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Hero Splendor Bike Insurance

Secure your Hero Splendor with bike insurance premiums from ₹19/month*

Bike insurance policy online

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Plan Details

Introduction to Hero Splendor Bike Insurance

Planning to buy a Hero Splendor Bike? You are investing in a sturdy and reliable mode of conveyance. However, protecting your investment against unexpected events on the road is equally important. This is where a bike insurance policy becomes essential.

Reliance General Insurance offers Hero Splendor two-wheeler insurance plans tailor-made specifically for you depending on your needs and budget. Enjoy affordable coverage with up to 80%** premium discounts on online purchases.

How to Buy Hero Splendor Bike Insurance Online and Offline?

Steps to Buy Hero Splendor Bike Insurance Online

Step 1 - Visit the official two-wheeler insurance page and explore the types of bike insurance plans available.

Step 2 - Enter the bike's details and your contact information and click on "View Prices" to check the premiums.

Step 3 - Compare quotes, analyse plans and choose one that meets your needs and aligns with your budget.

Step 4 - Choose the add-ons you want to include and the suitable IDV for your bike to customise your policy.

Step 5 - Use the premium calculator to find the premium. Pay the premium online to buy the policy instantly.

Steps to Buy Hero Splendor Bike Insurance Offline

Step 1 - Visit the nearest Reliance General Insurance branch. Use our branch locator tool to find the nearest branch.

Step 2 - Submit the required documents like the bike's registration certificate and your ID and address proofs.

Step 3 - Assess the policy options with your insurance representative to understand the coverage benefits and add-ons available.

Step 4 - Select your preferred vehicle insurance coverage plan and complete the application forms

Step 5 - Pay the premium by any accepted offline mode and get the hard copy of the policy document.

Steps for Hero Splendor Bike Insurance Renewal Online

  • Visit our app or website
  • Enter the bike's details
  • Select the renewal policy
  • Provide the No Claim Bonus
  • Pay the renewal premium

Why do you Need Bike Insurance for your Hero Splendor Bike?

Legal Compliance

Buying a bike is not enough. You also need a valid third-party liability coverage for it. As per the Motor Vehicles Act, it is illegal to ride your Hero Splendor Bike without a valid third-party two-wheeler insurance.

Financial Shield

Hero Splendor Insurance can safeguard you and your two-wheeler against financial damages during unforeseen on-road incidents such as accidents, theft and calamities (natural or man-made) caused to self or a third party.

Stress-Free Riding

It offers you mental peace by safeguarding you against any kind of unexpected damage that might occur during your journey, helping you ride your bike with more confidence and absolutely no stress.

Features and Benefits of Hero Splendor Bike Insurance

  • Protection Third-party Damage

    Covers you against financial damages caused to a third party or their property due to an accident by the insured vehicle.

  • Provides Own Damage Cover

    Keeps your two-wheeler protected against damages such as calamities (natural or man-made), thefts, fire, explosions and others.

  • Offers No Claim Bonus

    Offers up to 50%** discounts on your renewal premium provided no claims have been made in the past year.

  • Personal Accident Cover

    Offers up to ₹15 lakhs in case of your (driver/owner of the insured bike) accidental death or total and permanent disability.

  • Range of Add-on Covers

    Offers over 10 extra add-ons such as zero depreciation cover, 24/7 roadside assistance, helmet cover and many more.

  • Hassle-free Claims

    Choose from cashless or reimbursement claims for easy and convenient financial assistance when you need it the most.

Types of Hero Splendor Bike Insurance Plans at Reliance General Insurance

Third-party Bike Insurance

This is a basic but mandatory insurance plan. This plan protects you from financial damages caused to a third party or their property due to the insured vehicle.

Standalone Own Damage Bike Insurance

The own-damage bike insurance plan protects the insured vehicle in case of damages such as theft, fire and calamities (both natural and man-made).

Comprehensive Bike Insurance

As the name suggests, it is a comprehensive insurance plan that protects against third-party liabilities and own-damage liabilities.

Long-Term Two-Wheeler Insurance

This is a comprehensive two-wheeler insurance policy which is available for 2,3 or 5 continuous years. Enjoy uninterrupted coverage without annual renewals.

Hero Splendor Bike Insurance Policy- Key Inclusions & Exclusions

Hero Splendor Inclusions (✓) Hero Splendor Exclusions (✗)
(✓) Protects against damages such as theft, fire, explosions and other calamities (natural and man-made) (✗) Excludes depreciation and damages suffered due to extensive usage of the bike.
(✓) Covers against damages caused to a third party or their property by the insured vehicle. (✗) Intentional damage or damage caused due to negligence of the driver.
(✓) Personal Accident coverage in case of death/injury of the driver/owner due to accidents. (✗) The policy does not cover damages due to unfortunate incidents like wars or nuclear risks.
(✓) A choice of 10+ add-ons for additional coverage at a low and affordable premium (✗) Unless otherwise mentioned in the insurance documents, damages to tyres and tubes are not covered.
(✓) Access to over 10,000# cashless garages across India for quick and easy access and repair. (✗) Breakdowns caused due to internal mechanical or electrical failure are excluded.

Add-on Covers for Hero Splendor Bike Insurance

  • Nil Depreciation Cover : It offers you the full value of the replaced part, irrespective of the depreciation amount.
  • Consumables Cover : Covers cost of consumables such as coolant, engine oils and lube incurred in repairs.
  • Additional Third-party Property Damage Cover : Provides extra coverage for third-party property damage.
  • Additional Personal Accident Cover for the Owner/Driver : Added protection is offered against accidental death and disability.
  • Emergency Medical Expenses : Covers pre-specified hospitalisation and ambulance costs in case of accidents.
  • Return-to-Invoice Cover : In case of total loss or theft, the original invoice value is paid as claim.
  • EMI Protection : Up to 3 loan EMIs are paid on your behalf if the repairs take more than 30 days.
  • Helmet Cover : If the helmet is damaged, this add-on will cover the repair or replacement of the helmet.

Hero Splendor Bike Insurance Claim Process

Steps for Hero Splendor Bike Insurance Claim: Cashless Repairs

Step 1 - Call us at +91-22-4890-3008, use the Reliance Self-i app. or log into the website for claim intimation.

Step 2 - In the case of theft or third-party, report the same to the nearest police station and keep a copy of the FIR.

Step 3 - Find and complete the online claims forms providing all the necessary details of the claim.

Step 4 - Reliance General Insurance will send a surveyor to inspect the vehicle and assess the damage.

Step 5 - Take your bike to a networked garage for cashless repairs. The insurer will settle the repair costs directly.

Steps to Claim Hero Splendor Bike Insurance Policy: Reimbursement Claims

Step 1 - Notify the company by calling +91-22-4890-3008, through the Reliance Self-i app. or by logging onto the website.

Step 2 - In case of theft or a third-party claim, file an FIR at your nearest police station and retain a copy.

Step 3 - Fill out the claim forms available online and submit them to the insurance company for claim processing.

Step 4 - ​After the claim has been submitted, a surveyor will assess and inspect the damage to your bike.

Step 5 - Take your bike to any garage of your choice for repairs, pay upfront, and submit the bills for reimbursement.

Documents Required for Hero Splendor Bike Insurance

  • Registration Certificate (RC) : An RC copy or purchase invoice (in case of low-speed EVs) is a must.
  • Previous Policy Details : The previous policy document is needed for renewals and no-claim bonus
  • Driving Licence (DL) : The Driving License shows proof of ownership of the insured bike.
  • Identity Proof : ID proofs like Aadhaar card, PAN card or voter ID are necessary
  • Address Proof : It is needed for documentation and easy communication.

Hero Splendor Bike Insurance Claim Cashless Vs Reimbursement

Hero Splendor Bike Insurance Policy: Cashless Repairs

  • The insurance company directly settles the repair bills with the garage.
  • It is available only across the specified network of garages.
  • Minimal paperwork is needed which speeds up claim settlement.
  • You only pay for costs not covered by the bike insurance policy.
  • Repairs are quick and hassle-free without delays due to payment issues.

Hero Splendor Bike Insurance Policy: Reimbursement Claims

  • You have to pay for repairs upfront and later get reimbursed by the insurer.
  • Repairs can be done across any garage of your choice.
  • You have to submit the original bills and documents for claim approval.
  • Initially, you bear the strain of repair costs. Reimbursement is done later.
  • Document verification might delay the overall claim settlement process.

Hero Splendor Bike Insurance Premium

  • Bike Age and Model : The older the model and make of the bike, the higher will be the premium and vice-versa.
  • Engine Capacity : Bikes with larger engine capacities attract higher premiums owing to a higher risk exposure.
  • Location : Areas where accidents or thefts are common, usually attract high insurance premiums.
  • Claim History of the Rider : if you have a history of filing frequent claims, you may have to pay a higher premium amount.
  • Coverage Type : Comprehensive insurance plans are costlier in comparison to basic third-party liability plans.
  • Add-ons : Add-ons increase the overall cost of the premiums as they enhance benefits at a little extra cost.

How To Calculate Your Hero Splendor Bike Insurance

Reliance General Insurance helps you calculate the premium of your Splendor Bike Insurance in simple steps. Here's what you need to do.

  • Visit the bike insurance webpage and click on the online premium calculator
  • Enter the bike details such as the model and make, registration year, location etc.
  • Analyse the various insurance plan options and choose one.
  • Also, select the desired add-ons.
  • Calculate your bike insurance premium instantly.

How to Buy Insurance For A Second-Hand Hero Splendor Bike

For a second-hand Hero Splendor bike, the process to buy bike insurance is as follows -

  1. Inspection of the Bike

    Reliace General Insurance will conduct a comprehensive inspection of your bike to assess its engine condition, age, and other parameters.

  2. Submit the Necessary Documents

    Collect and submit the basic documents required for bike insurance. Additionally, you will need specific forms signed by the previous owner and a copy of the RC transfer.

  3. Buy Bike Insurance Online

    Visit the bike insurance page on Reliance General Insurance and enter the bike's details. Upload the documents and select the type of policy you need for your bike.

  4. Choose Adequate Coverage

    Find a bike insurance policy that provides a comprehensive scope of protection, aligns with your coverage needs and is affordable too.

Hero Splendor Bike Insurance Price: Third-Party Insurance Premium

Here are the premium for third-party bike insurance plans for one year -

Engine Capacity Third-Party Premium (Annual)
Not exceeding 75 cc₹538
Exceeding 75 cc but not exceeding 150 cc₹714
Exceeding 150 cc but not exceeding 350 cc₹1,366
Exceeding 350 cc₹2,804

For long-term third-party liability plans, which continue for 5 years, the premiums are as follows -

Engine Capacity (cc) Third-Party Premium for 5 Years
Up to 75 cc₹2,901
Between 75 to 150 cc₹3,851
Between 150 to 350 cc₹7,365
Above 350 cc₹15,117

Hero Splendor Bike - Overview and USPs

  • Attractive Premium Discounts

    You can enjoy premium discounts of up to 80%** on online premium payments and save more.

  • Customised Coverage Options

    Reliance General Insurance offers customised insurance plans at premiums as low as ₹19* per month.

  • Network of Cashless Garages

    Reliance General Insurance has tie-ups with over 10,000# garages spread nationwide for quick and easy repairs.

  • Quick and Easy Process

    Buy your bike insurance policy online in some simple steps with the seamless website or mobile app.

  • Instant Policy Issuance

    Pay the premium online and get your bike insurance policy issued within minutes.

Hero Splendor Bike - Model and Prices

Hero Splendor Bike Model Price
Splendor Plus ₹76,066 (Ex-showroom)
Splendor iSmart 110 ₹58,400 (On-road)
Super Splendor ₹51,838 (Ex-showroom)

Reliance offers Insurance for Hero Splendor Bike Models

  • Splendor Plus
  • Splendor iSmart 110
  • Super Splendor

Frequently Asked Questions (FAQS) About Hero Splendor Bike Insurance

  1. What is Hero Splendor Bike Insurance?

    Hero Splendor Bike Insurance is a cover for your two-wheelers that protects you against financial liabilities incurred due to accidents, theft, fire and explosions.

  2. What factors affect the Splendor Insurance Price?

    A few factors that affect Hero Splendor insurance price are as follows:

    • Coverage type
    • IDV of the insured vehicle
    • No-claim bonus
    • Make and model
    • Registration location and date
  3. What is IDV in Hero Splendor bike insurance?

    IDV refers to the maximum amount you can claim in case of theft/total damage to your insured vehicle.

  4. How does IDV affect my Hero Splendor insurance price?

    IDV has a direct impact on your Hero Splendor Insurance Price. The higher the IDV, the higher the premium price, and vice-versa.

  5. How can I reduce my Splendor Insurance Price?

    You can reduce your Hero Splendor insurance price by using these methods:

    • Choosing the right policy
    • Determining the correct IDV
    • Including higher amounts of deductibles
    • Installing anti-theft devices
    • Claiming NCB discounts, if any
  6. How to decide which insurance plan is better for my two-wheeler?

    You can determine the best insurance plan by keeping these factors in mind:

    • Suitable plan
    • Affordable premium
    • Suitable add-ons
    • Insurer's claim-settlement record
    • List of networked garages
  7. What is a No-claim Bonus?

    A no-claim bonus is an additional discount offered to you on your Hero Splendor insurance price for every claim-free year spent during the previous policy tenure.

  8. Why should I apply for add-ons when already buying an insurance policy?

    Add-ons are extended coverage benefits offered to you at a little extra cost. These add-ons enhance your current insurance policy and offer you higher claims in case of accidents and other damage liabilities.

Disclaimer: *The premium mentioned is excluding taxes for the private two-wheeler model TVS Jupiter with cubic capacity of less than 110 cc for a 1 year Own Damage Insurance policy for an IDV of 34,766. Premium used is 233/year as on 1 March 2023 and then converted into a per month basis, which gives us Rs.19/month (233/12).

**The discount varies basis vehicle specifications, No Claim Bonus discount and Geographical location of the vehicle to be insured. Discounts have been calculated on the basis of the rates prescribed under erstwhile Indian Motor Tariff. Discounts are applicable only to the Own Damage section and discounts may vary as per the vehicle make, model, RTO, and age of the vehicle.

T&C apply. For more details on risk factors, terms, conditions, brochure, and exclusions, please read the policy wording and CIS carefully before concluding a sale. Details mentioned are for the product- Reliance Two Wheeler Package Policy. Discount is not applicable on TVS models. Discounts mentioned above is based on Vehicle category, Loyalty, Parking & Driving experience. UIN-IRDAN103RP0011V02100001.

Savings/discounting is on the Own Damage portion of motor insurance only. Discount on premium depends upon various risk factors like vehicle risk category, NCB status, vehicle parking facilities, geography etc. Final quantum of discounting may change upon entering the vehicle and/or risk details.

#The number of garages mentioned is the total of all the garages empanelled across the country for different vehicle categories.

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