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

Excited to hit the streets on your new Hero Splendor? Before you zoom off, let's talk about something crucial: insurance. Think of it like a shield for your Splendor, protecting you from unexpected expenses if your bike gets damaged or stolen.

Looking to Buy an Insurance Plan for your Hero Splendor?

In case you are looking to buy a new insurance plan for your Hero Splendor Plus, you can easily buy one on Bajaj Markets by following the steps given below:

  • Visit the Bajaj Markets two-wheeler Insurance page.

  • Enter a few details such as your bike registration number and your phone number. If you don’t have a registration number, you need to enter the RTO location, bike model, manufacturing year and vehicle registration date.

  • You will get an instant policy quote listing your policy details and premium.

  • If you are satisfied with the quote, you can proceed to make the payment online.

  • On successful payment, your bike insurance policy will be sent to you at your registered email address.

Easy Steps to Renew Your Hero Splendor Bike Insurance

  • Step 1: Visit the ‘Bike Insurance’ page on Bajaj Markets.

  • Step 2: Enter details of your previous policy as well as your bike.

  • Step 3: Select the bike insurance plan that suits your needs on the website and upload the necessary documents.

  • Step 4: Add any extra covers you want and make the final payment.

  • Step 5: Your bike insurance will be renewed and the policy will be sent to you at your registered email. 

Types of Hero Splendor Insurance to Choose From

There are primarily two types of Hero Splendor bike insurance you can choose from

  • Third-Party Hero Splendor Bike Insurance - 

Third-party bike insurance is a basic form of insurance that provides cover to the third party involved in an accident.

 It should be noted that this cover does not provide any coverage to the rider and their bike, but only to the third party. All vehicle owners are required by law to have third-party insurance for their vehicles. However, third-party insurance may not be adequate for your Hero Splendor Plus.

  • Comprehensive Hero Splendor Plus Insurance -

A comprehensive bike insurance plan provides third-party coverage as well as covers damages to your vehicle along with any medical costs of accident-related hospitalisations. As a result, the Splendor insurance price for a comprehensive plan is also higher in comparison to a third-party plan.

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What’s Included in Your Hero Splendor Bike Insurance

As mentioned above, third-party bike insurance will only provide coverage for medical treatment and damages caused to the third party. However, a comprehensive insurance plan will also cover the expenses for the damages to your vehicle and your injuries, as well as provide third-party cover.

What’s Not Included in Your Hero Splendor Bike Insurance

Insurance plans have a certain set of exclusions that are not covered by the policy. Bike insurance exclusions have situations like normal wear and tear of vehicle parts, accidents due to drunk driving, coverage for replacement of consumables, etc.

Want Better Coverage for Your Hero Splendor Plus? Go for Add-Ons

Hero Splendor insurance plans available on Bajaj Markets come with bespoke add-on covers that enhance the financial protection of your motorcycle. These include -

  • Zero Depreciation Cover -

 A zero depreciation bike insurance cover protects you against monetary loss from depreciation. It means that you will be covered for the bike’s full insured value, i.e. without considering depreciation, thereby increasing your final insurance claim amount.

  • Round-the-Clock Spot Assistance -

 With the round-the-clock spot assistance cover, you can call and ask for help from mechanics if you are stuck in the middle of the road with a malfunctioning bike.

  • Personal Accident Cover - 

This add-on covers you and/or the pillion rider for the medical expenses for injuries sustained in an accident on your insured Hero Splendor.

  • Return to Invoice - 

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.

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Insurance Claims for Your Hero Splendor

Here is a list of important documents that you will need to make an insurance claim for your Hero Splendor bike:

  • Two-wheeler insurance policy papers.

  • FIR of the incident/accident.

  • Detailed information about the incident with eyewitness accounts.

  • Original RC papers of the vehicle.

  • Full set of bills and receipts (in case of reimbursement claim).

 

There are two types of insurance claims you can choose to apply for:

  • Claim Cashless Insurance - 

With cashless claims, you will need to get accidental damages repaired at the nearest network garage and won’t have to pay any money out of your pocket. The insurer will directly contact the garage to pay for incurred repair expenses.

  • Claim Reimbursement - 

Here, you can get your Hero Splendor fixed at your preferred garage at your expense and raise a reimbursement claim against your bike insurance policy. Upon claim approval, the settlement amount will be transferred to your bank amount (minus the deductible, if any).

How to Reduce Your Hero Splendor Insurance Premiums

Here are some tips you can follow to reduce the insurance premiums on your Hero Splendor:

  • Compare Insurance Plans Online -

 When looking to buy insurance for your Hero Splendor, you should look at all the plans available online. By comparing the online plans, you can find out which plan fits your budget and still offers great features.

  • Use the NCB -

 In case you have not made any insurance claims during your policy term, you can take advantage of the No Claim Bonus in Two Wheeler Insurance to get lower premiums while renewing your Hero Splendor bike insurance plans.

  • Install Anti-theft Device -

 By installing an ARAI-approved anti-theft device on your Hero Splendor, you can get a small discount on your insurance premiums.

  • Avoid Making Small Claims -

 In case your Hero Splendor has minor damage, you should get it repaired on your own without making a claim. If you make too many insurance claims, your premiums may be raised during the next policy renewal term.

FAQs

What does Hero Splendor Insurance cover?

  • Own Damage: Protects your bike against crashes, theft, fire, vandalism, and even natural disasters.

  • Third-Party Liability: If your Splendor accidentally injures or damages someone else (vehicles, property), this coverage shields you from financial burdens.

  • Personal Accident (Optional): Provides medical expenses for riders in case of accidents.

How much does an insurance plan for my Hero Splendor cost?

The cost depends on several factors:

  • IDV (Insured Declared Value): Estimated market value of your Splendor.

  • Rider Age and Location: Younger riders and those in high-risk areas typically pay more.

  • Chosen Coverage: Third-party insurance is mandatory and affordable, while comprehensive coverage (including own damage) costs more.

What are the different types of bike insurance plans?

  • Third-Party Liability (TP): Minimum legal requirement, covers others but not your bike.

  • Comprehensive: Covers both your Splendor and third-party damages, this is probably the most popular option.

  • Add-on Covers: Enhance protection, like personal accident cover, engine protection, etc. (Optional)

How can ensure I get the best deal on my insurance plan?

  • Compare quotes from various providers to find the best deal.

  • Understand the exclusions and limitations of each policy before making a decision.

  • Read the policy document carefully to ensure you understand the terms and conditions.

  • Renew your insurance on time to avoid penalties and maintain coverage.

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