The oriental insurance company limited motor insurance renewal

Hello sir I have insurance of my bike from oriental insurance company but soon it will expired so please tell me how can I renew it.

The Renewing of motor insurance of existing policy oriental insurance company is very simple.

You have to just enter the old policy number and pay the premium, you will get the digitally signed policy document instantly.



Overview of Oriental Two Wheeler Insurance

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

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)

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

__________________
Answered By StudyChaCha Member