Hyosung Bike Insurance

Hyosung motorcycles are known globally for their practical and budget-friendly designs. Hyosung Motors Co. Ltd, a subsidiary of Hyosung Group of Industries, offers a range of motorcycles in India. Owning a Hyosung bike means you need proper insurance to protect against unexpected incidents. Hyosung bike insurance can cover you financially in case of accidents, theft, or natural disasters. This way, you can keep your bike in top condition even if the unexpected happens.

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About Hyosung Bikes

Hyosung bikes began in 1978 as a division of a major South Korean conglomerate, initially producing bikes for Suzuki. Over the years, Hyosung became a leader in the South Korean market and expanded to 60 countries. Some of the popular bike models offered by the company in the Indian market include the Hyosung GT650R, Hyosung GD250R, Hyosung GD450 Prototype, and Hyosung GT300R.

Popular Hyosung Bike Models With Bike Insurance Price

Hyosung Bike Models (Registration 2024)	*Zero Dep Cover (Add-on Cover)**	*Estimated Hyosung Bike Insurance Price (1+5 Bundled Policy)**
Hyosung Aquila GV (250 cc)	₹ 240	₹ 7,580
Hyosung GT 250 R STD (249 cc)	₹ 240	₹ 7,580
Hyosung GV 250 STD (249 cc)	₹ 240	₹ 7,820
Hyosung GT 650N STD (647 cc)	₹ 240	₹ 15,342
Hyosung GV 650 Aquilla Pro (647 cc)	₹ 240	₹ 15,582

*Disclaimer: The cost of Hyosung bike insurance can vary between providers and is influenced by several factors. These include the registration year, location, Insured Declared Value (IDV), chosen add-ons, and specific details like the bike's make, model, variant, and ex-showroom price.

Hyosung Bike Insurance Calculator

You can estimate the insurance premium for your Hyosung bike using an online bike insurance calculator on Policybazaar.com. For an accurate quote, you'll need to provide details such as:

The bike's model, specifications, and variant
Year of registration and relevant RTO information
Current ex-showroom price
Any past insurance claim history, if applicable

Coverage Under Hyosung Insurance

Inclusions
Exclusions

Hyosung bike insurance typically includes and excludes the following:

Accidental damage coverage for both your Hyosung bike and third-party property/person.
Protection against natural calamities such as floods, heavy rainfall, and earthquakes.
Compensation for theft or complete/partial loss of the motorcycle.
Coverage for damage caused by fires or explosions.
Coverage for damages from unexpected events like collisions.
Protection from damages caused during civil unrest, including riots and vandalism.

Hyosung bike insurance typically includes and excludes the following:

Damages caused by intentional acts, negligence, or incidents related to war or nuclear hazards.
Claims will not be accepted if the rider is under the influence of alcohol or drugs.
Wear and tear, routine maintenance, and mechanical failures are not covered.
Incidents involving riders without a valid license or improper bike registration are excluded.
Claims will be rejected if the policy is no longer active.
Damages occurring outside the policy's geographical coverage are not included.

*Disclaimer: Review the policy's terms and conditions to understand its full coverage and exclusions. Coverage may vary based on your chosen plan.

How to Buy/Renew Hyosung Insurance Online?

Getting or renewing Hyosung bike insurance online is a hassle-free process that can save you time and effort. You can handle everything from selecting a policy to making payments with just a few clicks. Here's how you can do it on Policybazaar.com:

Step 1: Visit the Policybazaar website and go to the 'Bike Insurance' section under 'Insurance Products'.
Step 2: For renewals, enter your Hyosung's registration number. If it's a new bike, select the 'Bought a New Bike' option.
Step 3: Fill out the required form with accurate details and submit it.
Step 4: Review and compare quotes from different insurers to choose the most suitable coverage.
Step 5: Pick a policy type—comprehensive or third-party—and consider any additional options.
Step 6: Complete the payment online, and your policy will be emailed.

Hyosung Bike Insurance Add-ons

You can choose from several add-on covers to get better protection for your Hyosung bike. These extras can provide additional benefits beyond the standard policy. Here are some commonly selected add-ons:

Zero Depreciation Cover
Engine Protection Cover
Return-to-Invoice (RTI) Cover
No Claim Bonus (NCB) Protection
24/7 Roadside Assistance
Personal Accident Cover
Consumables Cover
Passenger Assistance Cover

Add-ons for your two wheeler insurance

How to Claim Hyosung Bike Insurance Online

Claiming insurance for your Hyosung bike is a straightforward process that can be completed online. Here's a step-by-step guide to help you:

Step 1: Report the incident to your insurer immediately after an accident or damage.
Step 2: An insurance surveyor will be assigned to inspect your bike's condition.
Step 3: The surveyor will submit a detailed assessment to the insurance company.
Step 4: Provide the required paperwork, including ID, a completed claim form, and your policy details.
Step 5: Once approved, visit an authorised garage for cashless repairs.
Step 6: If using a non-authorised garage, pay upfront and apply for reimbursement, which will be transferred to your bank account.

Documents Needed to File Hyosung Insurance Claims

To claim your Hyosung bike insurance, ensure you have the following documents ready:

Valid driving licence
Original insurance policy document
Bike's Registration Certificate (RC)
Signed and completed claim form
Photos of the damage
Police report or FIR, if required
Repair cost estimate
Invoice for any completed repairs, if applicable
No Objection Certificate (NOC) from the financier, if needed

Hyosung Insurance FAQs

Q. Are Hyosung bikes available in India?

Ans: Yes, Hyosung bikes are available in India through authorised dealerships. They offer a limited selection of models suited for enthusiasts and commuters.
Q. Is the Hyosung GT250R worth buying?

Ans: The Hyosung GT250R offers decent performance and sporty styling, but other bikes in its segment may provide better value for money.
Q. Which is the lowest price bike of Hyosung in India?

Ans: The Hyosung Aquila 250 is considered an affordable model available in India.
Q. What is the insurance amount for a Hyosung bike?

Ans: The insurance cost for a Hyosung bike varies based on the model, year of registration, and chosen coverage, starting from around ₹7,500 annually for basic plans.
Q. How is Hyosung bike insurance calculated?

Ans: Insurance for a Hyosung bike is calculated using factors like the bike’s model, registration year, Insured Declared Value (IDV), location, and selected add-ons.

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Written By: PolicyBazaar

Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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