Hero CBZ Insurance
Hero CBZ Insurance
With their ability to ride through traffic jams and narrow lanes of cities, bikes are one of the most popular modes of transport in India. The first performance bike, Hero CBZ, was developed by Hero Honda in 1999 and is one of the most powerful bikes in India. After the break-up of the Hero Honda alliance, the bike was discontinued in 2005 and later launched by the name CBZ Xtreme.
If you own a Hero CBZ, you would like to protect it with a suitable insurance policy considering the traffic scenario today and various other threats. But before that, you must understand the types of insurance policies available.
There are three types of insurance policies in India that include a third-party liability cover, standalone own damage policy and comprehensive insurance. Third-party insurance protects you from financial liabilities arising from third-party injury and damage. On the other hand, standalone own damage compensates for own damage as well. As the name implies, comprehensive insurance protects your bike comprehensively from threats like theft, vandalism, natural calamities, accidental damage, etc.
Understanding your bike’s needs, Tata AIG offers the above-mentioned bike insurance policies tailored to meet your requirements. You can also buy the add-on covers for your Hero CBZ insurance to give it the maximum care. For the purchase of a suitable Hero bike insurance online, the step-by-step procedure is discussed below.
Hero CBZ Insurance
With their ability to ride through traffic jams and narrow lanes of cities, bikes are one of the most popular modes of transport in India. The first performance bike, Hero CBZ, was developed by Hero Honda in 1999 and is one of the most powerful bikes in India. After the break-up of the Hero Honda alliance, the bike was discontinued in 2005 and later launched by the name CBZ Xtreme.
If you own a Hero CBZ, you would like to protect it with a suitable insurance policy considering the traffic scenario today and various other threats. But before that, you must understand the types of insurance policies available.
There are three types of insurance policies in India that include a third-party liability cover, standalone own damage policy and comprehensive insurance. Third-party insurance protects you from financial liabilities arising from third-party injury and damage. On the other hand, standalone own damage compensates for own damage as well. As the name implies, comprehensive insurance protects your bike comprehensively from threats like theft, vandalism, natural calamities, accidental damage, etc.
Understanding your bike’s needs, Tata AIG offers the above-mentioned bike insurance policies tailored to meet your requirements. You can also buy the add-on covers for your Hero CBZ insurance to give it the maximum care. For the purchase of a suitable Hero bike insurance online, the step-by-step procedure is discussed below.
Hero CBZ Bike Insurance Renewal/New Purchase via Tata AIG
To purchase Hero CBZ insurance online or for Hero CBZ insurance renewal, you can either visit the nearest office to buy the policy offline or Tata AIG’s website to buy bike insurance online. You need to follow the simple steps below:
- Visit the Bike insurance page on Tata AIG’s website.
- Enter your bike registration number.
- Click “Renew” for Hero CBZ insurance renewal or click “Get a Price” for a new issue.
- To get a quote for your Hero CBZ bike insurance, fill out the form given.
- Select the suitable Insured Declared Value (IDV) from the list.
- Inform the insurance provider about any previous claims. You can benefit from a No Claim Bonus if you have not previously filed any claim.
- After the information is provided, you will be shown the Hero bike insurance renewal price or the premium amount for the new policy.
- If you wish to enhance your Hero CBZ’S insurance coverage, pick from 12 unique riders offered by Tata AIG at extra costs.
- Now make the payment by choosing from the digital payment options. You will be sent a soft copy of your Hero CBZ insurance through email.
Renewing your bike insurance policy every year can be cumbersome, and you may also sometimes forget to renew it. Thus, Tata AIG offers long-term two-wheeler insurance that allows you to insure your bike for two to three years.
Hero CBZ Insurance Price - Your Premium Amount
The premium amount for your Hero CBZ is determined using multiple factors. The Hero CBZ insurance cost varies according to the Insured Declared Value. IDV is the amount the insurance company pays in case of the bike’s total loss or damage. Thus, Tata AIG factors in the make and model of your bike, location, cubic capacity, ex-showroom price, and type of use of the bike to calculate the IDV. You can also calculate the IDV of your Hero CBZ with the help of the two-wheeler insurance premium calculator online or by visiting a nearby local dealer.
Add-ons for Hero CBZ Insurance by Tata AIG
Sometimes, comprehensive bike insurance does not suffice considering the traffic scenario and other threats. So, to enhance your policy coverage, you can buy suitable add-ons for your Hero CBZ at extra premiums. The riders offered by Tata AIG are as follows:
- Key Replacement
- Engine Secure
- Tyre Secure
- No Claim Bonus Protection
- Roadside Assistance Cover
- Zero Depreciation Cover
- Emergency Transport & Hotel Expense Cover
- Consumables Expense Cover
- Return to Invoice cover
- Loss of Personal Belongings
- Repair of Glass, Fibre and Plastic Parts
- Daily Allowance cover
Before purchasing insurance for your bike, keep in mind that opting for add-on covers will give you added benefits, but your Hero CBZ insurance cost will shoot up. Therefore, we recommend you carefully assess your requirements before selecting add-on covers.
Things Covered/Not Covered Under Tata AIG’s Hero CBZ Bike Policy
It is also essential to know about the inclusions and exclusions while buying suitable insurance for bikes. This helps you make an informed decision. The table below provides an easy overview of several inclusions and exclusions under hero bike insurance.
| Things covered under Hero CBZ Bike Insurance | Things not covered under Hero CBZ Bike Insurance |
|---|---|
| Damages to third-party property and third-party death/injury | Normal wear and tear due to depreciation |
| Damages caused by accidents | Damages caused during driving without a driving licence |
| Damages due to natural calamities like earthquakes, floods, cyclones, etc. | Mechanical or electrical breakdown and consequential loss |
| Damages due to riots, vandalism, or strikes | Damages caused by commercial usage of the bike |
| Theft, burglary or housebreaking damages | Damages caused by driving under the influence of alcohol or drugs |
| Damages caused by terrorist activities | Damages due to racing activities |
| Fire damages due to self-ignition, explosion or lightning. | Damages due to war or nuclear threats |
| Damages caused during transit | Damages caused outside the geographical location mentioned in the policy |
Why Is It Important to Have Tata AIG for your Hero CBZ Bike Insurance Online?
Tata AIG is known for its high customer satisfaction. The company offers an array of bike insurance policies ranging from third-party cover to standalone own damage and comprehensive insurance. With unique riders or add-ons, you can also enhance your policy’s coverage at extra premiums. So, here are the reasons why you should consider buying your bike insurance with Tata AIG:
- Tata AIG has been offering protection to your dream vehicles for more than 20 years and is happy to serve over 5 crore customers.
- With its extensive network of cashless garages, Tata AIG provides a seamless and cashless claim process.
- With riders designed for your bike’s maximum protection, you can pick the ones best suited to your needs.
- Tata AIG ensures the claims are settled without hassles and is proud to have a claim settlement ratio of 98% in the financial year 2020-21.
Overview - Hero CBZ Bike Models
Powered by a 156.8 cc, single-cylinder engine, Hero CBZ is equipped with an accelerator pump for efficient pickup. The bike’s engine meets the Euro1 standard and is mated with a 5-speed mesh gearbox delivering power of 12.5 bhp and 13 Nm of torque. It has a 12.5-litre fuel tank which offers a range of 600 km and mileage of 45kmpl. The braking system of the commuter bike is managed by 240 mm Nissin disc brakes in the front and 130 mm drum brakes at the back. With a hydraulic telescopic fork in front and 5 steps hydraulic damper adjustment system at the back, Hero CBZ has an air injection mechanism that injects fresh air, meeting the emission standards. The bike is equipped with an analogue speedometer and odometer and digital trip metre, and tachometer.
Hero CBZ Bike Models and Price
When launched, the Hero Xtreme commuter bike was available at a starting price of ₹72,400. It was launched in 2013 by Hero Motocorp after the breaking up of the Hero and Honda joint venture. Shortly after, the Xtreme brand was facelifted with newer models. While the CBZ legacy was discontinued, the Xtreme brand name continued to grow with newer models and facelifts. In 2020, Hero launched the latest version of Xtreme 160R and priced it between ₹1.16 lakhs - ₹1.24 lakhs.
Unique Selling points: Hero CBZ Bike Features
Discontinued in 2005, Hero CBZ is considered the first performance bike in India and also started the sports bike revolution in the country. At the time of its launch, the Hero CBZ was the first 4stroke bike equipped with a 5-speed gearbox. Hero CBZ is considered one of the fastest bikes of its time, with a top speed of 115 kmph. With a unique air injection system, the bike meets the emission standards by injecting fresh air into its system. The commuter bike, with its aesthetic design, excellent performance and improved fuel efficiency, still gives tough competition to present generation bikes.
Rivals of Hero CBZ Bike
Some of the rival bikes of Hero CBZ are as follows:
- Pulsar 150
- Hero Achiever
- Yamaha FZ16
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
1. How to Renew Hero CBZ bike Insurance?
1. How to Renew Hero CBZ bike Insurance?
For Hero bike insurance renewal, follow the simple steps below:
- Visit the Bike Insurance page on the Tata AIG website.
- Enter your bike’s registration number and click the “Renew” option.
- Fill out the form given with the correct details about your bike.
- Select the correct IDV of your bike to get a suitable premium amount.
- Notify the insurance company about the previous claims to avail of the No Claim Bonus.
- If you wish to enhance your bike insurance coverage, choose from the add-on options.
- Make the payment by choosing any digital payment option, after which you will receive a soft copy via email.
2. How to make a bike insurance claim?
The claim settlement process of bike insurance is completely hassle-free and includes the following steps:
- You can file a claim by either calling on 1800- 266-7780 or visiting the “Claims Support” page on the Tata AIG website.
- Now fill in the required information, and you will receive a link on your registered mobile number for self-inspection.
- Ensure to fill in the correct details about the bike’s damages in the self-inspection form.
- A surveyor will also visit to inspect the bike.
- You can either make a cashless claim at the network garages or ask for reimbursement for the damages.
- To file a claim settlement, you need to submit the following documents: Claim form, FIR if present, address and identity proofs, and insurance policy documents.
- You can also track the claim settlement process online.
- Once the company examines your claim, it will be approved and settled.
3. Why is Hero CBZ discontinued?
CBZ was discontinued by Hero Honda in 2005 because most of the parts were imported, which made the bike costly to manufacture. The Pulsar 150, which competed with Hero CBZ, was cheaper, and it led to a decline in Hero CBZ sales.
4. Which bikes rival Hero CBZ?
Some of the rival bikes of Hero CBZ are Hero Splendor Plus, TVS Radeon, TVS Star City Plus, TVS Sport, and Hero HF Deluxe.
5. How is the IDV of the bike calculated?
IDV is the current market value of the bike, which the insurance company pays you in case of its total loss or damage. The table below shows how IDV is calculated after considering the depreciation of the bike over the years.
Other factors that determine the IDV of the bike are as follows:
- Bike’s make and model
- Bike’s age
- Bike’s registration date
- Bike’s registration city
- Type of fuel
- Type of insurance policy
- Policy duration
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