Oriental Insurance Householders Policy Introduction
Oriental Insurance provides complete security to the policyholder in the form householder Policy. Oriental Insurance Householders Policy provides protection against accidental damages. Under this Oriental Insurance Householders Policy total ten covers are provided to the policyholder such as Buildings and its content, accidental breakage of glass, Jewellery and any electrical appliances etc. Oriental Insurance Householders Policy can pay through online mode by Debit card or Net banking or credit card.
Benefits of Oriental Insurance Householders Policy
- This Oriental Insurance Householders Policy provides policy term of 4 years
- Discounts on premiums are also available under this Oriental Insurance Householders Policy.
- If the policyholder’s jewellery and valuables are kept in bank locker then this type of losses are mainly covered under this policy.
- If policyholder is taken more than 4 options then the company provides 15% discount on premium.
- Under this Oriental Insurance home policy terrorism risk may be covered as additional Premium.
Oriental Insurance Householders Policy Various Cover Options
Various cover options covered under this Oriental Insurance Householders Policy are listed below
Fire cover option: This cover provides any loss to the residential buildings due to fire or any earthquake risks or any loss of household goods due to fire accident
House-Breaking: Under this Oriental Insurance householder policy this option covers house breaking due to any theft or Larceny.
All Risks(Jewellery and Valuables): If any loss occurs due to any robbery of things like Jewellery or valuable ornaments.
Plate Glass: Under this Oriental Insurance householder policy accidental damage of any fixed plate-glass.
Domestic Appliances: This option covers damages or loss of any domestic appliances or electrical appliances such as TV or any refrigerator etc. This Loss will be covered in the form replacement value of same new thing.
Personal Laptops or Computers: Under this Oriental Insurance householder policy the option covers loss of Computers with some exclusions
Pedal Cycle: If any loss due to fire and allied perils or any Housebreaking or Accidental damages are covered under this Policy.
Baggage Cover Option: Any loss of Baggage due to robbery or misfortune
Personal Accident: This Option covers any accidental injury or death occurs to policyholder, in that case nominee will receive sum assured. If any hospital expenses required then weekly compensation is paid to policyholder.
Public Liability: This public Liability option is also covered under this Oriental Insurance householder policy.
WC Cover Option: This option is provided under WC Act.
Oriental Insurance Householders Policy Premium Rates
Premium rates are tabulated below for various options covered under this Policy
| Type of Cover Option | Premium rates |
| Fire Cover Option | 0.30 per thousand |
| House-Breaking |
|
| All Risks(Jewellery and Valuables) | 8.00 per thousand |
| Plate Glass | 8.00 per thousand |
| Domestic Appliances | 2.00 per thousand |
| Personal Laptops or Computers | 8.00 per thousand |
| Pedal Cycle | 10.00 per thousand |
| Baggage Cover Option | 5.00 per thousand |
| Personal Accident | 0.60+20% Medical Expenses |
| Public Liability | 0.40 per thousand |
| WC Cover Option | 8.00 per thousand |
Oriental Insurance Householders Policy Excess Cover Option
Some of cover options provide excess of sum assured which are explained below
Fire and Allied Perils: For Act of God Perils – 5% of claim amount subject to minimum of Rs. 10,000/- for each and every claim and for Rest of the Perils – Rs 10,000/- for each and every claim.
All Risks: This option provides Rs. 2,500 for each and every claim.
Domestic Appliances, Personal Laptops or Computers and Baggage Cover Option: This cover option provides Rs. 1000 for each and every claim.
For Bicycle: This cover option provides Rs. 250 for each and every claim.
Oriental Insurance Householders Policy Proposal form
Documents required for Oriental Insurance Householders policy are attached below
Oriental Insurance HouseHolders Proposal form
Oriental Insurance Householders Policy Claim forms
Required Documents for claiming process are attached below
Oriental Insurance Householders Policy Televsion VCP VCR Claim Form
Oriental Insurance Householders Policy Plate Glass Claim Form
Oriental Insurance Householders Policy Pedal Cycle Claim Form
Oriental Insurance Householders Policy Burglary Claim form
Oriental Insurance Householders Policy Customer care
If any complaints or doubts regarding this Oriental Insurance Householders Policy then immediately contact to company. Contact Details are given below.
For any complaint,
Write to – Mr. Masood Wahab,
Chief Manager,
Customer Service Department, Oriental House, A-25/27,
Asaf Ali Road, New Delhi-110002.
Contact details :
For any query or for any information call, Toll free number: 1800 11 8485 Or 011- 33208485 (Normal Charges Apply)
Email:
For any complaints related to policy or claims : csd@orientalinsurance.co.in
For any complaints related to online insurance : portal.support@orientalinsurance.co.in
Exclusions of Oriental Insurance Householders Policy
- Under Oriental Insurance Householders Policy the fire cover option about loss of money, motor vehicles and documents are not covered .
- House-Breaking Cover option is also not covered about motor vehicles and loss of money
- If any scratches on glasses then these type of complaints are excluded under this Oriental Insurance Householders Policy.
- If any losses on domestic appliances before taking the insurance or any manufacturing defect then, these types of complaints are excluded under this Oriental Insurance Householders Policy.
- If any loss of jewellery or things from the car because of not locking car properly, these type of reasons are not included under this policy.
- Pedal cycle loss or damage due to mechanical breakdown are excluded.
- Loss of Jewellery or cash in baggage in municipal limits then nothing is paid to the policyholder.
- Liability to family members and employees are excluded under this policy.
Additional Information of Oriental Insurance Householders Policy
Policy Renewal: After completion of 4 years policy term, if the policyholder is interested to continue the policy then the policyholder can revive the policy within expiry date.
FAQ’s of Oriental Insurance Householders Policy
How can I select sum insured under this policy?
Under this Oriental Insurance Householders Policy, the policyholder can select the sum assured in two cases
For building, the sum insured must cover the full cost of rebuilding the property including architect fee etc and the cost of clearing away the debris and cost of obtaining sanctions for any new building regulations or by-laws.
For contents,the sum insured should be the replacement value except for Section III (All Risks) where it should be market value but for Jewellery it will be market value less 10% (making charges) or purchase cost.
For the remaining sections the sum insured is as opted by the proposer.
What are the general exclusions covered under this policy?
This policy does not cover any loss or damage caused by war and allied perils. In case Nuclear radiation and related problems occur then this type of loss or damage also not covered under this Oriental Insurance Householders Policy.
How much rate of Terrorism will be covered under this policy?
This policy covers the Rate of terrorism at extra premium as 0.10% with an excess of 0.50% of sum assured.