Hero Karizma Insurance

Hero MotorCorp launched a premium motorcycle, Hero Karizma, in May 2003. Since then, the model went through several cosmetic uplifts to suit a motorist’s needs. 

Owing to that, it has a combined sales record of 76 units from May 2018-March 2019. 

Nevertheless, Karizma owners must mandatorily possess bike insurance to secure their finances in times of repairing damages that may arise due to accidents. 

To that end, several reputed insurers like Digit offer Hero Karizma insurance at reasonable premiums. 

In this segment, you will find details on this commuter’s insurance, its benefits and the perks of obtaining a policy from Digit.

Insurance companies like Digit come with a list of benefits that cater precisely to your needs. 

Here are some offerings that can meet your insurance requirements:

1. Insurance Options - This insurer provides three insurance policies for your Hero commuter. They are as follows:

• Third-party Damages Cover - Under this scheme, you can avail of coverage benefits against third-party damages. This basic plan ensures you do not have any liability during accidents that result in damages caused to third-party persons, vehicles or properties. Further, you need not worry about litigation issues after obtaining this cover from Digit. 

• Own Damage Bike Cover - A third-party insurance for your Hero Karizma will not cover damages caused to it due to accidents and collisions. However, Digit’s standalone own damage bike cover offers additional protection for your Hero motorcycle as well. As a result, existing third-party policyholders can opt for this standalone policy anytime during their existing policy term. 

• Comprehensive Damage Cover - For overall coverage, including third-party and own damages, obtaining a comprehensive insurance policy from Digit is a must. This well-rounded insurance also comes with a number of other benefits.

1. Vast Network Garages - If your Hero bike suffers severe damages, you can get it repaired from one of the Digit authorised network garages. All in all, there are more than 2900 Digit network garages across India that offer a cashless facility. 

1. Cashless Repairs - Under this facility, you need not pay anything for Hero bike damage repairs, as your insurer will directly settle the amount with the repair centre. Note that this facility is only available for those who get services from Digit network bike garages. 

1. Simple Online Process - While applying for an insurance policy or raising a claim, policyholders expect a low turnaround time and simple procedure. In this regard, Digit settles claims within a few minutes owing to their smartphone-enabled processes. Thus, you can avail hassle-free application and claim process by choosing Hero Karizma insurance online from Digit. 

1. IDV Customisation - Your vehicle’s Insured Declared Value (IDV) reflects on the returns you can obtain in case of theft and irreparable damages. An insurer calculates this value by subtracting the vehicle’s depreciation from the selling price as per the manufacturer. Digit allows you to choose this value as per your requirement and maximise your returns in turn. 

1. Several Add-on Benefits - By obtaining a comprehensive Hero Karizma insurance policy from this insurer, you can get the option of choosing add-on policies. You can add these policies to your base plan by paying a little over your policy premium. Some of the add-on policies to choose from are consumable cover, return to invoice cover, breakdown assistance, zero-depreciation cover and more. 

1. Efficient Customer Service - While opting for Hero Karizma insurance renewal online, you might have queries or doubts that require immediate addressing. To that end, contacting Digit’s responsive customer support may be a viable option as they are available 24/7. 

Considering the aforementioned reasons, Digit can be your best bet as an insurance provider.

According to the Motor Vehicles Act, 1988, every vehicle owner must mandatorily possess at least a third-party insurance policy. Other than that, two-wheeler insurance comes with several lucrative benefits as follows:

• Avoid Legal Liabilities - As per the law, if you are driving without a valid insurance policy, you are liable to pay fines up to ₹2000 initially and ₹4000 for repeating the offence. Therefore, by obtaining insurance for your Hero commuter, you can avoid heavy penalties. 

• No Claim Bonus - During Hero Karizma insurance policy renewal, insurers provide discounts on your two-wheeler insurance premium for not raising frequent claims in a year within the tenure. This discount or No Claim Bonus ranges between 20% and 50% depending on your insurer. 

• Personal Accident Cover - Being a bike owner, you must factor in the instances of accidents during which a person suffers serious damages like permanent total disability and even death. As per the Insurance Regulatory and Development Authority of India (IRDAI), such individuals are liable to receive financial support under a personal accident cover. 

• Avoid Third-party Liability - Your Hero Karizma can cause damages to a third-party vehicle, person, or property during accidents and collisions. In such a scenario, your liability can increase if you do not obtain third-party insurance. 

• Covers Own Damage - An accident or collision can also cause damage to your Hero bike, leading to hefty repair costs. However, comprehensive insurance policies cover these costs and help you save expenses for the future. Further, comprehensive insurance provides coverage benefits for damages caused due to natural or artificial disasters, theft and more. 

Along with the above benefits, you can avail of other services depending on your insurer. In this regard, Digit can be an option that suits your insurance needs.

Before insuring your bike, you might want to know about some key specifications of this model:

1. Engine - Powered by an Air-Cooled, 4-Stroke Single-Cylinder OHC engine, this motorcycle’s engine offers a displacement of 223 cc. Another variant of this bike produces a displacement of 250 cc. 

1. Transmission and Gearbox - This bike is available in manual transmission and packs in a 5-speed gearbox. 

1. Safety - Some of the safety features incorporated in this commuter are analogue speedometer and tachometer, digital odometer, trip meter and fuel gauge, analogue and digital console, passenger footrest, step-up seat and more. 

1. Dimensions - The length, width and height of this model are 2080 mm, 805 mm, and 1190 mm, respectively. Further, it comes with a fuel capacity of 15 litres and a ground clearance of 145 mm. 

1. Electricals - This two-wheeler features a halogen bulb headlight, LED tail lights, turn signal lamps and more. 

However, it is important to obtain Hero Karizma insurance considering the risks and damages your bike might suffer. 

In this aspect, Digit insurance can be a desirable option.