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Motor Insurance

Buy/Renew Hero Vida Electric Bike Insurance

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Premium Starts At ₹457*

Electric Bike Insurance That Powers Your Peace of Mind

Coverage Highlights

Get comprehensive coverage for your electric bike
  • Care for your Electric Bike

Round-the-clock assistance for your electric Bike with 11 Roadside Assistance Services

  • On-site Charging, Pickup & Drop

A convenient service offering electric bike charging at the user's location, combined with vehicle pickup and drop-off. Enhances user experience by saving time and effort

  • Dedicated EV Helpline with SOS

A specialized service providing 24/7 support for electric bike users, including emergency assistance, towing-out of energy, breakdown, accidental and much more

  • Comprehensive Protection

Electric bike insurance offers financial cover for damages to your electric bike. Depending on the policy type, it can protect against third-party damages or damages to your bike or yourself. Comprehensive policies are recommended, providing extensive protection and various add-ons, such as personal accident cover. This cover offers financial support in case of an unfortunate incident

  • Drive Legal, Stay Safe

Avoid hefty fines and legal troubles—Third-Party liability Insurance is mandatory under the Motor Vehicles Act, ensuring financial protection against damages to others on the road

  • Customizable Add-ons

Choice of add ons to enhance your EV bike insurance coverage

  • Note

*TP EV Bike Insurance Premiums starting at ₹457

Inclusions

What’s covered?
  • Third Party Liability for Bodily Injury & Death (Unlimited Cover)

If an accident is caused by your electric bike and you are liable to compensate for any injury or death of others then we will pay the exact amount as by court. This cover is mandatory by law.

  • Third Party Liability for Property Damage (Limited)

If an accident is caused by your bike and you are liable to compensate for any damage to property of others then we will pay amount up to the SI limit. This cover is mandatory by law.

  • Own Damage Cover

Protects your electric bike against accidental damages, fire, theft, and natural calamities like floods or earthquakes. This ensures financial relief for repair costs or vehicle replacement, helping you get back on the road without worries

  • In Transit Damage

If your electric bike is damaged while being transported, this covers the repair costs

  • Personal Accident

Coverage if your electric bike accident results in death or disability of car owner. This helps provide security for you and your family in case of unfortunate events on the road

  • No-Claim Bonus (NCB)

This bonus is a discount offered by insurance companies for not making any claims during the previous policy period. The NCB applies from the second year onwards and can reduce your premium by upto 50%, based on consistent claim-free renewals. It rewards careful driving and helps lower overall insurance cost

  • Note

Please read policy wordings for detailed inclusions

Exclusions

What’s not covered?
  • Depreciation

Normal wear and tear of the electric bike due to usage and depreciation in value is not covered

  • Intentional Damage

Any damage caused to the electric bike intentionally

  • Damages due to Failure

The damages due to electrical or mechanical failure are not covered

  • Illegal Activities

Any type of illegal activity such as driving without a license, under the influence of alcohol and/or drugs, or using the electric bike for criminal activityAny type of illegal activity such as driving without a license, under the influence of alcohol and/or drugs, or using the electric Vehicle for criminal activity

  • Geographic Limits

Your insurance policy is only valid within India. If your vehicle meets with an accident outside the country, your claim will be rejected

  • War-related Damages

Losses caused by war or nuclear risks are not covered

  • Overloading the Vehicle

If you exceed the weight or passenger limit specified for your electric bike , leading to an accident.

  • Note

Please read policy wording for detailed exclusions

Additional Covers

What else can you get?
  • Motor Protector Cover for Electric Cars

The motor is essential to your electric bike, but standard e-car insurance policies often don't cover its repairs. A motor protector cover is an add-on that helps with necessary repairs, saving you from hefty expenses. With this cover, the insurance company handles motor repair costs, ensuring your EV remains in top condition without financial strain

  • Zero Depreciation Cover

This add-on helps cover depreciation, which is typically excluded from standard EV insurance policies. With this add-on, your claim amount won't deduct the depreciation on components during reimbursement

  • Consumables Cover

This ensures the replacement of necessary fluids and components is worry-free, as your electric bike policy covers these expenses, enhancing your vehicle's overall performance

  • Note

Please read policy wording for detailed exclusions

Benefits You Deserve

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Reliable Customer Support

24x7 roadside assistance, on- spot charging, ensuring help is just a call away

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Pickup & Drop

Towing & Taxi Benefit

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On the Spot Claim Settlement

Register claim on accident spot and get it settled within minute on our app

At-A-Glance

Compare Insurance Plans Made for You

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Third Party Liabilty Cover

Own Damage Cover

Comprehensive Cover

Overview Covers legal liabilities arising due to body injury or property damage to others due to your bike. It is mandatory by law. Covers expenses arising out of damage to your bike. Full fedged cover comprising of Third Party Liability cover and Own Damage covers
Policy Period 1/2/3 years 1 Year 1/2/3 years
Third Party Liability for Injury, Death & Property Damage Yes No Yes
Accidents & Collisions No Yes Yes
Natural or Man-Made Disasters No Yes Yes
Fire Damage No Yes Yes
Theft No Yes Yes
Compulsory Personal Accident Yes Yes Yes
No Claim Bonus No Yes Yes
Add-on: Zero Depreciation Cover No Yes Yes

Download Policy Document

Get instant access to your policy details with a single click.

Motor & Health Companion

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Discover a health plan tailored just for you–get insights and achieve your wellness goals

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Be proactive about your health–set goals, track progress, and get discounts!

Step-by-Step Guide

To help you navigate your insurance journey

How To Buy

  • 0

    Download the Caringly Yours app from App stores or click "Get Quote"

  • 1

    Register or log in to your account.

  • 2

    Enter your bike details

  • 3

    You will be redirected to the bike Insurance Page.

  • 4

    Ensure to check your No Claim Discount

  • 5

    Choose right Insured Declared Value(IDV) that reflects your bike value

  • 6

    Evaluate Covers, Add Ons, Optional Covers and Exclusions

  • 7

    Select a plan from the recommended options, or customize your own plan

  • 8

    Review the premium and other coverage details

  • 9

    Proceed with the payment using your preferred method

  • 10

    Receive confirmation of your purchased policy via email and SMS

How To Renew

  • 0

    Login to the app

  • 1

    Enter your current policy details

  • 2

    Review and update coverage if required

  • 3

    Check for renewal offers

  • 4

    Add or remove riders

  • 5

    Confirm details and proceed

  • 6

    Complete renewal payment online

  • 7

    Receive instant confirmation for your policy renewal

How to Claim

  • 0

    Download our Caringly Yours App on Android or iOS

  • 1

    Register or login to use Motor On the spot claim for a smooth process

  • 2

    Enter your policy and accident details (location, date, time)

  • 3

    Save and click Register to file your claim

  • 4

    Receive an SMS with your claim registration number

  • 5

    Fill in the digital claim form and submit NEFT details

  • 6

    Upload photos of damaged parts as instructed

  • 7

    Upload your RC and driving license

  • 8

    Receive an SMS with the proposed claim amount

  • 9

    Use the SMS link to agree/disagree with the claim amount

  • 10

    Agree to receive the amount in your bank account

  • 11

    Track your claim status using the Insurance Wallet App

Know More

  • 0

    For any further queries, please reach out to us

  • 1

    Phone +91 020 66026666

  • 2

    Fax +91 020 66026667

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What Our Customers Say

Prompt Assistance

Thank you so much, Bajaj Allianz, for your quick and responsive action towards my claim process. I am shocked that my claim amount has been credited so quickly.

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Vikram Singh

Delhi

4.6

21st May 2021

Claim Support

Super fast claim settlement! I initiated a claim for my car windscreen, which was broken due to a tree fall today, and it was settled within one hour. I appreciate the efforts of Omkar.

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Deepak Bhanushali

Mumbai

4.5

18th May 2021

Quick Assistance

Thank you for helping me with just one tweet. You guys are really awesome. This is the fourth year I am continuing with you for car insurance. Keep it up!

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Naveen Tyagi

Delhi

5.0

1st May 2021

Claim Support

I really appreciate the way I was treated concerning my claim. The customer service was both professional and friendly, which enhanced my confidence in Bajaj Allianz. 

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Pramod Chand Lakra

Jaipur

5.0

27th Jul 2020

Reliable Service

The vehicle was used by our Zonal Manager. We appreciate your timely and prompt action in getting the vehicle ready for use within a short span of time.

SibaPrasadMohanty

Siba Prasad Mohanty

Pune

5.0

26th Jul 2020

Diverse Options

A range of options to choose from." Being a perfectionist, I prefer the best of everything. I wanted my car insurance policy to be airtight as well. 

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Rahul

Lucknow

5.0

26th Jul 2020

FAQ's

Is it mandatory to have insurance for an electric bike?

Yes, it is mandatory to have at least third-party liability insurance for your electric bike as per the Indian Motor Vehicles Act, 1988. This insurance covers damages or injuries caused to a third-party person or property by your bike.

What are the types of insurance policies available for electric bikes?

There are mainly two types of insurance policies available for electric bikes: Third-party liability insurance and Comprehensive insurance. Third-party liability insurance covers damages or injuries caused to a third-party person or property, whereas comprehensive insurance provides wider coverage, including damage to your own vehicle, theft, and p

How can I purchase insurance for my electric bike?

You can purchase insurance for your electric bike either online or offline. Many insurance providers have online portals where you can purchase and renew policies by providing your vehicle details, personal information and making payment online. Alternatively, you can visit a local insurance provider's office to purchase the insurance policy.

What does an electric bike insurance policy typically cover?

An electric bike insurance policy usually provides coverage against damages, theft, and third-party liabilities. Coverage may also extend to the battery and other electrical components, though specific inclusions can vary.

Is electric bike insurance mandatory?

Third-party coverage for electric bikes is mandatory, similar to other motor vehicles. Investing in a comprehensive electric bike insurance can help you cover damages to your vehicle in case of an accident, for example.

How is the cost of an electric bike insurance policy determined?

The cost of an electric bike insurance policy is influenced by factors such as the bike's make and model, its value, the rider's history, and the level of coverage chosen.

What information is needed to obtain electric bike insurance policy?

Typically, you will need to provide information about your electric bike, such as its make, model, and value, as well as your personal details and driving history.

Are there any common exclusions in electric bike insurance policies?

Common exclusions may include damage resulting from wear and tear, intentional damage, or riding under the influence. Also, modifications to the E-bike that are not factory standard, can void portions of, or the entire policy.

What incidents are commonly covered under Electric Bike Insurance?

Electric bike insurance claims often cover incidents like accidents, theft, and damage caused by natural disasters. Coverage for battery damage may also be included.

What should I do if my electric bike is damaged or stolen?

If your electric bike gets damaged or stolen, let your insurance company know right away. Take pictures of the damage, or anything else that helps explain what happened.

What documents are required to file an electric bike insurance claim?

To file a claim, you'll generally need your policy information, a police report for theft, photos of the damage, and repair quotes. However, because each claim is different, it's really important to confirm the specific documents needed with your insurance provider.

Does electric bike insurance covers replacing a damaged battery?

Whether or not battery replacement is covered depends on the specific policy. Some policies may include coverage for battery damage, while others may not.

How long does it take to process an electric bike insurance claim?

Claim processing timelines can vary depending on the complexity of the claim and the insurance provider's procedures.

Can I renew my electric bike insurance policy?

Yes, electric bike insurance policies are generally renewable.

Can I change my coverage level when renewing my policy?

Usually, you can make changes to your coverage level at the time of renewal, though this is subject to the insurer's approval.

What happens if I don't renew my electric bike insurance policy?

If you do not renew your policy, your electric bike will not be covered, and you will be financially responsible for any damages or losses.

Does my electric bike insurance premium usually change upon renewal?

Your premium may change upon renewal based on factors such as your claims history and any changes to your risk profile.

When should I renew my electric bike insurance policy?

It is recommended that you begin the renewal process prior to your policy expiration. This will help to prevent a lapse in your insurance coverage.
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One of the latest entrants in the EV two-wheeler market, the Hero Vida was launched in 2022. A brand that needs no introduction, Hero launched Vida with the aim to completely change the EV two-wheeler sector. One of the highly efficient electric scooters that you can find in the market today, the Hero Vida comes with features such as:

  1. Combi brake system
  2. LED headlights and taillights
  3. Parking assist
  4. Emergency alert service
  5. Riding modes
  6. Fast charging

Due to the delicate nature of the build of this scooter, any damage or loss can financially set you back. Thus, you must get proper financial coverage for your Hero Vida. This can be done by purchasing Hero Vida electric insurance when you purchase your scooter. You are financially compensated for damages or losses that could arise due to accidents, calamities, fire or even theft.

Types of Plans for Hero Vida Electric Scooters

The types of plans you can buy for your Hero Vida electric scooter fall into two main categories. These are

Third-party Liability Insurance

Comprehensive Coverage

Of these, third party liability insurance for hero vida electric scooters protects you from financial liability in the event of an accident and injury to another person or their vehicle. So, whether you have an electric vehicle or a conventional fuel vehicle, you should at least have third party liability Hero Vida insurance.

On the other hand, comprehensive insurance for Hero Vida electric scooters is a more comprehensive type of insurance. Comprehensive insurance for Hero Vida electric scooters offers third party liability coverage as well as other coverages such as personal compensation coverage, personal accident coverage, etc. You may not be legally mandated to be covered under Hero Vida electric scooter insurance, but it may be useful to do so. This allows you to be more financially protected.

 

Please note that the inclusion of the comprehensive Hero Vida scooter insurance plan depends on what the insurance company offers and the details of the insurance that you, the policyholder, can choose. If you have a Hero Vida electric scooter, check your insurance policy details. Just as you need to be careful about what your policy covers, you need to be careful about exclusions.

Add-ons for Hero Vida Electric Scooter Insurance

Add-ons are a way to increase your insurance for Hero Vida electric scooter. Common add-ons are:

  • Key protector
  • Consumables
  • Theft or damage to personal property

These add-ons cannot be included in your plan if you have only purchased third-party Hero Vida insurance. If you want these additional covers for your Hero Vida e-bike, you must purchase comprehensive Hero Vida electric scooter insurance.

Why Choose Bajaj Allianz for Hero Vida Scooter Insurance?

Here are the reasons why you should choose Bajaj Allianz General Insurance, Hero Vida Insurance or any other e-bike or electric car insurance.

  • Reasonably-priced plans
  • Large list of add-ons
  • Fast and hassle-free claims process
  • Instant claim settlement

How to File a Claim for your Hero Vida Electric Scooter?

You can start the electric bike insurance claim process by choosing different methods provided by your insurance company.

The most common ways to file a claim are:

  • Dial the toll-free number provided by your insurance company.
  • Send an email to the official support email id.
  • Claim through the website.
  • Claim through the app.

Hero Vida insurance third party claims can be handled through an email channel dedicated to third-party liability claims.

The process of filing an e-bike insurance case is similar to filing an electric car insurance claim.