Oriental Two Wheeler Insurance is a Comprehensive Policy. Details Of Oriental Two Wheeler Insurance includes it's status, if this policy has online buying option and also about the incurred claims ratio of the insurance company. Incurred claims ratio is simply a ratio of money spent on claim settlement to money earned through premiums by the insurance company. I.C.R. for this insurer for the year 2014-15 is 78.84 %. This plan is currently active and thus can be bought from the insurance provider at present time.
Oriental Insurance provides various kinds of discounts which results in reduction of premium paid. Oriental Two Wheeler Insurance Discounts may include discounts such as no claim bonus, voluntary discount. For this plan no claim bonus is not available. Apart from these, some insurance firms also provide discounts for being a member of automobile association or for installing ARAI approved anti theft device. Voluntary discount option is not available in this policy.
24 x 7 claim support, cashless garages and some other facilities are included under claims in Oriental Two Wheeler Insurance. In 24 x 7 claim support, customer care number, online tracking options are available. It is one of the important features using which you can check your policy status or in case you face any difficulty during a claim process then customer care number is also available. Garage cash is one other feature that may prove to be beneficial to the potential buyer.
Other terms in Oriental Two Wheeler Insurance include depreciation on other parts of the vehicle and deductibles like voluntary and compulsory deductibles. The deductibles are paid by policy holder and it is a part of the claim. Deductibles are charged to lower the incidence of claims and are provided only in comprehensive policy. Voluntary deductibles save premium whereas compulsory deductibles reduce the chances of damages and resultant claims. Voluntary deductibles are available in Oriental Two Wheeler Insurance.
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