Hero Honda Two Wheeler Insurance

Headquartered in New Delhi, Hero MotoCorp was previously known as Hero Honda Motors Ltd. It is known for manufacturing motorcycles and scooters. It has the commendable market share of about 46% in the two-wheeler category in India. Thus it has become the largest two wheeler manufacturer in India. It is also the world's largest manufacturer of two – wheelers.

The manufacturing of the Hero MotoCorp two wheelers are done in four manufacturing facilities; in Gurgaon, Dharuhera, Haridwar and in Neemrana, Rajasthan. Hero MotoCorp’s network spans over 6000 touch points across the country including authorized service centres, dealerships, spare parts outlets and dealer-appointed outlets.

The company’s profile boasts of over ten different models of motorcycles and scooters. The prices of these models range from Rs. 40,000 to 1 lakh. No matter which model of Hero MotoCorp that you decide to buy, it is advisable that you get it insured for peace of mind and to safe-guard your savings in the unfortunate event of something happening to your vehicle. With the rising number of accidents and the deteriorated state of roads in India, doesn’t it seem like the smart thing to do? Not to mention that it is illegal in India to ride a two wheeler on public roads without a two wheeler insurance policy.

The procedure for acquiring a Hero MotoCorp bike insurance policy is simple and easy. It can be purchased and renewed online. in the event of loss/damage caused to the two wheeler or its accessories due to the following calamities:

Man-made Calamities: theft, burglary, strike, accident by external means, riot, malicious act or terrorist activity. Also any damage caused while the vehicle is in transit by rail, road, inland waterway, elevator, lift or by air.

Natural Calamities: earthquake, self-ignition, fire, lightning, explosion, flood, typhoon, storm, frost, cyclone, hurricane, landslide, tempest, inundation, hailstorm, rockslide etc.

Features and Benefits of Hero Honda Two Wheeler Insurance:

  • Hassle-free process of purchasing bike insurance online with minimal paperwork
  • Road side assistance
  • A large number of network garages where you can get cash-less settlements
  • Engine protection coverage
  • Personal accident coverage (Driver and owner)
  • Third party liability coverage

Insurance companies providing Hero MotoCorp Bike Insurance Policy:

Bajaj Allianz Two-Wheeler Insurance and HDFC Ergo are one of the main insurance companies that provide insurance for all of the models of Hero MotoCorp.

Following are what each insurance company covers:

Carrier Bajaj Allianz HDFC Ergo

Electrical Accessories

Yes

No

Automobile Association

No

No

Non Electrical Accessories

Yes

No

Bi Fuel Kit

No

No

Personal Accident Cover

Yes

No

Zero Depreciation

No

No

Anti Theft

No

No

Voluntary Deductible

No

No

Professional Discount

No

No

Two Wheeler Insurance Online

Different models of Hero Honda manufactures:

These are the different Hero MotoCorp models in the market:

  • Hero MotoCorp Impulse
  • Hero MotoCorp Splendor
  • Hero MotoCorp Pleasure
  • Hero MotoCorp Karizma
  • Hero MotoCorp HF
  • Hero MotoCorp Glamour
  • Hero Motocorp Maestro
  • Hero MotoCorp xtreme
  • Hero MotoCorp Hunk
  • Hero MotoCorp Passion
  • Hero MotoCorp Ignitor
  • Hero MotoCorp Achiever
Make Model Variance Bajaj Allianz HDFC Ergo

HERO MOTOCORP CBZ X-TREME DOUBLE DISC SELF START

YES

YES

HERO MOTOCORP ACHIVER SELF START DISC

YES

YES

HERO MOTOCORP ACHIVER KICK START DISC

YES

YES

HERO MOTOCORP CBZ X-TREME DISC SELF START

YES

YES

HERO MOTOCORP CD DAWN KICK START DRUM BREAK SPOKE WHEEL

YES

YES

HERO MOTOCORP SPLENDOR PLUS SPOKE WHEEL SELFSTART

YES

YES

HERO MOTOCORP CBZ X-TREME KICK START DISC

YES

YES

HERO MOTOCORP CD DAWN SELF START DRUM BREAK SPOKE WHEEL

YES

NO

HERO MOTOCORP CD DAWN SELF START DRUM BREAK CAST WHEEL

YES

NO

HERO MOTOCORP CD DELUX KICK START DRUM BREAK SPOKE WHEEL

YES

YES

HERO MOTOCORP CD DELUX KICK START DRUM BREAK CAST WHEEL

YES

YES

HERO MOTOCORP GLAMOUR KICK START DISC BREAK CAST WHEEL

YES

NO

HERO MOTOCORP HF DELUX KICK START DRUM BREAK CAST WHEEL

YES

NO

HERO MOTOCORP CD DELUX SELF START DRUM BREAK SPOKE WHEEL

YES

YES

HERO MOTOCORP CD DELUX SELF START DRUM BREAK CAST WHEEL

YES

YES

HERO MOTOCORP HF DAWN KICK START DRUM BREAK SPOKE WHEEL

YES

NO

HERO MOTOCORP GLAMOUR SELF START DRUM BREAK CAST WHEEL

YES

YES

HERO MOTOCORP PASSION PRO LTD EDITION

NO

YES

HERO MOTOCORP IGNITOR DISC SELF CAST WHEEL

YES

NO

HERO MOTOCORP HF DELUX SELF START DRUM BREAK CAST WHEEL

YES

NO

HERO MOTOCORP KARIZMA BLAC CAST

YES

YES

HERO MOTOCORP HF DELUX SELF START DRUM BREAK SPOKE WHEEL

YES

NO

HERO MOTOCORP KARIZMA DOUBLE DISC SELF START ALLOY WHEEL

YES

YES

HERO MOTOCORP SPLENDOR PRO CAST WHEEL SELF START DRUM

YES

YES

HERO MOTOCORP HUNK SINGLE DISC SELF START

YES

YES

HERO MOTOCORP GLAMOUR FI SELF START DISC BREAK CAST WHEEL

YES

YES

HERO MOTOCORP IGNITOR DRUM SELF CAST WHEEL

YES

NO

HERO MOTOCORP IMPULSE SINGLE DISK

YES

NO

HERO MOTOCORP HUNK DOUBLE DISC SELF START

YES

YES

HERO MOTOCORP PASSION XPRO DRUM KICK SPOKE

YES

YES

HERO MOTOCORP MAESTRO ELECTRIC START - SCOOTER

YES

NO

HERO MOTOCORP SPLENDOR NXG CAST WHEEL SELF START

YES

YES

HERO MOTOCORP PASSION PRO CAST KICK DRUM

YES

YES

HERO MOTOCORP PASSION PRO CAST SELF DRUM

YES

YES

HERO MOTOCORP KARIZMA ZMR

YES

YES

HERO MOTOCORP PASSION XPRO DRUM KICK CAST

YES

YES

HERO MOTOCORP PASSION PRO SPOKE KICK DRUM

YES

YES

HERO MOTOCORP SPLENDOR I SMART SELF START DRUM BREAK CAST WHEEL

YES

NO

HERO MOTOCORP PASSION XPRO DISC SELF CAST

YES

YES

HERO MOTOCORP PASSION PRO SELF START DRUM BREAK CAST WHEEL

YES

NO

HERO MOTOCORP PLEASURE LIMITED EDITION

YES

YES

HERO MOTOCORP PASSION XPRO DRUM SELF CAST

YES

YES

HERO MOTOCORP SPLENDOR PLUS CAST WHEEL KICK START

YES

NO

HERO MOTOCORP SPLENDOR PRO DRUM KICK SPOKE

NO

YES

HERO MOTOCORP PLEASURE SELF START DRUM BRAEK

YES

YES

HERO MOTOCORP PASSION XPRO DRUM SELF SPOKE

YES

YES

HERO MOTOCORP PASSION PRO SPOKE SELF DRUM

YES

NO

HERO MOTOCORP SPLENDOR I SMART SELF START DRUM BREAK SPOKE WHEEL

YES

NO

HERO MOTOCORP HF DELUX KICK START DRUM BREAK SPOKE WHEEL

YES

NO

HERO MOTOCORP SPLENDOR NXG SPOKE WHEEL SELFSTART

YES

YES

HERO MOTOCORP SPLENDOR DRUM

NO

YES

HERO MOTOCORP GLAMOUR CAST SS

NO

YES

HERO MOTOCORP SPLENDOR PLUS SPOKE WHEEL KICK START DRUM BREAK

YES

YES

HERO MOTOCORP SPLENDOR SPECIAL EDITION

NO

YES

HERO MOTOCORP SPLENDOR PRO CAST WHEEL KICK START DRUM

YES

YES

HERO MOTOCORP SPLENDOR PRO CAST WHEEL SELF START

YES

NO

HERO MOTOCORP GLAMOUR CAST DISC SS

NO

YES

HERO MOTOCORP SPLENDOR DISC

NO

YES

HERO MOTOCORP SPLENDOR PRO SPOKE WHEEL SELFSTART

YES

NO

HERO MOTOCORP PASSION PRO SPOKE

NO

YES

HERO MOTOCORP XTREME DISC SELF CAST

YES

NO

HERO MOTOCORP CDN DLX DRUM KICK SPOKE

NO

YES

HERO MOTOCORP SPLENDOR NXG ALLOY

NO

YES

HERO MOTOCORP CDN DLX DRUM SELF SPOKE

NO

YES

HERO MOTOCORP SUPER SPLENDOR SELF START DRUM BREAK CAST WHEEL

YES

YES

HERO MOTOCORP CDN DLX DRUM KICK CAST

NO

YES

HERO MOTOCORP CDN DLX DRUM SELF CAST

NO

YES

HERO MOTOCORP CD-DAWN CNSK

NO

YES

HERO MOTOCORP CND STD SPOKE

NO

YES

HERO MOTOCORP PASSION PRO DISC

NO

YES

HERO MOTOCORP PASSION PRO DRUM SELF SPL EDITION

NO

YES

HERO MOTOCORP PASSION PRO DISC SS

NO

YES

HERO MOTOCORP GLAMOUR SPOKE SS

NO

YES

HERO MOTOCORP KARIZMA DISC SELF RDC

NO

YES

HERO MOTOCORP SPLENDOR PLUS CAST WHEEL SELF START

YES

YES

HERO MOTOCORP CBZ ELECTRIC START

NO

YES

HERO MOTOCORP SPLENDOR PLUS LTD EDITION

NO

YES

HERO MOTOCORP CND DLX

NO

YES

HERO MOTOCORP PASSION PLUS DRUM

NO

YES

Hero Honda Bike Insurance Premium Calculator

Buying a two-wheeler insurance for your Hero Honda bike online can be easier than you think. Through the online channel, you do not need an insurance broker/agent to buy a policy and you can compare different policies available in the market and choose the best one based on your requirements. There are various third-party websites where you may compare bike insurance policies offered by various insurance companies based on multiple factors such as coverage offered, inclusions and exclusions of the policy, number of network garages, premium value, and more.

If you wish to buy a two-wheeler insurance policy online, make sure to use the insurance premium calculator to analyse various insurance policies based on your needs and the applicable premium. You may find bike insurance premium calculator tool in most insurance websites. You may also use various other third-party websites to calculate your bike insurance premium. To compute the premium, all you have to do is fill in some of the basic details of your vehicle such as the brand, make, and model of the vehicle, vehicle registration number, age of the vehicle, cubic capacity (CC) of the vehicle, registration zone, and more. The Insured Declared Value (IDV), which is the total sum of money assured by the insurer in case of loss or damage caused to the vehicle plays an important factor in determining the premium. It is calculated by reducing the amount of depreciation from the manufacturer’s listed price of the vehicle.

Factors Affecting Bike Insurance Premium

  1. Add-on insurance covers
  2. Age of the vehicle
  3. Cubic capacity (CC) of the vehicle
  4. Depreciation
  5. Discounts availed
  6. Make and model of the vehicle
  7. No Claim Bonus (NCB)
  8. Type of insurance policy opted
  9. Voluntary access, and more

Multi-Year Bike Insurance Policy For Hero Honda Bikes

The Insurance Development and Regulatory Authority (IRDA) observed that a large number of two-wheeler owners in the country are riding without a valid two-wheeler insurance policy. Most people do not renew their bike insurance policies on time and ride uninsured on risky Indian roads. To encourage vehicle owners to buy and renew insurance policies in a timely manner, the IRDA has now allowed insurance agencies to offer multi-year motor insurance for a period up to 3 years. A long-term insurance policy has several advantages. First of all, it saves you from the hassles of annual policy renewals and also help you save expenses on insurance to a certain extent. Following are some of the other advantages.

  • Annual policy renewal not required for a period of 2/3 years
  • Lower Premium
  • No effects on premium due to inflation
  • No risk of policy lapse for 2/3 years      
  • No Claim Bonus (NCB)

Hero Honda Bike Insurance FAQ's:

  1. How do I decide which insurance company to choose for my model of Hero MotoCorp?

    The price and model of your vehicle should decide the coverage that you will need for the particular model and the amount that is worth spending as premium. Talk to people who know about insurance to get a general idea about the coverage that you will take for your vehicle. You must put in some time and effort into researching the different coverages that various insurance providers offer. After comparing the premiums and coverage that each policy offers, you can choose the one that you feel best suits your needs. Make sure that you also find out if there are any discounts available on the chosen policy.

  2. Which are the different kinds of two wheelers that Hero MotoCorp have?
  3. Roadsters / General Purpose Bikes Sport Bikes Scooters

    HF

    Ignitor

    Pleasure

    Glamour

    Xtreme

    Maestro

    Splendor

    Achiever

    Passion

    Hunk

     

    Impulse

    Karizma

  4. Will Roadsters, Sport Bikes and scooters require the same kind of coverage?

    Roadsters/ general purpose bikes needs a smaller coverage than sport bikes. Scooters only need basic coverage with a lower premium. Sport bikes on the other hand need full coverage/ Bumper-to-Bumper coverage since they have high-end engines and expensive body parts. Any damage to these will tear a hole in your pocket without sufficient coverage.

News About Hero Honda Two Wheeler Insurance

  • Hero faired motorcycle spied without any disguise

    It has been more than 5 years that Hero MotoCorp had revealed their Hastur concept and the HX250R at the 2014 Auto Expo. Recently, a video has surfaced online which shows a Hero motorcycle without any disguise. The motorcycle seems to be based on the HX250R.

    The motorcycle has been spotted sporting a red color without any stickers. However, there were minor ABS stickers on the front fork and a Hero badge. Although the mechanicals of the motorcycle cannot be figured out, experts are expecting the motorcycle to be powered by the same 199.6 cc, single cyinder engine that currently powers the Hero Xtreme 200R. This will make this new motorcycle a completely faired version of the Hero Xtreme 200R. The motor on the Xtreme 200R is clubbed with a 5-speed gearbox and is capable of churning out 18.4 hp of max power and 17.1 Nm of peak torque. Experts are also of the opinion that the new motorcycle might have a retuned engine. In addition to that, they also believe that the automobile maker might consider powering this motorcycle with a fuel-injected engine which is yet to make its debut in the upcoming Hero XPulse.

    17 April 2019

  • Hero MotorCorp Invests in Electric Scooter Start-up

    Hero MotoCorp has made an Rs.180 crore investment in electric scooter company Ather Energy. The investment gives Hero almost 30% stake in the start-up, according to sources.

    Ather has designed and built India’s first electric scooter, called the S340. The scooter can run at a top speed of 72 kmph and can run for around 60 km on one charge.

    The scooter comes with a rechargeable battery that can be charged in an hour.

    A Hero MotoCorp spokesman stated that the company is looking to invest in new technologies in the two wheeler market and hopes to maintain its position as one of the top companies in the segment.

    It remains to be seen how this move would impact the two wheeler and two wheeler insurance market.

    11 November 2016

  • Hero MotoCorp hits record sales figures

    Hero MotoCorp, the largest two wheeler manufacturer in the country, has hit record sales figures for the month october.

    The company delivered over 6.63 lakh two wheelers in the month of October alone and clocked the best sales number for the third month in a row.

    According to sources, the firm dispatched 6,63,153 units in october as opposed to 6,74,961 in September and 6,16,424 in August this year.

    Hero credits to the surge in numbers to the festive season, particularly Dhanteras which inspired more people to buy motor vehicles. A good monsoon in various Indian villages too has contributed to the rise in sale numbers for the company.

    The firm also pointed out that as the festive season drew to a close, dealer inventories have hit normal levels as they were before the holidays. This surge in sales has enabled Hero to record a growth of 15.8% for the quarter ending in September.

    10 November 2016

  • Hero MotoCorp Funds Ather Energy

    As per a recent development, Hero MotoCorp has decided to invest Rs.205 crore on a company named Ather Energy. It is a start-up specialized in electric vehicles. It is based in Bengaluru. Last February, they had already launched a model named Ather S340. According to Tarun Mehta (co-founder), the scooter will be available for the public from early next year onwards. It has a console which is equipped with lot of functional apps. On full charge, it can run up to 100 km. The company has even bought a space in Whitefield for its production. There is also a need of more charging stations all across the country.

    7 November 2016

  • Hero Honda Posts Sales growth of 32% for September

    Hero Honda has posted over 32% growth for the month of September. The company released a statement confirming it had sold over 5,69,011 units in September 2016 compared to 4,30,724 units for the same period last year.

    The figures mark the best monthly sales the company has posted, with the scooter division posting an increase of over 35%.

    The motorcycle division showed sales growth of 25%, with 1,84,007 units were sold in September 2016, compared to 1,47,227 units in the previous year.

    The spurt in sales have been attributed to a number of factors such as good monsoon, the implementation of a unified pension scheme for armed forces veterans and the recent Central Pay Commission revision.

    The company also posted record export figures for September, with exports growing at 53.75% compared to the previous year.

    The rise in the number of two wheelers being sold also spells good news for two wheeler insurance providers, who are looking at a windfall this season.

    6 October 2016

  • E-Bikes with Lithium-Ion Batteries to be Launched by Hero

    India’s biggest e-bike manufacturer, Hero Electric, joins the long list of companies to jump on the e-commerce bandwagon in an effort to grow quicker. So far, the company has been rather sluggish so far as their two-wheeler sales are concerned, and the company hopes to record better sales by ensuring that the logistics providers are convinced to substitute polluting petrol bikes with the new vehicles which come with the lithium-ion battery. The company is currently conducting talks with major e-commerce companies such as Amazon after signing a deal with a logistics player based out of Noida.

    23 September 2016

  • Hero MotoCorp Increasingly Optimistic about Two-Wheelers

    Consumption-driven industries such as auto have experienced better sentiment over recent months thanks to the Pay Commission implementation in addition to a decent monsoon. Hero MotoCorp, for instance, hit record highs in September 2016 so far as their shares are concerned, and the company’s managing director and chairman, Pawan Munjal, recently revealed that the company which was “cautiously optimistic” about proceedings is now “more optimistic” as sales are expected to increase in coming months. With two-wheeler sales on the rise, the sale of two-wheeler insurance is also expected to rise as we head into 2017.

    21 September 2016

  • Profits of Hero MotoCorp increases by 18% in Q1

    The automobile industry in India has seen steady growth over the last few years, with companies registering strong performances. Hero MotoCorp, which is one of the biggest names in the two-wheeler industry of the country has been a dominating force, growing to become the largest manufacturer of two-wheelers in the world. Profits of this market leader grew by 18.13% in the quarter ending June, with this net profit equivalent to Rs. 883.10 crore. This is a 5.8% growth compared to the previous quarter.

    The overall revenue of the company stood at Rs. 8,010.66 crore, a jump of 7.73% over the previous year, but a drop of 1.23% over the last quarter. The EBIDTA or earnings before interest tax depreciation and amortisation stood at Rs. 1,230.08 crore, an increase of 18.04% over the previous year. An improved result was observed even in the operating profit margin, which stood at 15.35%, an increase of 1.34% over the previous year. A total of 17.45 lakh two-wheelers were sold in the quarter, an increase of close to 1 lakh units compared to the same time last year, making it the best quarter in terms of total sales volume.

    The 125cc market saw a major chunk of sales, with the Super Splendour and Glamour holding fort for the company. Good monsoons and the introduction of the 7th pay commission contributed to the growth in sales, with the company expecting its growth trajectory to grow into the next quarter.

    8 August 2016

  • Activa sales beat out legendary Splendor after 17 years of dominance.

    The Hero Splendor has enjoyed being at the top spot of sales for 17 solid years, and has now been dethroned by Honda Activa.

    Since the early ‘90s, the demand for scooters has dropped, and the demand for geared bikes has risen – to the point that there were seven motorcycles being sold for every scooter being sold by FY 2006-07. Bajaj also entirely stopped making scooters in early 2010, choosing to focus on manufacturing quality motorcycles instead – to make the most of the demand in the market.

    The recent fiscal 2015-16 ended on a high note for scooters, as the Indian customer seems to have rediscovered its love for scooters, dropping the ratio of motorcycles to scooters sold – to two for every one sold.

    The Activa has outsold the reigning champion Splendor every month this year, and this is what helped it make the news, as the bike has managed to maintain its position of out-selling the motorcycle for 5 straight months. The Activa has beaten the sales of Speldor in the past, but not at such a consistent level for so long at a stretch.

    Two wheeler loan providers and two wheeler insurance companies also report a surge in the sales of their products to cover the purchase or insurance of scooters.

    13 June 2016

  • Hero MotoCorp to Launch New Products within the Next 2 – 3 Years

    Hero MotoCorp, the leading two-wheeler manufacturer, has announced its decision to launch four new models in the next 2-3 years. These models will be in the premium category from the motorcycle and scooter segments. The company is expected to expand its product specifications in the form of 150cc and 125cc scooters. Hero will launch an updated version of the scooter – Pleasure and also the new Splendor iSmart motorcycle (110cc) by the end of this financial year. Two wheeler insurance for all these models will be readily available from leading insurers.

    6 June 2016

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