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  • Oriental Two Wheeler Insurance

     4.0 / 5.0   by 173 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.


    Key Benefits Of Oriental Two Wheeler Insurance

    01
    02
    03
    Discounts

    Discounts

    Eligible customers can get a discount on their insurance premium.

    Accidental Cover

    Accidental Cover

    Personal accident coverage will be provided to policyholders.

    Online Renewal

    Online Renewal

    When the policy is about to expire, policyholders can renew it online.


    Add-on Covers For Oriental Two Wheeler Insurance

    01
    Third Party Cover

    Third Party Cover

    Maximum cover for third-party property damage will be Rs. 1,00,000 in the case of two-wheelers.


    Inclusions And Exclusions In Oriental Two Wheeler Insurance

    01
    02
    Inclusion

    Inclusion

    Loss or damage to the insured vehicle due to fire / earthquake / flood / cyclone

    Exclusion

    Exclusion

    Damage by a person driving under the influence of liquor / alcohol / drugs


    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:

    Oriental Two Wheeler Insurance 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 Insurance Two-Wheeler Premium Calculator:

    Before purchasing a two-wheeler insurance policy from Oriental Insurance Company, you can calculate the premium to be paid on your insurance policy. The premium can be easily calculated through the premium calculation page that you can find in the official website of Oriental Insurance Company. Here is the step by step process to do the same. 

    Step 1: Log on to the official website of Oriental Insurance Company. Click on the ‘Buy Online’ tab from the menu bar > Click ‘Motor Insurance’. You will be redirected to another page where you will be able to fill the required details.

    Step 2: Select vehicle type as ‘Motorised two-wheeler’ > Select policy type (Liability Policy/Package Policy).

    Step 3:Step 3: Select the city from where you purchased your two-wheeler after which the RTO zone will automatically appear > Select the manufacturer name > Select vehicle model > Select vehicle variant. After you fill in these details, the cubic capacity of the vehicle, seating capacity and sum insured will automatically appear. 

    Select the city from where you purchased your two-wheeler after which the RTO zone will automatically appear > Select the manufacturer name > Select vehicle model > Select vehicle variant. After you fill in these details, the cubic capacity of the vehicle, seating capacity and sum insured will automatically appear. 

    Step 3: Select the city from where you purchased your two-wheeler after which the RTO zone will automatically appear > Select the manufacturer name > Select vehicle model > Select vehicle variant. After you fill in these details, the cubic capacity of the vehicle, seating capacity and sum insured will automatically appear. 

    Step 4: Under ‘Whether existing vehicle’, if you wish to buy a new insurance policy, choose yes. If you wish to renew your policy, choose yes.

    Step 5: In the next part, you can enter the additional cover details. You may choose the additional covers you want by choosing ‘Yes’ or ‘No’. You may also choose additional cover for the electrical and non-electric accessories of your vehicle. If you choose cover for accessories, you will be required to enter the value of accessories as well as the type of accessories in the description field.

    Step 6: If you are member of any insurance, auto association or any organisation listed in the page, you can select the same and enter the membership number. This may get you a certain percentage of discount on your insurance policy.

    Step 7: Enter the engine number > Choose the colour of your vehicle > Enter the chassis number of your two-wheeler > Selection hypothecation type.

    Step 8: Select the branch office by selecting the state, city/town, and branch office in your nearest area. Once you fill in all the details, click on ‘Calculate Premium’ call to action button. You will get the complete information with the breakup of your premium as own damage premium, third party premium, GST, and total premium amount.

    After you calculate the premium and make up your mind to purchase it, you can click on ‘Continue’ , fill in your personal details and complete the payment process.

    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.

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    Oriental Two Wheeler Insurance Reviews

  • Page 1 of 9 1 2 3 4 5
    • Oriental Insurance Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a bike insurance policy with the Oriental Insurance Company. I am paying a premium of 1200, I do have a claim experience with the policy where I was able to claim 15000-16000. The whole claim process was easy and hassle free. Overall ti has been a good experience with the services.
      Was this review helpful? 3
      , chennai
      Reviewed on Aug 13, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the Bike Insurance policy with the Oriental Insurance Company. I am paying a premium of 2000, the policy covers the entire bike. I do not have any claim experience with the policy either. So far it has been a good experience with their services.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 17, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance policy with Oriental Insurance from last 2-3 years, i am happy with the coverage value of this insurance policy. A premium of Rs 1300 has to be paid every year for this insurance policy. I have not claimed anything so far from this insurance policy.
      Was this review helpful? 1
      , karad
      Reviewed on Jul 05, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I hold a two wheeler insurance policy with Oriental insurance from last 1 year, a premium of Rs 900 has to be paid for this insurance policy. I have not claimed anything so far from this insurance policy. I am happy with the coverage value of this insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 03, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Service so far"
      0.5 5.0/5 "Blown Away!"
      I've a bike insurance policy with the Oriental Insurance Company, I pay a premium of 1600, I do not have any claim experience with the policy. So far it has been a good experience with the policy. I'll have to wait and see how they respond to my claim in case if I'll have any in future.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 20, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with Oriental Insurance from last 12-13 years and it is a good insurance policy to use. My claim experience with this insurance policy is not up to the mark and the coverage value is not good. I pay a premium of Rs 1200 for this insurance policy.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 11, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I hold a two wheeler insurance policy with Oriental Insurance from last 1 year. The coverage value for this insurance policy is up to 60-70%. I have not claimed anything so far from this insurance policy. A premium of Rs 2000 has to be paid every year for this insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 03, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I am using Oriental Two wheeler insurance from last 5 months and it is one of the best insurance policy to use. A premium of Rs 1000 has to be paid every year for this insurance. I have a coverage value of 60-70%. I have not claimed anything so far with this insurance.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 25, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have a two wheeler insurance with Oriental Insurance from last 7 years, i do not have any claim experience so far with this insurance policy. The coverage value of this insurance policy is 60-70% and i am satisfied with it. I pay a premium of Rs 1200 every year for this insurance.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Apr 20, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Better policy to use"
      0.5 4.0/5 "Great!"
      I have got the two wheeler insurance policy along the two wheeler loan. The customer support service is average with the ORIENTAL INSURANCE, they wont give proper reminders to renew the policy . I have paid Rs,11,00 to renew the policy last time.
      Was this review helpful? 0
      , guntur
      Reviewed on Apr 12, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with Oriental insurance from last 3 years, the coverage value of this insurance policy is 60-70% and i am satisfied with it. I have to pay a premium of Rs 1200-1500 and has to be renewed every year. I do not have claim experience so far with this insurance.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 12, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with Oriental insurance from last 1 year and it is a good insurance policy to use. This policy has to be renewed every year and i pay a premium of Rs 4000 for this insurance. I do not have claim experience so far with this insurance and the coverage value is up to Rs 80000.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 05, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with Oriental insurance from last 1 year and it is a good insurance policy to use. This policy has to be renewed every year and i pay a premium of Rs 1200 for this insurance. I do not have claim experience so far with this insurance and the coverage value is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 03, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with Oriental insurance from last 4-5 years and it is a good policy to use. This policy has to be renewed every year and i pay a premium of Rs 700 for this insurance. I do not have claim experience so far with this insurance and i am happy with the coverage of this policy.
      Was this review helpful? 1
      , new delhi
      Reviewed on Apr 02, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have paid around Rs,2500 to renew the two wheeler insurance policy from the Oriental Insurance . The customer support service is good with the Oriental insurance, they give intimations on time to renew the policy before the due date and I am satisfied using it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 29, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with Oriental Insurance from last 4-5 years, I pay a premium of Rs 1200 which has to be paid every year for this insurance. I do not have claim experience so far with this insurance. I am happy with the coverage and plan benefits of this two wheeler insurance.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 13, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Oriental two wheeler insurance service is good for my Bajaj Pulsar 220 CC F bike. The claim benefits are good with Oriental insurance. The documents procedure was been smooth with Oriental Two wheeler insurance service. It was a good experience with Oriental two wheeler insurance service.
      Was this review helpful? 0
      , dibrugarh
      Reviewed on Mar 05, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good two wheeler policy"
      0.5 4.0/5 "Great!"
      I made two wheeler insurance premium around Rs. 2800 for a tenure of year, the IDV value was best in Oriental Insurance, they gave me around Rs. 60k. I have Bajaj pulsar, they gave me road side assistance, no claim bonus and they got wider network in my location.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 27, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Good "
      0.5 5.0/5 "Blown Away!"
      I am still s with the Oriental insurance company for my two wheeler. I have not faced any claims with them and the coverage value is good one for my two wheeler. I am not aware of the premium value and the response is also good too with the oriental insurance company.
      Was this review helpful? 1
      , chennai
      Reviewed on Feb 27, 2018
    • Oriental Insurance Two Wheeler Insurance
      "Better"
      0.5 3.0/5 "Satisfactory"
      I have insured my two wheeler with the Oriental insurance company. I would like to say that the customer service is good one for me with them and the coverage value is good , also the premium value is better one for me.
      Was this review helpful? 0
      , solapur
      Reviewed on Feb 14, 2018
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