Commercial Vehicle Insurance
Motor InsurancePopular
Sum assured
On request
Premium / yr
On request
Term
1 yrs
Entry age
—
About this plan
Commercial Vehicle Insurance provides financial protection against losses arising from the use of vehicles engaged in commercial activities. In Nepal, insurance for commercial vehicles is governed by the Motor Vehicles and Transport Management Act and regulated by the Nepal Insurance Authority (NIA). Oriental Insurance Company Ltd., Nepal issues commercial vehicle insurance policies strictly in compliance with approved motor tariffs, policy wordings, and directives of the Authority.
What's included
Key highlights
- Zero depreciation
- Engine protect
- Premium cover
Features
- Third-Party Liability Insurance (Compulsory)
- -Death or bodily injury to third-party persons, including passengers carried legally under permit
- -Damage to third-party property caused by the insured vehicle
- -Legal liability arising out of the use of the insured commercial vehicle, subject to limits prescribed by NIA
- Comprehensive own damage includes:
- Accidental Damage
- Fire and Explosion
- Loss or damage due to fire, lightning, or explosion.
- Theft or Burglary
- Natural Calamities
- Riot, Strike, and Malicious Damage
- Legal Liability to Passengers
- Personal Accident Cover (If opted)
Eligibility & term
- Policy term
- 1 year
Plan specifics
- Vehicle type
- Four wheeler
- Own damage excess
- 0%
- Towing coverage
- Included
Coverage breakdown
Own damage (comprehensive)Full vehicle value
Third party liabilityAs per NIA tariff
Zero depreciationFull parts value
Engine protectIncluded
Return to invoiceFull invoice amount
NCB protectionPreserved on claim
Roadside assistance24/7
Personal accidentRs 5 lakh
Pros & cons
Pros
- MOST COMPREHENSIVE motor plan in Nepal
- Zero depreciation - get full claim without deductions
- Engine protect covers water/oil damage
- Return to invoice for total loss
- NCB protection preserves discount
- 68+ years of experience (since 1956)
Cons
- Most expensive motor insurance (Rs 18,000/yr base)
- Premium increases significantly with add-ons
- Limited branch network for claims
- Overkill for old vehicles
What affects your premium
- Vehicle declared value
- NIA tariff rate + add-on costs
- Zero-dep adds ~15-20% to premium
- Engine protect adds ~5-10%
- No-claim bonus discount (up to 50%)
- 13% VAT on total premium
How to claim
- 1Report accident and file FIR
- 2Call Oriental Insurance claims number
- 3Vehicle survey within 24 hours
- 4Cashless repair at network garage
- 5Zero-dep: full parts replacement without deduction
Network
- Network garages
- 40
- Coverage area
- Major cities + India network
Best for
New/expensive vehiclesPremium car ownersMaximum protection seekersLuxury vehicle owners
What's not covered
- Driving without valid license
- Driving under influence
- Wear and tear (covered with zero-dep)
- Racing or speed testing
Other plans from The Oriental Insurance Company
Premium
Quote on request