Oriental Insurance Review

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Oriental Insurance Company has been operating in the country for over 60 years. Its latest financial results show it was the sixth largest insurer in fiscal 2021, with a market share of 6.3%. However, macro growth prospects remained subdued after the recent Covid-19 outbreak, causing the company’s gross direct premium to de-grow by 8.9% year over year. This growth was much lower than the industry’s growth of 5.2%.

Overseas Mediclaim policy

Oriental Insurance offers an effective product to customers who want to travel abroad. Its online platform helps customers to purchase the policy with minimal hassles. The policy covers various health risks, including cardiovascular disease, kidney disease, and knee replacement costs. Moreover, it covers the policyholder, spouse, and dependent children. This product is also available for people who want to further their education abroad. It offers an affordable policy to those who want to pursue a business or higher educational goal in another country.

The Overseas Mediclaim Policy Schedule from Oriental Insurance Company Limited covers the expenses incurred due to accidents, illness, or injury during overseas travel. It covers medical expenses, dental care, and study interruption and can be renewed annually. In addition, the policy has flexible policy terms, from two months to one year.

Aside from covering medical expenses, Oriental Insurance also offers a variety of optional benefits. These include maternity cover, critical illness coverage, personal accident coverage, and daily hospital cash. Other essential features include a flexible sum assured option and a cumulative bonus. The policy also has a wealth of discounts, including cash back and discounts for various services. In addition, Oriental Insurance is available online, and you can renew your policy anytime without any hassle.

Oriental Insurance has been in the business for decades and provides comprehensive insurance for individuals and businesses. It has over one hundred and fifty policies. Their policies are known for their efficiency, effectiveness, and affordability.

Individual Health of Privileged Elders policy

The Oriental Insurance Health of Privileged Elders (HOPE) Policy provides a comprehensive range of health insurance coverage and benefits for Senior Citizens. This policy provides comprehensive coverage for hospitalization expenses for specified illnesses. It also offers tax benefits on the premium paid. The policy also covers attendant nursing and doctor’s home visit charges.

Medical expenses are calculated based on the severity of the Specified Diseases or Illnesses. It also covers the cost of prosthetic devices and surgery. The sum assured is equal to 10% of the medical expenditure. The policy is valid till the insured person reaches eighty years of age.

This insurance policy is tailored to the needs of individuals, families, and small businesses. It covers pre and post-hospitalization expenses, ambulance charges, and a daily cash allowance. It also covers cashless treatment at network hospitals. Premiums are calculated in Indian rupees and depend on the proposer’s age. It is a good option for people with limited budgets who want health coverage that won’t cost them an arm and a leg.

Another unique feature of this policy is the pre-acceptance medical checkup. This pre-acceptance health checkup is required in an authorized diagnostic center. The tests included in this checkup include a glycosylated hemoglobin test, X-ray of both knees, stress test, and complete eye examination. Once the medical checks have been completed, the insurer will pay the sum insured to the insured individual.

Nagarik Suraksha policy

Oriental Insurance Nagrik Suraksha policy covers bodily injury and hospitalization expenses in case of accidents. You can claim such expenses when you are involved in an accident while traveling by road, air, or private aircraft. The policy also provides cover for illnesses caused by HIV and AIDS.

The Oriental Insurance Nagarik Suraksha policy offers various discounts. You can avail of family package discount and long term discount. You can also opt for individual policies. This plan provides coverage of 100% of the Sum Insured. It can be a great choice if you’re looking for insurance that will protect your finances in case of an accident.

The Oriental Insurance Nagarik Suraksha policy also provides a disability benefit of 1% of the original Sum Insured. Moreover, it also offers a 15-day review period. You can cancel your policy anytime if you send a registered letter to the insurance company at your last known address. The company will refund the amount of the premium for the remaining period if you cancel your policy before the expiry date.

Oriental Insurance Company Limited is an insurance company headquartered in New Delhi. It has over eight hundred branches and thirty regional offices in different cities of India. Its portfolio covers a large segment of industrial sectors. Its policy covers various types of accidents and liabilities incurred during the business. Its board of directors includes renowned personalities from various fields, including business, finance, and insurance.

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