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. Two Wheeler Insurance Policies provide cover 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 |
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 FAQs:
- 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.
- Which are the different kinds of two wheelers that Hero MotoCorp have?
- 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.
|
Roadsters / General Purpose Bikes |
Sport Bikes |
Scooters |
|
|
HF |
Ignitor |
Pleasure |
|
|
Glamour |
Xtreme |
Maestro |
|
|
Splendor |
Achiever |
||
|
Passion |
Hunk |
||
|
|
Impulse |
||
|
Karizma |
|||
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News About Hero Honda Two Wheeler Insurance
-
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.
8th 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.
13th 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.
6th June 2016
