Third party cover
Compulsary
Towing coverage
Availiable
Type
Comprehensive +Third party
Coverage
रु. 0
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.
- 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)
- Zero depreciation
- Engine protect
- Premium cover
Zero Depreciation
No deduction for parts depreciation during claim
Engine Protect
Covers engine damage from water ingress, oil leak
Return to Invoice
Get full invoice value if vehicle is total loss
NCB Protect
Retain no-claim bonus even after filing a claim
Roadside Assistance
24/7 breakdown and towing service
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
- 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