Oriental Bike Insurance Company

The Oriental Insurance Company Ltd. started in Mumbai on 12th September 1947. It was first fully owned by The Oriental Government Read More

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In 2003, all the company’s shares held by the General Insurance Corporation of India were given to the Central Government. Oriental Insurance Company is a government-owned insurance company. It provides non-life insurance and offers more than 170 types of insurance plans. These include Bike Insurance, Health Insurance, and other insurance policies.

The company offers insurance for both city and village people. Because of this, it helps many people meet their insurance needs. Oriental Insurance also has special experience in giving insurance for big industries like power plants, steel factories, and chemical plants, along with bike insurance and related covers.

Oriental Third Party Comprehensive Standalone Own Damage Zero Depreciation Claim Renewal Policy Download Customer Care

Key Features of Oriental Bike Insurance

Key Features	Explanation
Founding Year	1947
Network Garages	3100+
Claim Settlement Ratio	91.64%
Customer Support	24/7
Add-Ons	Available
Third-Party Liabilities	Covered

Types of Oriental Bike Insurance

Oriental Insurance offers three types of bike insurance plans. Each plan gives a different level of safety for your bike.

Third-Party Bike Insurance
This is the basic insurance plan. It covers damage or injury caused to another person or their property by your bike. It does not cover damage to your own bike. This insurance is required by law for all bikes.
Comprehensive Bike Insurance
This plan gives full protection. It covers damage to your bike and also damage or injury caused to others. It also covers accidents, theft, fire, and natural disasters. This plan costs more because it gives more coverage.
Own-Damage Bike Insurance
This plan covers only your own bike. It protects your bike from accidents, fire, theft, and natural disasters. It does not cover damage to other people, so it costs less than comprehensive insurance.

Top Bike Insurance Plans

Benefits of Buying the Oriental Bike Insurance Plan

Below are some simple reasons why you should choose an Oriental two-wheeler insurance plan:

01
Multiple Insurance Plans
Oriental offers different types of bike insurance plans, such as third-party, comprehensive, and own-damage plans. You can choose a plan that fits your needs and budget.
02
Add-On Covers for Extra Safety
Oriental allows you to add extra coverage to your bike insurance. These add-ons give more protection and help cover extra repair costs when needed.
03
Protection Against Accidents and Theft
Oriental Bike Insurance covers damage caused by accidents and also protects you if your bike is stolen. This helps reduce your financial loss.
04
Covers Natural Disasters
The insurance plan covers damage caused by floods, storms, fire, and other natural events. This keeps your bike safe in unexpected situations.
05
Easy and Simple Claim Process
Oriental makes the claim process simple. You can report a claim easily and get help for bike repairs without stress.
06
Affordable Premium
Oriental Bike Insurance comes at reasonable prices. It gives good coverage without putting pressure on your pocket.
07
No Claim Bonus Benefit
If you do not make any claim during the policy period, you get a No Claim Bonus. This gives you a discount when you renew your insurance.
08
Trusted Government Company
Oriental Insurance is a government-owned company. This makes it reliable and trustworthy for long-term insurance needs.

Available Add-Ons in Oriental Bike Insurance

Oriental Bike Insurance offers many useful add-on covers. These add-ons give extra protection to your bike and help you save money on repairs or losses.

Zero Depreciation Cover
This add-on helps you get more claim money when your bike is repaired. The insurance company does not reduce the value of old parts, so you pay less from your own pocket.
No Claim Bonus (NCB) Protection Cover
This cover keeps your No Claim Bonus safe even if you make a claim. It helps you get a discount when you renew your bike insurance.
Return to Invoice Cover
If your bike is stolen or damaged beyond repair, this cover pays the original price of your bike. It helps you avoid a big financial loss.
Roadside Assistance Cover
This add-on helps you when your bike breaks down on the road. You can get help like towing, fuel delivery, flat tyre support, or small repairs.
Engine Protection Cover
This cover protects your bike engine from damage caused by water entry or oil leakage. These problems are usually not covered in basic insurance.
Tyre Protection Cover
This add-on covers the cost of repairing or replacing tyres damaged due to cuts, bursts, or accidents.
Key and Lock Replacement Cover
If your bike keys or locks are lost or stolen, this cover pays for replacing them. It helps avoid sudden expenses.
Personal Accident Cover for Pillion Rider
This cover gives financial help to the pillion rider in case of an accident. It helps pay medical bills or gives compensation for serious injury or death.

Oriental Bike Insurance Policy Coverage

What it Covers

Oriental bike insurance covers the following situations:
Damage or loss caused by fire, explosion, or lightning.
Damage caused by man-made problems like riots, strikes, or terrorism.
Damage or loss due to natural disasters such as floods, earthquakes, storms, or hurricanes.
Loss or damage if your bike is stolen or damaged during theft or burglary.
Money support if your bike is damaged in an accident.
Damage to your bike while it is being transported by road, rail, air, water, or elevator.

What Does it not Cover

Oriental bike insurance does not cover the following:
Normal wear and tear or loss in value of bike parts over time.
Mechanical problems or engine breakdowns.
Accidents that happen when the rider is drunk or under the influence of drugs.
Damage if the rider does not have a valid driving licence at the time of the accident.
Any indirect losses related to the bike.
Damage to tyres or tubes unless the bike is also damaged in the same accident.

Disclaimer: Please refer to your policy documents to know the exact coverage.

Documents Required for Buying Oriental Bike Insurance

To buy Oriental Bike Insurance, you need a few basic documents. These documents make the buying or renewal process easy and fast.Bike Registration Certificate (RC)Valid Driving LicenceAadhaar Card or PAN CardBike Engine Number or Chassis NumberPrevious Bike Insurance Policy details (if any)

How to Buy Oriental Bike Insurance from Square Insurance?

Buying Oriental Bike Insurance from Square Insurance is simple. Just follow these easy steps:Step 1: Visit the Square Insurance website at www.squareinsurance.in.Step 2: Click on “Bike Insurance” under the Insurance Products section.Step 3: If your bike is new, click on “Got a New Two-Wheeler.”Step 4: If your bike is old, enter your bike registration number and click on “View Plans.”Step 5: Fill in simple details like RTO, bike brand, model, variant, and registration year.Step 6: Compare the available plans and choose the Oriental Bike Insurance plan that suits you best.