Hero Electric Bike Insurance

Being a sub-company of the Hero Eco Group, Hero Electric has become a pioneer in manufacturing electronic bikes in India. The scooters offered by the company are noiseless, easy to ride, eco-friendly and affordable. While the Hero Eco group offers e-bikes in 32 countries around the globe, when running on Indian roads as a responsible vehicle owner, it is imperative that you insure it with a bike insurance policy. Having Hero Electric bike insurance safeguards you against liablities arising out of damages caused to third party property and persons.

You can buy or renew Hero Electric bike insurance with the below types of insurance

Comprehensive Bike Plan

• This type of insurance offers comprehensive coverage, offering cover both for own damage as well as third party
• It protects the vehicle against man-made, natural calamity and theft
• Insured cover up to IDV is given in case of total loss or theft of the vehicle
• The premium for this type of cover is decided based on the IDV, engine capacity, deductible, add ons, etc.

Third party insurance

• It is necessary to purchase this policy to be able to ride on Indian roads
• You get coverage against damages, death or disability caused to third person or property
• Provides coverage for legal liablities arising out of third party claim
• Maximum coverage in case of third party property damage is Rs. 7.5 lakhs
• Not buying third party cover for Hero Electric bike can land you in legal trouble, attracting fine up to Rs. 2,000 or imprisonment up to 3 months
• Premium for this type of insurance is fixed by the IRDA

Looking to get additional protection for your Hero Electric bike, here are few add on covers you can purchase by paying additional premium

• Zero depreciation cover: No depreciation is deducted at the time of claim
• No claim bonus: NCB benefit is retained even in case you make a claim
• Engine protection: Cost incurred towards replacement or repair of engine are covered
• Passenger: In case of death or disability, coverage is provided for co-passengers
• Return to invoice cover: Full amount mentioned in vehicle’s invoice is given in case of theft or complete damage
• Roadside assistance cover: In case of vehicle breakdown or emergency, assistance is provided. Also includes taxi support, fuel support, etc.

Third party two wheeler insurance claim for Hero Electric bike

• Step 1: Inform the insurance company about the third party damage that you have caused to third person, vehicle or property. You will have to inform the insurance company within 24 hours of the accident.
• Step 2: Report the accident at the nearest police station
• Step 3: Share documents like claim form, driving license, etc with the insurance company
• Step 4: The claim filed by the third party is settled under the Motor Accident Claims Tribunal. Property damages are covered only up to Rs. 7.5 lakhs and there is no limit on compensation for the damages caused to third party or person

Own-damage two wheeler insurance claim for Hero Electric bike

• Step 1: Inform the insurance company and in case of massive damages, lodge a complaint at the nearest police station.
• Step 2: Surveyor appointed by the insurance company inspects the vehicle and calculates the extent of damages.
• Step 3: The insurance claim amount is settled post deduction of the deductible amount.

Two-wheeler insurance claim in case of theft of Hero Electric bike

• Step 1: In case if your bike is stolen then you need to report the matter to the insurance company file a report at the nearest police station
• Step 2: Required documents like PUC certificate, license, policy details, original keys of the bike have to be submitted to the insurance company. Dual filled claim form has to be also submitted.
• Step 3: In case if the bike is not traceable, a non-traceable certificate issued by the police is to be submitted to the insurance company.