Oriental Two Wheeler Insurance

Hello sir I am here as I want to get the details of the Motor Package Insurance Policy for Two Wheeler of The Oriental Insurance Company Ltd so will you please provide me the same??

[Kiran Chandar]

The Oriental Insurance Company Ltd was incorporated at Bombay on 12th September 1947. The Company was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out General Insurance business.

As per your demand here I am providing you details of the Motor package insurance policy for two wheeler of this Company:

The Package Policy covers

1. Accidental Loss of or damage to the Vehicle

2. Liability to third parties, Personal accident cover to owner driver.

3. Various Add on Covers on extra premium
Loss or damage to two wheeler caused by :
4. Accidental external means.
5. Burglary, House Breaking or Theft.
6. Fire, Explosion, Self Ignition & Lightening.
7. Earthquake, Flood, Storm, Landslide or Rockslide, Inundation, Terrorism, Riots, Strikes, Malicious Acts
8. Transit by Road, Rail, inland waterways, air or lift.

Amount of Insurance:
The amount of Insurance will be Insured Declared value of the Vehicle (IDV). IDV for vehicle less than five years old is the Manufacturers listed selling Price which is adjusted for Deprecation based on age of Vehicle.
For vehicles beyond five years of age and obsolete vehicles, the IDV is mutually agreed value

Period of Insurance:
Coverage period is for one year, however shorter duration covers are also available.

Discounts in Premium:
Following Discounts in premium may be granted:
a) Voluntary Deductible
b) Discount for anti theft Device
c) If no claim is preferred in the expiring Policy, a Bonus or Discount named NO CLAIM BONUS is given on the Premium of the new Policy.
d) Automobile Association discount