Oriental Bike Insurance

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Highlights
    Network Garages3,100+
    Emergency AssistanceAvailable 24/7
    Claim Settlement Ratio91.76% in FY20
    AccreditationAAA/Stable Rating by CRISIL
    Zero Depreciation CoverAvailable
    Third Party CoverAvailable

    About Oriental Bike Insurance

    Oriental Insurance Company Ltd. is a public sector general insurance company known for its wide network to offer bike insurance and many other services. It was incorporated on 12th September 1947 in Mumbai but has its headquarters in New Delhi. It has spread its reach to overseas countries such as Dubai, Kuwait and Nepal. It has 31 regional offices and more than 1,800 active branches. With the backing of a motivated workforce, this company has set an example of laying down systems for the smooth and orderly conduct of bike insurance and other businesses over the years.

    Oriental Insurance Company is a government-owned non-life insurance company, which offers more than 170 variants of insurance. It offers a wide range of policies such as Bike Insurance, Health Insurance, Life Insurance, etc. It has insurances that cater to the needs of not only the urban but also the rural people and as a result, it has reached out to a greater number of people satisfying their needs. The Oriental Insurance Company has expertise in devising special covers for power plants, steel, petrochemical and chemical plants apart from bike insurance and related covers.

    As per the reports of 2018, Oriental insurance company has collected a premium of Rs.11452 crores in a financial year. It has successfully provided employment to more than 14,000 people and even connected to the rural parts of India. Oriental Insurance Company has earned its share of popularity for its overseas operations subject to bike insurance and other businesses. It has hired competent professionals that provide one of the best customer services for bike insurance and other solutions in the industry and has a tagline “Service to Client”.

    Oriental Bike Insurance

    Riding a two-wheeler comes with a number of risks. To protect both you and the two-wheeler it is advisable that one purchase insurance for it. Insurance provides a layer of protection in case of a mishap, the policyholder receives compensation for their losses and thereby can remain relatively financially secure in times of crisis. Oriental General Insurance Ltd. offers three basic types of insurance for two-wheelers; third party insurance, standalone own damage insurance and comprehensive plans. It is compulsory for every two-wheeler in India to have at least a third party insurance policy according to the Indian Motor Tariff. The insurance will take care of third party liabilities in case of a mishap, this includes bodily injuries, death or property damage. The fine for not having third party insurance is Rs 2,000 and/or imprisonment for up to 3 months. The standalone own-damage cover, on the other hand, will compensate the insurance holder for the damage to their two-wheeler. Own-damage covers offer protection from a wide array of situations including theft, vandalism, road accidents, natural and manmade calamities. Lastly, a comprehensive plan offers well-rounded protection, it covers both own-damage costs and third party liability under a single premium.

    Along with own-damage covers, you can purchase add-on covers to further enhance the policy’s coverage. Add-on covers are optional and allow you to pick and choose according to your requirements. Moreover, if chosen correctly it can make a significant difference during claim settlement. Some add-on covers that you should definitely consider are the zero depreciation cover, consumables cover, roadside assistance cover and passenger assistance cover.

    Oriental Insurance is a reliable insurance provider known for its efficient service and competitive rates. When you purchase an own-damage cover from Oriental they also offer a no claim bonus for every claim-free year. The reward is cumulative and goes up to 50% in the fifth consecutive year.

    Significant Points of Oriental Bike Insurance

    Features

    Coverage

    Third Party Insurance - Property damage

    Up to Rs 1 Lakh

    Own Damage Cover

    Determined by the IDV of the two-wheeler

    Personal Accident Cover

    Up to Rs 15 Lakh

    Claim Assistance

    Available 24x7

    What is your bike's brand?

    • Hero
    • Honda
    • TVS
    • Bajaj
    • Yamaha
    When did you buy your bike?
    20052019
    Have you made a claim in the previous year?

    Benefits of Oriental Bike Insurance

    • 24x7 emergency assistance
    • A network of 3,100+ garages
    • Digital insurance process system
    • Instant online insurance renewal
    • Customers can make unlimited claims.

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    Oriental Two Wheeler Insurance FAQs

    • Why do I need two wheeler insurance?

      Firstly, all two wheeler owners are mandatorily required to have at least a third party two wheeler insurance cover as per Indian Motor Tariff. Moreover, a two wheeler insurance plan acts as security at the time of uncertainties of life. One can travel safely and effortlessly on the road when they are covered under a safety net. Two wheeler insurance will allow the policyholder to be ready before the uncertainty arrives.

    • What are the factors affecting the premium amount?

      The premium amount that policyholders need to pay during the policy period depends on several factors like, IDV of the bike, bike’s cubic capacity, registration zone, age of the vehicle, etc. Depending on these factors the insurer will decide your premium amount.

    • What does the online portal of Oriental two wheeler insurance offers?

      The online portal of Oriental two wheeler insurance allows the policyholder to get all the services operated at their fingertips by sitting at home. It offers a host of services such as the purchase of policy plans, renewal of plans, migration of two wheeler plans etc.

    • What are the two wheeler insurance add-on covers offered by Oriental General Insurance?

      Oriental Two Wheeler Insurance offers various add-on covers through which the policyholders can stretch their coverage. The add-ons are Zero Depreciation Cover, Loss of Personal Items, Alternative Car Advantage, Emergency Service Free of Cost etc.

    • Is the Oriental two wheeler insurance cost-effective?

      Yes, the two wheeler insurance policies provided by oriental insurance are designed to satisfy the needs of the customer and aim to fit perfectly in their budget. The company takes special considerations to offer budget-friendly insurance policies.

    Why to buy from InsuranceDekho?

    • Instant policy# within 5 mins
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    Oriental Bike Insurance Contact details

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    Disclaimer

    This article is issued in general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

    #Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.