Hero Vida V1 Insurance

Tata AIG offers third-party liability-only insurance and comprehensive Hero bike insurance plans. With us, you will find the process of buying 2-wheeler insurance online simple and hassle-free. You can also opt for Hero bike insurance renewal online to save time and get the renewal done quickly.

Here is how you can buy or renew Tata AIG Hero bike insurance online:

• Visit www.tataaig.com

• Go to the Bike Insurance Page

• Provide the registration number of your two-wheeler and select if you want to purchase a new policy (“Get Price”) or renew an existing Tata AIG policy (“Renew”)

• Fill out the application form completely with your personal details and information about the bike

• Choose add-on covers and deductibles based on your requirements

• Pay the premium

• Receive the policy documents via email

It is important to choose the Insured Declared Value (IDV) of the bike carefully, as it impacts the coverage and premium amounts. Also, add-on covers are available at a cost. Hence, choose the ones that can help you save on repair costs in the long run.

While renewing the policy, if you have not filed a claim during the previous policy term(s), then you will be eligible for a discount on the premium called the No Claim Bonus. This progressive discount increases with every subsequent year that you don’t file a claim and can go up to 50% of the premium. Make sure to talk to our representatives to understand any other discount offers.

Remember, in most cases, buying/renewing a policy is an entirely online process. However, if our team needs to inspect your vehicle, you will be informed accordingly.

At Tata AIG, we ensure you are informed of all costs and charges before buying the policy. This helps you make an informed decision and choose the best option for your two-wheeler. If you are renewing your existing Tata AIG policy, we ensure that the Hero bike insurance renewal price is also communicated.

We offer an online two-wheeler insurance premium calculator for seamless and quick premium calculation when buying your Hero Vida V1 insurance with us.

While there are many factors affecting the price of a bike insurance policy, here are some important ones that you need to know:

Hero Vida V1 third-party bike insurance

If you are opting for the mandatory third-party liability-only two-wheeler insurance plan, then the premium of the policy is determined by IRDAI (the Insurance Regulatory and Development Authority of India).

The premium is calculated based on your two-wheeler’s engine capacity (cubic capacity or cc). This is a standardised rate chart made available by the IRDAI annually.

Hero Vida V1 comprehensive bike insurance

When you opt for a comprehensive Hero Vida V1 scooter insurance policy, the premium calculation is based on various factors, including:

Insured Declared Value (IDV): When you decide to buy a Hero Vida V1 comprehensive insurance policy, you are required to choose the IDV of the scooter. This is your bike's current market value, which is also the sum insured. We pay this amount if the bike is stolen or completely damaged. A higher IDV means a higher premium and vice-versa.

IDV and Age of the vehicle: As the two-wheeler ages, its market value decreases, and so does the insurance policy's premium.

Make and model of the bike: Since it is an electric scooter, its premium will be lower than a high-end sports bike. We factor in the costs of repair and replacement of parts to assess the premium.

Location: Riding your scooter in an accident-prone area will increase the premium of the policy since the chances of filing a claim increase too. Hence, the location where your bike is parked or driven frequently will play a role in determining the premium.

Installation of safety devices: We offer discounts to bike owners who install safety devices like anti-burglary alarms.

Bike modifications: Many people modify their bikes to make them look and/or perform better. However, this can impact its performance and make it attractive and theft-prone. Hence, the premium for an insurance policy for modified bikes is usually higher.

Choice of add-on covers: Every add-on cover is available at a cost. Hence, your policy premium will increase based on the add-on covers you choose.

Every bike owner has some unique requirements from the insurance policy. Tata AIG offers seven useful add-on covers to cater to these varying needs. These add-ons allow you to customize your insurance policy to offer coverage based on your needs. Here are the details of the add-ons offered by us:**

Zero Depreciation Cover: This is also known as Zero Depreciation or Bumper-to-Bumper cover. When you file a claim, we process the amount after factoring in the depreciation of the bike and its parts. However, with this add-on, we do not deduct depreciation and process the entire amount.

Return to Invoice Cover: The IDV is the amount reimbursed if your bike is stolen or totalled. Depending on the age of the bike, this can be lower than the purchase cost of a new bike of the same make and model. With this add-on, we reimburse the current on-road price of the bike and not the IDV.

Emergency Medical Expenses Cover: If you want additional cover for managing ambulance and medical treatment costs for the owner-driver and pillion rider, this is a good add-on.

Additional Personal Accident Cover: While you get a personal accident cover in the comprehensive policy, you can opt for this add-on to increase the coverage amount.

Additional Third-Party Property Damage Cover: While you get a third-party liability cover in the comprehensive policy, you can opt for this add-on to increase the coverage amount.

Consumables Expenses Cover: This add-on cover helps include the costs of consumables like lubricants, oils, nuts, screws, etc., under the comprehensive policy cover.

Roadside Assistance Cover: With this add-on, you can get emergency breakdown assistance if your scooter breaks down at any time of the day or night.

A comprehensive bike insurance policy has certain exclusions and inclusions. The policy documents will detail everything included under the policy and things that are not. Ensure you go through these terms carefully before signing the dotted line.

Here are the inclusions and exclusions of a Tata AIG Hero Vida V1 comprehensive bike insurance policy:

Riding a two-wheeler is risky, as a small collision or mishap can damage the bike or cause severe injuries to the rider and/or the pillion.

In the unfortunate event of an accident, a comprehensive two-wheeler insurance policy can help you manage third-party liabilities and/or the costs associated with any damage to your bike or injury without worrying about finances.

Tata AIG has been a reputed name in bike insurance for over two decades. If you are looking for a Hero Vida V1 scooter insurance policy, then here are some reasons why you should opt for Tata AIG as your insurance partner:**

Different types of plans: Tata AIG offers third-party liability insurance plans mandated by law. You can also opt for an own-damage policy that complements the third-party policy by offering coverage for damages to your bike. Alternatively, you can choose the comprehensive policy that includes third-party liabilities, own damages, and more.

Optional covers for maximum protection: You can choose from seven add-on covers to get maximum protection for your two-wheeler. These covers are useful for people with higher exposure to certain risks. While they are available at a cost, choosing the right add-ons can help boost protection for your bike.

Cashless Claim Settlement: We have a network of more than 4000 garages across the country where you can get your bike repaired, in case of an accident, without having to pay first and claim later. All you have to do is talk to our representative and follow the process.

Transparency: We ensure you are aware of all policy terms and charges upfront. We are committed to transparency and help you understand all aspects of the coverage so that you can make an informed decision.

Efficient support team: If you have any queries about your policy, our support team is available around the clock to help you get the answers you need. We also have a host of resources on our site to help you understand any concepts if needed.

The Hero Vida V1 is available in one variant – Hero Vida V1 Pro. It has a range of around 165 km on a single charge and a top speed of 80 km/hour. The scooter weighs 125 kg with a seat height of 780 mm. This makes it easy for riders of all ages and body types to easily manage the scooter. Here are some of the unique selling points of Hero Vida V1 Pro:**

Design: The Hero Vida V1 has a unique design with a nice balance between a sporty and utility scooter. It stands out from other scooters in the EV segment and makes a statement of being “different”.

Performance: the Vida V1 Pro is not designed for extreme performance-driven riding. Instead, it has a nice balance of performance, range, and handling. The scooter has a smooth throttle response and can easily maintain a speed of 70-80 km/hour.

Handling: With a lower kerb weight, a natural riding position, and high-quality brakes, the Vida V1 Pro offers a balanced and stable ride.

Battery System: You get two removable Hero Vida V1 Pro batteries. You can charge them in three ways – use the DC fast charger using Vida’s fast-charging network, a conventional power socket, or remove a battery and take it home for charging.

Note: The prices may differ in different Indian cities.

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