No, there isn't an oil light, just a speedometer basically, as well as a neutral light and the turn signals, highbeam, and alternator/charge light.
One thing I will say about the ruggedness of it, based on when I first thought I felt drops hitting my face from the car ahead (thought someone was using washer fluid on their car and I was gettingg the spray), I basically drove for 8kms on an air cooled engine running at its top speed. I'm rather impressed it lasted as long as it did, but nevertheless, it has seized beyond point of repair. Taking the cylinder jugs off today, looks like the internals are completely scored out inside, pistons appear damaged, etc
Also, had my helmet on the ground for the 2.5 hours I was on the side of the road. 32 motorcycles over that time drove by. Not even a wave. Not making a statement one way or the other, just an observation.