Hero Xtreme Bike Insurance

How to buy two-wheeler insurance online for my Hero Xtreme bike?

Buying two-wheeler insurance online is easy, and it only takes a few minutes. Visit the ACKO website/app and enter your vehicle details such as the make/model, year of purchase and city. You will get two-wheeler insurance quotes with the option to buy 1/2/3 year plans. Choose the insurance plan and add-ons, and make the payment online. That’s it, your bike insurance policy will be sent to your email address. There is no paperwork while purchasing bike insurance online from ACKO.

Why should I insure my Hero Xtreme bike?

Buying at least a Third-party Bike Insurance Plan for your Hero Xtreme is mandatory to comply with the rules and regulations. Moreover, opting for a Comprehensive Bike Insurance Policy will ensure that you will be covered financially if your bike is damaged/destroyed or stolen. A bike insurance policy will provide financial and legal backup in case of an untoward incident.

Can I renew Hero Xtreme bike insurance online? Which documents do I need to submit for insurance renewal?

Yes. You can renew bike insurance online by visiting the ACKO’s website/app. ACKO customers can simply visit the ACKO.com website or ACKO mobile app and log in to the account to renew the bike insurance policy. You need not submit any documents while renewing the bike insurance policy from ACKO. The two-wheeler insurance renewal process at ACKO is completely digital and there is no paperwork.

What happens if I do not renew Hero Xtreme bike insurance?

If you do not renew the bike insurance plan, the policy will no longer offer coverage to your bike. If the bike insurance policy is expired, the insurance company will not provide the coverage benefits mentioned in the policy. Moreover, it is an offence to ride your bike with an expired insurance plan. If you fail to renew the bike insurance policy within 90 days, then you may also lose the NCB (No Claim Bonus) accrued over the years.

What is an add-on in Hero Xtreme bike insurance? Is it included in the policy?

Add-on is an individual cover sold alongside the Comprehensive Bike Insurance Plan. Add-on extends the coverage benefit of the Comprehensive Policy. By default, add-on is not included in the policy. You can opt for more than one add-on when buying/renewing the Comprehensive Bike Insurance Policy. Note that by opting for add-ons the bike insurance premium increases nominally. ACKO offers a host of add-ons for Hero Xtreme bike insurance. Click here for the list of add-ons for Hero Xtreme bikes.

Why can’t I opt for add-ons for Third-party Two-wheeler Insurance Policy?

A Third-party Bike Insurance Plan covers damage to third-party property/vehicle or life. The insurance plan does not cover damages to your own vehicle. Add-ons are individual covers to extend the Own Damage cover offered by the Comprehensive Bike Insurance Plan. So, you cannot opt for add-ons when buying a Third-party Bike Insurance Policy. Only Comprehensive Policy allows you to choose add-ons.

Are aftermarket accessories covered by Hero Xtreme bike insurance?

No. A Comprehensive Bike Insurance Policy does not cover aftermarket accessories. The insurance plan covers only accessories fitted by the manufacturer. However, you can intimate the insurer before fitting any accessories or modifying your two-wheeler, and request the insurer to cover such accessories in the insurance policy. Note that the insurance premium may increase by modifying or fitting accessories to your Hero Xtreme.

Which documents do I need to submit to raise a bike insurance claim?

If you are raising a bike insurance claim offline, you need to submit the following documents:

• Duly filled claim form

• Insurance policy certificate

• Vehicle registration certificate

• Driving licence

• Repair bill receipts (if any)

• First Information Report or FIR (If required)

If you are applying for a claim online, you may have to upload the soft copies of the already mentioned documents. ACKO customers can simply log in to the account via ACKO website/app and file a claim online. You have to enter a few basic details about the vehicle damages and upload the pictures of your vehicle to raise a bike insurance claim with ACKO.

What is the benefit of making no claims against Hero Xtreme bike insurance?

The benefit of making no claims against Hero Xtreme bike insurance is the No Claim Bonus (NCB) discount. If you have made zero claims during the tenure of the previous policy, the insurer will award you a discount on the premium while renewing the two-wheeler insurance plan. The discount may go up to 50% if you have made no claims for five consecutive years.

What does IDV mean in Hero Xtreme bike insurance?

IDV is nothing but Insured Declared Value. IDV can also be defined as the maximum sum insured amount for your two-wheeler insurance policy. IDV is calculated depending on various factors such as make/model/age of the vehicle, current market value/ex-showroom price of the vehicle, etc. The insurer will pay you the IDV (minus depreciation) if your vehicle is stolen or damaged beyond repairs.