Oriental Insurance Company Ltd

Profile
The Mizoram Oriental Insurance
branch was established in the month
of May, 1987. it is under the division
of Silchar which is again under the
area management from Guwahati.
It’s main branch is located in New
Delhi.
 PRODUCTS
1. Family healthcare insurance
2. Home-Householder insurance
3. Motor insurance
4. Shopkeeper insurance
5. Medical insurance
6. Personal Accidental Insurance
 Family Healthcare Insurance
• The policy covers the proposer and his/her family.
• No medical exams for person above 60 years.
• Coverage under two options. SILVER and GOLD Covers.
• Silver offers sum insured slabs of 1 to 5 lacs.
• Gold offers sum insured slabs of 6 to 10 lacs.
• It covers hospitalization expenses.
• Discount in OMP premium when insurance policy is
taken.
 Home-Householder insurance
• It offers comprehensive protection.
• It also protect from variety of risk.
• Protect against loss of residential building,
household goods and personal effects.
• Housebreaking including larceny and thief.
• Loss or damage to jewelry, valuables, etc. due
to accident or misfortune.
• Damage to electrical appliances.
 Motor insurance
• Accidental loss or damage to the vehicle
through external means.
• Liability to third parties, personal
accident cover to owner driver.
• Various add on covers on extra premium.
• It is a period for one year.
 Shopkeeper insurance
• It covers the property + the interest of the insured
business venture.
• It covers loss to the contents (Stock in Trade & FFF)
perils as per Standard Fire & Special Perils Policy
including Earthquake.
• Loss of money due to any accident or misfortune
between any two places within the radius of 25 km.
• Cash in safe/ steel cupboard/ steel box under lock &
key due to housebreaking.
• Loss/damage to personal baggage of insured and
accompanied baggage related to trade.
• Death or bodily injury by accidental violent, external
& visible means to self & employees up to 10 times
the annual salary.
• Electronic Equipment including Personal computers,
CCTV and related equipment.
• Loss in respect of following items: -
Loss of Gross Income
Expenses towards
-charge of Accountant
 Medical insurance
• The policy covers sudden illness hospitalization expenses
in India due to disease / accident.
• It covers citizens aged from 3 months to 80 years.
• Pre-existing diseases are covered from the fifth year
policy provided the renewals are done without break in
insurance and all the renewals.
• A proposer can take the policy for himself and or for his
family members.
• This Health cover is a hospitalization cover and reimburse
the medical expenses in respect of covered
disease/surgery.
 Personal Accidental Insurance
• This policy provides compensation in the event of
insured sustaining injuries, solely and directly from
an accident.
• However, this policy doesn’t cover the following
points:-
– 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.
 ICICI Prudential Life Insurance

ICICI bank is an Indian multinational

banking and financial services company
headquartered in Mumbai. It is the second
largest bank in India by assets and by
market capitalization, as of 2014. ICICI,
Mizoram is a cluster under the supervision
of Kolkata. It was estimated in 2007.
 Products
• Travel Insurance
• Term Plan
• Health insurance
• Wealth insurance/builder
• Two wheeler insurance
 Travel Insurance
• Single Round Trip Plan(3 months-70 years)
It covers medical and financial emergencies that might
arise when traveling abroad. Along with benefits like Checked-In
Baggage loss/delay, get unique facilities such as worldwide
Cashless hospitalization.
• Gold Multi Trip Plan(3 months-70 years)
It is specially designed for a frequent international
traveler. The policy is valid for 1 year and an insured can choose
between 3 options of 30, 45 and 60 days as the maximum
duration per trip.
• Senior Citizen Plan(71-85 years)
It is a policy for senior citizens that covers unexpected
medical and non-medical expenses when traveling abroad
including hijack distress allowance.
 Term Plan
It is an accidental death benefit. The
amount differs according to the term
purchase by the proposer. If the proposer
doesn’t face death within that period, the
money belongs to the company
whatsoever.
 Health insurance
• Lombard Complete Health Insurance Policy
It is a comprehensive plan designed to protect you and
your family against expenses incurred in case of hospitalization.
• Health Care Plus - Health Insurance Policy
A health insurance take care of excess payment that may
arise due to the amount paid for illness over and above the
existing cover.
• Personal Protect Insurance Policy
It covers you against Accidental Death and Permanent
Total Disablement (PTD) on account of Accident and also
includes coverage against terrorism and acts of terrorism and
optional cover against Accidental Hospitalization Expenses and
Accidental Hospital Daily Allowance.
• Critical Care - Health Insurance Policy
Critical Care helps protect and support your savings by
taking care of your medical expenses during hard times, so that
your savings can be utilized in the best possible way.
 Wealth insurance/builder

• It helps you in saving for your long-

term goals while enjoying the
benefits of life cover to provide
protection to your family.
 Two wheeler insurance
• The policy keep it secure against damage caused by
natural and man-made calamities, including acts of
terrorism.
• It covers up to Rs.1 Lakh for the individual
owner/driver of the vehicle while driving or
travelling, mounting or dismounting from the two
wheeler. Optional personal accident covers for co-
passengers available.
• It protects against legal liability due to accidental
damages resulting in the permanent injury or death
of a person, and damage caused to the surrounding
property.