ORIENTAL TWO WHEELER INSURANCE ADDONS

Oriental offers a variety of optional coverage options that you can choose from when purchasing or renewing your policy. Buy New India two-wheeler insurance addon covers with your policy to enhance your bike’s insurance coverage.

Zero Depreciation

Depreciation refers to the loss in the price of your bike as it ages; it refers to the wear and tear on your vehicle over time, and it lowers the worth of the vehicle. So, if your bike was initially worth Rs.  55,000 when it was new and is now worth Rs. 20,000, the depreciation you've experienced is around Rs. 35,000.

However, if you get a zero-depreciation bike insurance add-on, for your vehicle the insurer will not deduct the cost of depreciation and you will receive full repair coverage.

This cover is also known as ‘Nil Depreciation’ or ‘Bumper-to-Bumper’ cover. Find out more about this cover and related benefits here.

Loss of Personal Belongings

This add-on compensates for the loss or damage to the insured's possessions that were in the vehicle at the time of the loss or damage.

Frequently Asked Questions

1. Can I transfer my No Claim bonus when changing my insurer?

Yes, you can transfer the benefits of your no-claim bonus when you switch your insurance policy from one insurer to another. However, this can be done only up to 90 days from the policy expiry date.

2. When can I buy Oriental bike insurance add-on coverage and include them in my plan?

You can purchase Oriental bike insurance add-ons when purchasing the insurance cover or when renewing your bike’s insurance policy.

3. Is it ok to not file a claim if the harm is minor?

It is preferable not to file a claim for minor repairs. As a result of not filing any claims throughout the policy period, you will receive a No Claim Bonus discount on your next year’s premium.

4. Is it possible to purchase additional coverage with a third-party bike insurance policy?

No. Add-on coverage can be purchased with either a standalone own damage policy or a comprehensive insurance policy, but not with a third-party bike insurance policy

5. Why do I need a bike Insurance policy, is it compulsory?

Insuring all vehicles against the risks of third-party damage is mandatory as per Motor Vehicle Act 1988. This means third-party coverage is mandatory.