Following are the car insurance add-ons available for Hero Electric bike insurance:  

• Zero Depreciation Cover
• Return to Invoice Cover
• Engine & Gear-box Protection Cover
• Consumable Cover
• Breakdown Assistance
• Tyre Protect
• Daily Conveyance Benefit
• EV Shield Add-on Cover

Hero Electric, a flagship company of Hero Eco Group, has been developing innovative products for the domestic electric vehicle industry. The company has marked its presence in tier 2 and tier 3 cities, including rural areas. Hero Electric sells 6 bike models, including-

• Flash
• Optima
• Dash
• Atria
• NYZ
• Photon

These models are powered with BLDC, air-cooled motors generating power ranging between 250W to 1500W. Hero Eco installed telescopic forks at the front and twin shock at the rear for suspension setup. In addition, drum brakes are equipped at both ends coupled with Combined Braking System to ensure optimal braking efficiency.

Apart from these, the company is planning to launch 3 more models-

• AE-47 E-Bike
• AE-3
• AE-29 

However, as the electric vehicle is still a new approach in India, replacement components are hard to find and thus expensive. In this regard, it is wise to opt for insurance for Hero electric two-wheeler to steer clear of repair/replacement commitments.

Besides providing financial aid for repair/replacement, a two-wheeler insurance plan offers several other benefits. They are-

1. Third-Party Coverage - If your Hero electric bike hit another vehicle, property or person, the insurance company will bear the loss against your insurance policy. 
2. Personal Accident Cover - According to the IRDAI, insurance companies must compensate in the event of the death or disablement of a policyholder in an accident. Under such unfortunate circumstances, the insurer has to pay a compensation of ₹15 lakhs to the victim’s family members.
3. Own Damage Protection - Apart from the accident, suppose your hero electric bike gets damaged due to other threats such as natural calamities, fire, theft etc. In such conditions, the insurance companies reimburse for the loss. 
4. Necessary Legal Compliance - If you fail to produce valid insurance documents, you have to pay hefty penalties of ₹2,000 for first-time offences. On repeating the crime, you are liable to pay ₹4,000. In worse cases, you may end up in prison for up to 3 months.
5. No Claim Bonus - Reputed insurance companies like Digit reward their customers with a No Claim Bonus benefit. This bonus acts as a discount from 20% to 50% that the insurer provides based on the number of claim-free years.

When comparing different policies online, apart from Hero electric two-wheeler insurance price, you must consider several other factors before making an informed decision.

Digit, in this regard, is an ideal choice as it extends several other benefits at cost-effective rates.

• Vast Policy Options - Digit crafts its policy plans based on the diverse requirements of its customers. Here are the options available for you.

• Third-Party Policy - This is the most basic plan Digit provides. It is compulsory as per the Motor Vehicles law and offers financial coverage for third-party losses. In simple words, if your Hero electric bike inflicts damage to another vehicle, person or property, Digit will pay on your behalf against your policy. In fact, the insurer will handle the litigation issues, if any.

• Comprehensive Policy - This covers both third-party and Own damage protection. That means if your bike undergoes damage due to an accident, flood, fire, theft, earthquake etc., Digit will reimburse for the loss.

Note: Third-party policy does not provide Own Damage Protection. Therefore, opt for a standalone Own Damage cover to elevate your policy.

• Buy or Renew Policies Online - With Digit, you no longer have to go through tedious processes and lengthy paperwork to buy an insurance plan. Instead, you just have to visit the official website and opt for Hero electric two-wheeler insurance online. Similarly, log in to your accounts and follow the instructions given for renewal.

• High Claim Settlement Ratio - Digit has a record of settling the majority number of claims raised by its customers. One of the probable reasons is the 3-step claim filing process that fastens the entire procedure.

  • Step 1: Call on 1800 258 5956 to get the self-inspection link on your registered mobile send
  • Step 2: Send the relevant images of your impaired bike on the link
  • Step 3: Choose from the available mode of repair options- ‘Cashless’ and ‘Reimbursement’

• IDV Alteration - Based on the Insured Declared Value of your motorcycle, Digit will offer compensation in case your bike is stolen or damaged beyond repair. So, if you opt for higher IDV against additional charges, you can confirm higher compensation.

• Policy Elevation with Add-ons - Digit facilitates its customers to upgrade their base policies by including the following add-ons at their convenience.

  • Zero depreciation
  • Return to invoice
  • Roadside assistance and more

Note: Continuing these benefits attract additional Hero electric two-wheeler insurance renewal price.

• Nationwide Digit Network Bike Garages - Digit has collaborated with over 2900 garages across the nation to ensure a seamless customer experience. All these network garages accept cashless claims against your valid insurance policy.

• 24X7 Customer Assistance - Regardless of time and day, you can connect with the Digit customer support team to resolve any queries related to Hero electric two-wheeler insurance renewal or any other concern.

Furthermore, you can bring down your Hero electric two-wheeler insurance policy premiums by selecting higher deductibles and avoiding small claims. However, it is essential to know that lower premiums do not guarantee complete protection. Thus, contact your insurer for some insights on the matter to make a choice.

Yes, there are a few methods which you can employ to reduce the premium amount for your two-wheeler insurance policy. Be it Hero Electric bike insurance renewal online or its purchase, you must check these tips discussed below to ensure that you are not paying more than what is necessary for your insurance policy:

• Purchase the Insurance Directly from the Insurer - Avoid any agent or broker while buying your insurance policy. Most insurance providers offer the option to buy their policies online by following a simple procedure. This facilitates you to purchase the policy directly from the insurance company and avoid any intermediary and their subsequent charges.
• Apply for the Add-Ons which are Absolutely Necessary - While finalising on the policy, check which add-on covers you really need. Every add-on cover adds to the premium amount, and you should be careful to avoid them unless you really need them.
• Check for No-Claim Bonus Benefits - No Claim Bonus benefits are offered to policyholders if they do not raise any claims against their policy in a year. This benefit is extended as a discount on the premium for the policy in the subsequent year.
• Opt for Voluntary Deductibles - You can opt for voluntary deductibles on your insurance policy that will require you to settle a part of your claims before your insurance coverage kicks in. If you opt for this deductible, you can consequently save on your premium payment for the policy.

Now, with a thorough knowledge of policies and premium reduction, you should make haste in selecting the right policy for your Hero Electric two-wheeler. A few additional facts are also discussed below to help you with certain queries which might come up.