGISTRATION no. According to your RC
Step 4. You will find a quotation for bike insurance from Oriental Insurance and other insurers.
Step 5. You can select the quotation from Oriental Insurance and fill out the proposal form.
Step 6. Pay the premium amount and get your policy on your Email.
Exclusions in Oriental third-party bike insurance policy.
Drunk driving –Third-party liability bike insurance does not cover damages caused by a driver who is under the influence of drugs or alcohol.
Thefts and damages to vehicles- Theft of the insured vehicle is not covered under the policy terms.
Other reasons-The insurance company will deny the claim if the vehicle's insurance was expired at the time of the accident. Additionally, the liability-only plan excludes coverage for normal wear and tear of the vehicle as it ages, mechanical or electrical failures, consequential damages, and driving outside of established geographic restrictions.
1)Can I shift my third-party liability insurance policy from one insurer to another?
Yes, you can shift third-party liability insurance policy from one insurer to another.
2)What is the maximum amount I can get as PA cover under Oriental third-party bike insurance?
You can get up to 1 lac as a PA cover in TP policy.
3)How soon after an accident should I file a claim under my third-party bike insurance?
You can file a claim within 60 days after the accident.
4)Can I get protection under third-party bike insurance if I use my vehicle for commercial purposes?
No, you cannot get any protection under such a situation.
5)PA cover applicable in which case?
PA cover is only applicable in case of the death of the policyholder.