Car insurance is an important part of owning and driving a vehicle in India. As per law, every car owner must have at least a third-party insurance policy. This type of insurance protects you from legal and financial trouble if your car causes damage to someone else. One such policy is the Oriental Third Party Car Insurance Policy, offered by The Oriental Insurance Company.

In this blog, we will explain what the Oriental Third Party Car Insurance Policy is, what it covers, what it does not cover, and why it is important for car owners.

What Is an Oriental Third-Party Car Insurance Policy?

The Oriental Third Party Car Insurance Policy is a basic car insurance plan that provides coverage for damages or injuries caused to a third party by your car. A third party can be another person, vehicle, or property affected by an accident involving your insured car.

This policy is mandatory under the Motor Vehicles Act, 1988. Without valid third-party insurance, driving a car on Indian roads is illegal.

Why Third-Party Car Insurance Is Mandatory

Third-party car insurance is required by law to protect innocent people affected by road accidents.

This insurance helps:

• Pay for injuries or death of a third party
• Cover damage to third-party property
• Protect car owners from legal penalties
• Reduce financial burden after accidents

The Oriental Third Party Car Insurance Policy ensures that you meet legal requirements while staying financially protected.

What Does an Oriental Third-Party Car Insurance Policy Cover?

The Oriental Third Party Car Insurance Policy provides limited but important coverage. Let us understand this in detail.

Third-Party Injury or Death Coverage

If your car causes injury or death to another person, the policy covers:

• Medical expenses of the injured third party
• Compensation for disability
• Legal liability in case of death

There is no fixed limit on compensation for third-party injury or death, as decided by a court of law.

Third-Party Property Damage Coverage

If your car damages someone else’s property, such as another vehicle, shop, or boundary wall, the policy covers the repair or replacement cost.

The coverage limit for third-party property damage is usually capped as per policy terms.

Legal Liability Protection

Road accidents can lead to legal cases. The Oriental Third Party Car Insurance Policy protects you from:

• Legal expenses
• Court case costs
• Compensation ordered by the court

This legal protection is one of the most important benefits of third-party insurance.

What Is Not Covered Under an Oriental Third-Party Car Insurance Policy?

It is important to understand the exclusions of the policy to avoid confusion during claims.

The policy does NOT cover:

• Damage to your own car
• Theft of your vehicle
• Damage due to natural disasters
• Damage due to fire or explosion
• Personal accident cover for owner-driver (unless added separately)

For your own car's protection, a comprehensive insurance policy is required.

Who Should Buy an Oriental Third-Party Car Insurance Policy?

This policy is suitable for certain types of car owners.

It is ideal for:

• Owners of old cars with low resale value
• People who drive less frequently
• Car owners looking for low-cost insurance
• Those who want to meet legal requirements only

If you want only basic coverage, this policy is a good option.

Benefits of Oriental Third-Party Car Insurance Policy

Even though it is a basic plan, the policy offers important benefits.

Legal Compliance

The policy ensures that you follow Indian traffic laws and avoid fines or penalties for driving without insurance.

Affordable Premium

The premium for Oriental Third Party Car Insurance Policy is lower compared to comprehensive insurance, making it budget-friendly.

Protection Against Legal Claims

Accidents involving third parties can result in high compensation claims. This policy protects you from such financial risks.

Simple Policy Structure

The policy is easy to understand and does not include complex terms or add-ons, making it suitable for first-time buyers.

How Is the Premium for an Oriental Third-Party Car Insurance Policy Decided?

The premium is fixed by the Insurance Regulatory and Development Authority of India (IRDAI).

The premium depends on:

• Engine capacity of the car
• Type of vehicle
• Policy duration

Since rates are regulated, the premium remains the same across insurers for third-party insurance.

How to Buy Oriental Third-Party Car Insurance Policy

Buying the policy is simple and quick.

You can:

• Buy online through the official website
• Purchase through an insurance agent
• Visit a branch office

Online purchase is faster and allows instant policy issuance.

Documents Required to Buy the Policy

Generally, you need:

• Vehicle registration number
• Previous insurance details (if any)
• Basic personal details

Minimal documentation is required for third-party insurance.

How to Renew Oriental Third-Party Car Insurance Policy

Renewal should be done before the policy expiry date to avoid lapse.

Steps to renew:

• Check policy expiry date
• Provide vehicle and policy details
• Make payment
• Download renewed policy document

Timely renewal ensures uninterrupted coverage.

What Happens If the Policy Expires?

If the Oriental Third Party Car Insurance Policy expires:

• Driving becomes illegal
• You may face fines or penalties
• Claims will not be accepted
• You may lose continuity benefits

Always renew your policy on time to avoid issues.

Claim Process for Oriental Third Party Car Insurance Policy

The claim process is different from own-damage claims.

To file a third-party claim:

• Inform the insurance company immediately
• File an FIR in case of serious accidents
• Attend court hearings if required
• Submit required documents

Third-party claims are settled based on court decisions.

Third-Party vs Comprehensive Car Insurance

Understanding the difference helps you choose the right policy.

The Oriental Third Party Car Insurance Policy is suitable if you only want basic legal coverage.

Things to Keep in Mind Before Buying

Before buying, remember:

• It does not cover your own car damage
• It is mandatory by law
• It offers limited protection
• Premium rates are fixed

Choose based on your car’s value and usage.

Conclusion

The Oriental Third Party Car Insurance Policy is a basic and legally required insurance plan for car owners in India. It provides protection against third-party injury, death, property damage, and legal liabilities. While it does not cover damage to your own car, it plays an important role in ensuring legal compliance and financial safety.

If you own an older car or want a low-cost insurance option, this policy can be a practical choice. However, for wider protection, you may consider upgrading to a comprehensive car insurance plan. Choosing the right insurance helps you drive responsibly and stay protected on the road.

Frequently Asked Questions (FAQs)

Q1. What is Oriental Third Party Car Insurance Policy?

The Oriental Third Party Car Insurance Policy is a mandatory car insurance plan that provides coverage for injuries, death, or property damage caused to a third party due to an accident involving the insured vehicle.

Q2. Is Oriental Third Party Car Insurance Policy mandatory in India?

Yes, as per the Motor Vehicles Act, 1988, it is mandatory for all car owners in India to have at least a valid third-party car insurance policy to legally drive on public roads.

Q3. What does Oriental Third Party Car Insurance Policy not cover?

This policy does not cover damage to your own car, theft, fire, natural disasters, or personal accident cover for the owner-driver unless added separately. It only covers third-party liabilities.

Q4. How is the premium for Oriental Third Party Car Insurance Policy calculated?

The premium is fixed by the Insurance Regulatory and Development Authority of India (IRDAI) and is based on factors like engine capacity and vehicle type. The rates are the same across all insurance companies.

Q5. Can squareinsurance help me buy or renew Oriental Third Party Car Insurance Policy?

Yes, squareinsurance can assist you in buying or renewing the Oriental Third Party Car Insurance Policy by guiding you through the process, explaining coverage details, and helping you choose the right plan as per your needs.

Note

For easy insurance purchase, renewal, and policy guidance, you can also use Square Insurance POS – Apps on Google Play, which helps simplify insurance services in one place.