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Bike Insurance - Pillar

Disclaimer:

Two-Wheeler insurance is subject to policy terms, conditions, exclusions and underwriting guidelines.

Premium: The premium mentioned is excluding taxes for the private two-wheeler model TVS Jupiter with cubic capacity of less than 110 cc for a 1-year Own Damage insurance policy for an IDV of Rs. 31,204. Premium used is Rs. 213/year as of 12th June, 2026 and then converted into a per month basis, which gives us Rs. 18/month (213/12). 

Discount: The applicable discount on premium is determined based on various risk factors, including the vehicle’s Make, Model, NCB status, RTO location where vehicle is registered, vehicle age and IDV (insured declared value). These discounts are derived from rates outlined in the erstwhile Indian Motor Tariff and applied only to the Own Damage (OD) component of the policy. 

Any savings or discounts are limited to the Own Damage portion of motor insurance. The final discount amount may be revised upon submission of complete vehicle and risk related information.

8 Crore+ Policyholders: Figures are applicable to FY 2025–26. The numbers include Health, Personal Accident, Overseas Travel, and Domestic Travel.

Applicable UINs:

Two-Wheeler Package Policy: IRDAN103RP0011V02100001

IndusInd Two Wheeler Policy – Bundled: IRDAN103RP0003V04202425

IndusInd Two Wheeler Policy-  Stand-alone Own Damage: IRDAN103RPMT0024V02202425

IndusInd Two Wheeler Package Policy – 5 years: IRDAN103RPMT0054V02202425

Long Term Two Wheeler Package Policy: IRDAN103RP0001V01201718

“A” Policy for Act Liability Insurance (Two Wheeler): IRDAN103RP0003V01200102

For detailed disclosures, please refer to the Two-Wheeler Insurance Disclaimer page.

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Frequently Asked Questions (FAQs)

Which is the best two-wheeler insurance policy for my Hero Glamour?

There is no single policy that can be considered the best. Whichever policy suits your budget and requirements is considered the best. The simplest way to find an insurance policy for your bike is to buy it online. Make sure to compare the different aspects of a policy to find the one for you. Also, there are certain things that you must check before finalising your two-wheeler insurance policy. They are customer service reviews, claim settlement ratio, exclusions, network garages and the terms and conditions of the policy.

Which insurance plan is best, a single-year or long-term insurance plan?

A long-term insurance plan is generally best for your Hero Glamour bike as it offers convenience and reliability. By buying a long-term insurance plan, you can save on premiums, eliminating the hassle of yearly renewals and paperwork. Also, it helps avoid coverage gaps, as you are insured for a long period.

Can I buy insurance for my second-hand Hero Glamour?

Yes, as per the Motor Vehicles Act of 1988, every two-wheeler must buy third-party insurance in India. So, you must purchase this policy for your bike even if it is second-hand. In case you are found using your second-hand bike without insurance, you can be fined ₹2000 or imprisoned for up to 3 months. The third-party insurance takes care of your third-party liabilities in the event of a mishap involving your bike, including death, property damage or bodily injuries.

Is it possible to cancel the insurance in the middle of the policy period?

No, you cannot cancel the insurance policy in between! There is no such provision for cancelling your policy in the middle of its period. Also, there is no sense in cancelling your insurance policy as it may attract a penalty.

What do you mean by IDV in Hero Glamour Insurance?

The IDV is an acronym for Insured Declared Value. It is the maximum amount that you can claim if your Hero Glamour is damaged or stolen. If your IDV is high, the premium will also be higher and vice versa.

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