Hero MotoCorp is giant name when it comes to the two-wheeler industry. A company whose name is known not just in the Indian market, but in the international market as well, Hero has a reputation of delivering only the best. And its market share of almost 37.1% in the two-wheeler industry speaks volumes of how much trust-worthy and reliable Hero is as a family brand.
There are many bikes that you can choose from Hero’s catalogue such as Hero Splendor, Hero Maestro, Hero Passion Pro, Hero Pleasure, Hero Xtreme, and many more, as per your liking. One of the most important things that you should remember to get along with your brand new Hero bike is a Hero two-wheeler insurance. Not only is it mandatory for you to get a basic third-party bike insurance plan in order to ride a bike on Indian roads as per the Motor Vehicles Act of 1988, but a bike insurance plan also provides sufficient coverage in case of any accidents, and you can get one for yourself at IFFCO-Tokio.
There are two kinds of bike insurance that you can select from. The first one is a third-party Hero two-wheeler insurance policy, which is mandatory for every owner of a two-wheeler. The second one is a comprehensive Hero two-wheeler insurance policy, which is preferred by most bike owners due to its additional features and customizable features. And at IFFCO-Tokio, you can easily a Hero two-wheeler insurance plan as per your budget and requirements.
Precautions are always taken, and safety is always tried to be maintained, but accidents are unavoidable in case of every driver. So one of the precautions that you can take as a bike owner is to get a bike insurance policy that help cover your expenses in the event of an unfortunate accident. And having a Hero two-wheeler insurance from IFFCO-Tokio will help you do that.
You have the choice of buying either the basic third-party Hero bike insurance plan which provide you with financial coverage for your legal and financial liabilities for the damages faced by the third-party in case of an accident.
Or you can buy the comprehensive Hero bike insurance plan, which not only covers third-party damages but your damages as well which could be caused by any natural or man-made calamities, such as earthquakes, floods, robberies from which you will be financially protected.
There are two ways to buy Hero insurance from IFFCO-Tokio. You can either visit your nearest IFFCO-Tokio office where you will be provided with the best assistance for buying Hero insurance, or you can simply visit the IFFCO-Tokio website and buy your Hero two-wheeler insurance plan in just a few clicks.
Here’s how can get your Hero two-wheeler insurance plan from IFFCO-Tokio:
Visit any IFFCO-Tokio office and you will get the best help possible from one of the customer representatives in buying a Hero Insurance plan based on your needs.
If you want to buy Hero Insurance plan online, then you can do it in 3 simple steps-
Complete your login, provide your name, contact information, and bike details such as model and registration number. You will then be able to view all the Hero insurance plans in detail.
You can customize your plan by including various add-ons in case you plan on buying the comprehensive Hero bike insurance plan.
Once you have submitted all the details and selected your Hero insurance plan, all that is left for you to do is complete the payment, and you will receive your Hero insurance plan via mail.
Buying your Hero bike insurance plan online has many benefits:
You can get done with the entire process of buying your policy with just a few clicks.
You can buy your Hero insurance plan at any time you want.
Since the entire process of buying the policy is digital, you do not have to worry about lengthy documents.
This would depend on whether you go for a third-party Hero insurance policy or a comprehensive insurance policy.
Coverage under a third-party bike insurance policy
Coverage under a comprehensive bike insurance policy
A comprehensive Hero insurance policy is considered to be the ideal choice for any policyholder. This is because this type of policy covers the third-party and also the policyholder. Here’s what the policy covers:
Widen the coverage of your Hero bike insurance policy with our range of add-ons.
Zero-depreciation cover pays the entire claim amount without deducting depreciation value at the time of settling the claim.
This add-on keeps your no claim bonus safe even if you made a claim in the previous year.
If your vehicle is deemed a total loss, the add-on cover helps you get the original invoice price of the vehicle, including road tax and registration charges.
These are some of the standard exclusions of a bike insurance policy in India:
Types of bike insurance we provide:
Third-party insurance only covers any damage to a third party, including death, bodily harm, injury, and damage to a property in case of an accident or collision involving your bike.
Comprehensive bike insurance covers both third-party liabilities as well as own-damage to your bike. It also covers both natural and man-made calamities. These plans also allow you to include add-ons for a wider coverage!
You can also include the zero-depreciation cover to your comprehensive Hero two-wheeler insurance policy. This will ensure that in case of an accident, you get complete reimbursement for part replacements without any deduction for depreciation. Great, isn’t it?
You should be aware of the following bike insurance terms before you buy the Hero two-wheeler insurance policy.
Premium is the cost of your insurance plan which you pay to enjoy bike insurance coverage. It is usually payable annually, except for long-term plans, where it is usually paid once every 3 years.
The financial protection provided by your insurance policy is known as coverage. The coverage of a bike insurance policy will vary based on the insurance provider and the type of plan you purchase.
Add-ons are extra amounts of financial protection that you can purchase to widen the coverage of your Hero bike insurance policy.
IDV stands for Insured Declared Value. It is the listing price of your bike minus depreciation. In case of a total loss or theft of your bike, IDV is the maximum compensation your insurance provider will offer.
NCB is a discount you get when you renew your plan after a claim-free year. This discount will keep increasing for every claim-free year. You can avail a maximum discount of 50% every year.
It’s simple! Just use our bike insurance premium calculator. This online tool allows you to check the premium of your Hero two-wheeler insurance policy using some very basic information. To calculate the premium, you must provide the following details:
Our bike and scooter insurance plans are like an extension of your protective gear. They keep you safe, wherever the road might take you! From the headlight to the tail-lamp, we’ve got you covered!
We use innovation and technology to provide you quicker and more convenient insurance solutions. For example, your policy can be issued instantly through our distribution channels. You can also use our QCS (Quick Claim Settlement) App to accelerate your claim process and get up to Rs. 20,000 transferred to your bank account within a few minutes - all with just a few clicks on your smartphone.
With close to 20 years of experience in the insurance industry, we have settled more than 8 lakh claims (in FY19) with a settlement ratio of 95.80% (in FY21). This is just one of the reasons why 1,00,000+ individuals entrust us for their bike insurance needs.
We provide cashless services in more than 4300 garages, which are evenly spread across the country.
We offer a QCS facility under which bike insurance claims get settled seamlessly within minutes.
For 20 years, we have been servicing our customers with a wide range of insurance policies.
We’ve settled a total of 8.61 lakh claims in FY2019 and have a claim settlement ratio of 95.80%.
IFFCO-Tokio won the 2019 IDC Digital Transformer Award for India for AI-based claim assessment of damaged vehicles, and the BFSI Digital Innovation Award by Express Computers, Indian Express Group.
Our policies can be brought from more than 20,000 agents and branches having a wide presence throughout the country.
Through our QCS app:
If you wish to make a claim for compensation, you can do so using our QCS (Quick Claim Settlement) app. All you have to do is upload related documents, photos, and videos of the damages you want to make a claim for. We will review the documents and other details uploaded by you and approve your claim (we have a claim settlement ratio of 95.80%). After this, the estimated amount for repairs will be sent to your bank account within minutes. Please note, for claims made through an application, the maximum claim amount will be Rs. 20,000.
You can register a claim for compensation online or by reaching us on 1800-103-5499. To make a claim online, you will have to log in with your registered Email ID and Password. When you log in, go to ‘make a claim’ option and follow the steps mentioned. If you register a claim over a call, our customer care executives will guide you with further procedure.
The best two wheeler insurance plan is provided by IFFCO Tokio.
Rated by: Ritu Aditya
I have taken my two wheeler insurance from IFFCO Tokio
Rated by: Pradeep Agarwal
I wanted to take two wheeler insurance for my new bike and I went through the hassle free process with IFFCO Tokio.
Rated by: Pooja aabnave
Its been 3 years I have got the two wheeler insurance policy from IFFCO Tokio and it is extremely good.
Rated by: Rakesh AGARWAL
I had a word with IFFCO Tokio executive and they explained me everything about the two wheeler insurance plan
Rated by: Sagar AGARWAL