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Hyosung is a Korean brand of motorcycles. This brand is owned by S&T Motors. In India, the brand has partnered with Garware Motors to cater to the middleweight motorcycle industry. They are planning to expand their offerings soon.
Indian bike enthusiasts can choose from four appealing Hyosung models. They come in the range of Rs. 3 to 6 lakhs. Whether you choose a 3-lakh bike or a 6-lakh bike, it is mandatory to choose Hyosung bike insurance. Read ahead to know more about Hyosung bike insurance in India.
Buying or renewing bike insurance is no longer difficult. You can buy/renew Hyosung bike insurance easily thanks to the digitization of the industry. Earlier, you had to seek the help of an agent or an insurance company’s employee to buy bike insurance. But that is not the case anymore. Nowadays, you can buy/renew Hyosung bike insurance from the comfort of your home from your smartphone by visiting your preferred insurance company’s website.
As the name suggests, this policy insures the policyholder against damages to third parties and their property. It is a compulsory policy as per law. Therefore, you must ensure that such a policy is always active while you are riding your Hyosung bike.
This type of insurance is an advanced way of insuring your bike. This not only includes the third-party cover but also offers an Own Damage cover. This means your bike will be insured against third-party liabilities as well as damage to the bike due to fire, theft, calamities, etc.
There are two prominent reasons why you should insure your Hyosung bike. First, you need to insure your bike as it is mandatory to do so as per The Motor Vehicles Act. The other reason to insure your bike is the Own Damage cover, which comes with a Comprehensive bike insurance policy. With this cover, your Hyosung bike will be insured if it faces damages due to fire or calamities and will be insured against theft.
Bike insurance comes with an expiry date. This means you need to renew your Hyosung two-wheeler insurance policy to ensure that the coverage offered by it is valid. You have two options when it comes to renewing Hyosung bike insurance: the offline process and the online process.
As per this process, you will have to renew your Hyosung’s bike policy by filling forms and meeting an agent or an employee of the insurance company. Bike dealers also act as insurance agents and you can renew your bike policy from them as well. The offline process can be time consuming and inconvenient.
This option is both quick and convenient. In certain cases, it can be less expensive as well. In the online bike insurance renewal process, you have to visit the website of your preferred bike insurance company and renew the policy by following the mentioned steps.
You can choose to buy Add-on covers with your Comprehensive policy to enhance the insurance coverage of your Hyosung bike. Add-on covers increase your bike insurance premium but they also increase the cover. Listed below are some popular Add-ons you can choose for your Hyosung bike.
While settling claims, insurers consider the bike’s depreciation value as well. However, with a Zero Depreciation Add-on, the insurance company will not consider the depreciation amount while settling claims.
You can choose this cover if you often have a pillion rider seated behind your Hyosung bike. Such a cover is like the Personal Accident cover but for the pillion rider.
In case of a total loss, insurers offer the policyholder the Insured Declared Value (IDV) of the bike. This value is lower than the invoice value. However, with an Invoice Protection Add-on, you shall receive the invoice value of the bike in case of a total loss.
This stands for No Claim Bonus protection. Such an Add-on ensures that your No Claim Bonus stays valid even in the situation where you have to raise a claim or two during the policy period.
This Add-on offers an extra layer of insurance when it comes to matters pertaining to the bike’s engine. It can be best suited for people residing in a flood-prone area.
Whether it is a third-party claim or an own-damage claim, first and foremost you need to inform your two wheeler insurance company about it. They will tell you the step-by-step process to raise a claim. If you have an online insurer, you can register a claim by visiting their website as well. If there is an accident or bike theft, you will have to file an FIR with the police. In most cases, the insurance company will appoint a surveyor, you must comply with the officer and be patient. The claim will be settled by payment made through cheque or bank transfer.
Here’s a list of models manufactured by Hyosung in India.
|Price Range (Rs.)
|73.68 PS@ 9000 rpm
|28.38 PS @ 10000 rpm
|Hyosung Aquila Pro
|75.02 PS @ 9000 rpm
|Hyosung Aquila 250
|Aquila 250 Standard
|26.57 PS @ 9500 rpm
Reasons to buy Hyosung Bike Insurance from Acko
Instant policy issuance.
Cashless claims via a wide network of garages.
Instant claim settlement feature for minor damages.
Convenient claims process.
Acko Bike Insurance Coverage Details
Third-party Liabilities (Third-party Cover and Comprehensive Cover)
Basic Personal Accident Cover (Third-party Cover and Comprehensive Cover)
Own Damage (Comprehensive Cover)
Calamities (Comprehensive Cover)
Here’s a list of generic exclusions:
Riding a bike in an intoxicated state
Bike damage when the policy is inactive
Bike riding with an expired or an illegal driving license
This is how you can use a bike insurance premium calculator on Acko.com.
Step 1 – Visit ACKO Website
Step 2 – Choose the bike model
Step 3 – Choose the purchase year of your bike
Step 4 – Choose if your current policy is active
Step 5 – Select View Prices
Step 6 – Choose a plan
Step 7 – Make payment
Step 8 – Download the policy
Here’s a list of best-selling Hyosung models:
Here’s a list of top-selling Hyosung model variants:
Aquila 250 Standard
You have the option to choose your Hyosung’s insured declared value from a range if you are purchasing your policy online. It is commonly understood as the market value of your bike, however, it is not to be mistaken with the bike’s resale value.
You can be penalized or imprisoned for riding an uninsured Hyosung bike.
No, Add-ons cannot be purchased with a basic liability policy.
Installing a certified anti-theft device has the potential to reduce your bike insurance premium.
Yes, it is possible to purchase multiple Add-ons.
Yes, it is possible to renew Hyosung bike insurance from a different insurer while renewing the policy.