Hero Ignitor Bike Insurance

Q: What is the meaning of the term IDV and do I get to select it?

IDV stands for the bike’s Insured Declared Value . It is the approximate current market price of the bike, not to be confused with the resale value of the bike. Yes, you get to select the IDV from a range while insuring your bike online from ACKO.

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Bike insurance is a crucial policy that safeguards you financially against unpredictable incidents like a bike accident. Bike insurance related benefits are possible due to the different types of policies and associated coverages. For example, you can go for Comprehensive Hero Ignitor Bike Insurance to receive Third-party Coverage as well as Own Damage coverage. In addition, there are several add-on coverages as well. Read ahead to know more about bike insurance features, inclusions, exclusions, and a lot more.

Why Choose Online Two-wheeler Insurance for Hero Ignitor?

Thanks to the internet and smartphones, bike insurance can be purchased online from anywhere without any problems. Here are the top advantages of picking bike insurance online.

Paperless Experience

Forget unnecessary physical form-filling, as online bike insurance requires you to simply fill an online form that too without submitting a long list of documents. The policy is also issued online and not couriered via post. For example, you can access your bike insurance policy via the ACKO app.

Convenient Process

The process of insuring your Hero Ignitor bike online is so convenient that it can be completed within minutes. That too, at your chosen time of the day, even on Sundays. No need for appointments or waiting in a queue.

Easy Renewals

Bike insurance is a continuous process, as it requires periodic renewal. If insuring your bike online is easy, then renewing it is even easier. For example, you can use ACKO’s app or visit the website to log in to your account and renew your bike insurance policy online in just a few clicks.

Types of Insurance Plans for Hero Ignitor

Here are your primary options when it comes to picking a bike insurance policy for your Hero Ignitor bike.

Third-party Liability Policy

Indian law requires you to insure your bike and keep the cover active all the time. The Motor Vehicles Act, 1988 demands that you insure your bike with at least this type of policy. Such a plan insures you against third-party bike liabilities that may arise because of accidents involving your bike. A Liability-only policy is focused on covering third-party liabilities and does not offer Own Damage cover.

Comprehensive Plan

This plan overcomes the shortcomings of the Liability-only Policy. A Comprehensive Plan insures your Hero Ignitor against damages from accidents, fire, and calamities. You also receive a cover against bike theft and get an opportunity to choose add-on covers or riders to increase the coverage of your bike insurance policy.

What’s Covered in Hero Ignitor Insurance? (Inclusions)

If you buy a Comprehensive Bike Insurance Plan for your Hero Ignitor, the policy shall cover you in the following situations. Note that a Personal Accident Cover needs to be purchased separately.

Case where third parties are injured (or die) or their property is damaged because of the bike.
Case where your bike’s spare parts need to be repaired or replaced due to an accident.
Case where a natural calamity like a flash flood has damaged your bike.
Case where the bike is damaged due to fire, vandalism, etc.
Case where the bike is stolen and unable to be retrieved by the police.

What’s Not Covered in Hero Ignitor Bike Insurance? (Exclusions)

The insurance policy will not cover your bike for damage due to the below-mentioned situations.

Natural wear and tear
Bike racing and similar illegal activities
Expired insurance policy
Not following traffic rules
Drunk riding

Add-on Coverage for Hero Ignitor

By opting for a Comprehensive Policy, you get the opportunity to enhance bike insurance coverage with the help of the following add-ons.

Key Protect
Bike Engine Protect
Personal Belongings Damage/Theft
Zero Depreciation
Consumables Cover
Outstation Emergency Cover
Roadside Assistance Cover

Why ACKO?

Listed below are the key advantages of selecting ACKO for buying Comprehensive Hero Ignitor Two-wheeler Insurance online.

Incredibly Low Premium

As ACKO is a tech-based firm, almost all processes are online, resulting in lower operational costs. Also, when you buy or renew the policy directly from the website/app, you do not have to pay agent commission. This helps to offer policies at an incredibly low premium.

Informed Decision

ACKO is a digital-first insurer. All information is presented to you online in a transparent manner. With no hidden costs or agent interference, you can make an informed choice while buying or renewing bike insurance from ACKO’s app/website.

Seamless Claims Process

ACKO’s responsive claims team is backed by a world-class tech-enabled process that ensures quick and seamless claims settlement. For example, you can receive on-account settlement for minor damages by simply uploading pictures of the bike damage.

ACKO’s Claim Process

ACKO follows a simple yet efficient claim process to ensure hassle-free claim settlement. Here’s an overview of the process.

Step 1: Access your account using ACKO’s website/app.

Step 2: Initiate your claim and share relevant information, for example, bike damage pictures.

Step 3: Follow the stated action items for a smooth claim settlement process.

Frequently Asked Questions

List of common questions regarding Hero Ignitor bike insurance.

Commonly Asked Questions About Hero Ignitor Bike Insurance

Is the premium for a Third-party Policy for Hero Ignitor the same across insurers?

Yes, the premium for a Third-party Policy is the same across insurers as it is dictated by the Insurance Regulatory and Development Authority of India (IRDAI).

Can I skip bike insurance renewal as I have done it for the past three years and do not use my bike as often as I used to?

Skipping bike insurance renewal can lead to monetary penalties. It is suggested to renew bike insurance before the policy’s expiry period to stay insured and to avoid such penalties, as bike insurance is a mandatory requirement.

What is the meaning of the term IDV and do I get to select it?

IDV stands for the bike’s Insured Declared Value. It is the approximate current market price of the bike, not to be confused with the resale value of the bike. Yes, you get to select the IDV from a range while insuring your bike online from ACKO.

Can I renew Hero Ignitor bike insurance from ACKO on a public holiday?

Yes, ACKO offers bike insurance 24x7, irrespective of bank holidays. You can insure your bike anytime you want from ACKO’s website/app.

Can I purchase just a bunch of add-ons instead of the Comprehensive Plan for my Hero Ignitor?

No, such an arrangement is not possible as add-ons cannot be purchased as stand-alone policies.

Other Two-wheeler Insurance for Hero Bike Models/Variants

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