Hero Bike Insurance

Hero Motocorp Ltd. is the largest manufacturer of two wheelers in India followed by Honda. It began its journey in India in 1984 as a joint venture between Honda and Hero Cycles. It was thus formerly known as Hero Honda Motors Ltd. In the year 2010 the company bought all the shares from Honda and started operating independently as Hero MotoCorp Ltd by 2011 which is supported by Hero Investment Pvt. Ltd. Hero MotoCorp Ltd. has four units in India in Haryana and Uttarakhand.

Hero has a huge range of two-wheelers, from commuter bikes like the Splendor and Passion series to premium offerings like the Xtreme and Xpulse range. Hero has something for every rider. The brand is also stepping into the electric vehicle market through its new electric mobility brand, VIDA. The best way to financially secure a Hero Motorcorp two-wheeler is through a two wheeler insurance policy. It will help you minimize the damages financially and ensure peace of mind while riding.

Presently, Hero Motors is offering three bikes in India. Below are Hero two wheeler Insurance premium rates for the top Hero Bikes:

Disclaimer: The above Hero bike insurance premium rates may change as per the Hero bike model, variant, fuel type, place of registration, year of registration, policy type, IDV and Add-on covers chosen.

There are 3 types of insurance policies available for Hero Bikes. They include:

• Third-Party Two-Wheeler Insurance Policy

Third-party insurance covers liabilities caused by an accident by you done to a third party (person/property/vehicle). As per Motor Vehicle Act 1988, a third-party insurance is mandatory for every vehicle to ride on public roads in India.

• Comprehensive Two-Wheeler Insurance Policy

A comprehensive insurance policy ensures extensive coverage, ensuring an all round protection. This includes any third-party liability, damage done to your own vehicle and other factors that can be customized using Add-ons.

• Standalone Own Damage Insurance

This type of coverage plan covers damage done only to your own bike. It is only offered to you when you already have third-party bike insurance. A standalone own damage insurance policy is useful when you wish to buy third-party insurance from some other company and need further coverage for your own bike (you can also customize it using Add-ons).

There are certain inclusions and exclusions to each insurance policy, make sure you read them before buying an insurance policy. Here are the most common inclusions and exclusions for Hero Bike Insurance.

What is Covered:

• Third-party liability

We offer protection against any liability that was incurred due to an accident caused by you to a person (death or injury), surrounding property or to the third-party vehicle.

• Damage done to own vehicle

We also offer coverage to damages done to your own vehicle during an accident.

• Natural calamities

Protection against damages caused by natural calamities like floods, earthquakes, storms, hurricanes, landslides, etc.

• Man-made hazards

We offer coverage for damages caused by man-made hazards like thefts, robberies, riots, vandalism, terrorist activities, etc.

• Damages covered as per Add-ons

We also provide add-ons like Personal Accident Cover, Zero Depreciation, 24x7 Roadside Assistance, etc to enhance your coverage and protect further damages that can be incurred to your bike.

What is Not Covered:

• Normal Wear and tear of the bike

• Damages done while riding under the influence

• Damages done by an illegal rider (Rider with no licence, unauthorized rider, etc)

• Mechanical/electrical breakdowns

• Damages done to tyres (Except when incurred during an accident)

• Depreciation of the vehicle

• Damages done due to wars, mutiny or nuclear threats.

Add-ons are used for customising your coverage plan to ensure complete financial protection of your bike. We offer the following add-ons:

• Zero depreciation policy

It provides the total inclusive amount of the claim, keeping aside any deductions.

• NCB protection policy

This add-on sustains your NCB compensations in the moment of a claim.

• Engine cover policy

All that is attached to exchange or restoring your bike’s engine is covered.

• Passenger policy

Covers losses to a back seat passenger along with you on your bike.

• Invoice cover

In the event of robbery or wide-ranging damage, you will acquire the summation specified on your bike’s bill.

• 24x7 Roadside assistance cover

This add-on is beneficial explicitly in a crisis when your bike breaks down while you are travelling.

• Consumable cover

Covers expenses incurred towards 'Consumables' (nut and bolt, screw, washers, grease, lubricants clip, ac gas, bearings, etc) arising out of damage to the vehicle.

• Personal accident cover

Personal Accident (PA) cover offers the user or nominee ₹15 Lakh in case of death or disability due to accident.

Insurance premium rates are calculated based on certain factors. These factors include:

• Type of Cover

Third-party insurance is mandatory by law and has a premium fixed by IRDAI, Comprehensive insurance covers damage to your own bike too depending on several factors and customizations, and Own-damage insurance covers damages done to your own bike only depending on customization.

• Insured Declared Value (IDV)

The IDV is the current market value of your bike. Higher IDV = higher premium and it depends on the make and model, along with the variant of the bike.

• Bike’s Engine Capacity

Bikes with bigger engines (cc) have higher premiums, because they are considered riskier.

• Age of the Bike

Older bikes usually have lower IDV, leading to lower premiums.

• Location

Premiums are higher in metro cities (more traffic and risk) compared to smaller towns.

• Add-ons Chosen

If you take extra covers (like zero depreciation, roadside assistance, etc.), your premium goes up.

• No Claim Bonus (NCB)

If you haven't made a claim in the previous year, you get a discount on your premium.

• Rider Profile

In some cases, your age, driving experience, and claim history also impact the premium.

The process of buying insurance for your Hero Bike is simple and fast through Coverfox:

1. Head over to Coverfox website
2. Go-to Bike Insurance > Two-wheeler Insurance
3. If buying for a new bike, Click on “Bought a new bike”
4. Select Hero Motocorp and choose your model
5. After selecting the variant, enter your RTO details
6. Click on “Get Quotes” to get the best quotes available online from top insurers
7. Select the insurance policy that fits best for you, and select the necessary add-ons to customize it
8. Pay the prescribed fees and your insurance policy will be mailed to you.

You can renew your Hero Bike Insurance online through Coverfox in under 3 minutes by:

1. Head over to Coverfox Insurance Page
2. Goto Bike Insurance > Two-wheeler Insurance
3. Enter your bike number
4. Enter your policy expiry details
5. Enter your bike details
6. Select the insurer which is best for you
7. Select the necessary add-ons for more coverage
8. Pay the prescribed premium fees
9. Your policy will be renewed instantly.

If you previously bought from Coverfox and want to renew your policy, follow these steps:

1. Go to Coverfox website
2. Go to Bike Insurance > Two-wheeler Insurance
3. Click on “Renew here in 2 steps”
4. Fill in your mobile number to login or use your policy number
5. Select the insurer you want and add-ons you need
6. Pay the prescribed fees and your policy will be instantly renewed

Documents required for renewal of hero bike insurance policy:

• RC of the Bike

• Previous Insurance Policy

• DL of the rider

• Some insurers may require photos of the bike

• ID and Address Proof

Here is the claim process for your Hero Bike insurance which can be done online by:

1. Inform the insurer about the incident regarding the claim (Theft or accident or damages)
2. Go to the police station and file an FIR if required
3. Fill in the claims form from your insurer’s website
4. Collect evidence to support the claim if required (Photos of the accident, FIR reports, eye witness reports, etc)
5. Make sure to have all the required documents to be submitted
6. Go to a network garage of your insurer for a cashless claim or go for reimbursement
7. Keep the invoice for the repairs from the garage for reimbursement
8. If you have any problems during the claim process, you can contact Coverfox support for excellent help.

Documents required for hero bike insurance claiming process:

• Duly signed claim form

• Copy of valid vehicle Registration Certificate (R.C.)

• Copy of valid Driving Licence (DL)

• Copy of first two pages of policy document

• FIR for accidental damage

• Original repair bill, cash receipt, and proof of release.

Hero MotoCorp is the world's largest two-wheeler manufacturer by volume, known for its fuel-efficient and affordable motorcycles. In this year 2025, Hero is planning to launch Karizma XMR 250, Hero Mavrick 440 Scrambler, Hero Xpulse 421, Hero 2025 Karizma XMR 210, Hero Karizma 400, and Hero XF3R in the Indian market. Explore the expected price range of these models, date of release and other details of new launching bikes in India this year.

*Prices may vary across cities due to factors like taxes, dealer charges, and location-based fees.

Hero Motocorp is the largest bike manufacturer in India. Hero has bikes for all types and budget-ranges, making it accessible to a wide customer base. Insurance is essential for your Hero bike. It is not only essential, but also legally required to have at least third-party insurance for your bike in India. Make sure you protect your prized Hero possession with the best insurance policy from Coverfox today. As Hero says – “There is a hero in everyone of us”.