A GUIDE TO HCSL INSURANCE

Hero Corporate Service Private Limited-insurance distribution is a leading general insurance service provider in India. It has started its operation in 2004. Products and services are easy to reach with the ultra-modern technology. It’s majorly known to be one of the biggest two wheeler insurance intermediaries in India. HCSL offers one year and two year comprehensive policy for two wheeler insurance seekers. It also provides long term two wheeler insurance plans for 3 years with range of benefits for all types of two wheeler brands. Salient Features of HCSL Two wheeler Insurance  Cashless claim settlement at authorised network garages across Indiarn Reasonable cost for innovative coveragern Quick and stress-free settlement of claimsrn Helpline for round the clock claim assistancern Cushion against changing rate of third party liability insurance premium (applicable for a long-term plan)  Any time online renewal facility (even after the date of expiry)  A complete package with the coverage for third party liability, coverage for own vehicle and accidental coverage for owner driver and the pillion rider. Policy Inclusions  Any loss or damage to your two wheeler due to manmade reasons like theft, burglary, riot, strike, malicious act, terrorist activity, accident by external means, damage during transit by road, rail, lift, inland waterway, air or elevator.  Any loss or damage to your two wheeler due to natural calamities like earthquake, explosion, fire, lightning, self-ignition, typhoon, flood, hurricane, inundation, tempest, hailstorm, cyclone, frost, rockslide and landslide.  Personal accidental cover for owner driver worth Rs.1 lakh: It gives you a protection in the event of accident while driving. It compensates for the situation where in the insured bike rider mounts or dismounts from the vehicle while travelling. Coverage includes death of the insured and bodily injury suffered. Personal accidental cover is also available for co-passenger as an optional feature.  Third party liability cover: Every bike rider must have this cover as it’s compulsory by Indian law as per the Motor Vehicle Act, 1988. This particular cover protects you against your legal liability towards third party in an accident. If the accident occurs and you are found to be guilty, then the third party can claim for the loss or damage. Coverage includes bodily injury or death of the third party and damage caused to third party property. Policy Exclusions  Wear and tearrn Vehicle ageingrn Mechanical or electrical breakdownrn Consequential lossrn Driving under the influence of intoxifieng substances like alcohol and drugsrn Driving without a valid driving licensern Violating the usage guidelines by the vehicle manufacturerrn Loss or damage due to intentional and deliberate actrn Contractual liabilityrn Damage or loss due to war or nuclear risk Value Add-ons Here are some of the riders or add-ons to enhance the coverage. These riders are available at a nominal additional premium.  Return to Invoice cover: A gap between the original invoice value and the insured declared value of your two wheeler is covered here. This rider offered by HCSL insurance gives you a protection against a total loss suffered by your bike. If the two wheeler gets stolen or totally damaged in an accident, you can claim a compensation for the financial loss.  Zero depreciation cover: Normally, when you make a claim for the repair or replacement of vehicle, part of the compensation is paid only to the extent of depreciated value of the vehicle. This results in more out-of-pocket cost during the claim. Nil or zero depreciation cover helps you to get the full settlement of the claim without factoring in the depreciation. Coverage is available up to three years from the commencement date of the policy. Long term Two wheeler Insurance HCSL offers long term insurance plan of 3 years for your bike. This reduces the hassle of renewing the policy every year. It also gives benefit of keeping the third party insurance premium part unchanged for the policy term. It offers you to make subsequent renewals with no claim bonus discount. If there is any claim, you will not completely loose the no claim bonus as the policy offers proportional refund.