Hero Electric is an Indian two-wheeler manufacturer which is based in India. It is a part of the Hero Motocorp family, and it specializes in electric two-wheelers. Established in 2000, Hero Electric has been a major player in the EV sector with their groundbreaking two-wheelers, which have found many suitors who always wanted to own an environment-friendly vehicle. Their two-wheelers have been popular since the beginning and continue to be so.
There are many scooters that are on offer from Hero Electric, which are reliable, long-lasting and most importantly, fossil-fuel free. You can select any one scooter from their lineup, and when you are looking to buy a new scooter, be sure you also buy Hero Electric Bike two-wheeler insurance. The Motor Vehicles Act of 1988 states that it is mandatory to own at least a basic third-party bike insurance to be able to ride on Indian roads. IFFCO-Tokio specializes in giving you the best insurance with the most features possible.
The basic third-party Hero Electric Bike two-wheeler insurance policy gives you basic financial coverage. Whereas the comprehensive Hero Electric Bike two-wheeler insurance policy has extra features which is why most bikers go for it. With IFFCO-Tokio, you can get the Hero Electric Bike two-wheeler insurance which will suit your requirements perfectly.
As more and more vehicles come on the road, riding to your destination more carefully becomes that much harder. Accidents in such situations can be unpredictable and unavoidable. You may not be able to predict such events, but you be prepared in advance by buying the Hero Electric Bike two-wheeler insurance plan from IFFCO-Tokio.
A basic third-party Hero Electric Bike insurance plan will give you enough financial coverage for any legal and financial liabilities for the damages that the third-party may face in an accident.
Meanwhile, the comprehensive Hero Electric Bike insurance plan will provide financial coverage to you and the third-party for any loss/damage that you may face due to any natural or manmade calamity.
Get your Hero Electric Bike insurance from IFFCO-Tokio by visiting their office and buying the insurance policy from there in person. Or you can just simply go to IFFCO-Tokio’s website and buy your Hero Electric Bike insurance directly from there. In just a few clicks, you will get your Hero Electric Bike two-wheeler insurance from the comfort of your home.
You can buy your Hero Electric Bike two-wheeler insurance from IFFCO-Tokio in two ways:
Visit a local IFFCO-Tokio branch, and you will get the best assistance from the customer representative in buying the Hero Electric Bike insurance that suits your needs.
Go to the IFFCO-Tokio website and buy Hero Electric Bike insurance by following these steps-
Log-in to the website, fill in your contact details, after that give your bike details like the model and registration number. Submit these details and you will get to see all the Hero Electric Bike insurance plans.
You can get additional features in your policy when you select the comprehensive Hero Electric Bike insurance plan.
Once you have selected your Hero Electric Bike insurance, pay for the policy on the website itself. After the payment is done, you will receive your Hero Electric Bike insurance plan via mail.
Buying your Hero Electric Bike insurance plan online is much better because
The whole process is easy, doesn’t take up a lot of time, and can be done from your home or office.
The best part about getting your Hero Electric Bike insurance online is that there are no time restrictions about when you want to buy your policy.
Buying your bike insurance online only requires digital documents so need for physical documents.
This would depend on whether you go for a third-party Hero Electric Bike 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 Electric Bike 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 Electric 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 Electric Bike 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 Electric Bike 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 Electric 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 Electric Bike 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.
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I had a word with IFFCO Tokio executive and they explained me everything about the two wheeler insurance plan
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