✓No Inspection Policy Issuance ✓24x7 Assistance ✓Quick Claim Processing | Buy a Bike Insurance Plan Starting at ₹538/year* Check Plans

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.

 

Braving the many congested roads, traffic jams and multiple potholes, a two-wheeler is surely the preferred mode of transport for a large majority of Indians. The two-wheeler is not just easy to maintain but proves to be easy on the pocket in the long run. It is their  convenience and affordability that in India there are over 210 million registered two-wheelers. 

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 ignored. Any unfortunate circumstance may lead 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 to repair your Hero bike. Hence, it is best to cover your vehicle with a bike insurance plan. 

 

The comprehensive Hero bike insurance plan covers your bike against accidental damage, theft, or natural/man-made disasters. Additionally, it is compulsory to have a third-party insurance plan to drive legally 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:

1. Third-Party Hero Bike Insurance Plan:

This plan is mandatory by law under the Motor Vehicles Act 1988. A third-party bike insurance plan covers only third-party liabilities, which means the coverage is not extended to your Hero bike. As a result, the premium charges are low for third-party plans. If you want extensive coverage for your motorcycle, a comprehensive Hero insurance policy might be a better choice.

2. Comprehensive Hero Bike Insurance Plan:

A comprehensive bike insurance plan for Hero vehicles will cover third-party liability and damage to your motorcycle. This motor insurance plan is usually more expensive than third-party insurance. Further, you can 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 risks at all times.

Hero Bike Insurance Price for Popular Models

Even though Hero bikes are known for their excellent features and sturdiness, the chances of mishaps on Indian roads cannot be ignored. Any unfortunate circumstance may lead 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 to repair your Hero bike. Hence, it is best to cover your vehicle with a bike insurance plan. 

 

The comprehensive Hero bike insurance plan covers your bike against accidental damage, theft, or natural/man-made disasters. Additionally, it is compulsory to have a third-party insurance plan to drive legally in India, as per the Motor Vehicles Act, 1988.

 

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

Hero Bike Models

*Ex-Showroom Price (Starting From)

Fuel Type

**Estimated Third-Party Premiums

FY 2022-23

(w.e.f 1st June 2022)

Splendor Plus

₹71,628

Petrol

₹714

HF Deluxe

₹59,990

Petrol

₹714

Passion Pro

₹74,408

Petrol

₹714

Glamour

₹79,476

Petrol

₹714

Super Splendor

₹79,500

Petrol

₹714

XPulse 200 4V

₹1,37,577 

Petrol

₹1366

Xtreme 160R

₹1, 19, 000

Petrol

₹1366

Pleasure +

₹68,964

Petrol

₹1366

Maestro Edge 125

₹77,896

Petrol

₹1366

Splendor iSmart

₹70,390

Petrol

₹714

Xtreme 200S

₹1,35,837

Petrol

₹1366

Destiny 125

₹71,608

Petrol

₹714

XPulse 200T

₹1,38,258

Petrol

₹1366

HF 100

₹56,968

Petrol

₹714

Maestro Edge 110

₹70,898

Petrol

₹714

Maestro Edge 125

₹82,804

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 premium you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your bike insurance policy.

Steps To Buy Hero Bike Insurance

If you are looking to buy Hero two-wheeler insurance online, you can get one instantly:

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

  • Step 2: Enter your bike registration number, model details, and the required personal information.

  • Step 3: Choose a Hero bike insurance plan from the 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 activated shortly, and you will get the details to your registered email address.

What's Covered and Not Covered Under Hero Bike Insurance Policy

To get an idea of the coverage of Hero Bike Insurance Policy, take a look at the table given below for Hero bike insurance check online:

What’s Covered Under Your Hero bike insurance Policy

What’s Not 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 their Hero bike

Exclusions under your Hero bike insurance policy include:

  • Natural wear and tear of the bike parts

  • Accidents due to drunk driving

Comprehensive insurance also covers:

  • Own damage

  • Calamities

  • Theft

  • Third-party liabilities

  • Mechanical or electrical breakdown

Hero Bike Insurance Price: Tips to Lower Premiums

Here are some useful tips you can use to lower the cost of Hero bike insurance premiums:

  • Avoid Making Small Claims:

In case of minor damage to your Hero bike, it is best to get it repaired out of pocket. If you claim your Hero bike insurance for every slight damage, your insurance premium rates may increase during renewal.

  • Compare Plans Online:

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

  • Make use of the NCB:

If you have not made any claims during a policy term/year, you can use 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 Hero two-wheeler insurance premiums. Consider choosing only the important add-ons and removing unnecessary add-ons from your plan.

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:

1. Hero Bike Insurance - Cashless Claim

With cashless claims, you can repair your bike at a nearby network garage free of cost. However, the garage needs to have proper authorisation from the insurance provider. Subsequently, the insurer will directly pay the garage for incurred expenses, so you do not have to pay anything out of pocket.

2. Hero Bike Insurance - Reimbursement Claim

With a Hero Bike insurance reimbursement claim, 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 must also keep all the original receipts and bills to submit to the insurance company.

Read More

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, bike registration, and model information.

  • Step 3: Select a Hero bike insurance renewal plan from the 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.

Conclusion

Hero bikes have always been a trusted name in the Indian market. However, even if you drive your Hero bike carefully and take every precaution, you can still get into accidents without any fault. In situations like these, a bike insurance plan can be extremely beneficial and save you a lot of money. Hence, it is best to invest in a comprehensive Hero insurance policy.

 

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.

FAQs on Hero Bike Insurance

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

Yes. You can get a No Claim Bonus (NCB) on the expired Hero bike 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 of 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, of 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. 

How long does it take to purchase Hero Two Wheeler Insurance online?

It takes hardly five minutes to purchase Hero Two-Wheeler insurance online since it is effortless and straightforward. 

Can I renew my Hero bike insurance policy online?

Yes, you can renew your Hero bike insurance online in just a few minutes. 

What are the details I need to provide to renew my Hero bike insurance policy?

You will need to provide details such as policy number, registration number, proof of identity, and so on to renew your Hero bike insurance policy. 

Single-year Insurance plan or a Long-term Insurance plan: What's better in the case of Hero Insurance?

In most cases, long-term insurance plans are better since you can save money on these. Furthermore, Hero bike insurance plans that are long-term have a No Claim Bonus that is never reduced to zero.

Can I cancel my Hero bike insurance in mid of the policy period?

Yes, you can cancel your Hero bike insurance in the middle of the policy period.

How can I receive support for my Hero bike with regard to bike insurance?

For all kinds of support that you may need for your Hero bike insurance online, you can send an email to the company or get in touch with a customer care executive by calling on the company helpline number.

Once my Hero bike's insurance policy expires, can I renew it?

You should always be mindful of renewing your Hero Motocorp insurance before it expires. However, if you missed renewing it on time, you can still renew it easily. Using the Bajaj Markets website, you can find a suitable insurer. Because your policy has expired, you would have to get your bike surveyed to get the Hero Motocorp insurance renewed. Most insurance companies allow an online survey which makes the renewal quite simple. 

Home
active_tab
Loan Offer
active_tab
Download App
active_tab
CIBIL Score
active_tab