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The Oriental Insurance Company Ltd.

was incorporated at Bombay on 12 September


1947. The Company was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out General Insurance business. The Company was a subsidiary of Life Insurance Corporation of India from 1956 to 1973 (till the General Insurance Business was nationalized in the country). In 2003 all shares of the company held by the General Insurance Corporation of India were transferred to Central Government. Oriental Insurance with its head Office at New Delhi, India has 23 Regional Offices and nearly 1000 operating Offices in various cities of the country. The Company has overseas operations in Nepal, Kuwait and Dubai. The Company has a total strength of around 16, 000 employees. From less than a lakh at inception, the Gross Premium went up to Rs.58 crores in 1973 and during 200607 the figure stood at a mammoth Rs. 4020 crores.

THE ORIENTAL INSURANCE COMPANY LIMITED


Office Code Office Name Address Leo Shopping Complex, 1st Floor & 4th Floor, 44/45, Residency Road Cross, Bangalore 560025 Ph. (080) 25583187 / 25581123 / 25581124 / 25580008(FAX) Incharge : Mr P R Meenakshi Sundaram, D.G.M. Email : 420000roblore@orientalinsurance.co.in , prmsundaram @orientalinsurance.co.in Kheny Building, 1st Floor, No. 3, 1st Cross, Gandhi Nagar, Bangalore 560009 Ph. (080) 22250393 / 22206824 Incharge : Mr R Balakumar, Dy.Mgr. Email : 420001iadbgl@orientalinsurance.co.in , rbalakumar@orientalinsurance.co.in Leo Shopping Complex, 4th Floor 44/45, Residency Road Cross, Bangalore 560025 Ph. (080) 2559 6996 / 2559 6997 / 2555 0046 (FAX) Incharge : Ms. Chitra S, Regional Manager Email : svc_bangalore@orientalinsurance.co.in , chitras@orientalinsurance.co.in

420000

RO Bangalore

420001

INTERNAL AUDIT CELL

420011

Service Centre

420021

T P HUB

Leo Shopping Complex, 4th Floor, 44/45, Residency Road Cross, Bangalore 560025 Ph. (080) 2559 7131 / 2559 7132 / 2559 7130(FAX) Incharge : Mr. S. Parthiban, Regional Manager Email : bgromotortp@orientalinsurance.co.in , sparthy@orientalinsurance.co.in

421100

Divisional Office - 1, Bangalore

No.49, II Floor, 'Jyothi Mahal', St. Marks Road, Bangalore 560001 Ph. (080) 22215748 / 22215747 / 22278454 / 22277363 (FAX) Incharge : Mr J R Bhandage, Divl. Manager Email : 421100do1bgl@orientalinsurance.co.in , jrbhandage@orientalinsurance.co.in II Floor, T.G.M.A. Building, Tumkur 572101 Ph. (0816) 2278751 / 2273811

421101

Branch Office (Tumkur)

Incharge : Mr H R Devaraja, Branch Manager Email : 421101botumkur@orientalinsurance.co.in , devarajahr@orientalinsurance.co.in No.12, Bellary Road, 2nd Floor, Next To Canara Bank, Hebbal, Bangalore 560024 Ph. (080) 23544118 / 23434131 / Incharge : Mr Narsingh Korra, Branch Manager Email : 421104bohebbal@orientalinsurance.co.in , narsinghkorra@orientalinsurance.co.in

421104

City Branch Office Hebbal (CBO 17)

421200

No. 3/1, Kheny Building, 1st Floor, I Cross, Gandhi Nagar, Bangalore 560009 Ph. (080) 22385238 / 22262131 / 22261770 / 22266726 Divisional Office - 2, Bangalore (FAX) Incharge : Mr P P Shivaraj, Divl. Manager Email : 421200do2bgl@orientalinsurance.co.in , shivarajppatil@orientalinsurance.co.in Indian Mutual Building, 1st Floor, No. 221, Cubbonpet Main Road, N.R.Square, Bangalore 560002 Ph. (080) 22232330 / 22216310 / Incharge : Mr Udaya Kumar Shetty, Branch Manager Email : 421203dab1bgl@orientalinsurance.co.in , udayashetty@orientalinsurance.co.in No. 48, K.F.C. Complex, 1st Floor, Church Street, Bangalore 560001 Ph. (080) 25588381 / 25595964 / 25588260 (FAX) Incharge : Dr K Elango, Regional Manager Email : 421300do3bgl@orientalinsurance.co.in , drkelango@orientalinsurance.co.in 1/1, 2nd Floor, Connaught Road, Queens Road Cross, Bangalore 560052 Ph. (080) 22250777 / 22265357 Incharge : Mr E Ramesh, Branch Manager Email : 421309bocantt@orientalinsurance.co.in , eramesh@orientalinsurance.co.in No.49, II Floor, 'Jyothi Mahal', St. Marks Road, Bangalore 560001 Ph. (080) 22291408 / 22215438 / 22279759 / 22219302 (FAX) Incharge : Mr T M Narayanaswamy, Divl. Manager Email : 421400do4bgl@orientalinsurance.co.in , oicnswamyn@orientalinsurance.co.in

421203

Direct Agent Branch - 1 Bangalore

421300

Broker DO

421309

Branch Office - 2, Bangalore

421400

Divisional Office - 4, Bangalore

421402

No. 1 & 2, II Floor, Hosur Road, Wilson Garden Post, Bangalore 560027 Branch Office - 9 (Hosur Road), Ph. (080) 26563144 / 26567506 Bangalore Incharge : Mr M Shivanna, Branch Manager Email : 421402bohosurrd@orientalinsurance.co.in , mshivanna@orientalinsurance.co.in No. 16/1, S P Complex, Apple Villa, 1st Floor, Lalbagh Road, Bangalore 560027 Branch Office (Kalasipalayam), Ph. (080) 22226963 / 22234534 / 22103051 Bangalore Incharge : Mr H B Shivakumar, Branch Manager Email : 421403bokalasi@orientalinsurance.co.in , No.1, Shankar House, III Floor, RMV Extension, Mekhri Circle, Bangalore 560080 Ph. (080) 23619571 / 23610297 / 23611221 / 23610280 (FAX) Incharge : Mr Suresh Balaram, Sr. Divl. Manager Email : 421500do5bgl@orientalinsurance.co.in , sureshbalaram@orientalinsurance.co.in No. 2023, H I G, III Phase, Yelahanka New Town, Bangalore 560064 Ph. (080) 2856 6296 Incharge : Mr H G Umashankar, A O (D) Email : 421590@orientalinsurance.co.in , hgumashankar@orientalinsurance.co.in No. 20, 2nd Floor, 9th Main, Opp. Pai Viceroy Hotel, Jayanagar III Block, Bangalore 560011 Ph. (080) 26340626 / 26630055 / 26631361 / 26547082 (FAX) Incharge : Mr M Srinivasa, Sr. Divl. Manager Email : 421600do6bgl@orientalinsurance.co.in , srinivasam@orientalinsurance.co.in Sri Chamundeshwari Complex, No. 44, 100 Feet Road, Banashankari 3rd Stage, Opp. BMTC Bus Depot, Bangalore 560085 Ph. (080) 2669 8535 Incharge : Mr R V Kamath, Branch Manager Email : 421609db2bgl@orientalinsurance.co.in , rvkamath@orientalinsurance.co.in

421403

421500

Divisional Office - 5, Bangalore

421590

EC Yelahanka

421600

Divisional Office - 6, Bangalore

421609

Direct Agent Branch - 2 (Jayanagar), Bangalore

421700

Divisional Office - 7 (Bangalore)

No.1, Shankar House, 3rd Floor, RMV Extention, Mekhri Circle, Bangalore 560080 Ph. (080) 23616616 / 23612238 / 23611635 (FAX) Incharge : Mr J K Shivakumar, Sr. Divl. Manager Email : 421700do7bgl@orientalinsurance.co.in , jkshivakumar@orientalinsurance.co.in

421701

Branch Office 7 (Peenya), Bangalore

No.20, 1st Floor, 100 Feet Road, Jalahalli Cross, Bangalore 560057 Ph. (080) 28395900 / 23721043 / 28399530 Incharge : Mr C L Giridhar, Branch Manager Email : 421701bopeenya@orientalinsurance.co.in , clgiridhar@orientalinsurance.co.in No.5, 'Richmond Plaza', Ground Floor, Richmond Road, Bangalore 560025 Ph. (080) 22270055 / 22270546 Incharge : Mr M R Ananthakrishna, Branch Manager Email : 421703borichmnd@orientalinsurance.co.in , ananthakrishna@orientalinsurance.co.in No.22, II Floor, DVG Main Road, Basavanagudi, Bangalore 560004 Ph. (080) 26621204 / 26621203 / 26619550 / 26526890 (FAX) Incharge : Dr B Selvanayagam, Sr. Divl. Manager Email : 421800do8bgl@orientalinsurance.co.in , drselva@orientalinsurance.co.in

421703

Branch Office 15 (Richmond Road), Bangalore

421800

Divisional Office 8, Bangalore

421802

Indian Mutual Building, 1st Floor, No.221, Cubbonpet Main Road, N R Square, Bangalore 560002 Ph. (080) 22274954 / 22211507 / CBO (N R Square), Bangalore Incharge : Mr K Rudresh, Branch Manager Email : 421802bonrsquare@orientalinsurance.co.in , rudreshk@orientalinsurance.co.in No.19 / 1,1st Floor, III Cross, Chikkanna Gardens, Shankar Mutt Road, Shankarpuram, Bangalore 560004 Ph. (080) 26673344 / 26617935 / Incharge : , Email : 421803boshnkprm@orientalinsurance.co.in , Shashank Complex, I Floor, Shop No. 17 & 18, Opp. Sub

421803

Branch Office - 14 (Shankarapuram), Bangalore

421890

EC Kengeri

Registrar's Office, Kengeri, Bangalore 560060 Ph. (080) 2848 6673 Incharge : Mr Prakash Babu, Dev. Officer Email : 421890@orientalinsurance.co.in , prakash.babu@orientalinsurance.co.in Suvarna Towers, 1st Floor, No.70/5, Nagarbhavi Main Road, Vijayanagar, Bangalore 560040 Ph. (080) 23102254 / 23102257 / 23102259(FAX) Incharge : Ms Nalini Rao, Divl. Manager Email : 421900do9bgl@orientalinsurance.co.in , nalinirao@orientalinsurance.co.in

421900

Divisional Office 9, Bangalore

421901

Branch Office (Malleshwaram), Bangalore

Yethiraja Mutt Building, 2nd Floor, 199, 2nd Main Road, Malleshwaram, Bangalore 560021 Ph. (080) 23444561 / 23446763 / 23443987 Incharge : , Email : 421901bomalswrm@orientalinsurance.co.in ,

421902

Branch Office-16 (Seshadipuram), Bangalore

401/2, F-1, 1st Floor, Swastik Manandi Arcade, Opposite Seshadripuram Police St., Subedar Chatram Road, Bangalore 560020 Ph. (080) 23442430 / 23460196 / Incharge : Mr T G Sathyanarayana, Branch Manager Email : 421902boseshprm@orientalinsurance.co.in , tgsathyanarayana@orientalinsurance.co.in P.B. No. 48, Beauty Plaza, 2nd Floor, Balmatta Road, Mangalore 575001 Ph. (0824) 2427901 / 2421325 / 2421326 / 2442456 (FAX) Incharge : Mr B Sudhakara, Sr. Divl. Manager Email : 422200domgl@orientalinsurance.co.in , sudhakarab@orientalinsurance.co.in Krishna Prasad Building, Above Pabbas, M G Road, Lalbagh, Mangalore 575003 Ph. (0824) 2458418 / 2458518 Incharge : Mr Venkappa Naik, Branch Manager Email : 422203cbo1mgl@orientalinsurance.co.in , avnaik@orientalinsurance.co.in

422200

Divisional Office (Mangalore)

422203

Branch Office - 1 (Mangalore)

422207

Branch Office (Puttur)

Krishna Prasad Building, 1st Floor, Above Canara Bank, Main Road, Puttur 574201 Ph. (08251) 230979 / 230319 Incharge : Mr P N Shettigar, Sr. Branch Manager Email : 422207boputtur@orientalinsurance.co.in , pnshettigar@orientalinsurance.co.in Sathyavathi Complex, Main Road, Opp. Somayaji Industries, B C Road, Bantwal Tq 574211 Ph. (08255) 232580 Incharge : Mr Jagadish Shetty, Dev. Officer Email : 422290@orientalinsurance.co.in , jagadish.shetty@orientalinsurance.co.in No.1, 1st Floor, Thejas Complex, Sayyaji Rao Road , Mysore 570001 Ph. (0821) 2424181 / 2425393 / 2420342 / 2422433 (FAX) Incharge : Mr K N Narasimha Murthy, Divl. Manager Email : 422400do1mysore@orientalinsurance.co.in , narasimha@orientalinsurance.co.in No.618, I Floor, Chamaraja Double Road, Mysore 570004 Ph. (0821) 2441964 / 2524733 Incharge : , Email : 422406bo2mysore@orientalinsurance.co.in , Chandra Complex, 1st Floor, 42 / 1 Kalidasa Road, Mysore 570002 Ph. (0821) 2513127 / 2511849 Incharge : Mr B S Hippargirkar, Branch Manager Email : 422407bo3mysore@orientalinsurance.co.in , bshippargikar@orientalinsurance.co.in M H Boraiah Building, Adjacent to Sri Vidya Ganapathy Building, V V Road, Mandya 571401

422290

EC BC Road Mangalore

422400

Divisional Office 1 (Mysore)

422406

Branch Office - 2 (Mysore)

422407

Branch Office - 3 (Mysore)

422490

EC Mandya Incharge : Mr L Sriharsha, A O Email : 422490@orientalinsurance.co.in , New Muslim Hostel Complex, I Floor, Opp. Firebrigade, I Main, Saraswathipuram, Mysore 570004 Ph. (0821) 2547448 / 2547446/ 2343801 (FAX) Incharge : Mr Seethapathi, Sr. Divl. Manager Email : 422800do2mysore@orientalinsurance.co.in , seethapathi@orientalinsurance.co.in

422800

Divisional Office - 2 (Mysore)

422801

Branch Office (Madikeri)

Opposite Town Hall, 1st Floor, Madikeri 571201 Ph. (08272) 228691 Incharge : Mr K P Vijendra Kumar, Branch Manager Email : 422801madkeri@orientalinsurance.co.in , kpvijayandrakumar@orientalinsurance.co.in Girish Complex, I Floor, Agrahara Street, Chamarajanagar 571313 Ph. (08226) 722043 Incharge : Mr K Prasanna Kumar, Branch Manager Email : 422802bochrjngr@orientalinsurance.co.in , prasanna@orientalinsurance.co.in I Floor, Badshah Building, Opposite Clock Tower, Main Road, Virajpet, South Kodagu 571218 Ph. (08274) 257241 Incharge : Mr J Gopalan, Branch Manager Email : 422804bovirajpet@orientalinsurance.co.in , jgopalan@orientalinsurance.co.in No. 4/12, Naveen Complex, 1st Floor, Hebbal Main Road, Metagalli, Mysore 570016 Ph. (0821) 2500950 Incharge : Dr M S Thippeswamy, Branch Manager Email : 422805bometgli@orientalinsurance.co.in , drswamy@orientalinsurance.co.in Nagaprabha Chambers, 2nd Floor, 213-217, 3rd Main Road, 4th Cross, Chamrajpet, Bangalore 560018 Ph. (080) 22420662 / 22425164 / 26678628 (FAX) Incharge : Mr A N Kumaraswamy, Divl. Manager Email : 423000do10bgl@orientalinsurance.co.in , ankumaraswamy@orientalinsurance.co.in

422802

Branch Office (Chamarajanagar)

422804

Branch Office (Virajpet)

422805

Branch Office (Metagalli)

423000

Divisional Office - 10 (Bangalore)

423001

City Branch Office 13 (R.V.Road), Bangalore

1181, I Floor, 26th Main, Near Ragigudda temple, 9th Block, Jayanagar, Bangalore 560069 Ph. (080) 26535460 Incharge : Mr N R Lakshminarayana, Branch Manager Email : 423001borvroad@orientalinsurance.co.in , nrlakshminarayana@orientalinsurance.co.in

423100

Divisional Office 11 (Bangalore)

663, 1st Floor, I Main, Defence Colony, Indira Nagar I Stage, Bangalore 560038 Ph. (080) 25256147 / 25251749 / 25215662 (FAX) Incharge : Mr B Krishnananda, Divl. Manager Email : 423100do11bgl@orientalinsurance.co.in ,

bkrishnananda@orientalinsurance.co.in No. 6, 80 feet road, III 'B' Block, 7th Main, Koramangala, Bangalore 560034 Ph. (080) 25631719 / 25631496 Incharge : Mr Raghurama Shetty, Branch Manager Email : 423101boadugodi@orientalinsurance.co.in , Jayalaxmi Mansions, 2nd Floor, Above Bank Of Baroda, 1001/56, Dr. Rajkumar Road, Bangalore 560010 Ph. (080) 23381583 / 23109163 / 23381585 (FAX) Incharge : Mr T Nagappa, Sr. Divl. Manager Email : 423200do12bgl@orientalinsurance.co.in , tnagappa@orientalinsurance.co.in

423101

Branch Office (Adugodi), Bangalore

423200

Divisional Office - 12 (Bangalore)

Bhagyashree Child Welfare Policy


Brief Description: This scheme is meant only for one orphaned girl child in a family in the age group of 0 to 18 years who has lost either one or both the parents in accident only. The unique feature of this policy is that though insured is a girl child but the death of her parents is covered Covered Risks: The policy covers death of one or both parents of the girl by accident caused by external, violent and visible means would include death or permanent total disablement arising out of or traceable to slipping, falling from the mountain, insect bites, snakes and animals bite, drowning, washing away in floods, landslide, rockslide, earthquake, cyclone and other commotions or nature and/or calamities, murder or terrorist activities In case of women it also includes death and PTD due to surgical operations such as sterilisation, caesarean, hysterectomy i.e. removal or uterus and removal or breasts due to cancer operations, death at the time of child birth provided that such death occurs during the surgical operation in hospital/nursing home or whilst being in the hospital/nursing home after such surgery convalescence. However not beyond a period of 7 days from the date of surgical operations. Major Exclusions: Pre-existing disability, death, injury or disablement arising from or traceable to whilst under the influence of intoxication, liquor and drugs, Death caused by earthquake or other convulsions of nature, suicide and intentional self-injury. Death or injury directly or indirectly caused by insanity, nuclear weapons etc.

Burglary and House Breaking Insurance Policy


Brief Description: This policy covers contents of business premises against the risk of loss or damage by burglary and house breaking. The property that can be covered are Stock - in - trade; Goods -in- trust or on commission for which the insured is responsible; Fixtures, fittings and utensils in trade; Cash and currency notes secured in locked safe. Covered Risks: Burglary or house breaking of property following upon felonious entry of the premises by violent means; Damage to the premises by the burglars. Major Exclusions: Where any inmate or insured's family members or business staff is involved; By larceny, Consequent upon fire and explosion. Loss of cash following the use of keys, Earthquake and natural perils. Riot, strike and civil commotion, War and nuclear risks

Cycle Rickshaw Policy


Brief Description: This policy is to provide financial relief to the owner/driver/passenger(s)/third party victims as a result of accidents involving cycle rickshaws operating throughout the length and breadth of the country. Covered Risks: Damage to the cycle rickshaw by accident, fire, lightning, burglary or house breaking, riot strike and malicious act, flood, cyclone, storm and similar convulsions of nature. Major Exclusions: Wear and tear, repairing or replacing rubber tires, lamps etc.

Gun Insurance
Brief Description: This policy covers loss or damage including the bursting of barrels of the guns belonging to the insured. This policy is divided into four sections. The first section covers loss or damage to the guns; the second section covers public liability arising out of the use of the gun; the third section covers loss of or damage to the insured' property and contents arising out of use of the gun; and the last section covers the employers liability as per WC Act. Major Exclusions: There are specific exclusions to every section.(Please see the policy for details)

Householders Insurance Policy


Brief Description: The House holder's Insurance Policy is a comprehensive shelter that protects your house and the various contents in it against a variety of risks. It is a single policy that takes care of a number of contingencies. The policy is divided into 10 sections. Sec 1(B) and a minimum of any 2 other sections are compulsory. Section 1: Fire and Allied Perils. Section 2: Burglary. Section 3: All risks. Section 4 : Plate Glass. Section 5 : Breakdown of domestic appliances. Section 6: T.V. Set. Section 7 : Pedal Cycles. Section 8 : Baggage Insurance. Section 9: Personal Accident. Section 10: Public Liability Covered Risks: Buildings of class 'A' construction, Plate Glass, Breakdown of domestic appliances, T.V. Set, Pedal Cycles,Baggage Insurance, Personal Accident, Public Liability

Insurance Policy for Mobile/Cellular Phone


Brief Description: This policy offers a comprehensive cover that protects Mobile Cellular Phones and Pagers against a variety of risks. Volume discount is available if more than 25 instruments are insured. Covered Risks: Mobile Cellular Phones and Pager can be covered against the risk of fire, theft Terrorist activity, Riot and Strike. The policy can be extended to cover the misuse of the instrument. Major Exclusions: Damage due to war and nuclear perils, wear and tear, overloading, detention or confiscation by customs or other Government authorities

Insurance Policy for Pager


Brief Description: This policy offers a comprehensive cover that protects Pagers against a variety of risks. Volume discount is available if more than 25 instruments are insured. Covered Risks: Pagers can be covered against the risk of fire, theft Terrorist activity, Riot and Strike. The policy can be extended to cover the misuse of the instrument. Major Exclusions: Damage due to war and nuclear perils, wear and tear, overloading, detention or confiscation by customs or other Government authorities

Raj Rajeswari Mahila Kalyan Bima Yojana


Brief Description: This scheme is designed to cover all cross sections of women in the age group of 10 to 75 years irrespective of their income, occupation or vocation. The scheme would benefit housewives, students, domestic labour, skilled or unskilled labour and other women engaged themselves in similar or other types of activities in rural, semi-urban areas. Covered Risks: The policy covers Loss of limbs or eye sight. Death or disability by accident caused by external, violent and visible means would include death or permanent total disablement arising out of or traceable to slipping, falling from the mountain, insect bites, snakes and animals bite, drowning, washing away in floods, landslide, rockslide, earthquake, cyclone and other commotions or nature and/or calamities, murder or terrorist activities In case of women it also includes death and PTD due to surgical operations such as sterilisation, caesarean, hysterectomy i.e. removal or uterus and removal or breasts due to cancer operations, death at the time of child birth provided that such death occurs during the surgical operation in hospital/nursing home or whilst being in the hospital/nursing home after such surgery convalescence. However not beyond a period of 7 days from the date of surgical operations. Major Exclusions: Pre-existing disability, death, injury or disablement arising from or traceable to whilst under the influence of intoxication, liquor and drugs, Death caused by earthquake or other convulsions of nature, suicide and intentional self-injury. Death or injury directly or indirectly caused by insanity, nuclear weapons etc.

Suhana Safar Domestic Policy


Brief Description: This policy covers the risks of Personal Accident and Loss of baggage during the period of travel. The premium is as low as Rs 80/- per person. The cover is available to the Insured his spouse and dependent children travelling with him. The policy is available for a single round trip for a period not exceeding 60 days. This policy can be extended for longer travel also. Covered Risks: Personal Accident Risk covers Rs.1 lakh in addition to emergency expenses of Rs 1000/- per head. Loss or damage to the baggage due to fire, riots, strike,terrorism,storm ,tempest, accident, theft or burglary. Major Exclusions: Loss of jewellery, money, securities, travellers cheque, share certificates etc. are not covered. Accident due to intentional self-injury or under the influence of alcohol is excluded.

TV VCR VCP Insurance Policy


Brief Description: This policy covers televisions, VCP and VCR used both for private and commercial purpose. This policy can be extended to cover legal liability to the public for personal injury or property damage caused by any part of TV installation or antenna. By paying an additional premium portable sets can also be covered. Covered Risks: Any loss or damage except specifically excluded. Major Exclusions: Loss occurred while cleaning, repairing or renovating; Loss or damage caused by vermin, insects moth or inherent defects. Detention or confiscation by Govt. Authorities.

Gram in Accident Insurance


Brief Description: We all in our day to day life are exposed to the risks of accidents. Despite all possible precautions accidents do occur. This may result into disablement or loss of limbs or sight in eyes or sometimes even death. To cater to this need this cover is devised for any person between the age group of 10 to 70 years irrespective of his occupation, income, etc. Covered Risks: This policy provides compensation in the event of death or permanent total disablement or loss of limbs or sight in eyes. Major Exclusions: Intentional self injury, suicide or attempted suicide, Accident while the insured is under the influence of intoxicating liquor or drugs, loss caused by insanity, loss due to breach of law with criminal intent, War and allied perils, nuclear radiation.

Group Mediclaim Policy


Brief Description: Mediclaim Insurance is a cover which takes care of medical expenses following Hospitalisation/Domiciliary Hospitalisation of the Insured in respect of the following situations: (A) In case of a sudden illness (B) In case of an accident (C) In case of any surgery which is required in respect of any disease which has arisen during the policy period. The major benefit for taking a Group Mediclaim policy is that the insured gets a Group discount; hence the premium per person is lower. Covered Risks: This cover is a hospitalisation cover and reimburses the medical expenses incurred in respect of covered disease /surgery while the insured was admitted in the hospital as an inpatient. The cover also extends to pre- hospitalisation and post- hospitalisation for periods of 30 days and 60 days respectively Major Exclusions: Any pre-existing disease, any expense incurred during first 30 days of cover except injury due to accident, all expenses incurred in respect of any treatment relating to pregnancy and child birth. Treatment for Cataracts, Benign prostatic hypertrophy, Hysterectomy, Menorrhagia or Fibromyoma, Hernia, Fitula of anus, Piles, Sinusitis, Asthma, Bronchitis, All Psychiatric or Psychosomatic disorders are excluded from the scope of the cover

Individual Mediclaim Policy


Brief Description: Mediclaim Insurance is a cover which takes care of medical expenses following Hospitalisation/Domiciliary Hospitalisation of the Insured in respect of the following situations: (A) In case of a sudden illness (B) In case of an accident (C) In case of any surgery which is required in respect of any disease which has arisen during the policy period. Covered Risks: This cover is a hospitalisation cover and reimburse the medical expenses incurred in respect of covered disease /surgery while the insured was admitted in the hospital as an in patient.The cover also extends to pre- hospitalisation and post- hospitalisation for periods of 30 days and 60 days respectively Major Exclusions: Any pre-existing disease, any expense incurred during first 30 days of cover except injury due to accident, all expenses incurred in respect of any treatment relating to pregnancy and child birth. Treatment for Cataracts, Benign prostatic hypertrophy, Hysterectomy, Menorrhagia or Fibromyoma, Hernia, Fitula of anus, Piles, Sinusitis, Asthma, Bronchitis, All Psychiatric or Psychosomatic disorders are excluded from the scope of the cover

Jan Arogya Bima Brief Description : This policy provides for Hospitalisation and Domiciliary hospitalisation for a premium as low as Rs 70/- for a adult male or female and Rs 50/- for each dependent son/daughter not exceeding 25 years of age. The benefits are up to Rs 5000/- per person per annum without any inner limits. This insurance is available to persons between the age of 5 years and 70 years. Children between the age of 3 months and 5 years of age can be covered provided one or both the parents are covered concurrently. Covered Risks : This cover is a hospitalisation cover and reimburse the medical expenses incurred in respect of covered disease /surgery while the insured was admitted in the hospital as an in patient.The cover also extends to pre- hospitalsation and post- hospitalisation for periods of 30 days and 60 days respectively Major Exclusions : Any pre-existing disease,any expense incurred during first 30 days of cover except injury due to accident,all expenses incurred in respect of any treatment relating to pregnancy and child birth. Treatment for Cataracts,Benign prostatic hypertrophy,Hysterectomy, Menorrhagia or Fibromyoma, Hernia,Fitula of anus,Piles, Sinusitis, Asthma,Bronchitis, All Psychiatric or Psychosomatic disorders are excluded from the scope of the cover

Janata Personal Accident Policy Brief Description : We all in our day to day life are exposed to the risks of accidents. Despite all possible precautions accident do occur. This may result into disablement or loss of limbs or sometimes even death. To give relief to the insured or its family, this scheme was devised. Covered Risks : This policy provides compensation in the event of death or permanent disablement or loss of limbs or sight in eyes. Major Exclusions : Intentional self injury, suicide or attempted suicide,Accident while the insured in under the influence of intoxicating liquor or drugs, loss caused by insanity,loss due to breach of law with criminal intent, War and allied perils, nuclear radiation.

Nagrik Suraksha Policy Brief Description : A novel accidental insurance cover for any citizen of India in the age group of 5 years to 70 years for FAMILY PACKAGE and 18 years to 70 years for INDIVIDUAL/GROUP COVER. Individual policies ranging between one year to four years and group policies 12 months. MINIMUM SUM RS.ONE LAC-MAXIMUM RS.FIVE LACS WITH AN OPTION OF ENHANCEMENT OF MINIMUM LIMIT OF SUM INSURED IN MULTIPLES OF RS.25,000/UPTO A MAXIMUM OF RS.5,00,000/-. Covered Risks : COMPENSATION FOR ACCIDENTIAL INJURIES AND/OR REIMBURSEMENT OF EXPENSES INCURRED AT HOSPITAL AS A RESULT OF ACCIDENTAL INJURIES SUBJECT TO LIMITS SPECIFIED IN THE POLICY

Overseas Mediclaim Business and Holiday Brief Description : This policy provides indemnity for expenses incurred for medical treatment for illness,disease contracted or injury sustained during overseas travel and which is primarily in the nature of an emergency and which is necessary to be undertaken immediately.Eligibility - 1) Indian Residents undertaking bonafide trips abroad for: a) business and offical purposes b) holiday purpose 2) Foreign Nationals working in India. This insurance is valid from the first day of insurance and expires on the last day of the number of days specified in the policy,or on return to India,whichever is earlier. In case of a frequent traveller abroad,there is a special policy which covers all the trips undertaken during the period of 12 months. Covered Risks : Since the cover is available as per plans, the expenses would be reimbursed up to limits prescribed under the plan opted for.

Overseas Mediclaim Employment and Study Brief Description : This policy provides indemnity for expenses incurred for medical treatment for illness,disease contracted or injury sustained during overseas travel and which is primarily in the nature of an emergency and which is necessary to be undertaken immediately. The minimum period of cover is 2 months,and maximium is 12 months.If necessary, the policy can be renewed.The sum insured is US$ 75,000.The premium has to be paid in US dollars,irrespective of the country of visit. Covered Risks : The policy consists of 2 sections covering different risks.Since the cover is available as per plans, the expenses would be reimbursed up to limits prescribed under the plan opted for. Please see the policy for more details Major Exclusions : This policy cannot be issued for less than 2 months.Any claims for dental treatment except as a result of injury; Pregnancy including miscarriage and child birth.

Personal Accident - Group Brief Description : We all in our day to day life are exposed to the risks of accidents. Despite all possible precautions accidents do occur. This may result into disablement or loss of limbs or sometimes even death. To cater to this need insurers has devised an insurance cover, known as Personal Accident Insurance. This policy provides compensation in the event of insured sustaining injuries, solely and directly from an accident caused by violence, visible and external means, resulting into death or disablement be it temporary or permanent. This policy is also available to a Group of Persons and is known as Group Personal Accident Policy. This policy can be granted for restricted hours of Duty and not for all the 24 hours of the days and nights) at a reduced premium also. A group policy is subject to Group Discount also Covered Risks : This policy provides compensation in the event of insured sustaining injuries, solely and directly from an accident. Major Exclusions : Intentional self injury, suicide or attempted suicide, Death or disablement resulting from child birth and pregnancy; Accident while the insured is under the influence of intoxicating liquor or drugs; War and allied perils.

Personal Accident - Individual Brief Description : We all in our day to day life are exposed to the risks of accidents. Despite all possible precautions accidents do occur. This may result into disablement or loss of limbs or sometimes even death. To cater to this need insurers has devised an insurance cover, known as Personal Accident Insurance. This policy provides compensation in the event of insured sustaining injuries, solely and directly from an accident caused by violence, visible and external means, resulting into death or disablement be it temporary or permanent. There are some additional benefits without paying additional premium. Cumulative Bonus, Children Education Fund, Reimbursement of expenses for the carriage of the dead body. There is a discount for family package cover. Covered Risks : This policy provides compensation in the event of insured sustaining injuries, solely and directly from an accident. Major Exclusions : Intentional self injury, suicide or attempted suicide, Death or disablement resulting from child birth and pregnancy; Accident while the insured is under the influence of intoxicating liquor or drugs; War and allied perils.

Professional Indemnity Errors & Omissions Insurance For Chartered Accountants/Financial Accountants/Management Consultants/ Lawyers/ Advocates/ Solicitors/Counsels Brief Description : The Policy will indemnify the Insured in respect of ERRORS and / or OMISSIONS on the part of the Accountants (Chatered Accountants,Financial Accontants,Management Consultants)/Lawyers (Advocates/Solicitors/Counsels),his named employees, partners while rendering professional services.In normal course all claims for compensation have to be legally establised in the court of law. Covered Risks : All sums which the insured becomes legally liable to pay as damages to third party in respect of Errors and/or Omissions on the part of the Insured whilst rendering professional services, arising out of claims first made in writing against the insured during the policy period, including legal costs and expenses incurred with the prior consent of insurer, subject to the limits of indemnity. Major Exclusions : When any liability arises out of any criminal act or act commited in violation of any law or ordinance, services rendered while under the influence of intoxicants or narcotics.

Professional Indemnity Errors & Omissions Insurance Policy for Consulting Engineers/Architects & Interior Decorators Brief Description : This policy is available for professionals in their individual capacities and /or as firms either on annual basis or on project basis.The policy holder or the insured and their named employees will be indemnified for all sums they become legally liable to pay to their client as (1) Material Damage -ie destruction/damage/ loss to a tangible property (2) Construction Damage - wrong planning done by the insured.(3) Death ,bodily injury attributable to error. Covered Risks : All sums which the insured becomes legally liable to pay as damages to third party in respect of Errors and/or Omissions on the part of the Insured whilst rendering professional services, arising out of claims first made in writing against the insured during the policy period, including legal costs and expenses incurred with the prior consent of insurer, subject to the limits of indemnity. Major Exclusions : When any liability arises out of any criminal act or act commited in violation of any law or ordinance, services rendered while under the influence of intoxicants or narcotics.

Professional Indemnity Policy For Doctors And Medical Practitioners Brief Description : This Policy is for the Doctors who are registered with IMA. This Policy will indemnify any act committed by the Insured who shall be a Registered Medical Practitioner, giving rise to any Legal Liability to Third Parties. The Insured includes the Policy Holder and his Qualified Assistants or employees named in the Proposal. The Act has to be commited during the period of insurance commencing from the Retroactive Date. In the normal course all claims for compensation have to be legally established in a Court of Law. Jurisdiction applicable will be Indian Courts. The limit of indemnity granted under the Policy for Any One Accident(AOA) or Any One Year(AOY) (per accident per policy year) will be identical. No Short period policies are permitted. Registered Medical Practitioners shall be classified as: 1) Physicians, 2) Pathologists, 3) Oncologists, 4) Cardiologists, 5) Psychiatrists, 6) Radiologists or Roentgenologists, 7) General Surgeons, 8) Plastic Surgeons, 9) Orthopaedic Surgeons, 10) Urologists, 11) Abdominal Surgeons, 12) Thoracic Surgeons, 13) Neuro Surgeons, 14) Cardio-Vascular Surgeons, 15) Otorhinolarynologists, 16) Prootologists, 17) Ophthalmalogic Surgeon, 18) Ophthalmalogic Physician (Excluding Surgery), 19) Obstetrician and Gynaecologist, 20) Physician and nonspecialist Surgeon, 21) Other Practitiones - describe fully Covered Risks : ERRORS and OMISSIONS on the part of the Medical Practioners, Physicians and Surgeons Major Exclusions : Criminal act, services rendered under the influence of intoxicants or narcotics, Third party Public Liability, claims under cosmetic plastic surgery, hair transplants, punch grafts, flap rotations etc.

Professional Negligence Errors and Omissions Insurance Policy For Medical Establishments Brief Description : The Policy will indemnify the Insured in respect of any act committed by the Professionals or Qualified Assistants named in the Proposal engaged by the Medical Establishment which gives rise to any Third Party Legal Liability. Such activities will be part of the declared medical activities of the establishment. Such an act would have taken place in the duration of the Policy commencing from the retroactive date. In the normal course all claims for compensation have to be legally established in a Court of Law. Only Indian Law shall be applicable to such action. The Limits of Indemnity would be to any one year limit under the policy. Short period policies are not permitted. Medical Establishments shall be Registered with Competent Authority as per the Local Regulations. The Medical Establishment should have: 1) at least 10 in-patient facility, 2) a fully equipped Operation Theatre of its own, 3) fully qualified Nursing Staff in its employment round the clock, unless indicated to the contrary and additional premium paid, 4) fully Qualified Doctors. Doctor should be in charge round the clock. Covered Risks : List of eligible Medical Establishments: 1) Laboratories and Diagnostic Centres, 2) Hospitals, 3) Mental Homes, 4) Nursing/Convalescent Homes, 5) Homes for Physically Disabled, 6) Clinics, 7) Dispensing Pharmacies, 8) Veterinary Hospitals and / or Clinics Major Exclusions : Criminal act, services rendered under the influence of intoxicants or narcotics, Third party Public Liability, claims under cosmetic plastic surgery, hair transplants, punch grafts, flap rotations etc.

Sports Insurance Policy Brief Description : This is a sort of a comprehensive cover available to amateur sportsmen covering their sporting equipment,personal effects,legal liability and personal accident risks.If desired, the cover can also be made available in respect of the named member/s of the insured's family residing with him Covered Risks : Loss or damage to sporting equipment,accessories and sporting apparel;Loss or damage to personal effects and clothing caused by fire, burglary, house breaking or theft;Legal liability of the insured towards public arising out of an accident;Accidental bodily injury to the insured while practising the sport. Major Exclusions : Breakage of cricket bats, racquet strings,angling lines; Loss or damage arising from moth etc; War and nuclear perils.

Electronic Equipment Insurance Policy Brief Description : This policy offers you financial protection in case your electronic equipment suffers accidental electrical and machinery breakdown requiring repairs and /or replacement. This policy covers all types of computers including micro - processors, word - processors, tele - communication instruments, machine for medical use, films and television studio equipment, electronic score boards etc Covered Risks : Under this insurance you are covered against all kinds of accidental, Electrical and Mechanical breakdowns due to internal causes ,external causes and operational deficiencies. Major Exclusions : Damage due to any cause for which the manufacture and/ or supplier is responsible, Defects existing at the time of taking insurance known to the insured but not known to the Insurers, Loss or damage due to interruption caused by the failure of electricity service or supply.

Fidelity Guarantee Policy - Floating Group Brief Description : The policy covers direct pecuniary loss caused by an act of fraud or dishonesty committed by any salaried person employed by the insured. This loss should have occurred in connection with the employee's duties, during the period of his employment and should be discovered within six months of his/her death, dismissal or retirement or six months after the policy ceases to exist, whichever is earlier. This policy can be extended to cover a number of employees, without specifying the names of the employees. Only the total guaranteed amount is stated and any loss up to that sum is covered whether resulting from default of one or more employees. Covered Risks : The policy covers direct pecuniary loss caused by an act of fraud or dishonesty committed by any salaried person employed by the insured.

Fidelity Guarantee Policy - Individual Named Brief Description : The policy covers direct pecuniary loss caused by an act of fraud or dishonesty committed by any salaried person employed by the insured. This loss should have occurred in connection with the employee's duties, during the period of his employment and should be discovered within six months of his/her death, dismissal or retirement of the employee, or six months after the policy ceases to exist, whichever is earlier. Covered Risks : The policy covers direct pecuniary loss caused by an act of fraud or dishonesty committed by any salaried person employed by the insured.

Money Insurance Policy Brief Description : Cash insurance is a cover which indemnifies the insured against loss of money.Money includes current coin, Bank and currency notes,cheques,postal orders, and current postage stamps. There are four situations where loss is covered.(1) Cover is available for money drawn for the payment of wages,salaries and other earnings or for petty cash in direct transit from the bank to the insured premises.(2) Money other than described in item (1)in the personal custody of the insured or the authorised employees of the insured whilst in direct transit between the premises and the bank or Post Office (3) Money other than described in item (1) and (2) collected by and in the personal custody of the Insured or the authorised employees of the insured whilst in transit to the premises or bank within a period not exceeding 48 hours from the time of collection. Major Exclusions : Shortage of money due to error or omission,loss of money entrusted to any person other than the insured or an authorised employee of the insured (for full details refer to the policy),Consequential loss,Loss due to flood, cyclone and other convulsions of Nature,Loss due to war and warlike operations.

Multi Peril Policy For LP Gas Dealers Brief Description : The LPG Dealers Indemnity Policy is a comprehensive insurance policy, that seeks to provide protection to LPG Dealers against different kinds of risks and perils. By opting for this single policy, the LPG Dealer covers the risks his business is likely to encounter while concentrating on his business activity. The policy is divided into 10 sections and covers contents in the office: Gas cylinders in transit; Money in transit; Fidelity guarantee of his employees, Pedal cycle and tricycles; Public Liability and Employer's liability; Personal Accident for himself, his partners and Directors; Personal Accident to any customer; Accident breakage of glass fixed at the premises; Damage to Neon Sign/Glow Sign at the office premises. Covered Risks : Different section have different coverage.(Please see the policy for details) Major Exclusions : Different section have different exclusions.(Please see the policy for details)

Neon Sign Policy Brief Description : Loss and damage to Neon signs and Glow signs belonging to the Insured are covered Covered Risks : Fire,lightning,external explosion or theft,riot strike malicious act,flood innudation, storms are covered

Office Umbrella Policy Brief Description : The Office Umbrella Policy is a comprehensive insurance policy,specially designed by 'ORIENTAL' that seeks to provide protection to your Office against different kinds of risks and perils. By opting for this single policy,the office owner covers the risks his business is likely to encounter while concentrating on his business activity. This policy is suitable for large offices owned by big companies as well as small and medium sized offices like Travel Agencies, Professionals like Chartered Accountants, Consultants, Architects, Interior Decorators, Engineers or any other service provider. These offices could be your Corporate Offices or Zonal Offices or Area Offices or any other operating office. In addition the policy has special provisions for covering Medical Establishments, including Doctor's Clinics. Covered Risks : Section 1:- Buildings inclusive of : Landlord's Fixture and Fittings, Boundary Wall and fences belonging to Insured's or for which he is responsible. Section 2A:-Contents contained in the office. Section 2B:-Tenant's legal liability. Section 3:-Money Insurance. Section 4:-Fixed glass and sanitary fittings. Section 5:-Fidelity Guarantee. Section 6:- Electronic Equipment Insurance. Section 7:- Alternate Accomodation. Section 8:- Personal accident. Section 9:- Breakdown of office appliances. Section 10:- Baggage. Section 11:- Liability Insurance. Section 12 :- Business Interruption

Plate Glass Insurance Policy Brief Description : This policy is evolved to give coverage against the risk of loss of or damage to fixed Plate Glass by breakage. Covered Risks : Accidental breakage of fixed Plate Glass belonging to the insured. Major Exclusions : Fire or explosion, riot strike & malicious acts, typhoon, flood, hurricane, volcanic erruption, earthquake or other convulsion of nature, war and allied perils, cracks and damages to framework.

Shopkeeper's Insurance Policy Brief Description : The Shopkeepers Insurance Policy is a comprehensive, specially designed policy that seeks to cover the losses arising out of a wide variety of risks and perils.It lets the shopkeeper concentrate on running his business, free of many worries. The policy is divided into 11 convenient sections. Only Sec I(B), II and minimum of two other Sections are compulsory. Covered Risks : The contents in the shop against burglary and housebreaking, Money in transit,Pedal Cycle, Plate glass, Neon and Glow Sign, Baggage, Personal Accident, Fidelity Guarantee, Liability, Business Interruption.

All Risks Insurance Brief Description : This policy offers very comprehensive protection to the insured property against many perils including any accident or misfortune not expressly excluded Covered Risks : Fire, riot and terrorist activity: burglary, housebreaking, larceny ; accidental loss or damage Major Exclusions : Loss or damage arising from moth, insects mildew etc; Breakage of tortoise shell glass, china etc; over winding or internal damage of watches or clocks. All loss due to convulsions of nature; War and nuclear risks etc.

Contractor's All Risk Insurance Policy Brief Description : Contractor's All Risk Insurance offers comprehensive and adequate protection against loss or damage in respect of contract works, construction plant and equipment and/ or construction machinery, as well as third party claims in respect of property damage or bodily injury arising in connection with the execution of a civil engineering project. This policy is extremely useful for consulting engineers, architects and financiers because it contributes to reducing the overall construction expenses and at the same time offers efficient financial protection for all parties concerned. Covered Risks : Contractor's All Risk provides 'all risk' cover unless the hazard is specifically excluded. It covers the risk of fire ,lightning, explosion, flood, inundation, rain, snow, earthquake, theft, burglary, bad workmanship, lack of skill, negligence, human er Major Exclusions : This policy is subject to only few exclusions. Loss or damage to nuclear reaction, consequential loss, loss or damage due to faulty design, loss or damage due to war or war-like operation etc

Employers Liability Insurance Brief Description : The employer become liable for paying compensation to the injured employee or to their heirs of the deceased employee, for an accidental injury arising in course of employment ,whether there is any negligence of the employer or not. Covered Risks : Table A provides cover under the provisions of WC act 1923,Fatal Accident Act 1855, Common Law. Table B provides cover for Fatal Accident Act 1855 and Common Law only Major Exclusions : Please go through the policy for details.

Fire Policy 'C' Brief Description : This policy is available to Large Business Houses and Godowns and the premium is charged on differential rating depending upon the hazard involved with special provisions to extend cover to include damage due to Floods, Storms, Cyclones, Tempests, Earthquake & Landslides etc. Covered Risks : Large Business Houses and Godowns

Industrial All Risk Insurance Policy Brief Description : This policy is a Compehensive Package Policy which covers almost all risks and perils, which a large industry may face during its operation.This policy covers Buildings, Machinery, Furniture, Fixtures, Fitting & electrical installations on Reinstatement value, while the stock is covered on market value basis. Underinsurance on each item of the schedule will be ignored if it does not exceed 15% of sum insured. Policy also covers equipments and machinery sent for repairs outside the premises for a period of 60 days. Transit risk inside the compound of an industry is also covered. Covered Risks : Bursting and overflowing of water tanks, apparatus and pipes, Deterioration of stocks due to power failure following damage to premises of public power stations and electric service feeders (for Cold Storages), Forest fire, Leakage and Contamination cover, Spoilage Material Damage cover, Sprinkler leakage cover, Subterranean fire, Spontaneous and Landslide cover, Burglary (other than Larceny), Machinery Breakdown/Boiler explosion/Electronic Equipment, Business Interruption following fire, Business Interruption following Machinery Breakdown Major Exclusions : Damage to the property caused by faulty or defective design materials or workmanship, inherent vice, wear and tear etc. Interruption of water supply, gas, electricity or fuel systems. Collapse or cracking of the building. Willful act or gross negligence. War, Invasion, mutiny, rebellion, revolution etc. Damage direct or indirect by nuclear weapons material and contamination by radioactivity.

Machinery Insurance Policy Brief Description : Machinery Breakdown Insurance offers you financial protection in case your machine suffers accidental, electrical and m breakdown requiring repairs and/or replacement. Machinery Breakdown Insurance covers all types of Industrial equipment like Turbines, Compressors, Generators, Transformers, Rectifiers, Electric Motors, Diesel Engines, Pumps, Wind Mills, etc. Covered Risks : All kinds of Accidental, Electrical and Mechanical Breakdown due to internal causes, external causes, operational deficiencies and human errors. Internal damage due to faulty material, defects in casting, faulty construction, overheating of parts, short circuit, faulty erection, disruption in case of rotating bodies due to centrifugal forces, failure of operations of safety devices etc. External causes include collision or impact from lifting machines or cranes, accidental falls during shifting Major Exclusions : Damage due to any cause for which the manufacturer and/or supplier is responsible. Overloading operations, experiments. Gradually developing flaws, defects, cracks etc. Willful act or gross negligence of Insured or his responsible representative. Any type of consequential loss.

Machinery Loss Of Profit Insurance Policy (Out-Put Basis) Brief Description : An Industrialist suffers a loss due to unforeseen damage to the machinery. Many a times the time lag between the breakdown and the completion of repairs is too long and the consequential loss is substantial.The Machinery Loss of Profit policy covers consequential loss suffered by the insured as an inevitable consequence of breakdown of any machinery due to an accident. Covered Risks : The cover is in respect of the actual loss due to the business interruption which leads to (1) reduction in Turnover and (2)increase in cost of working Major Exclusions : Willful negligence of the insured,Spoilage of raw materials, semi finished goods, War and allied perils, Loss of good will of the customers etc

Standard Fire and Special Perils Policy (Material Damage) Brief Description : This policy covers properties of the insured from the dangers of Fire & various other perils (which also includes Riots, Strike & Terrorism) for a small premium. This policy is available to a wide range of properties. From a unit of an Artisan, Small Scale Industries, Cottage Industry to a Large Business Houses and Petrochemical Complex all are covered under a single policy. If desired Dwelling can be covered for a period of 10 years also. Covered Risks : Fire,Lightning,Explosion/Implosion,Aircraft damage,Riot and Strike,Impact Damage,Subsidence,Bursting or overflowing of water tank Sprinkler Leakage,Bush fire excluding forest fire. Major Exclusions : War and warlike operations,Ionisation,Pollutions/Contamination -not due to insured peril,Stocks in cold storage due to temperature change.

Commercial Vehicle - Goods Carrying 'B' Policy Brief Description : Any transport vehicle /car /omnibus whose unladen weight is more than 7,500 kgms or is used for carrying goods/passengers is classified as Commercial Vehicle. On paying extra premium the policy may be extended to cover liabilities to the employees who may be travelling in the vehicle,but is not a paid driver ;Legal liabilities to the person employed in connection with the operation & maintenance of the vehicle. Covered Risks : Fire,Explosion, Lightning,Burglary and Theft,Riot and Strike, Typhoon,Hurricane,Storm, Tempest, Malicious act,Earthquake,Flood,Terrorist activity,Landslide/Rockslide. It also covers damages by accidental, external means while in transit by rail/road, inland water, lift or air in addition to the legal liability required by law Major Exclusions : Consequential loss,Depreciation,Wear & tear, Mechanical/ electrical breakdown, failures or breakages,Damage to tyres unless the motor car is damaged at the same time and any accidental loss or damage suffered while the person driving is under the influence of intoxicating liquor or drugs.

Motor Cycle Package Policy Brief Description : Any two wheeled vehicle (inclusive of detachable side car) which is used only for social,domestic and pleasure purposes and insured's own business can be covered under this policy. The policy does not cover use for Hire or Reward, Organised racing, Speed testing and carriage of goods (other than samples) in connection with any trade or business or use for any purpose in connection with MOTOR TRADE. On payment of extra premium the policy may be extended for Personal Accident cover as well. Covered Risks : Fire,Explosion, Lightning,Burglary and Theft,Riot and Strike, Typhoon,Hurricane,Storm, Tempest, Malicious act,Earthquake,Flood,Terrorist activity,Landslide/Rockslide. It also covers damages by accidental, external means while in transit by rail/road, inland water, lift or air in addition to the legal liability required by law. Major Exclusions : Consequential loss,Depreciation,Wear & tear, Mechanical/ electrical breakdown, failures or breakages,Damage to tyres unless the motor car is damaged at the same time and any accidental loss or damage suffered while the person driving is under the influence of intoxicating liquor or drugs.

Private Car Package Policy Brief Description : A Private Car is defined as any transport vehicle /car /omnibus whose unladen weight does not exceed 7,500 kgms and is used only for social,domestic and pleasure purpose and insured's own business. The policy does not cover use for Hire or Reward, Organised racing, Speed testing and carriage of goods (other than samples) in connection with any trade or business or use for any purpose in connection with MOTOR TRADE. On payment of extra premium the policy may be extended for Personal Accident cover as well. Covered Risks : Fire,Explosion, Lightning,Burglary and Theft,Riot and Strike, Typhoon,Hurricane,Storm, Tempest, Malicious act,Earthquake,Flood,Terrorist activity,Landslide/Rockslide. It also covers damages by accidental, external means while in transit by rail/road, inland water, lift or air in addition to the legal liability required by law Major Exclusions : Consequential loss,Depreciation,Wear & tear, Mechanical/ electrical breakdown, failures or breakages,Damage to tyres unless the motor car is damaged at the same time and any accidental loss or damage suffered while the person driving is under the influence of intoxicating liquor or drugs.

Animal Driven Cart / Tanga Insurance Brief Description : This Insurance covers all type of animal driven carts, driven by any animals like bullock, male buffalo, castrated bullock, camel, horse/mule, donkey, yak, etc. This policy has 4 sections. Section I & II are compulsory. Section III & IV are optional. Section I covers the Animal Driven cart. Section II covers the animal pulling the cart. Section III covers the Third Party Liability. Section IV indemnifies the driver. The values of the animal and carriage are to be declared separately. The Sum Insured shall be 100% of the Market Value of the animal and the carriage. If the animal is insured for the purpose of pulling or driving the carriage by a separate policy, the cart/tonga/coach alone can be insured keeping on the record the particulars of the animals insured. In case of normal cover offer by the policy, no Veterinary examination is required. However, if full death cover for the animal is required by the Proposer, a Veterinary Certificate is to be obtained at the cost of the proposer. The animal should be identified by ear-tagging or branding with hot iron or tattooing as per Cattle Insurance Market Agreement. Covered Risks : Section I: Loss or damage to the Cart/Tonga/Coach by a) Accidental external means, b) Fire, explosion, lightning, storm, tempest, flood, inundation, earthquake, burglary or theft. Section II: This section provides indemnity against death or Permanent Total Disablement of the animal used for pulling or driving the carriage, Section III: Third Party Liability arising out of an accident caused by Cart/Tonga/Coach insured including passengers liability upto Rs.5,000/- per accident and Rs.10,000/- for all accident, Section IV: This Section indemnifies the driver against death or disablement due to driving the cart or whilst mounting into or dismounting from the cart.

Apple Insurance (Input) Policy Brief Description : This policy provides protection to plants as well as fruits. Covered Risks : Loss or damage due to fire,lightning terrorism, riot & strike, storm, hailstorm cyclone, typhoon, tempest, hurricane, tornado, flood and inundation. The indemnity is subject to excess and franchise clause. Major Exclusions : Loss or damage due to sudden drop of temperature below 2o celcius. All general exclusions as per Plantation/Horticulture policy

Aquaculture (Shrimp/Prawn) Insurance Policy Brief Description : This scheme is applicable to duly licensed farms or farms in accordance with the Government notification growing Brackishwater shrimp/fresh water prawns by adopting extensive/modified extensive system only Covered Risks : The cover is available for the perils like summer kill, pollution (from external source only) poisoning, riot and strike, malicious acts of third parties, earthquake, explosion/implosion, storm, tempest, cyclone, typhoon, hurricane, tornado, flood inundation, volcanic eruption and/or other convulsions of nature, aircraft and other aerial devices or articles dropped therefrom, impact with any road vehicles, horses and cattle, terrorism. Diseases except caused by bad management, are covered on the payment of 4% additional to premium fixed for basic cover . Major Exclusions : Malicious or Wilful injury, rough handling, partial loss, predators, physical change of chemical status in soil and water, transit, war, nuclear radiation, pest, polyculture, undergrowth, cannibalism, natural mortality, clandestine sale, loss of production and profit, transit by any means, infidelity of any person, burglary, poaching and theft, flood and inundation due to the action of normal tides.

Beetlevine Insurance (Input Policy) Brief Description : The scheme covers closed baroj and open type beetelvine cultivation financed by financial institutions. Private cultivators growing beetelvine crop successfully for the last 2 years or more may also be covered. Covered Risks : Loss or damage to the plants and baroj by Fire, lightning, impact damage, riot & strike, storm, hailstorm, cyclone, typhoon, tempest, hurricane, tornado, flood & inundation. Under comprehensive cover it also covers pest and disease losses. Major Exclusions : All general exclusions as per Plantation/Horticulture policy

Coconut Palm Insurance Policy Brief Description : Coconut palm has got great economic importance This cover was devised for all varieties of coconut grown at bunds or in the farms in any type of soil Covered Risks : The perils covered are Fire & lightning, riot & strike, storm, hailstorm, cyclone, typhoon, tempest, hurricane, tornado, flood & inundation, terrorism, Pest and diseases. Major Exclusions : Theft during and after the occurrance of any insured damage, war and allied perils, nuclear reactions and radiation, volcanic eruptions, convulsions of nature, excessive use of nutrients in soil, negligence, drought, willful negligence, fog, non bearing o

Failed Well Insurance Brief Description : The scheme is applicable only to those wells financed by banks where re-financing by NABARD is involved. This is applicable to shallow tubewell, filterpoint, dug wells, bore wells and dug-cumborewells. Covered Risks : Risk of failure of well due to failure of guaranteed yield and the expenditure actually incurred by farmers towards boring/digging of the well. Major Exclusions : Cessation of work whether total or partial, negligence, war and allied perils. Quality of water and structure failure are not covered. Exclusions are as per NABARD scheme and flood, earthquake and other convulsions of nature, riot & strike risk.

Honey Bee Insurance Scheme Brief Description : This policy is to cover beehives and/or colonies belonging to individual, cooperative societies and those sponsored and subsidized under various projects of respective State and Central Government This cover is only for Indian Honeybee and Italian Honeybee. Covered Risks : Total loss damage to beehives and/or beecolonies as a result of an accident casued by fire, flood, inundation, storm, tempest, cyclone, hurricane and tornado. Additional covers are theft, specified viral disease, transit loss during migration. Major Exclusions : Partial loss/damage of whatsoever nature, loss of production and consequential loss, Malicious or willful act, clandestine sale, Predatory wasps, wax moth and ectoparasitic mites, Loss of bee colony resulting from death of Queen bee.

Hut Insurance Brief Description : This insurance applies only to those huts used for dwellings and constructed in rural areas with financial assistance from Banking/ Cooperative / Government Institutions Covered Risks : Loss or damage due to fire, (including fire resulting from explosion and short circuiting), lightning, explosion of boiler or gas used for domestic purpose only, earthquake, flood, inun dation, storm, tempest, cyclone and other allied perils, riot and strike damage, malicious damage, aircraft and impact damage. Major Exclusions : Exclusions as per Fire Policy.

Inland Fresh Water Fish (Embankments) Insurance Brief Description : This policy covers fish ponds, bunds and other allied items like sluice gates (Inlets-outlets) etc. Covered Risks : Fire & lightning, impact by rail/road vehicle or animal, riot & strike, storm, hailstorm, cyclone, typhoon, tempest, hurricane, tornado, flood & inundation, terrorism, aircraft damage, explosion/implosion earthquake and other convulsions of nature. Major Exclusions : Loss by theft during or after the occurrence of any insured peril or, nuclear radiation, war, forest fire, natural erosion and consolidation of bunds, erosion due to normal wave action of water in the bunds.

Insurance of Biogas Plant (Gobargas) Brief Description : This Insurance is applicable for: a)Khadi & Village Industries workers/artisans, b) IRDP beneficiaries, c) SC/ST's and such other identifiable groups and have installed Biogas(Gobar gas)plant. Sum Insured is value of the plant (Digester + Gas holder + Construction cost), depending on type and Cubic Capacity. Master Policy Agreement is preferable in respect of this Insurance. Claims Procedure: In case of any claim, a) immediate intimation to us and the Banker/IRDP or Govt. official who given loan for the plant, b) Duly completed Claim Form alongwith Certificate of concerned implementing agency / BDO / Village level worker under whose supervision the plant was constructed, c) The compensation will be given by the Insurance Company to the Bank / Financing Agency Covered Risks : Loss or damage due to a) Fire, b) Lightning, c) Explosion/Implosion, d) Riot, Strike, Malicious damage, e) Impact by Rail/Road vehicle or animals, f) Aircraft and other aerial and/or space devices, g) Flood, inundation, storm, cyclone, typhoon, tempest, hurricane, tornado, h) Earthquake, Volcanic eruption or other convulsions of nature, i) Subsidence landslide (indlucing rockslide) damage

Khalihan Insurance Package Policy Brief Description : This cover is designed for those farmers whose grains are unprocessed and kept in Khalihan awaiting processing. This cover is divided into three sections for limited sum insured. Covered Risks : This policy provides protection under Section a - Unprocessed grain in Khalihan against Fire, Termites, riot, strike and Malicious damage. Section b - Animal Driven Cart (without animal) in Khalihan against fire, riot, strike, malicious damage. Section c - Person operating Thresher in khalihan against Personal Accident (as per Gramin Personal accident cover). Major Exclusions : This policy does not cover grass, fodder, straw, husk etc. Loss due to fermentation, nuclear reasons, war, bush fire, jungle fire, loss due to removal of property to any other place, earthquake, storm, cyclone, flood and inundation, theft during or after the occurance of any insured peril.

Kissan Package Insurance Brief Description : The Kissan Package policy is a comprehensive policy specially designed by Oriental that seeks to cover losses arising out of a wide variety of risks and perils.It lets a farmer concentrate on his business, free of many worries.The policy is divided into 15 sections offering protection to the farmer to his personal effects,household goods,livestock, poultry, personal insurance and mediclaim Covered Risks : Residential building against fire and allied perils,stock of from products,TV/VCR, Pedal cycle, Personal accident,his cottage industry,Cattle and Livestock,agricultural pumpset, poultry,baggage while on tours,animal driven cart,honey bee, gun, hospitalisation expenses for him and his family

Package Insurance for Tribals Brief Description : This is a composite package insurance policy evolved for the benefit of tribals. Covered Risks : Fire and allied perils against Hut/dwellings & contents and hospitalization expenses for tuberculosis, leprosy and cancer. Personal accident cover based on Gramin Personal Accident Policy. Major Exclusions : Exclusions of Fire, P.A. and hospitalization policy are applicable here also.

Plantation/HortiCulture (Input) Policy Brief Description : This cover was devised for providing relief to the farmers growing plantations and horticultural crops like grapes, citrus fruits, chickoo, pomgranate, banana and Plantation crops like rubber, eucalyptus, poplar, teakwood and sugar cane, which is based on Input cost only. Covered Risks : Loss or damage due to fire, terrorism, rito & strike, storm, hailstorm cyclone, typhoon, tempest, hurricane, tornado, flood and inundation. Major Exclusions : Delay in onset of monsoon, water logging, drought, nuclear reaction, earthquake, theft, natural mortality of plants, war, insects, mites. Act of negligence by insured or his employee fog and/or high humidity, non bearing of fruits, rain water, frost or cold waves

Policy for Insurance of Fish in ponds (Fresh Water) Brief Description : This is applicable to fry/fingerlings, fish and stock, ponds and breeders in fresh water for any recognized breed only. Covered Risks : The policy covers only total loss due to accident or disease. The cover is wide enough to include epidemics, pollution, poisoning, malicious act by third parties, riot and strike, flood and such other natural calamities are covered as an extension by payment of extra premium only. Terrorism is also covered without additional premium. Major Exclusions : Malicious damage, willful injury, poisoning, negligence, , error or omission by insured, rough handling, partial loss, fluctuation of temperature, under growth, worm infestation, natural mortality, burglary, poaching, theft, clandestine sell, missing, transit loss, permanent or partial disablement, consequential loss, death within 15 days of policy inception due to disease, flood, cyclone, storm tempest, inundation, and allied risks, war and allied perils, nuclear reaction

Policy for Kisan Agricultural Pumpset Insurance Scheme Brief Description : This policy applies to Centrifugal Pumpsets (Electrical & Diesel) and submersible pumpsets upto 25 H.P. capacity used for Agricultural purposes only. Covered Risks : Cover is granted against fire and/or lightening, theft/burglary (due to violent forcible entry and provided the pumpset is kept in a locked enclosure), mechanical/electrical breakdown, riot, strike, malicious damage, terrorism. Flood risk can be covered by payment of additional premium. Major Exclusions : Normal wear and tear, gradual deterioration due to atmospheric conditions, wilful negligence, faults existing at the time of commencement and known to the insured , cost of dismantling, transporting to workshop and back as also cost of re-erection. However, transport and re-erection charges to be paid in full in case of total loss.

Poultry Insurance Brief Description : This provides indemnity to Poultry birds which includes layers, broilers and hatchery birds. (Breeding stock) which are exotic and cross-bred. Indigenous and non-discriptive birds will not be insured.The scheme is applicable to poultry farms consisting of minimum 100 birds under scheme category and 500 birds under non-scheme category and under General broilers 100 per batch, layers 500 per batch and Hatching 2000 birds per batch. Covered Risks : The policy shall provide indemnity against death of birds due to accident (including fire, lightning, flood, cyclone, strike, riot and civil commotion and terrorism) or diseases contracted or occurring during the period of insurance. Major Exclusions : Wilful injury, transit by any mode,theft and clandestine sale,intentional slaughter, Avian Leucosis complex disease, war and nuclear perils, improper management, undergrowth, cannibalism, predators action, permanent and partial disablement, loss of production and standard exclusions.

Rose Plantation Insurance Brief Description : This policy provide protection to all kinds of roses grown in open fields and green/glass houses. Covered Risks : Fire & lightning, impact damage, riot & strike, storm, hailstorm, cyclone, typhoon, tempest, hurricane, tornado, flood & inundation, terrorism. Loss due to pest and disease is an optional cover. Major Exclusions : All general exclusions as per Plantation/Horticulture policy

Sericulture (Silkworm) Insurance Brief Description : (A) MULBERRY SILKWORM CROP INSURANCE The scheme is applicable to univoltine/Bivoltine/Multivoltine/Pure or hybrid races of Mulberry Silkworm Crops reared by the sericulturists (B) TASAR SILKWORM CROP INSURANCE This scheme is applicable to Tasar/Oak Tasar. Covered Risks : Covered perils are fire, lightening, flood, inundation, storm, tempest, earthquake, landslide, rockslide, impact by rail/road/air craft. The insurance will also cover diseases like Grasserie, Flacherie, Mascardine, Pebrine and attack of uzifly subject to the exclusions given in the policy. Major Exclusions : Malicious damage, improper management, diseases contracted prior to the commencement of risk, losses due to infected eggs insufficient mulberry leaves, theft natural mortalities, loss due to Perbrine and attack of ants, rodents, lizards, war, nuclear radiation. Transport, theft, decoity, missing of the worm, natural mortality, normal trade losses

Tea Plantation Insurance Brief Description : This is a separate cover for tea plants/bush. It indemnifies the insured the plantation input cost for total loss of death of tea plants/bush when loss occurred due to insured perils. Covered Risks : Fire including forest and bush fire, lightning, storm, hailstorm, cyclone, typhoon, tempest, hurricane, tornado,impact flood and inundation damage, rito & strike earthquake, terrorism, unseasonal rains and frost Pest and diseases may also be covered on additional premium. Major Exclusions : All general exclusions as per Plantation/Horticulture policy

1. 2. 3. 4. 5. 6.

Health Insurance
The Modern days men and women have greater things in life with options being great in numbers. To think about most important on ones life will be that of Health conciseness. As everybody agrees on the proverb Health is Wealth. With the modern days medications being available in plenty one can able to get cured for varied diseases in shorter span of time. The affordability is not available for all as the earning capacities differs person to person. Here one can able to negate the things on having the Health

Insurance which is so handy and great option. The Health Insurance is nothing but paying a small amount as premium and any medical expenses can be met out and later it can be reimbursed back to us from the Health Insurance Companies. It is a dynamic thing for the modern days men and women to have the greater things of medical attention being available on a paying a small amounts as premium whereby the things of greater rich medication is being made available on using these medical or Health Insurances. With the things of greater options on various spending limits being offered by various sections of policies being available which are so great and good options to choose out from. One can able to get better things out of life on using these Health Insurance policies which is so grateful with their ability to pay the things of huge sums which cannot even thought of for the normal men and women. It is a great gift for the men and women to get its services and things at a very nominal and affordable premium and have the higher level medications being made possible. The variety of policies available on different ranges of premiums on varied options makes it so great and augurs well for the mankind. The Dynamic things on certain policies makes it so great options along with the smaller amounts of premium being levied for these medical things which may required higher amounts money for curing them. At this juncture the baleens of the Medical Insurance Companies makes it great with its presence and service. One can able to say it as a commendable one as it gives the greater scope of higher medication for all with the affordability among the masses being possible. For having a healthier life and greater satisfaction in life one has to live it freely and with hale and health to enjoy life.

Life Insurances

life insurance policy


A life insurance policy provides financial protection to your family in the unfortunate event of your death. At a basic level, it involves paying small sums each month (called premiums) to cover the risk of your untimely demise during the tenure of the policy. In such an event, your family (or the beneficiaries you have named in the policy) will receive a lumpsum amount. In case you live till the maturity of the policy, depending on the type of life insurance policy you have opted for, you will receive returns the policy may have earned over the years. Today, there are many variations to this basic theme, and insurance policies cater to a wide variety of needs.

the various types of life insurance policies


Given below are the basic types of life insurance policies. All other life insurance policies are built around these basic insurance policies by combination of various other features.

Term Insurance Policy

A term insurance policy is a pure risk cover policy that protects the person insured for a specific period of time. In such type of a life insurance policy, a fixed sum of money called the Sum Assured is paid to the beneficiaries (family) if the policyholder expires within the policy term. For instance, if a person buys a Rs 2 lakh policy for 15 years, his family is entitled to the sum of Rs 2 Lakh if he dies within that 15-year period. If the policy holder survives the 15-year period, the premiums paid are not returned back. The advantage, apart from the financial security for an individuals family is that the premiums paid are exempt from tax. These insurance policies are designed to provide 100 per cent risk cover and hence they do not have any additional charges other than the basic ones. This makes premiums paid under such life insurance policies the lowest in the life insurance category.

Whole Life Policy

A whole life policy covers a policyholder against death, throughout his life term. The advantage that an individual gets when he / she opts for a whole life policy is that the validity of this life insurance policy is not defined and hence the individual enjoys the life cover throughout his or her life. Under this life insurance policy, the policyholder pays regular premiums until his death, upon which the corpus is paid to the family. The policy does not expire till the time any unfortunate event occurs with the individual. Increasingly, whole life policies are being combined with other insurance products to address a variety of needs such as retirement planning, etc. Premiums paid under the whole life policies are tax exempt.

Endowment Policy

Combining risk cover with financial savings, endowment policies are among the popular life insurance policies. Policy holders benefit in two ways from a pure endowment insurance policy. In case of death during the tenure, the beneficiary gets the sum assured. If the individual survives the policy tenure, he gets back the premiums paid with other investment returns and benefits like bonuses. In addition to the basic policy, insurers offer various benefits such as double endowment and marriage/ education endowment plans. In recent times, the concept of providing the customers with better returns has been gaining importance. Hence, insurance companies have been coming out with new and better ULIP versions of endowment policies. Under such life insurance policies the customers are also provided with an option of investing their premiums into the markets, depending on their risk appetite, using various fund options provided by the insurer, these life insurance policies help the customer profit from rising markets. The premiums paid and the returns accumulated through pure endowment policies and their ULIP variants are tax exempt.

Money Back Policy

This life insurance policy is favored by many people because it gives periodic payments during the term of policy. In other words, a portion of the sum assured is paid out at regular intervals. If the policy holder survives the term, he gets the balance sum assured. In case of death during the policy term, the beneficiary gets the full sum assured. New ULIP versions of money back policies are also being offered by various life insurers. The premiums paid and the returns accumulated though a money back policy or its ULIP variants are tax exempt.

ULIPS

ULIPs are market-linked life insurance products that provide a combination of life cover and wealth creation options. A part of the amount that people invest in a ULIP goes toward providing life cover, while the rest is invested in the equity & debt instruments for maximizing returns. They provide the flexibility of choosing from a variety of fund options depending on the customers risk appetite. One can opt from aggressive funds (invested largely in the equity market with the objective of high capital appreciation) to conservative funds (invested in debt markets, cash, bank deposits and other instruments, with the aim of preserving capital while providing steady returns). ULIPs can be usefull for achieving various long term financial goals such as planning for retirement, childs education, marriage etc.

Annuities and Pension

In these types of life insurance policies, the insurer agrees to pay the insured a stipulated sum of money periodically. The purpose of an annuity is to protect against financial risks as well as provide money in the form of pension at regular intervals.

Mediclaim Insurances
Family floater policies are an enhanced version of the mediclaim policy. The sum insured value floats among the family members. Most of the policies will cover husband, wife and a couple of children; some may cover parents too. The coverage for the entire family is limited to the sum insured. The family floater mediclaim from banks have a maximum sum insured of Rs5 lakh. The premium for family floater plans is typically less than that for separate insurance cover for each family member. Moreover, the premium of family floater mediclaim from banks is lesser than a family floater purchased directly from an insurance company by about 50% (in many cases). If a family of four (two children) takes a family floater of Rs5 lakh, they can claim up to Rs5 lakh of medical expenses in one policy year. If one person is hospitalised and gets a claim paid for Rs3 lakh, there will be only Rs2 lakh worth of medical expenses that can be reimbursed in that year. The next policy year will start with a fresh Rs5 lakh. A family floater makes sense for a family because, that way, each one in a family gets a big cover and the probability of more than one family member getting hospitalised in the same year is too low unless the whole family is travelling together most of the times in a year or has a history of medical problems that can happen concurrently.

Advantages:
It is less expensive than an individual mediclaim policy. You can add your immediate family members like your spouse and kids. Oriental Happy Family Floater will cover parents or parents-in-law too. It is great for younger families with members having low health risk. Instead of individual mediclaim of Rs3 lakh, if the family opts for a floater of Rs6 lakh, they will benefit if there is a big claim in a year of, say, Rs5 lakh.

Disadvantages:
Some family floaters like Star HealthFamily Health Optima have a maximum age limit of 60 years. They may offer portability to a senior citizen mediclaim plan after the policyholder completes 60 years, but it is better to find a family floater that has maximum age of 75 years (or more). Instead of an individual mediclaim of Rs3 lakh, if the family opts for a floater of Rs6 lakh, they will lose if total claims from different family members are more than Rs6 lakh, even if individual claims are less than Rs3 lakh. Most policies are silent about renewal in case the proposer dies. The spouse may be elderly at that ageand may not easily get an individual policy. Moreover, the PED waiting period will start afresh, unless continuous coverage is allowed for an individual plan by the insurer. An elderly familywith higher medical needswill benefit from individual mediclaim.

Auto Insurances

To think about various options for negating the loss or damages one flashes into our memory is that of Insurance. The introduction of insurance to the human community has done great things of making life more comfortable and fine. On thinking about the various kinds of insurances offered the needs were different from person to person. If one is a businessman he would like his Business place as well as things which he uses would like to go for insurances if provided. Likewise one wants to have a secured thing of his movable property say Car, Van, or Bus he would like to go for Vehicle Insurance or Auto Insurance. Here with the number of companies being available which makes the choices good in numbers but one has to get the firm which has proved its things in the past or promising by its things at present times. The Older companies always get the things in its experience over years and the new companies tend to give their things up in their profit margins for making the business to roll over and up and running. Auto Insurance has great advantages of being giving the owner or user benefits of various things such as Theft, Accident and collation between vehicles and men and vehicles. The damages which arise out of it can be had from the Insurance firm which may not be affordable for the normal persons as the damages may go in thousands and Lakhs in few cases. Here the Auto Insurances gives great option and cushion of paying up a little amount as premium whereby the other losses. The possibility of a loss or damage can be made over on providing the things required to make it legal and counting. There are types of Auto Insurances based on the amount

insured and the coverage required for special cases alongside the normal coverage. The Special Cases be any coverage of happening of an event which may be normal loss or any other thing which arises by circumstances. With the Auto Insurance an owner of the moving vehicle can able negate the losses arising out of various accidents and things of Accidents victims being claiming larger amounts which may not be possible for him to payout. These make it great with the option to choose out from. With the availability of these kinds of insurances one can able to get comfortable levels on paying up a marginal and negligible level of money towards this Auto Insurance as premium. The With these options being at helm the mankind has great options being available.

Business Insurance

As everyone knows it always takes a toll to run the business successfully and with greater taste of success over a period of time. Only few men have done it in style with their brilliance and acute skill level along with hard work. With the experience is the best thing which gives great confidence and skill level to perform under various circumstances. Here to help out the various businessman and women the Business Insurance has came up to the rescue of the new and existing businessman to help them negate the things of unforeseen events. The Business Insurance is a type of insurance whereby the Insurance Company pays for the loss and unforeseen loss arising out of given consequences in a lawful manner which augurs great for the modern business community. For this the Insurance Company charges a small amount as a premium which is based on the probability of happening of an event or loss out of the business. With these kinds of business Insurances being available the mankind has greater options and choices on taking various decisions in line with their improvement activities and things of making expansions of other kinds with utmost greater comfort. The Business

community now has the greater things to try for various things based on the availability of these kinds of Insurance. These companies make up greater calculations and things of probabilities of happenings of an event and calculate the premium for it which is great options for the businessman and women. As they take up the risk of losses and damages on provided conditions of lawful natures one can able to venture into new things which has a slight chances of loss in it. One can able to get greater cushion and options on undiscovered and unexploited fields on using these kinds of business insurances can able to get the loss proportions to be minimum or manageable levels. These kinds of business insurances has made it great with its impact of having lot more entrepreneurs and investors to come up in new ventures and things of various newer projects and Joint Ventures can be taken up with the loss proportion can be negated on taking up these kinds of high risk businessman operations. The various types and risk coverages makes it so great and huge options for the newer and existing businessman to share their losses on unforeseen events and incidents which triggers loss or damages. The value and the contribution of these Business Insurance Companies is great and good for the whole world to get it benefited and move further on their final goals.

Accidental Insurance Personal Accident Insurance ?


Personal Accident is an insurance cover wherein, in the event of the person sustaining bodily injuries resulting solely and directly from an accident caused by EXTERNAL, VIOLENT & VISIBLE means , resulting into death or disablement.

Events are covered under Personal Accident Insurance ?


An accident may include events like: Rail / Road / Air Accident. Injury due to any collision/fall. Injury due to Bursting of gas cylinder. Snake-bite, Frost bite/Dog bite. Burn Injury, Drowning, Poisoning etc.

These are only illustrative and not an exhaustive list of type of accidents.

The age limits under personal accident cover ?


This Policy is available to persons between the age of 5 and 70 years (Male & Female). In case of Family Package covers, the age of children should be between 5 to 19 years. The age ceiling of 70 years can be relaxed in special conditions subject to suitable premium loading.

The insured has to do in the event of accident ?


IN THE EVENT OF ACCIDENTAL INJURIES Immediate written notice should be given to the Insurance Company with all particulars. Claim from duly completed alongwith the following documents should be submitted ; Medical Certificate about the nature and extent of accident resulting injuries. Medical Examiners Report. Details of treatment rendered by the attending Doctor/Hospital/Nursing home. Certificate from the employer to the effect that the Insured was on leave during the period. Fitness certificate.

IN THE EVENT OF ACCIDENTAL DEATH


The following documents are required to be submitted : Post-mortem Report. F.I.R./Police Report. Punchnama Departmental Inquiry, if any. Report of Doctor/Hospital/Nursing Home. Death Certificate.

Life Insurance For Accidental Death

Accidental death is a limited life insurance that is designed to cover the insured when they pass away due to an accident. Accidents include anything from an injury, but do not typically cover any deaths resulting from health problems or suicide. Because they only cover accidents, these policies are much less expensive than other life insurances. It is also very commonly offered as "accidental death and dismemberment insurance", also known as an AD&D policy. In an AD&D policy, benefits are available not only for accidental death, but also for loss of limbs or bodily functions such as sight and hearing, etc.

Accidental death and AD&D policies very rarely pay a benefit; either the cause of death is not covered, or the coverage is not maintained after the accident until death occurs. To be aware of what coverage they have, an insured should always review their policy for what it covers and what it excludes. Often, it does not cover an insured who puts themselves at risk in activities such as: parachuting, flying an airplane, professional sports, or involvement in a war (military or not). Also, some insurers will exclude death and injury caused by proximate causes due to (but not limited to) racing on wheels and mountaineering. Accidental death benefits can also be added to a standard life insurance policy as a rider. If this rider is purchased, the policy will generally pay double the face amount if the insured dies due to an accident. This used to be commonly referred to as a double indemnity coverage. In some cases, some companies may even offer a triple indemnity cover

Travelz insurance
Tarvel insurance is insurance that is intended to cover medical expenses, financial default of travel suppliers, and other losses incurred while traveling, either within one's own country, or internationally. Temporary travel insurance can usually be arranged at the time of the booking of a trip to cover exactly the duration of that trip, or a "multi-trip" policy can cover an unlimited number of trips within a set time frame. Coverage varies, and can be purchased to include higher risk items such as "winter sports". Travel Insurance or Visitor Insurance also known as Overseas Medical Insurance can cover your Medical Expenses, Personal Accident, Trip Delay, Trip Cancellation, Baggage Loss, Loss of Passport and many more risks while you travel abroad. At Insurance Pandit, we offer a convenient way to compare international travel insurance plans for global travel and study offered by leading indian insurance companies. only you can compare plans but also buy and print your Travel Insurance Policy online.

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Hedon Insurance?

Hedon Insurance have been established in East Yorkshire for over 35 years providing a friendly yet professional service to our many clients. We are able to draw upon our wide knowledge of the insurance market and expertise to provide you with not only the most competitive quotation, but also the most appropriate policy for your needs. Most of our business is obtained by way of referrals from our many existing satisfied clients and we pride ourselves on our high level of customer satisfaction. Our main areas of activity are Motor, Home, Travel, Caravan and Business insurance however in addition to this we are also able to quote for the more unusual risks from Wedding Insurance to Bouncy Castle cover. We are authorised and regulated by the Financial Services Authority so you can rest assured that your insurances are safe in our hands. Choose Hedon Insurance and you are guaranteed outstanding service and peace of mind - Let us take care of the important things. Registered in England no 2426471. Hedon Insurance Consultants Ltd., 24 New Road, Hedon HU12 8EN. We are authorised and regulated by the Financial Services Authority. Our FSA Register number is 300220.

Tern Insurance
If there are people in your family who are dependent on your income,yau owe it to them to Protect them from the potentialloss of income in case of your death There are the host of Life Insurance products available of which the one that give the mixmumProtection for a given amount of annual premium is trem insurance.To learn how much cover you require (also called sum assured) ,you may use our life insurance calculator Term Insurance is deal for those people who do not wish to mix to mix their investment objective with a risk objective . In case the parson insuted survives the entire term of the policy ,no money Is payably to the family of the insured .but in case of death,the family ofthe insured parson get a Vaey high sum assured (e.g. you can get a Rs.1 crore sum insured for 25 years at just Rs.1000 Per mouth for someboby who is a non tobacco user and is 30 year old ). Here is detailed comparison of term plans available today . The most important thing to take care of while applying for term insurance (or any life insurance Polcies , and so on.please take time out to fill the form yourself. This will ensure that your family does not face any issues if they have to file a claim on the policy. Better still buy online as online Policies are normally cheaper then availble offline

You should also conside taking a critical illness rider on top of your base term plan wherever available. This will ensure that you get a lump sum amount if you have the misfortune of Being stricken by any critical illness such sa a paralytic stroke , organ failure, multiple schelorosis , etc

You can also consider taking a temperory/permanent disability rider due to an accident on top of your trem policy where available. Keep a copy of all document submitted to the insurance company for your future reference .

Any promise made bye the agent or even an official of hte insurance company has no value un less it is in writing or at least on email. So if yor are basing ,your descision on any such promise make sure you get it in record in some form.

Vehicle Insurances are available for all types of private and also Commercial vehicles. Providing insurances for all vehicles like two wheelers & 4 wheelers.

Currently, a US$41 billion industry, India is the world's fifth largest life insurance market and growing at a rapid pace of 32-34% annually as per Life Insurance Council studies. Currently, in India only two million people (0.2 % of the total population of 1 billion) are covered under Mediclaim, whereas in developed nations like USA about 75 % of the total population are covered under some insurance scheme. With more and more private companies in the sector, the situation may change soon. ECGC, ESIC and AIC provide insurance services for niche markets. So, their scope is limited by legislation but enjoy special powers. The insurance sector went through a full circle of phases from being unregulated to completely regulated and then currently being partly deregulated. It is governed by a number of acts.

The Insurance Act of 1938 was the first legislation governing all forms of insurance to provide strict state control over insurance business. Life insurance in India was completely nationalized on January 19, 1956, through the Life Insurance Corporation Act. All 245 insurance companies operating then in the country were merged into one entity, the Life Insurance Corporation of India. The General Insurance Business Act of 1972 was enacted to nationalise the about 100 general insurance companies then and subsequently merging them into four companies. All the companies were amalgamated into National Insurance, New India Assurance, Oriental Insurance and United India Insurance, which were headquartered in each of the four metropolitan cities.

Until 1999, there were not any private insurance companies in India. The government then introduced the Insurance Regulatory and Development Authority Act in 1999, thereby deregulating the insurance sector and allowing private companies. Furthermore, foreign investment was also allowed and capped at 26% holding in the Indian insurance companies. In 2006, the Actuaries Act was passed by parliament to give the profession statutory status on par with Chartered Accountants, Notaries, Cost & Works Accountants, Advocates, Architects and Company Secretaries. A minimum capital of US$20 million(Rs.100 Crore) is required by legislation to set up an insurance business.

Oriental Insurance is a professionally managed independent Board - run Company. Illustrious personalities like Shri T.A.Pai (who later became Cabinet Minister in the Union Government), Shri K. R. Puri, who rose to be the Governor of RBI and Shri B.D.Pande (who later became the Governor of West Bengal) were among our past Chairmen.

At present Dr. R.K.Kaul is Chairman-Cum-Managing Director of our Company. The Board of Directors of our Company include eminent personalities in various fields.

The Companys Gross Direct Premium Income in India during the year 2007-08 (Audited) was Rs.3808.13 crores and the Premium Income outside India was Rs.92.07 crores. The Gross Direct Premium in India & abroad showed a growth of -3.00%. The Net Premium Income (Domestic and Foreign), on the other hand grew by -0.04% from Rs. 2879.74 crores in 2006-07 to Rs. 2878.67 crores in 2007-08.

The companys operations in Nepal, Dubai and Kuwait yielded a Gross Direct Premium of Rs. 92.07 crores during the year 2007-08 as against Rs. 92.26 crores during the previous year. The net premium on foreign operations stood at Rs. 90.37 crores and as against this, the Net Incurred Claims during this year in respect of foreign operations were Rs.81.47 crores at 90.16%. The foreign operations have resulted in an overall deficit of Rs. 21.38 crores. After taking into account the income from Interest, Dividend & Rent of Rs 535.72 crores and Profit on sale of Investments of Rs571.19, we have posted a pre-tax profit of Rs 442.35 crores & post-tax profit of Rs. 9.30 crores for the year 2007-08. As against the desirable Solvency Margin of 1.5 mandated by the Indian regulatory body, IRDA, the available Solvency Margin is 1.91 as at 31st March 2008. The Company had a documents issuance ratio of more than 98% during the year, having issued 96.76 lacs documents approximately. The claims disposal ratio for non-suit claims settlement ratio was 88.67%. The Company is not only IT friendly but also Technology Savvy. We have our own website in place. An integrated Non-Life Insurance Application Software (INLIAS) is under implementation and is expected to be in place shortly. This will ensure that our Customer Service parameters grow by leaps and bounds. No wonder, The Oriental Insurance Company has been enjoying the highest rating from leading Indian credit rating agencies CRISIL and ICRA. The Company has also been rated as B++(Very Good by AM Best, an international rating agency.

Financial Snapshot 2007-08 & 2006-07 Figures in brackets are percentage to net premium (Rs. in lakhs) Fire 2007-08 Gross Direct Premium: India Outside India Gross Direct Premium Total Net Premium Ratio of Net to Gross Profit on Sale of Investments (Policy Holders) Int./Div./ Rent (Policy Holders) Commission and other income (Net Income(+)/ Net Outgo (-)) NPA (Provision (+)/ Write back(-)) Diminution in value of shares (-)/ written back (+) 2006-07 Marine 2007-08 2006-07 Miscellaneous 2007-08 2006-07 Total 2007-08 2006-07

In

47820

54007

33906

34783

299087

304062

380813

392852

1786 49606 29712 59.90 % 3469 (11.7%) 3470 (11.7%) 679 (2.3%) 71 (0.2%) -1 (-0.0%)

1669 55676 35172 63.17% 3303 (9.4%) 3083 (8.7%) 1344 (3.8%) -31 (-0.1%) -2 (-0.0%)

1261 35167 18629 52.97 % 1851 (9.9 %) 1851 (9.9%) -1042 (-5.6%) 38 (0.2%) 0 (0.0%)

1567 36350 15844 43.58% 1962 (12.3%) 1831 (11.6%) -393 (-2.4%) -18 (-0.1%) -1 (-0.0%)

6160 305247 239526 78.47 % 34715 (14.5%) 34730 (14.5%) -12737 (-5.3%) 705 (0.3%) -9 (0.0%)

5990 310052 236958 76.42% 37883 (16.0%) 35362 (14.9%) -10921 (-4.6%) -355 (-0.2%) -27 (-0.0%)

9207 390020 287867 73.81 % 40035 (13.9%) 40051 (13.9%) -13100 (-4.6%) 814 (0.3%) -10 (0.0%)

9226 402078 287974 71.62% 43148 (15.0%) 40276 (14.0%) -9970 (-3.5%) -404 (-0.1%) -30 (-0.0%)

Increase (-)/ Decrease (+) in unexpired risks reserve

2730 (9.2%)
-31037

-1019 (-2.9%)
-15939 (-45.3%)

-1689 (-9.1%)
-11008 (-59.1%)

100 (0.6%)
-15584 (-98.4%)

-1284 (-0.5%)
-218177 (-91.1%)

-17978 (-7.6%)
-204362 (-86.2%)

-24 (-0.1%)
-260222 (-90.4%)

-18897 (-6.6%)
-235885 (-81.9%)

Net Incurred claims


(-04.5%)

Expenses of Management

-10688 (-36.0%)

-11340 (-32.2%)

-5560 (-29.8%)

-5255 (-33.2%)

-66112 (-27.6%)

-58828 (-24.8%)

-82360 (-28.6%)

-75423 (-26.2%)

Amortization expenses

-74 (-0.2%) -8 (0.0%) -1677

-60 (-0.2%) -13 (-0.0%) 14498 (41.2%)

-39 (-0.2%) -4 (0.0%) 3027 (16.2%)

-36 (-0.2%) -8 (-0.0%) -1558 (-9.8%)

-738 (-0.3%) -76 (0.0%) 10543 (4.4%)

-686 (-0.3%) -153 (-0.1%) 16893 (7.1%)

-851 (-0.3%) -88 (-0.0%) 11893 (4.1%) 17118 17110 -1886 44235 -4429 -38876 930 53 750 127

-782 (-0.3%) -174 (-0.1%) 29833 (10.3%) 15732 16853 546 62964 -6348 -6889 49727 38028 10000 1699

Investment Written off

Net Operating Profit (-5.6%) Interest, Dividends & Rent (Shareholders) Profit on sale of Investments (Shareholders) Other Income/ Outgo Profit (+) / Loss (-) before Tax IT deducted at source and Provision for Tax Provision for Tax for earlier years Net Profit/ Loss after Tax Transfer to General Reserve Provision for Dividend Corporate Dividend Tax * Percentages mentioned above are to Net Premium

Five Year Digest


(Amount in lacs)

2003-04 Gross Direct Premium Net Premium 289974 203303 158764 (78.1%) 78211 (38.5%) 29756 (14.6%) 8514 45433 31647 10000 102192 102452 2565

2004-05 309055 221802 190838 (86.0%) 72988 (32.9%) 21338 (9.6%) 14918 47170 33052 10000 131836 111937 2565

2005-06 360977 250046 206475 (82.6%) 85076 (34.0%) 14438 (5.8%) 12169 33419 28392 10000 154526 126399 2565

2006-07 402078 287974 235885 (81.9%) 75423 (26.2%) 29833 (10.3%) 15732 62964 49727 10000 192553 145295 2565

2007-08 390020 287867 260222 (90.40%) 82360 (28.6%) 11893 (4.1%) 17118 44235 930 10000 192606 14339 2565

Net Claims

Operating Expenses

Underwriting Profit / Loss (-) **

Interest, Dividend and Rent ** Profit Before Tax Profit After Tax Paid-up Capital General Reserve Reserve for Unexpired Risk Capital Reserve & Other Reserve