Hero Super Splendor Insurance

Two-wheeler insurance is an agreement between a vehicle owner and the insurance provider where the insurer promises to compensate for the losses arising out of third-party or own damages. In return, the vehicle owner has to pay premiums regularly.

It is an efficient tool to stay financially secure if your bike is damaged or you get injured while driving it. Here’s more about why you need insurance for your Hero Super Splendor:

• Helps you comply with the law

• Protects you from third-party liabilities

• Compensates for loss or theft of your bike

• Protects against financial liabilities due to bike damages

• Protects your bike from natural calamities

• Offers a Personal Accident cover

Now let’s discuss the types of two-wheeler insurance policies in brief.

Types of Two-Wheeler Insurance

There are three types of two-wheeler insurance policies that are as follows:

Third-Party Liability Cover

The most basic two-wheeler insurance policy is a third-party liability cover, which is mandatory as per the Motor Vehicle Act, 1988. Third-party motor insurance covers legal and financial liabilities arising out of third-party injuries/death or property damages. It means you can avail of compensation in case you injure a third party or damage his/her property.

However, this type of policy fails to offer respite for your bike damages or injuries.

Standalone Own-Damage Cover

Another two-wheeler insurance is own-damage cover where you can avail of compensation for your losses too. This policy covers damages caused due to accidents, vandalism, riots, theft, fire and explosion and damage beyond repair. However, an own-damage policy does not cover third-party damages, damages due to riding while drunk or without a license, or mechanical and electrical breakdowns.

Comprehensive Insurance

Comprehensive insurance provides extensive coverage for your two-wheeler from damages due to accidents, natural disasters, riots, strikes, vandalism, theft, and much more. While the policy covers financial and legal liabilities arising out of third-party injuries or damages, it also includes a Personal Accident Cover of up to Rs. 15 Lakhs. Not only this, but if your bike is stolen or damaged beyond repair, the insurance provider will reimburse the loss based on the bike’s IDV (Insured Declared Value).

Things to Consider While Choosing Insurance for a Bike

While the process of buying two-wheeler insurance is free of hassles, researching before it helps you make the best decision for your bike. Hence, below are some points you must consider before choosing a bike insurance policy:

• Choose a suitable insurance type after evaluating your bike needs and budget

• Ensure optimum policy coverage

• Check the availability of add-on covers

• Select the correct Insured Declared Value (IDV) of the bike

• Check the network of cashless garages of the insurance provider

• Don’t forget to compare car insurance quotes online

• Check the claim settlement ratio and the quality of services of the insurer

With Tata AIG, you can choose from an array of insurance policies tailored to suit your needs. You can also choose from the 12 unique add-on covers to ensure the maximum security of your Hero Super Splendor. You can follow the steps discussed below for a Hero bike insurance renewal or new policy purchase.

You can buy suitable Super Splendor bike insurance with Tata AIG offline and online. To buy or renew bike insurance offline, you can visit the nearest Tata AIG office where an insurance expert will guide you through the process and documentation.

However, to purchase or renew Super Splendor insurance without hassle, you can follow the simple steps and get your Hero bike insurance online instantly.

• Visit the Two-wheeler insurance page on the Tata AIG website

• Enter your Hero Super Splendor registration number

• Click “Get Price” for a new issue or “Renew” for a Hero bike insurance renewal

• Fill out the form given to get your bike insurance quote

• Select the correct Insured Declared Value (IDV) from the list given

• Notify the insurance provider about any past claims, in the absence of which you can benefit from the No Claim Bonus (NCB)

• After providing the required information, the premium for your Hero bike insurance will be displayed

• If you want to buy extra riders for your bike, pick from the add-on options and proceed with the payment

You will be sent a soft copy of your Hero bike insurance policy via email once the payment is received.

The Hero Super Splendor insurance price depends on its Insured Declared Value (IDV). IDV is the current value of your bike according to which the insurer compensates you if it is stolen or damaged beyond repair. The table below shows how IDV is calculated after considering your bike’s depreciation over the years.

While calculating the IDV of your Hero bike, Tata AIG considers several factors like its make and model, its age, registration city, type of use and fuel, cubic capacity, etc.

Now that you know what IDV is, you must also get a quote for your Hero bike insurance before buying one. With Tata AIG’s online bike insurance calculator, you can know the price of insurance for two-wheeler, compare insurance policies online and buy the most affordable plan. You can also visit a local dealer to know your bike’s IDV.

Note: Prices of third-party bike insurance are based on Insurance Regulatory and Development Authority of India (IRDAI) guidelines that are standardised according to the bike’s engine cubic capacity.

Comprehensive insurance may not suffice for your dream bike considering the expensive accessories, rising crimes and natural mishaps. So, buying suitable add-on covers is a wise step to give your bike an added layer of protection. Tata AIG offers 12 unique add-on covers that include:

Depreciation Allowance

Zero depreciation cover allows you to avail of reimbursement for the deducted cost of depreciation of the bike’s parts when you file a claim. While you can receive a sum insured without deduction of depreciation value, the add-on cover offers this benefit only for the first two claims. Also, this rider is available with a standalone own damage or comprehensive insurance policy.

Return to Invoice Cover

This add-on allows you to cover the difference between the purchase price and the compensation amount when you file a claim for a stolen or damaged bike. Moreover, if there is a new bike of the same make and model, the insurer reimburses the difference between the cost of the new bike and the claim amount. With this add-on cover, the insurer also pays for the road tax and registration charges you spent on the bike.

Emergency Medical Expenses

This add-on cover reimburses emergency medical and ambulance costs due to damages from an accident. It helps cover the expenses incurred in the medical treatment of the rider or the pillion rider at any nursing home/hospital.

Additional Personal Accident Cover for Owner-driver

This rider offers an additional Personal Accident Cover to protect you and your family from fatal accidental injuries. With this add-on cover, we pay you a predetermined amount if an accident proves to be fatal. The amount given under this rider is over and above the basic bike insurance sum assured.

Additional Third-Party Property Damage

While third-party liabilities are already covered in third-party insurance and comprehensive insurance, this rider allows you to avail of an additional reimbursement in case of third-party liabilities.

Roadside Assistance

The roadside assistance cover acts as a saviour if you and your bike are stuck in a remote location with no help nearby. With this add-on cover in place, you can ensure 24/7 assistance by the insurance provider to refuel, tow or emergency mechanic service.

Consumables Expenses

This add-on covers the consumables in your bike that are lost and need to be replaced after an accident. The consumables include engine oil, gearbox oil, oil filter, nuts and bolts, brake oil, etc. However, the rider doesn’t cover the cost of fuel on the bike.

Note: Tata AIG believes in transparency and helps its customers make informed decisions. So, you must know that each add-on cover comes with additional costs and raises the two-wheeler insurance premium. So, before adding the riders, you should evaluate your bike’s needs.

While comprehensive two-wheeler insurance ensures maximum protection of your bike, there are certain things that the policy does not cover. Hence, to make an informed decision, you must know the several inclusions and exclusions under your Hero bike insurance.

Here is a table that will help you understand what is covered and what is not under comprehensive insurance:

Choosing the right insurance provider is crucial to ensure quality care of your bike along with a seamless bike insurance claim. Hence, choose Tata AIG for the following reasons:

• Tata AIG believes in providing quality services to its customers and helping them make the best choices for their prized possessions

• Trusted by 5 crore happy and satisfied customers, we are preserving millions of dream vehicles for more than 20 years

• At Tata AIG, you can purchase/renew suitable motor insurance policies in a hassle-free manner and also pick from the riders to enhance the policy coverage

• Also, by purchasing Hero bike insurance from Tata AIG, you can ensure a hassle-free and quick claim settlement process through our extensive network of cashless garages

We are supported by over 650 claim experts across the country and are proud to have a 98% claim settlement ratio for FY 2020-21.

The Super Splendor entered the Indian market in 2018 and lies at the top in the Hero Splendor range. While the bike is not equipped with high-end features, its high reliability and durability make it popular among daily commuters. It is equipped with a 124.7CC single-cylinder engine which is higher than other Splendor bikes. It is mated with a five-speed manual gearbox and propels a power of 10.72bhp and 10.6Nm of torque. With a starting price of INR 78,580, the bike comes in four variants and six colours. The bike’s suspension works on a telescopic hydraulic shock absorber at the front and a hydraulic shock absorber at the back. Having a fuel tank capacity of 12 litres and weight of 122 kgs, the Super Splendor offers a mileage of 60kmpl.

The classy tail light and meter console and the attractive graphics are accompanied by AHO (Automatic Headlamps On), i3S technology (Idle Start-Stop System), side stand indicator and engine kill switch.

The Super Splendor by Hero MotoCorp comes in four attractive variants which are as follows:

Hero MotoCorp has updated the Splendor series with Hero XSens fuel injection technology that delivers excellent performance and provides maximum fuel efficiency. With its decent performance, good acceleration and pick-up on Indian roads, the Super Splendor is a perfect bike for daily commuting.

The five-speed manual gearbox allows easy changing of gears and provides an effortless ride in heavy traffic. While the bike’s comfortable seat height is suitable for riders of all heights, the ground clearance allows one to ride over all types of speed breakers and in rural areas.

Some other unique selling points of the Hero Super Splendor are its excellent after-sale service, mileage and easy accessibility to spare parts.

Here’s the list of bikes that compete with the Hero Super Splendor:

• Honda Shine

• Honda SP 125

• Hero Splendor Plus

• Honda CD 110 Dream

• Hero New Glamour

• TVS Radeon