Oriental Two Wheeler Insurance

Incorporated in the Year 1947, Oriental Insurance has been providing General Insurance Products for Indian citizens over several years and has earned the tag of being respected & preferred Non-Life Insurer.

Oriental Insurance was incorporated in 1947. The company acted as a subsidiary for Life Insurance Corporation of India from 1956 to 1973. In 2003, all shares of the company held by General Insurance Corporation of India was transferred to the Central Government. The company has developed various products that cater to the needs of rural and urban population in India. Apart from retail segment, Oriental also offers excellent cover for large industries such as power plants and steel plants

With over 29 regional offices and have more than 1800+ offices, Oriental Insurance effectively distributes their insurance products to vast sections of society registering a net premium of Rs. 11007crores in the year ending 2020-21. Oriental Insurance specializes in distributing two wheeler policy and has been a leading player in this segment.

Types of Insurance Policies at Oriental Insurance

  • Package Policy or Comprehensive Policy
  • Third Party Liability Coverage

Features of Package Policy

  •  Accidental Loss or Damage to the Vehicle
  • Third Party Liabilities
  • Burglary and theft
  • Fire, Self-ignition
  • Natural disasters like Cyclone, EarthQuake, Tsunami
  • Man-made disasters like riots, strikes, and terrorist activities
  • Loss from transit in road, rail, air, and water

Exclusions in a Package Policy

  • Driving without a valid license
  • Mechanical or Electrical breakdown
  • Damage incurred under the influence of alcohol or drugs
  • Depreciation and other consequential losses
  • Loss due to war and nuclear activity
  • Two Wheeler used for activities like racing

How the amount of Insurance is determined?

  • The amount of Insurance is dependent on Insurance Value of the Vehicle (IDV). IDV is the total value of the insured vehicle which the policyholder will receive in the event of irreparable damage or loss of the vehicle. IDV is dependent on the type of vehicle and is adjusted for depreciation.

Life of Vehicle

Depreciation ratio

Not more than 6 months


6 months  – 1 Year


1 Year – 2 Years


2 Years – 3 Years


3 Years – 4 Years


4 Years – 5 Years


  • Cubic Capacity of the vehicle
  • Zone of Registration

Moreover additional premium is charged for,

  • Electrical/electronic item
  • Accessories
  • CNG/LPG Fuel
  • Add-on covers if opted

What are the discounts in premium?

At Oriental Insurance Company, you can avail the following discounts on premium,

  • Voluntary Deductible
  • Discount for Anti-theft device
  • No Claim Bonus
  • Automobile Association Discount

How to Purchase Two Wheeler Insurance at Oriental Insurance?

Oriental Insurance offers a platform for you to purchase two wheeler Insurance policies conveniently in a hassle-free manner. You can use their platform to buy new insurance policy or even renew your existing life insurance policy,

  • Visit Oriental Insurance website and click on Buy online after selecting two wheeler insurance
  • Enter the type of vehicle, Date of Purchase, RTO Zone, Registration Number, Engine No, Chasis No and other details 
  • Enter the type of policy and add-ons you require, by this step you would know what premium you are going to make
  • Provide the personal details like name, email ID, and other valid documents required
  • Complete the payment and receive the certificate
  • Alternatively, you can also purchase Oriental Insurance Two Wheeler Policy at Fincover, which lets you compare quotes from multiple insurance providers
You can obtain a maximum NCB bonus of 50% for five consecutive claim-free years
You can contact them through three methods
Phone no - 1800118485/011-33208485
Email - csd@orientalinsurance.co.in
Walk into their nearest branch
The premium of the bike depends on several factors like IDV, Vehicle’s cubic capacity, age of the vehicle. Based on these parameters, the insurer will determine your premium amount.
Yes, the plans offered by oriental insurance have been designed keeping in mind the cost-affordability and aims to perfectly fit their budget.