Hero Two Wheelers Insurance

The Hero MotoCorp has been a leading name in the design and development of technologically advanced motorcycles and scooters for its customers across the globe. The company, with headquarter in New Delhi, India, has managed to become the world’s largest manufacturer of two-wheelers in terms of volume sales unit in a calendar year in 2001.

The company holds the world’s largest two-wheeler market with more than 50% share in the domestic motorcycle market. It has marked its presence in 37 countries across Asia, Africa, and South & Central America with over 90 million satisfied customers through its range of products.

The portfolio of Hero MotoCorp presently comprises 11 two-wheeler models including Hero Splendor Plus, Hero Passion Pro, Hero Xtreme 160R, Hero XPulse 200, Hero Destiny 125, etc., with Hero XPulse 200 being the most expensive bike which is priced at around Rs. 1.11 lakh.

The world-class centre of innovation and technology of the company is established in Rajasthan, India, to bring the cutting-edge bikes and scooters for the customers. At present, the Hero MotoCorp has an annual combined production capacity of approximately 9 million units of two-wheelers.

Hero Bike Insurance

When opting for insurance for your Hero bike, you can choose between third-party liability insurance, which is mandatory as per Indian law and covers damages to third parties, and a comprehensive insurance policy, which includes third-party liability as well as damage to your own bike. Comprehensive policies also offer various add-ons like zero depreciation, roadside assistance, and engine protection, allowing for a more customized protection plan.

It's important to consider factors such as the bike model, age, usage, and individual riding habits when selecting the right insurance policy, ensuring that your Hero bike is adequately protected against a wide range of risks and uncertainties.

Types of Insurance Plans Available for Hero Bikes

When insuring your Hero bike, you have several options to choose from, each offering different levels of protection:

1. Third-Party Liability Insurance: This is the most basic and legally mandatory type of insurance. It covers damages or injuries caused to third parties and their property by your Hero bike. However, it does not cover any damage to your own bike.
2. Comprehensive Insurance: This policy offers extensive coverage. It includes third-party liability and also covers damages to your own bike due to accidents, theft, natural calamities, and other unforeseen events. Comprehensive insurance is recommended for complete protection.
3. Stand-Alone Own-Damage Insurance: This type of policy covers damages to your bike only and can be purchased if you already have a third-party liability policy. It’s a good option if you want to extend your coverage beyond the mandatory third-party insurance.

Each type of insurance plan has its own set of benefits, and the choice largely depends on your specific requirements, the bike’s usage, and how much you are willing to spend on premiums. It's crucial to assess your needs carefully to select the most appropriate insurance plan for your Hero bike.

What is Covered in Hero Bike Insurance?

Hero bike insurance, depending on the type of policy chosen, typically covers a range of scenarios to provide financial protection against various risks:

1. Damage to the Bike: Comprehensive policies cover damages to your Hero bike due to accidents, natural disasters (like floods, earthquakes), and man-made events (such as theft, riots, vandalism).
2. Third-Party Liability: Both third-party and comprehensive insurance cover any legal liabilities arising due to injuries, death, or property damage caused to a third party by your bike.
3. Personal Accident Cover: This provides a safety net in case of injury or death of the rider. While often included in comprehensive policies, it can also be availed separately.
4. Theft: Comprehensive insurance policies provide coverage in case your Hero bike is stolen.
5. Natural Calamities: Damage due to natural calamities like floods, earthquakes, and landslides are covered under comprehensive insurance.
6. Man-Made Disasters: Any damage resulting from riots, strikes, and other man-made disturbances are covered under comprehensive policies.
7. Engine Protection: As an optional add-on in comprehensive insurance, it covers damage to the engine, which is particularly beneficial in areas prone to waterlogging.
8. Roadside Assistance: This add-on offers assistance services like towing, fuel delivery, and minor on-site repairs in case of breakdowns.

The specifics of what is covered can vary based on the insurer and the policy details, so it’s important to review the policy document for precise coverage information.

What is Not Covered in Hero Bike Insurance?

While Hero bike insurance provides extensive coverage, there are certain standard exclusions where the policy does not offer protection. Understanding these exclusions is crucial for policyholders:

1. General Wear and Tear: Normal aging and wear and tear of the bike, including depreciation, are not covered under the policy.
2. Mechanical or Electrical Breakdowns: Failures due to mechanical or electrical malfunctions that are not a result of an insured event are excluded from coverage.
3. Damages Under Influence: Any damage incurred while the rider is under the influence of alcohol or drugs is not covered.
4. Riding Without a Valid License: Damages caused while the bike is being operated by someone without a valid driving license are excluded.
5. Illegal Use: Damages occurring while using the bike for illegal activities or purposes not covered under the policy, such as racing or commercial use, are not included.
6. Unauthorized Modifications: Modifications made to the bike without the insurer’s approval, especially those that may affect its performance or risk profile, can lead to claim denial.
7. Consequential Damages: Consequential damages, which are indirect results of a direct event, like engine damage due to riding with a leaking oil tank, are generally not covered.
8. War and Nuclear Risks: Events related to war, nuclear risks, and similar scenarios are typically excluded from standard bike insurance policies.

Being aware of these exclusions is essential for Hero bike owners to ensure their expectations align with their insurance coverage and to avoid surprises during the claim process.

How to Buy Insurance for Hero Bikes From InsuranceDekho?

Purchasing insurance for your Hero bike from InsuranceDekho is a straightforward and hassle-free process. Here's how you can do it:

1. Visit the InsuranceDekho Website: Begin by navigating to the InsuranceDekho website. This platform offers a user-friendly interface and easy navigation.
2. Enter Bike Details: On the website, you’ll find an option to get a quote for your bike insurance. Enter the details of your Hero bike, such as the model, year of manufacture, and registration details.
3. Select the Type of Insurance: Choose the type of insurance you need for your Hero bike – third-party liability only or a comprehensive policy. You can also consider stand-alone own-damage insurance if you already have third-party coverage.
4. Compare Policies: InsuranceDekho allows you to compare different insurance policies from various insurers. Compare the features, coverage, and premiums to find a policy that best fits your needs.
5. Choose Add-Ons (if needed): If you opt for a comprehensive policy, you’ll have the option to select add-ons like zero depreciation cover, engine protection, roadside assistance, etc., for enhanced coverage.
6. Fill in Personal Details: Enter your personal details such as name, contact information, and address.
7. Review Policy and Premium: Before proceeding, review all the details of the policy you’ve chosen, including the coverage, add-ons, and the premium amount.
8. Make Payment: Complete the purchase by making the payment online. InsuranceDekho offers various secure payment options.
9. Policy Issuance: Once the payment is made, the insurance policy will be issued. You’ll receive the policy document via email, which you can download and print for your records.
10. Seek Assistance if Needed: In case you need any help or have queries during the process, InsuranceDekho’s customer support is available to assist you.

By following these steps, you can easily buy insurance for your Hero bike through InsuranceDekho, ensuring your vehicle is protected with a suitable insurance policy.

How to Renew an Expired Policy for your Hero Two-Wheeler?

To keep enjoying the benefits of bike insurance, it is mandatory for all the bike owners of Hero bikes to timely renew their bike insurance policies and ensure its continuation without any break. Thus, it is suggested to renew your insurance plan before its expiry date to make your bike stay secured. Here are the steps to renew your Hero bike insurance plan online at InsuranceDekho:

Step 1: Visit the website of the InsuranceDekho and click on the ‘bike’ button.

Step 2: Enter the Registration Number of your Hero bike and choose its fuel type and variant to move ahead. If you do not know the registration number of your Hero bike, then you should click on the ‘Don't know your bike number?’ option and select your bike’s brand, model, variant, fuel type, registration year, registration city and RTO, to continue.

Step 3: Enter the date of expiry of your last bike insurance policy and the name of your previous bike insurance company. Also, share as if you have raised any claim during the last policy year and click on ‘Continue’ to move further.

Step 4: Enter your personal details such as your name, mobile number and the time for which you want your bike to be insured under a bike insurance policy and click on ‘Submit and Get Quotes’ button.

Step 5: All available bike insurance policy premium quotes from different insurance companies will be displayed on your screen. Compare and choose the bike insurance plan quote that best suits your budget and requirements. At this level, you can also select some add-on covers of your choice.

Step 6: Click on the ‘Buy Now’ button and confirm all the details selected by you before making the payment to renew your Hero bike insurance policy. To make the payment for the bike insurance cover by using your debit card, credit card, digital wallets, net banking facilities and so on. After the successful completion of the renewal payment process, the bike insurance policy will be instantly issued and its policy copy or document will be sent to you at your registered Email ID.

Hero Cashless Bike Insurance Claim Process

The cashless bike insurance claim settlement process for your Hero bike is a quite seamless and simple process. In order to make the claim, you are required to follow the below given easy steps:

Step 1: If you want to initiate the claim settlement process, begin by contacting the insurance company and file for the claim by giving them all necessary information like location, place, accident time, information about the witness etc. You can contact your respective insurance company either by calling them on their toll free number or writing an email to them.

Step 2: Once the claim is registered, the insurance company will send a surveyor to the place of accident to inspect the extent of loss or damage caused to the bike because of the mishap. After the inspection is over, you can take your bike for repair at a nearby network garage.

Step 3: A report is sent by the surveyor to the insurance company, who after evaluating it approves for the claim. You can then get your bike repaired free of cost at a network garage and the payment for repairs will be borne by the insurance company.

Step 4: Payment for repairs will be borne by the insurance company after deducting for deductible and depreciation amount. Once the repair is done, you can take your bike home.

Hero Reimbursement Bike Insurance Claim Process

In case, the bike is taken to any other garage other than the network garage by the policyholder for repair, then the expenses of repair has to be borne by them. The policyholder can later make a reimbursement claim with the insurance company. The reimbursement procedure can be done by following the below given steps:

Step 1: If you wish to initiate the reimbursement claim settlement procedure, then immediately contact the insurance company and file for claim by offering all the important details like location, place, time of accident and information about the witnesses etc. You can inform them by either contacting them on their toll free number or you can also mail them at their official email ID.

Step 2: After the claim is filed, a surveyor is sent by the insurance company to examine the condition of the bike after the accident and before it is sent to a garage for repair. A policyholder needs to submit all the important documents to the surveyor. Then, a report is prepared by the surveyor and sent to the insurance company for approval of the claim.

Step 3: Tow your Hero bike to your desired garage and make payment for the repair. Afterwards, start the claim reimbursement process with the insurance company by submitting the receipt and the bills alongside all the important documents to them. The insurance provider verifies all the information and estimates the reimbursement amount after taking into consideration all the depreciation and deductibles amount. Afterwards, the insurance company disburses the amount to the policyholder.

Documents Required for Hero Bike Insurance Claim

When filing a claim for your Hero bike insurance, having the correct documentation is essential for a smooth and efficient process. Here is a list of the standard documents that you will typically need:

1. Claim Form: A duly filled and signed claim form provided by the insurance company.
2. Bike’s Registration Certificate (RC): A copy of the RC of your Hero bike to verify the vehicle's registration details.
3. Driving License: A copy of your valid driving license is necessary to prove your eligibility to ride the bike.
4. Insurance Policy Document: A copy of your current bike insurance policy to confirm the details of your coverage.
5. FIR or Police Report: In cases of theft, major accidents, or third-party damage, a First Information Report (FIR) from the police is essential.
6. Photographs of the Damage: Clear photographs of the damage can help expedite the assessment and processing of your claim.
7. Repair Estimates/Bills: If repairs have already been undertaken, or if you have an estimate of the repairs, include the bills or estimates from the repair shop.
8. Any Other Relevant Documents: Depending on the specific circumstances of the claim, additional documentation such as a theft declaration, eyewitness accounts, or a medical certificate (in case of personal injury) may be required.

Ensure that you have these documents organized and readily available when initiating a claim. It’s also advisable to check with your insurance provider for any additional requirements unique to your policy or claim situation.

Benefits of Buying Hero Bike Insurance from InsuranceDekho

Purchasing Hero bike insurance from InsuranceDekho offers several advantages that enhance your insurance buying experience. Here are some key benefits:

1. Wide Range of Options: InsuranceDekho partners with various insurers, providing a diverse selection of policies. This enables you to compare different insurance plans and find the one that best suits your specific needs and budget.
2. Convenience and Accessibility: The entire process of choosing and buying insurance on InsuranceDekho is conducted online, saving you time and the hassle of physical documentation. You can complete the process from the comfort of your home or office.
3. Customizable Policies: InsuranceDekho allows you to customize your insurance policy according to your needs. You can select from various add-ons like zero depreciation cover, engine protection, and roadside assistance to enhance your policy.
4. Instant Policy Issuance: After you select your plan and make the payment, the policy is issued instantly. You receive your insurance policy document directly in your email, ensuring immediate coverage.
5. Expert Guidance and Support: InsuranceDekho provides expert advice and support to help you make an informed decision. If you have any questions or need assistance during the process, their team is available to guide you.
6. Transparent and Informative: The platform operates transparently, with no hidden costs. Detailed information about each policy, including premiums, coverage, and terms and conditions, is provided to help you understand your choices better.
7. User-Friendly Interface: The InsuranceDekho website is designed to be user-friendly and easy to navigate, making it accessible for everyone, regardless of their technical expertise.

By choosing InsuranceDekho for your Hero bike insurance, you benefit from a hassle-free, informed, and transparent insurance buying process, ensuring that your bike is adequately protected with a suitable policy.