Oriental Own-Damage Bike Insurance Policy

The Oriental own-damage (OD) bike insurance policy, also known as a standalone (OD) bike insurance policy, covers your bike's repair or replacement costs if it gets damaged due to accidents, natural calamities, man-made events, theft, and fire. This OD bike policy provides comprehensive protection separate from third-party liability insurance coverage. Read more to learn about the Oriental OD bike policy in detail.

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Oriental Own-Damage Bike Insurance Policy – Key Features

The table below focuses attention on the critical features of Oriental OD bike insurance policy:

Categories Key Features
Policy Coverage
  • Damages or losses due to road accidents are covered. 
  • Financial assistance when the insured two-wheeler is stolen.
  • Covers damages or losses arising due to natural disasters like hurricanes, floods, etc. 
  • Protects the insured bike against man-made disasters such as war, riot, civil disorder, etc.
Policy Premium
  • Reasonable premium prices.
  • Multiple riders or add-ons are available to enhance the OD bike insurance policy coverage. 
  • Bike owners must have Personal Accident (PA) cover, requiring only a small additional premium.
Convenience
  • Involves zero paperwork while issuing a bike insurance policy.
  • Wide network of garages ensures an easy and smooth claim process.
  • Availability of convenient online options for policy purchase and renewal.

*Disclaimer: The key features in the table above are only for reference purposes. For exact coverage details, please refer to the policy wording.

Why Choose Oriental Own-Damage Bike Insurance?

Oriental OD two-wheeler insurance policy provides financial coverage for your bike against various risks, including accidents, theft, natural disasters like earthquakes or floods, man-made disasters such as vandalism, and fire damage. By combining Oriental own-damage insurance with mandatory third-party insurance policy, you get comprehensive protection for your bike. 

The following are the benefits of choosing an Oriental own-damage two-wheeler insurance policy:

  • Comprehensive Coverage: Oriental OD policy offers extensive protection for your bike, covering various scenarios that can cause damage or loss.
  • Easy Claims Process: The Oriental Insurance Company Ltd. is known for its hassle-free and quick claims process, making getting back on the road easier.
  • Customisation Options: By adding any of the available add-ons, you can customise your Oriental two-wheeler insurance policy to fit your specific needs.

Inclusions of Oriental Own-Damage Bike Insurance

The own-damage bike insurance by Oriental Insurance Co. Ltd provides coverage for the following instances:

  • If your bike is damaged due to a fire or an explosion, it's covered.
  • Any damage to your bike from accidents is included.
  • Your bike is protected against damage from natural and man-made disasters like floods, earthquakes, riots, or wars.
  • If your bike is stolen or vandalised, the OD insurance policy will cover it. 

Exclusions of Oriental Own-Damage Bike Insurance

Following are the events that are not covered under Oriental OD two-wheeler policy:

  • This policy does not cover damages or injuries to third parties or their property.
  • The natural decrease in the bike's value over time is not covered.
  • Accidents that happen outside the geographical area specified in your policy document are not covered.
  • Accidents that occur while you are driving under the influence of alcohol.
  • Breakdowns due to mechanical or electrical issues are not included.

How to Buy Oriental Own-Damage Bike Insurance Online?

Follow these steps to purchase a standalone Oriental bike insurance policy online:

  • Step 1: Visit Policybazaar.com and select the 'Insurance Products' option in the top menu.
  • Step 2: Select 'Own-Damage Bike Insurance' from the list of available options.
  • Step 3: Accurately enter your two-wheeler details and click on the 'View Prices' button.
  • Step 4: Select the Oriental own-damage bike insurance option. 
  • Step 5: Fill in the necessary details correctly to proceed further.
  • Step 6: Complete the premium payment online, and the policy document will be sent to your registered email address.

How to Raise Oriental Own-Damage Bike Insurance Claims?

In order to raise Oriental own-damage bike insurance claim, follow the steps mentioned below:

  • Step 1: Inform your insurance provider about the incident.
  • Step 2: Download the claim form from the insurer's website, complete it accurately, and sign it.
  • Step 3: Submit the completed claim form to the insurance provider and the necessary documents.
  • Step 4: The insurance company will send a surveyor to evaluate the damages to your bike.
  • Step 5: The surveyor will send the assessment report to the insurance provider, who will then review and decide to approve or reject your claim.
  • Step 6: If the insurance company approves your claim, you can get cashless repairs at any of the insurer's network garages. If you choose a non-network garage, pay for the repairs yourself and then submit the bills to the insurer for reimbursement.

Documents Required for Oriental Own-Damage Bike Insurance Claim

To file an Oriental own-damage bike insurance claim, the following documents are required:

  • Correctly filled out and signed claim form
  • Copy of the FIR (if applicable)
  • Registration Certificate (RC) of the two-wheeler
  • Original OD bike insurance policy document
  • Driving Licence (DL) of the rider
  • Any other documents requested by the insurer

FAQs About Oriental Own-Damage Bike Insurance Policy

  • Q1. What is the own damage policy?

    Ans: Own damage insurance covers repair or replacement costs for your bike if accidents, theft, fire, natural disasters, or man-made incidents damage it.
  • Q2. Is FIR required for Oriental own-damage bike insurance claims?

    Ans: Yes, an FIR is required for own-damage claims related to theft or major accidents.
  • Q3. How many times can we claim OD bike insurance?

    Ans: There is no fixed limit on the number of times people can raise a claim. However, frequent claims can increase your premium or may affect your No Claim Bonus.
  • Q4. Is Oriental own-damage insurance worth it?

    Ans: Yes, the Oriental OD bike policy is worth it. It protects your vehicle against the costs of repairing or replacing it due to damage or loss. It is especially beneficial for new vehicle owners.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 46 Reviews)

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Oriental Own-Damage Bike Insurance Policy Reviews & Ratings

4.8 / 5 (Based on 46 Reviews)
(Showing Newest 10 reviews)
Ish
Howrah, October 09, 2021
No claim bonus
Last week I renewed my Oriental two wheeler insurance policy which i took from Policybazaar and I am happy as I have got a slight discount on the premium rate. i have got no claim bonus for not raising claim request during the policy term.
Aryan
Srinagar, October 09, 2021
Faster claim settlement
I had an accident last month thankfully I had taken the two wheeler insurance from Policybazaar. i applied for the claim settlement and i got cashless repairing as well as cashless treatment of myself. i did not have to pay any charges whether it is repair expenses or medical expenses.
Aryan
Aurangabad, October 09, 2021
Best service
I have taken oriental two wheeler insurance after comparing the benefits on the website of Policybazaar. i had few questions regarding payment processing and I got satisfactory answers to all my questions. i would like to buy more plans from here.
Bhavana
Dhanbad, October 09, 2021
Impressive service
When I was taking oriental two wheeler insurance from policybazaar, I was facing some problem in document process. Policybazaar solved my problem within a minute and I bought my plan very easily. i am really impressed with the service provided by the Policybazaar.
Divjot
Navi Mumbai, October 09, 2021
Road side assistance
Last week i got road side assistance as my bike broke down in the middle of the road. it was twelve at night when i contacted the Policybazaar for assistance. my reliance general two wheeler insurance policy provided me help at midnight.
Divyansh
Allahabad, October 09, 2021
Round the clock assistance
I have got all the facilities from Policybazaar that were promised. I had taken Oriental Two Wheeler Insurance in which the company assured me of round the clock assistance in any difficult situation. a week ago my bike got damaged on the road. I contacted Policybazaar and they provided assistance to me at midnight.
Dhruvi
Amritsar, October 09, 2021
Great customer service
Whenever I needed help from Policybazaar, they were always available for me. I am glad that I have taken oriental two wheeler insurance from Policybazaar as their customer service is very good They will be available to their customer if customer contact them at midnight.
Siddhant
Rajkot, August 18, 2021
Fair rate
i had taken Oriental two wheeler policy from policy bazaar website. i got it at a fair price. i am happy with coverage given under the policy recently i contacted policy bazaar for renewal and that was my first experience of renewal.i would say i had a great and hassle free experience with policy bazaar.
Ashok
Hamirpur, June 04, 2021
Easy to buy
It is very easy to buy Oriental two wheeler insurance online. Since I purchased it through policybazaar, I also got extra discounts. It is a good deal.
Paritosh
Patana, June 04, 2021
Additional benefits
My Oriental two wheeler insurance plan is really good and I found it comprehensive. I have taken some additional benefits to protect me and my bike better. Policybazaar helped me through all of it very smoothly.

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis