The Oriental Insurance Company Ltd was established on 12th September 1947, as a wholly-owned subsidiary of The Oriental Government Security Life Assurance Company Ltd in Mumbai. It provides general insurance products across major business segments encompassing Fire, Marine, Motor (Total), Health, Miscellaneous (including Crop). Headquartered in Delhi, it has 13,500 employees working in 1,800+ offices with 29 regional offices. Along with this, it has an international presence with three foreign offices in Nepal, Kuwait, and Dubai.
As a general insurance provider, Oriental understands the importance of having a secure home that needs protection from unexpected accidents and events. With this in mind, it has designed a policy known as 'HouseHolder Insurance Policy' that provides complete security and protection to one's house and its assets from accidental damages.
Oriental's HouseHolder Insurance Policy is designed to provide comprehensive financial security and protection to the insured's house and its assets. As a composite policy, it is divided into ten sections, out of which an insured has to choose a minimum of 3 sections, out of which Section 1 related to Fire and allied perils is compulsory.
Type of Coverage
Premium rate (per thousand)
2A & B
A. House-break in (including larceny & theft)
B. House break-in (excluding larceny & theft)
Domestic Appliances Including TV Set
Personal Computer & Laptop
Personal Accident (Eligibility: 5 – 65 years)
0.60 + 20% medical expenses
10A & B
A: Public Liability
**Last Updated on 06-11-2020
You can buy the Oriental Home Insurance policy through the company's website by following the below steps:
If an incident causes damage to the building or its contents, the following procedure must be followed to file a claim for compensation:
Yes, all valuables kept in the bank locker are covered under the first loss basis.
Yes, art is covered under this policy only if they are valued by government-approved valuers and its report is submitted while purchasing the policy.
The sum insured should be such that it should cover the entire cost of rebuilding your house, including all the necessary fees, charges, and all the additional costs like obtaining permissions by local authorities, clearing away debris, etc.
For your assets, the sum insured should cover the replacement costs at the market value.
If the damage to the house is caused due to war, allied perils, nuclear radiation, or due to its related causes, it won't be covered under the policy.
Last updated on 06-11-2020