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✓No Inspection Policy Issuance ✓24x7 Assistance ✓Quick Claim Processing | Buy a Acko or Bajaj Allianz Bike Insurance Plan Starting at ₹482/year*

Hero Insurance Online - Cost, Variants & Specifications

When purchasing a Hero bike, purchasing a Hero insurance policy along with it is a must. One of the best-selling brands in India in the motorcycle segment, Hero bikes come in various price ranges, starting at Rs.56,070 (Hero HF Deluxe). They also offer premium bikes such as the Hero Xpulse, which starts at Rs.1.30 Lakhs. Based on the Hero model variations, third-party insurance may either start at Rs.714 or Rs.1,366.

While having third-party insurance in place is mandatory, you can also additionally opt for a comprehensive policy as well. 

READ MORE

About Hero Bike Insurance

Hero bikes are some of the highest-selling two-wheelers in India. Starting with the ex-showroom price (Delhi) of Hero HF Deluxe at ₹56,070 to Hero XPulse which goes up to ₹1.30 Lakh, the company has vehicles for everyone from a low to medium budget. No matter which Hero bike you own or are planning to purchase, it is a valuable investment that will allow you to travel to various destinations. However, if you get into an accident while driving your Hero bike, you may have to spend a lot of money on bike repairs. Medical treatments for your physical injuries could be even more expensive. The best way to keep yourself and your bike covered against these expenses is to get a comprehensive Hero bike insurance plan. So, in this article, we’ll take a look at the options for Hero bike insurance and the process to buy it.

Hero Bike Insurance Price for Popular Models

In the table below, you can take a look at the insurance price for various popular Hero models:

Hero Bike Models

*Ex-Showroom Price

Fuel Type

**Estimated Third-Party Premiums

FY 2022-23

(w.e.f 1st June 2022)

Splendor Plus

₹69,380

Petrol

₹714

HF Deluxe

₹56,070

Petrol

₹714

Passion Pro

₹76,820

Petrol

₹714

Glamour

₹76,500

Petrol

₹714

Super Splendor

₹75,700

Petrol

₹714

XPulse 200

₹1.23 lakh

Petrol

₹1366

Xtreme 160R

₹1.14 lakh

Petrol

₹1366

Pleasure Plus

₹64,170

Petrol

₹1366

Maestro Edge 125

₹75,450

Petrol

₹1366

Splendor iSmart

₹70,390

Petrol

₹714

Xtreme 200S

₹1.30 lakh

Petrol

₹1366

Destiny 125

₹70,400

Petrol

₹714

XPulse 200T

₹1.2 lakh

Petrol

₹1366

HF 100

₹51,200

Petrol

₹714

Maestro Edge 110

₹66,820

Petrol

₹714

 

 

*The ex-showroom prices are for Delhi and are subject to change based on the city.

**Third-party premium rates are indicative. The actual premium that you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your bike insurance policy.

How to Buy Hero Bike Insurance Online in Minutes

If you are looking to buy Hero bike insurance online, you can get one instantly:

Step 1: Visit the bike insurance calculator page on Bajaj MARKETS.

Step 2: Enter your bike registration and model details along with the required personal information.

Step 3: Choose a Hero bike insurance plan from the list of available insurance options on the screen.

Step 4: Pay the online premiums for your chosen plan.

Step 5: Your Hero bike insurance plan will be shortly activated and the details will be sent to your registered email.

How to Renew Your Hero Bike Insurance Online

If your Hero bike insurance is near expiry and you wish to renew it, you can do so by following the steps given below:

Step 1: Visit the ‘bike insurance renewal’ page of any insurance provider’s website.

Step 2: On the insurance renewal page, enter your existing policy details as well as bike registration and model information.

Step 3: Select a Hero bike insurance renewal plan from the set of renewal plans available on the insurance website.

Step 4: Pay the online insurance premiums for the renewal plan and submit the required documents.

Step 5: Your Hero bike insurance will shortly be renewed.

Read About: Bike Insurance Renewal

Why do you Need Hero Bike Insurance?

Even though Hero bikes are known for their excellent features and sturdiness, the chances of mishaps on Indian roads cannot be avoided. Just one mistake and you might lose control of the situation, leading to loss or damage to you and your Hero bike. In case of severe damage, you may have to pay anywhere from ₹15,000 to ₹50,000 or more for the repair of your Hero bike. Hence, it is best to cover your Hero bike with a bike insurance plan. Thecomprehensive bike insurance plan covers your bike against accidental damage, theft, or natural/man-made disasters. Moreover, it is compulsory to have a third-party insurance plan to legally drive in India, as per the Motor Vehicles Act, 1988.

Types of Insurance Available for Hero Bikes

There are primarily two types of Hero bike insurance plans that you can choose from:

Third-Party Hero Bike Insurance Plan:

This plan is mandatory by law under the Motor Vehicles Act, 1988. Third party bike insurance plan covers only third-party liabilities, which means that the coverage is not extended to your Hero bike. As a result, the premium charges are low for third-party plans. If you are looking to buy an extensive cover for your motorcycle, comprehensive insurance is a good choice.

Comprehensive Hero Bike Insurance Plan:

A comprehensive bike insurance plan for Hero vehicles will cover third-party liability as well as damage to your own motorcycle. A comprehensive Hero motor insurance plan is usually more expensive than a third-party form of insurance. You can even extend the scope of your comprehensive bike insurance policy with add-on benefits. Having comprehensive Hero bike insurance ensures that your two-wheeler is protected against most unfortunate events at all times.

Read More: Benefits of Comprehensive Bike Insurance

What’s Covered Under Your Hero Bike Insurance Policy

Third-party Bike policy covers loss or damage caused to the third party, physical injuries or death of the victim caused by your Hero bike. Comprehensive insurance also covers own damage, calamities, theft as well as third-party liabilities, etc.

What’s Not Covered Under Your Hero Bike Insurance Policy

Exclusions under your Hero bike insurance policy are situations like natural wear and tear of the bike parts, accidents due to drunk driving, mechanical or electrical breakdown, providing incorrect information to the insurance company, etc.

Read More About: Inclusions & Exclusions of Bike Insurance Cover

Must-Have Add-on Covers for Hero Bike Insurance

If you want extra protection for your Hero bike, you should look into getting some of these add-on covers:

Zero Depreciation Cover:

A zero depreciation bike insurance cover will protect your bike against loss of value due to ageing, i.e. without considering depreciation, thereby minimising your out-of-pocket expenses during a claim. Thus, you can get the full value of your Hero bike parts in an insurance claim.

Round-the-Clock Spot Assistance:

With 24*7 roadside assistance cover, you can get assistance from mechanics at the location where your Hero bike has broken down.

Personal Accident Cover:

This cover provides medical coverage to you and the pillion driver in case of injuries due to a bike accident.

Return to Invoice Cover:

The return to invoice cover helps you get the complete value of your bike in case it incurs total loss due to unforeseen events. This amount is the same as that mentioned on your bike’s purchase invoice.

Understanding How to Claim Hero Bike Insurance

Before you understand the claim process for Hero bike insurance, you should take a look at the documents you will need while submitting an insurance claim:

  • Hero two-wheeler insurance policy document

  • Hero bike details

  • Insurer details

  • Details of the incident

  • FIR copy, in case of theft/vandalism

  • Original bills and receipts of the vehicle repair

There are two types of Hero bike insurance claims you can choose from:

Hero Bike Insurance - Cashless Claim

With cashless claims, you can repair your bike at your nearby network garage free of cost. The insurer will directly pay the garage for incurred expenses so you do not have to pay anything out of pocket.

Hero Bike Insurance - Reimbursement Claim

Here, you can get your Hero bike fixed at your preferred garage, bear the expenses, and raise a reimbursement claim against your policy. Upon claim approval, the settlement amount is transferred to your bank amount (minus the deductible, if applicable). You also need to keep all the original receipts and bills to submit to the insurance company.

Read More About: Bike Insurance Claim Process

Hero Bike Insurance Price: Tips to Lower Premiums

Here are some useful tips you can use to lower the insurance premiums for your Hero bikes:

Avoid Making Small Claims:

In case there is minor damage in your Hero bike, get it repaired out of pocket. If you claim insurance for every small damage, your insurance premium rates may go up during renewal.

Compare Plans Online:

Before buying your Hero bike insurance, you should check out all the plans available online and choose the plan that offers the most benefits at the best price.

Make use of the NCB:

In case you have not made any claims during a policy term/year, you can make use of the No Claim Bonus in two-wheeler insurance to get lower premiums during renewal.

Choose Add-ons Carefully:

Choosing many add-on covers can quickly increase the cost of your insurance premiums. Consider choosing only the important add-ons and removing unnecessary add-ons from your plan.

To Conclude

All Hero bikes offer very high mileage which is useful as the fuel prices in the country continue to rise. However, even if you drive very carefully and take every precaution, you can still get into accidents without any fault of your own. In situations like these, a bike insurance plan can prove to be extremely beneficial and save you a lot of money. If you are planning to buy Hero two-wheeler insurance, check out these bike insurance plans available at Bajaj MARKETS and choose one that suits your needs.

Check Out Bike Insurance Plans Available at Bajaj MARKETS

Top Bike Insurance Pagesf

Other Hero Bike Models

Top Cities & Bike Brands

FAQs on Hero Bike Insurance

✔️What is the Hero bike price for Splendor?

The Hero on-road price for Splendor in Delhi is ₹83,830. 

✔️What is the price of the top Hero Bikes?

This Hero bikes price list as per the on-road price in Delhi may be helpful for you:

 

Hero Splendor Plus - ₹69,380

Hero HF Delux - ₹56,070

Hero Passion Pro - ₹76,820

Hero Glamour - ₹76,500

Hero Xtreme - ₹1.14 lakh

Hero XPulse - ₹1.23 lakh 

✔️What are Hero bike service charges?

Your hero bike service charges will depend on the model of the Hero bike that you own. 

✔️Am I eligible for NCB on my expired hero insurance policy?

Yes. You can get a No Claim Bonus (NCB) on the expired insurance plan. However, you can renew your plan within the grace period of your plan's expiration. 

✔️How do I get a no-claim bonus on my hero insurance policy at the time of renewal?

If you have not made a single claim during the policy term, you can avail the No Claim Bonus (NCB) at the time of renewal. 

✔️Is it compulsory to buy bike insurance for my Hero bike?

Yes. A third-party bike insurance policy is mandatory under the Motor Vehicles Act, 1988, to legally drive on Indian roads.

✔️Can I reduce the IDV on my Hero bike?

It is not advisable to reduce the IDV on your Hero bike as it can result in a lower insurance claim payout.