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5th April 2017, 03:53 PM
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Join Date: Mar 2013
Re: Oriental Bank of Commerce Two Wheeler Insurance

The Oriental Insurance Company Ltd was joined at Bombay on twelfth September 1947. The Company was an entirely claimed backup of the Oriental Government Security Life Assurance Company Ltd and was shaped to complete General Insurance business. The Company was a backup of Life Insurance Corporation of India from 1956 to 1973 ( till the General Insurance Business was nationalized in the nation).

Motor Package Insurance Policy for Two Wheeler

What is secured under Two Wheeler Insurance Policy:

The Package Policy covers

1. Inadvertent Loss of or harm to the Vehicle

2. Obligation to outsiders, Personal mischance cover to proprietor driver.

3. Different Add on Covers on additional premium

Misfortune or harm to bike brought on by :

4. Coincidental outer means.

5. Robbery, House Breaking or Theft.

6. Fire, Explosion, Self Ignition and Lightening.

7. Seismic tremor, Flood, Storm, Landslide or Rockslide, Inundation, Terrorism, Riots, Strikes, Malicious Acts

8. Travel by Road, Rail, inland conduits, air or lift.

What is the Amount of Insurance:

The measure of Insurance will be Insured Declared estimation of the Vehicle (IDV). IDV for vehicle under five years of age is the Manufacturers recorded offering Price which is balanced for Deprecation in light of period of Vehicle. For vehicles past five years old and out of date vehicles, the IDV is commonly concurred esteem.

How is the Premium Calculated :

The Premium figuring depends on the accompanying components:

1. IDV of the vehicle

2. Cubic Capacity of the vehicle

3. Zone of Registration

Time of Vehicle Additional Premium for :

(i) Electrical and electronic things

(ii) CNG/LPG FUEL

(iii) Add on Covers

(iv) Extra Benefit

What is the Period of Insurance :

Scope period is for one year, however shorter span spreads are additionally accessible.

What is not secured under the Two Wheeler Package Policy:

1. Harm by a man driving without a legitimate driving permit

2. Mechanical or Electrical breakdown, disappointment

3. Harm by a man driving affected by alcohol/Alcohol/Drugs

4. Devaluation, any important misfortune

5. Misfortune/Damage owing to War/Mutiny/Nuclear dangers

6. Harm to tires/tubes, unless harm to the vehicle in the mischance with obligation most extreme 50% of significant worth.

7. Harm, outside India unless secured by additional premium for Nepal, Bhutan and Bangladesh, Pakistan, Sri Lanka &Maldives

8. Bike being utilized for Hire or Reward, speed testing, or Racing, Reliability Trials.

9. Loss of or Damage to adornments by Burglary, Housebreaking or robbery unless the Vehicle is stolen in the meantime.

Rebates in Premium:

Taking after Discounts in premium might be allowed:

a) Voluntary Deductible

b) Discount for against robbery Device

c) If no claim is favored in the terminating Policy, a Bonus or Discount named NO CLAIM BONUS is given on the Premium of the new Policy.

d) Automobile Association markdown

Contact Information:

The Oriental Insurance Company Ltd.
Registered Office :
Oriental House, A-25/27, Asaf Ali Road,
New Delhi - 110002
Phone No's :011-43659595

For any grievance or complaint,

Please write to -
Mr. Thomas.T.Oommen , DGM,
Customer Service Department, Oriental House, A-25/27,
Asaf Ali Road, New Delhi-110002.
Email: thomastoommen@orientalinsurance.co.in

Contact details:
For all query, guidance use our Toll free number:
1800118485 Or 011- 33208485 (Normal Charges Apply )

Email:
For complaints/grievance related to insurance policy or claims:
csd@orientalinsurance.co.in
For complaints/grievance related to online insurance policy:
portal.support@orientalinsurance.co.in


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