Insurance for Hero Splendor

Excited to hit the streets on your new Hero Splendor? Before you zoom off, let's talk about something crucial: insurance. Think of it like a shield for your Splendor, protecting you from unexpected expenses if your bike gets damaged or stolen.

In case you are looking to buy a new insurance plan for your Hero Splendor Plus, you can easily buy one on Bajaj Markets by following the steps given below:

• Visit the Bajaj Markets two-wheeler Insurance page.

• Enter a few details such as your bike registration number and your phone number. If you don’t have a registration number, you need to enter the RTO location, bike model, manufacturing year and vehicle registration date.

• You will get an instant policy quote listing your policy details and premium.

• If you are satisfied with the quote, you can proceed to make the payment online.

• On successful payment, your bike insurance policy will be sent to you at your registered email address.

• Step 1: Visit the ‘Bike Insurance’ page on Bajaj Markets.

• Step 2: Enter details of your previous policy as well as your bike.

• Step 3: Select the bike insurance plan that suits your needs on the website and upload the necessary documents.

• Step 4: Add any extra covers you want and make the final payment.

• Step 5: Your bike insurance will be renewed and the policy will be sent to you at your registered email. 

As mentioned above, third-party bike insurance will only provide coverage for medical treatment and damages caused to the third party. However, a comprehensive insurance plan will also cover the expenses for the damages to your vehicle and your injuries, as well as provide third-party cover.

Insurance plans have a certain set of exclusions that are not covered by the policy. Bike insurance exclusions have situations like normal wear and tear of vehicle parts, accidents due to drunk driving, coverage for replacement of consumables, etc.

Here is a list of important documents that you will need to make an insurance claim for your Hero Splendor bike:

• Two-wheeler insurance policy papers.

• FIR of the incident/accident.

• Detailed information about the incident with eyewitness accounts.

• Original RC papers of the vehicle.

• Full set of bills and receipts (in case of reimbursement claim).

 

There are two types of insurance claims you can choose to apply for:

• Claim Cashless Insurance - 

With cashless claims, you will need to get accidental damages repaired at the nearest network garage and won’t have to pay any money out of your pocket. The insurer will directly contact the garage to pay for incurred repair expenses.

• Claim Reimbursement - 

Here, you can get your Hero Splendor fixed at your preferred garage at your expense and raise a reimbursement claim against your bike insurance policy. Upon claim approval, the settlement amount will be transferred to your bank amount (minus the deductible, if any).

Here are some tips you can follow to reduce the insurance premiums on your Hero Splendor:

• Compare Insurance Plans Online -

 When looking to buy insurance for your Hero Splendor, you should look at all the plans available online. By comparing the online plans, you can find out which plan fits your budget and still offers great features.

• Use the NCB -

 In case you have not made any insurance claims during your policy term, you can take advantage of the No Claim Bonus in Two Wheeler Insurance to get lower premiums while renewing your Hero Splendor bike insurance plans.

• Install Anti-theft Device -

 By installing an ARAI-approved anti-theft device on your Hero Splendor, you can get a small discount on your insurance premiums.

• Avoid Making Small Claims -

 In case your Hero Splendor has minor damage, you should get it repaired on your own without making a claim. If you make too many insurance claims, your premiums may be raised during the next policy renewal term.