About Oriental Bike Insurance
Oriental Insurance Company Ltd. is a public sector general insurance company known for its wide network. It was incorporated on 12th September 1947 in Mumbai. It has spread its reach to overseas countries such as Dubai, Kuwait and Nepal. It has 31 regional offices and more than 1800 active branches. The company has set its headquarters in New Delhi.
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 Motor, Health, Life 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. With the backing of a motivated workforce, this company has set an example of laying down systems for the smooth and orderly conduct of business over the years.
The Oriental Insurance Company has expertise in devising special covers for power plants, steel, petrochemical and chemical plants. It has hired competent professionals that provide one of the best customer services in the industry and has a tagline “Service to client”. It collected the first year premium of Rs.99,946 in 1950 and it has witnessed growth since then. As per reports, the gross premium went up to Rs. 58 crores in 1973 touching crores for the first time. According to the latest reports of 2018, Oriental insurance company has collected a premium of Rs.11452 crores.
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.
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Oriental Bike Insurance User Reviews
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.
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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.