Hero Bike Insurance

Buy insurance plans for Hero two-wheelers online. Check benefits, coverage details, and application process.
Get Quote
Hero insurance
Get Quote
3 mins
20-July-2023

Hero MotoCorp is one of the largest two-wheeler manufacturers in India offering a wide range of bikes. If you are a proud owner of a Hero bike, it is important to protect it with a comprehensive bike insurance policy. A comprehensive bike insurance covers various risks and uncertainties that can arise while on the road.
Read on to know everything about Hero insurance, its inclusions, and exclusions, and more.

What is Hero bike insurance?

Hero bike insurance provides comprehensive coverage for Hero motorcycles, safeguarding against financial losses due to accidents, theft, or damages. The insurance offers protection for third-party liabilities, ensuring peace of mind for owners. With a range of coverage options, Hero bike insurance aims to provide security and support in the event of unforeseen incidents, allowing riders to enjoy their rides worry-free.

Types of insurance plans available for Hero bikes

There are three major types of insurance plans available for Hero bikes:

  • Comprehensive insurance: Covers damages to your Hero bike and third-party liabilities.
  • Third-party insurance: Mandatory coverage for third-party injuries or property damage.
  • Own damage insurance: Protects against losses to your bike or two-wheeler due to accidents, theft, or natural calamities.

Why should I buy Hero bike insurance?

Hero two-wheeler insurance, designed to provide comprehensive coverage to your bike, covers damages caused due to natural or man-made calamities. It also provides financial protection against third-party liabilities.

Hero bike models with insurance prices

Here’s a quick view of the bike insurance price for different Hero bike models.

Hero bike model

Hero insurance price

Splendor Plus

Rs. 714

Super Splendor

Rs. 714

XPulse 200 4V

Rs. 1,366

Maestro Edge

Rs. 714

Pleasure+

Rs. 1,366


Note: The insurance premium depends on the engine CC and are subject to change.

Inclusions of Hero bike insurance policy

Here’s a list of what Hero insurance policies cover.

Coverage for own damages

Comprehensive bike insurance covers damages caused to the insured two-wheeler. It covers damages caused due to accidents, theft, natural calamities, or human-made events like riots, terrorist attacks, etc. The policy covers the repair costs or the replacement of bike parts.

Coverage for third-party damages

Hero bike insurance offers coverage for third-party liabilities. It covers accidents leading to damages to third-party property or individuals.

Personal accident cover

Comprehensive bike insurance provides personal accident cover up to Rs. 15 lakh. Covers the insured and pillion rider in case of accidental death, permanent disability, or partial disability.

Exclusions of Hero bike insurance

The Hero two-wheeler insurance does not cover the following conditions:

  • Regular wear and tear
  • Damages due to consequential losses
  • Damage due to drunken driving or other illegal activities
  • Damage due to negligence
  • Damage due to unauthorised use
  • Any damage due to war or nuclear activities
  • Electrical and mechanical breakdown.

Add-on covers in Hero bike insurance

Hero two-wheeler insurance offers several add-on covers that can enhance the policy coverage. Popular add-on covers include:

Zero depreciation cover

Zero depreciation bike insurance is a popular add-on cover that ensures that your Hero bike insurance policy provides complete coverage for damages during an accident. It covers the entire repair or replacement cost of the bike's parts without considering the depreciation value of the parts.

Engine protection cover

The engine is one of the most important parts of any bike and is often expensive to repair or replace. This hero insurance add-on cover that provides complete coverage for any damages that occur to the Hero bike’s engine.

Roadside assistance cover

This add-on cover proves benefits especially in case of a breakdown or accident on the road. It covers 24x7 roadside assistance service, including towing services, fuel delivery, flat tyre assistance, battery jump-start, and other emergency services. This add-on cover ensures that you always have access to assistance.

No Claim Bonus protection cover

This add-on cover ensures that the NCB gained on your bike insurance remains intact even if you make a claim during the policy period.

A step-by-step guide to buy Hero bike insurance

Follow the below steps to buy Hero two-wheeler insurance on Bajaj Finance Insurance Mall.

Step 1: Visit Bajaj Finance Insurance Mall and view the comprehensive two-wheeler insurance plans offered by leading motor insurance companies.

Step 2: Click on 'Get Quote’ to open the online application form.

Step 3: Enter the vehicle type, two-wheeler registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.

Step 4: Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.

Step 5: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.

Step 6: Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’.

Step 7: Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous policy details.

Step 8: Review your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, credit/debit card to buy the policy.

Claim process of Hero bike insurance

Here’s how can you claim your Hero bike insurance policy.

Notify the hero insurance provider

Inform the insurer by calling the customer support or registering the claim online.

Claim documentation

The insurance company will ask for documents like copy of the bike insurance policy, driving licence, and the insurance claim form. Also, an FIR copy in case of theft or accident.

Inspection and survey

After you submit the documents, the insurance company will conduct an inspection and survey of the bike to assess the extent of the damages.

Claim settlement

After the assessment, the hero insurance company will settle the claim as per the policy terms and conditions.

Documents required to settle the Hero bike insurance claim

The following are some of the key documents required when making a bike insurance claim:

  • Bike registration certificate
  • Copy of driving licence
  • Copy of bike insurance policy
  • FIR copy (in case of theft)
  • Insurance claim form

Hero bike insurance provides you with complete financial protection against any eventualities. With a range of add-ons to choose from, you can enhance the coverage of your policy and customise it to suit your unique requirements. Look for bike insurance policy online and choose the one that fits your requirements.

Frequently asked questions

How long does it take to renew a Hero bike insurance?

You can easily renew your Hero two-wheeler insurance online in just a few minutes. It hardly takes more than 5-10 minutes to complete the renewal process online. You can visit the official website of the insurance provider, enter the necessary details, and pay the premium online.

Do I need to buy multiple policies if I buy a third-party insurance for my Hero two-wheeler?

A third-party insurance is mandatory by law and covers the damages caused to a third party or their property due to an accident involving your bike. However, if you want complete protection for your Hero bike, you need to buy a comprehensive insurance policy. It provides coverage for damages to your own bike as well as third-party liabilities.

How do I claim for Hero bike insurance?

You can raise a request for cashless or reimbursement claim settlement. Inform the hero insurance company immediately by registering a claim online or calling their customer care. Fill the claim form, provide all the necessary documents, and await the claim investigator to inspect and assess the damages. If you get the vehicle repaired at any of the network garages, then insurer will directly settle the claim with the garage. In case of reimbursement claim, the insurance company will directly pay the repair cost to you.

How does the zero-depreciation cover enhance my Hero bike insurance policy?

Zero depreciation cover is a bike insurance add-on cover that ensures complete coverage for the repair or replacement of parts without factoring in the depreciation value. The insurance company covers the entire cost of repair or replacement without deducting the depreciation value of the parts. Usually, insurers deduct the depreciating value while settling the claim for comprehensive bike insurance. If you have a zero depreciation cover, then you will get the full value.

Show More Show Less

Related videos

Disclaimer

Insurance is the subject matter of solicitation. *T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third-party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.