Hero Splendor Insurance

If you are planning to buy a Splendor Plus, it is important that you know about the Hero Splendor insurance and prices. Hero Splendor, the eminent best-seller motorbike in India has an equally dominant successor - Hero Splendor Plus- in the market. The on-road price for this people’s favourite two-wheeler range between ₹76,962 and ₹81,440 at present. It is mandatory that you have a third-party two-wheeler insurance under the Motor Vehicle Act 1988. A comprehensive bike insurance policy will cover the damages to your bike as well as third-party liabilities.

Let’s take a look at the variant Hero Splendor variants and the respective insurance premiums you will have to pay for each variant:

Disclaimer: 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.

If you wish to renew your Hero Splendor bike insurance plan, you can do that by following the simple instructions given below:

• 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. 

Read more: Bike Insurance Renewal

Hero Splendor Plus is an excellently built bike that can give great consistent performance when maintained well. However, bike accidents can happen to anyone even if they are extremely careful while driving. Moreover, if your Hero Splendor bike gets damaged severely, you may have to spend anywhere between ₹5,000 to ₹40,000 or more to repair the bike. In situations like these, a comprehensive insurance plan is vitally important as it can keep you financially covered. As per the Motor Vehicles Act, 1988, you need to have at least third-party insurance to drive on Indian roads.

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.

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 own vehicle and your injuries, as well as provide third-party cover.

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.

Read More About: Inclusions & Exclusions of Bike Insurance Cover

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).

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.

You need to maintain and service your Hero Splendor regularly to increase the bike’s longevity. The first few servicings will be provided free of cost but you will have to pay out of pocket once the free services expire. The approximate Hero Splendor service cost for 2 years is around ₹3,000. Here is the service schedule for Hero Splendor.

Disclaimer: These are indicative prices. The actual cost of maintenance of Hero Splendor Plus may vary and change from time to time.

First launched in the year 1994, Hero Splendor quickly became a household name throughout the country. To date, the company has sold millions of Splendors and the trend continues. The sturdy bike has made a lasting impression in the market with its no-nonsense design, impeccable build quality, and commendable fuel efficiency. The Hero Splendor Plus is available in six attractive colour schemes - Cloud Silver, Palace Maroon, Candy Red, Granite Blue, Black with Silver and Black with Purple.

Let’s take a look at the main specifications of Hero Splendor.

Let’s take a look at the Hero Splendor on-road price in different cities: 

Here are the important Hero Splendor features you should know about: 

Securing your Hero Splendor bike with insurance is important to stay financially protected against damages. You can take a look at the various bike insurance plans and the insurance price you may have to pay through the bike insurance premium calculator. It’s always better to go with a comprehensive plan and even though it will bring up your Splendor insurance price, it will provide added protection. If you are looking to buy or renew your bike plans, you should check out the two-wheeler insurance plans available on Bajaj Markets.