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  • Oriental Two Wheeler Insurance

    Oriental Two Wheeler Insurance
     4.0 / 5.0   by 111 users
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    Plan Benefits

    Policy Coverage

    Customer Service

    Claim Experience

    Given how difficult it is to navigate through our roads and find parking space, it's not surprising that most people, especially youngsters, are partial to two wheelers and bikes. Not to mention the fuel efficiency, lower prices and thrill that come with a bike ride! Unfortunately, in spite of the sweats by municipalities to make roads safer, bike riders are still at a huge disadvantage while sharing the lane with other flashy automobiles as well as pedestrians.

    As per the statistics, some of the most devastating injuries we come across usually involve bikes struck by cars, buses and trucks. There is another paradigm shift. The not-so-indiscernible battle being waged among insurance providers to register car, SUV and truck owners, is slowly changing to those of two wheelers and motorcycles. The growing popularity of bikes is evinced not only in the increasing number of two wheeler insurance campaigns but also in the mounting number of motorbike safety endorsements.

    Overview of Oriental Two Wheeler Insurance

    For many of us, a two wheeler might be the first ever motor vehicle we have owned. Even when we move on to bigger and luxurious vehicles, we cherish those crazy rides with a certain fondness.

    As important and convenient it is to own one, you need to go that extra mile to protect it (and yourself) from every road hazard. Hence a suitable two wheeler insurance plan with comprehensive coverage for natural and man-made disasters like fire, quake, flood, theft, riots or any harm to the bike while on road. Oriental Two Wheeler Insurance recognizes these basic requirements and offers all this as well as additional protection including cover for property damage and third party casualty.

    Features & Benefits

    • No paperwork required.
    • You can receive the insurance copy instantly in your email.
    • You will receive notifications via SMS
    • You will be entitled for no claim bonus when you renew the plan if no claim has been made in the previous year.
    • Avail complementary servicing at partner workshops across the country.
    • There is an option to get cover for your co-passenger.

    Insurance Sum:

    The total sum of insurance will be Insured Declared value of the Vehicle (IDV). IDV for two wheelers bought in the last five years is the industry price minus the depreciated value per year. For bikes older than five years of age and outmoded vehicles, the IDV is usually a price jointly agreed by the parties involved.

    Calculation of Sum Assured for Oriental Bike Insurance

    Oriental Insurance is one of the leading insurance providers in India and Oriental two-wheeler insurance is one of the most sought out product in the insurance market. Before applying for a two wheeler insurance, customers should be familiar with the process of calculating the sum assured. Sum Assured or the Insured Declared Value (IDV) is the maximum amount decided by the insurance provider and is offered on loss or theft of the vehicle. For this amount, the customer pays the premium to the insurer. The sum assured is calculated as the manufacturer’s listing price excluding the cost of depreciation. The value of any additional accessories that does not come with the car is also calculated separately at an extra cost if the accessories have to be covered under insurance.

    In short, the formula for calculating sum assured for Oriental two Wheeler Insurance is as follows.

    Sum Assured = (Listed Selling Price of the vehicle - cost of depreciation) + (cost of accessories that are not included in the listed selling price)

    It is important to note that the sum assured excludes the insurance and registration costs. Policyholders must calculate the sum assured before obtaining a policy because it is the amount that you will get in case your two wheeler is lost or damaged.

    Coverage:

    • Loss or damage to the bike due to an accident.
    • Liability to third party victim and personal accident coverage to the rider/ owner.
    • Choose the add-on covers you want by paying additional premium.
    • Loss or damage to the vehicle due to theft, fire, explosion, natural disasters, strikes, spiteful acts, riots, transit and more.

    Exclusions of Oriental Two Wheeler Insurance

    You claim for two-wheeler accidental insurance will be rejected by Oriental Insurance Pvt Ltd. if the following is found:

    • If the damage to the bike or person is caused because the driver doesn’t hold a valid driving license.
    • If the accident occurred due to some electrical or mechanical problem or engine failure.
    • If the driver is found to be driving under the influence of alcohol or drugs.
    • In case of the vehicles value reduction with age or any other resulting loss.
    • If the loss or damage is due to war, civil commotion or risks related to nuclear radiation.
    • If the tyre or its tube is damages gradually (claim will be accepted if it incurred due to an accident and you can claim up to 50 percent of current value).
    • If the destruction occurred outside the country. But you can pay additional premium for neighbouring countries like Sri Lanka, Pakistan, Nepal, Bangladesh, Bhutan & Maldives.
    • If your bike is rented out, tested or used for races or reliability tests.
    • If your vehicle is damaged during attempted burglary unless the bike itself gets robbed.

    Add-on covers from Oriental Two Wheeler Insurance

    • NIL Depreciation Cover

      Even if your bike sustains partial damages, full price of the parts will be covered without applying devaluation based on the age of the vehicle. Nevertheless some deductible can be made as per the policy terms.

    • Cover for Loss of Private Belongings

      Losing personal belongings (barring cash, credit cards, cell phones & personal computers) of prices between INR 5000 and INR 10000 are disbursed as per the damage section of the plan. This too requires an added premium ranging from INR 400 to INR 650.

    • Alternative Car Benefit

      To reduce inconvenience caused due to the absence of your vehicle (due to a mishap), Oriental Insurance offers a substitute vehicle for the time being to its customers for as long as 15 days with per day limit of INR 400 or INR 650 as chosen. Premium is levied accordingly and this perk is available if the bike is unusable.

    • Free Benefit of Emergency Service through TVS:

      If the two wheeler is indemnified through our branches in Delhi & NCR, Haryana, Punjab, Rajasthan, Himachal Pradesh, South Indian States, Kolkata and Mumbai, the Policy gives you emergency services in the event of a breakdown for free. And no, there is no extra premium for this.

    Claim Procedure

    In the event of an accident, the insurance claim process is as follows.

    • Note down vehicle numbers, contact info of the parties involved and witnesses. File an FIR with these details as well as the damages incurred.
    • Contact the nearest Oriental Insurance office on their toll free number. A staff will get in touch with you at the earliest and assist you with all the procedures.
    • Submit the necessary documents (claim-form, copy of the RC, Driving License copy, FIR copy) at the garage.
    • The staff will gauge the costs and approve the money (minus the costs not covered), which will be paid to the workshop directly.

    Document Required for Claim of Oriental Two Wheeler Insurance

    Based on the nature of your claim, Oriental Insurance Company requires the following documents in case of damage to your two-wheeler.

    Claim due to Break-in & Theft of Two-wheeler:

    • A duly filled claim form.
    • Duplicate copy of claim notification submitted at your nearest Oriental insurance branch with copy of policy and premium receipts.
    • FIR.
    • Police enquiry report
    • Photos or/ and videos of the damaged property that shows how much damage is done.
    • Bills, asset register and bank statements to help the company investigator authenticate the amount of loss.
    • Driving License (DL) – Original and a duplicate copy
    • Registration Certificate of Two-wheeler - Original and a duplicate copy
    • Bike keys.

    Third Party Claim due to bike accident:

    • Duplicate copy of claim notification submitted at your nearest Oriental insurance branch with copy of policy and premium receipts.
    • FIR.
    • Duplicate copy of Driving License & RC.
    • Driver’s statement about the accident.
    • Contact details of the person(s) maimed or killed in the accident and others travelling in any of the vehicle involved.
    • Contact info of the police station and hospital where the incident is reported.
    • Valid copies of injury/ autopsy report.
    • Legal documents duly signed by bike owner & driver.
    • Info on damage incurred to TP Vehicle or property.
    • Statement of owner/ driver on charge sheet.

    Damage claim to Private Vehicle (Car/ 2 Wheeler) due to accident:

    • Duplicate copy of claim notification submitted at your nearest Oriental insurance branch with copy of policy and premium receipts.
    • Contact info of the Spot Examiner who inspected the accident site.
    • Duly filled Claim Form.
    • Original as well as duplicate copy of Driving License & RC.
    • FIR.
    • Repairs required and bills for them.
    • Proof of Road Tax paid.

    Oriental Two Wheeler Insurance Renewal Online

    Renew your Oriental two wheeler insurance policy on the Oriental Insurance online portal which is quick and fuss free. All you need to do is enter the previous policy number, policy date and insured code on the online portal. The digitally signed policy is immediately delivered on your registered e-mail along with a notification over SMS to your phone, after all the payments towards the premium is cleared by you. You can continue to enjoy all the privileges as the renewed policy gets registered on your personal dashboard. The policy is also downloadable, in case you want to keep a copy for yourself.

    If you have bought policies from other insurers, you can renew them on the online portal of Oriental Insurance. You need to provide all necessary details regarding your previous insurance scheme, including the policy number and make the required payments towards the premium. The renewed policy under Oriental Insurance, digitally signed by you, is delivered to your registered e-mail.

    How to Buy Oriental Two Wheeler Insurance Online?

    For enhanced convenience of customers, Oriental Insurance offers the facility of not just buying, but also renewing insurance policies, online. Customers can easily buy a two wheeler insurance policy from Oriental Insurance, online, by following few easy steps. The process is very quick, simple and hassle-free. This process also enables you to buy the insurance policy, sitting inside the comfort of your home/office, having to provide only some basic information. While buying this insurance from Oriental Insurance online, customers are also provided with the necessary tools to calculate the premium amount.

    Once you have logged on to the company’s official portal, just choose the ‘buy now’ option and select two wheeler insurance. You will be led to the ‘premium calculation’ page. With the help of drop-down menu of options provided, select the correct information required for the premium amount calculation of your vehicle. Once the calculation is done, the final amount to be paid will be reflected on your computer/laptop screen. To proceed with the transaction, just click on ‘buy the policy’. You can choose any mode of payment, according to your convenience, using your debit card/credit card (both Visa and MasterCard are accepted) or Net Banking. Once the payment process has been completed with the help of secured payment gateway, you have successfully bought your two wheeler insurance policy. You will receive a soft-copy of your policy papers, policy number and other necessary documents on your registered email address. An intimation in the form of SMS notification shall also be sent to your mobile number. Please note that at the time of buying the policy Oriental already completes the registration process, automatically. You will also receive the login credentials, for the same, in your mailbox. With such a smooth and quick process, buying Oriental two wheeler insurance is definitely a cakewalk.

    FAQs

    How is the premium estimated?

    The Premium calculation is based on factors such as IDV of the vehicle, its cubic capacity, registration zone, age of bike and add-on covers you want.

    Can I purchase and renew policy online?

    You can buy or renew a current Oriental Two Wheeler Insurance policy by visiting the official website and pay using netbanking or your debit/ credit card.

    How much would the Policy pay in damage due to accident or burglary?

    In case of partial destruction the Repair/Replacement value is conditional on reduction of depreciation and price of wrecked parts. If the bike is stolen, IVD is the amount payable to the customer.

    What is the period of an Insurance?

    Coverage duration is usually for one year. But you can also request for shorter period policies.

    What is not insured under Oriental Two Wheeler Insurance Policy?

    • If you do not have a valid driving license.
    • In case of an electrical or motorized breakdown/ failure.
    • If you are driving under the influence of alcohol or drugs or both.

    Oriental Two Wheeler Insurance Reviews

  • Page 1 of 6 1 2 3 4 5
    • review Two Wheeler Insurance
      "Better"
      0.5 3.0/5 "Satisfactory"
      I had got the two wheeler insurance policy with the Oriental insurance company. I had paid around 1200 Rupees as the premium. I got it from the showroom itself. I did not get any claims from them. Premium is okay for me and for every insurance company premium is on the same level only.
      Was this review helpful? 0
      , chennai
      Reviewed on May 20, 2017
    • review Two Wheeler Insurance
      "Very good policy"
      0.5 5.0/5 "Blown Away!"
      I hold a HONDA DREAM YUGA BIKE,I have insured my bike with oriental insurance policy, I use it for about past 10 years. I paid Rs.1075 to renew the policy. They used to give me a reminder call to renew the policy and I also get messages and calls from the customer service. I don't have any claim experience so far but I guess it is very trust worthy insurance company.
      Was this review helpful? 0
      , chennai
      Reviewed on May 15, 2017
    • review Two Wheeler Insurance
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      I am having two wheeler insurance policy with the Oriental insurance company and I got it from the dealer itself. Premium is around 1800 Rupees for yearly bases of time and the coverage value is good and I have not faced any claims with them till now. Its the first party issued.
      Was this review helpful? 0
      , hoshangabad
      Reviewed on May 02, 2017
    • review Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I opted for the car insurance with New India Assurance as the premium amount is 1200 I directly go and pay the premium amount. The insurance is to be renewed on yearly basis. More over the vehicle is fully covered for claiming purposes it should come under the insurance category They have certain percentage for everything.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Apr 28, 2017
    • review Two Wheeler Insurance
      "Very good insurance company"
      0.5 4.0/5 "Great!"
      I got splendor motor bike and I am using oriental insurance for about past 7 years. I pay around Rs.868 as premium amount. They are not intimating the expiry date, I check myself and renew the policy before the due date. The claim experience is really good, and plan benefits are helpful. The policy coverage is good with this oriental insurance.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Apr 23, 2017
    • review Two Wheeler Insurance
      "Good insurance company"
      0.5 3.0/5 "Satisfactory"
      I am using this oriental insurance company for about past 2 years. I pay around Rs.550 yearly to renew the my LML energy bike. It is good to use the Oriental insurance company for my bike insurance. It is helpful having the insurance policy with the oriental insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 22, 2017
    • review Two Wheeler Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Initially my two wheeler insurance was with a different company but now it got changed to a different one. Intialy I was paying around 1250 as a premium but now I am paying around 800 for the new one. Service offered by them is also really good. So far so good I did not face any issues till date I myself visit their office to pay the premium.
      Was this review helpful? 0
      , vapi
      Reviewed on Apr 19, 2017
    • review Two Wheeler Insurance
      "Good "
      0.5 4.0/5 "Great!"
      I am having two wheeler , which got insured with the Oriental insurance company and it was done by the broker who have tied up with the finance company. I have not done up with any claims till now and the response is very good with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 11, 2017
    • review Two Wheeler Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have insured my two wheeler with the Oriental insurance company and I had been with them from the last four years of time. Customer service is fine with them and the responsiveness too. Premium is around one thousand two hundred.Insurance is like if you met an accident it covers totally also it varies on a case to case basis and it provides 25% coverage which is normal.
      Was this review helpful? 3
      , aurangabad
      Reviewed on Feb 19, 2017
    • review Two Wheeler Insurance
      "Very Good"
      0.5 4.0/5 "Great!"
      Oriental insurance is good and their service is also good.I have using this insurance from quit long time now.I haven't shifted to anything because it is convenient for me.It is a good one , in long term.I haven't checked what all will cover in the insurance.
      Was this review helpful? 1
      , saharanpur
      Reviewed on Feb 05, 2017
    • review Two Wheeler Insurance
      "Excellent"
      0.5 4.0/5 "Great!"
      ORIENTAL insurance is really great. It is a good one , its a long term policy .I am holding this Two wheeler insurance for a period of 10 years down the line now. The premium what I pay is 660/- this time before it was 1000 something and if you forget to renew the insurance there is a penalty of 30 to 35 rupees.It is very much appreciable and its really a nice one.
      Was this review helpful? 1
      , vapi
      Reviewed on Feb 05, 2017
    • review Two Wheeler Insurance
      "Insurance"
      0.5 3.0/5 "Satisfactory"
      I have two wheeler insurance policy with Oriental insurance company and the premium is around 800 Rupees. Insurance value of the vehicle is not good with them and the customer service is also good with them. Till now, I did not approach them for any claim.
      Was this review helpful? 7
      , bangalore
      Reviewed on Jun 29, 2016
    • review Two Wheeler Insurance
      "Not a customer friendly"
      0.5 1.0/5 "Really Bad"
      I have two wheeler which got insured with Oriental insurance company and the services are not good because they are not flexible with customers. I used to pay around 1000 Rupees as premium and the depreciation value is nominal one.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jun 03, 2016
    • review Two Wheeler Insurance
      "Easy to process "
      0.5 5.0/5 "Blown Away!"
      The service provided was good related to the two wheeler Insurance.In case of renewing the process it was very immediately.They are intimating about the payments date and expiry on time.They are accepting all mode of payments for the customer.
      Was this review helpful? 3
      , visakhapatnam
      Reviewed on May 25, 2016
    • review Two Wheeler Insurance
      "Good coverage"
      0.5 4.0/5 "Great!"
      I have my two wheeler insurance with Oriental Insurance which I renewed in 2015 as the first year premium was paid by the dealer. I continued with the same provider as it comes as a default tie up. I pay around Rs.1500 per year to their office by cash. It has a good cover of third party and driver as it has accidental cover. It covers damages to the vehicle and theft.
      Was this review helpful? 2
      , jaipur
      Reviewed on May 13, 2016
    • review Two Wheeler Insurance
      "Good experience"
      0.5 4.0/5 "Great!"
      I have taken a two wheeler insurance for my bike with Oriental Insurance about 4 months back. I pay a premium of Rs.1200 on yearly basis to their office by cash payments. Their customer service has been good so far and it has been a hassle free experience with them. The insurance cover is for Rs.1 Lakh.
      Was this review helpful? 5
      , karur
      Reviewed on Apr 15, 2016
    • review Two Wheeler Insurance
      "Average experience"
      0.5 3.0/5 "Satisfactory"
      I have taken a two wheeler insurance for my bike with Oriental Insurance. I pay a premium of Rs.1600 on yearly basis to their office by cash payments. Their customer service has been average so far and it has been a hassle free experience with them. The insurance cover is for Rs.1 Lakh.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 13, 2016
    • review Two Wheeler Insurance
      "Average"
      0.5 1.0/5 "Really Bad"
      I have two wheeler which got insured with the Oriental insurance company and am paying aroused 1300 Rupees as the premium. Depreciation value is a normal one with them. I am not okay with them because I have faced the claim where they have settled around 40% of cost of damage.
      Was this review helpful? 3
      , bangalore
      Reviewed on Apr 08, 2016
    • review Two Wheeler Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I do have two wheeler insurance policy with the Oriental insurance company and am paying around 1500 Rupees per annum. Total insured value is around 50000 Rupees and the coverage will inclusive of riders too.
      Was this review helpful? 1
      , chennai
      Reviewed on Apr 05, 2016
    • review Two Wheeler Insurance
      "Good "
      0.5 3.0/5 "Satisfactory"
      I am having the two wheeler which got insured with Oriental Insurance company. Customer service is good and am paying around 1180 Rupees per annum. I can say that the coverage value is good one with the oriental Insurance company.
      Was this review helpful? 1
      , pune
      Reviewed on Mar 28, 2016
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