Here’s what Honda’s Recently Inked MoU with HDFC Ergo Insurance means for you

Honda has been attempting to make buying two-wheelers an easy task by chalking down various collaborations with banks. This festive season though they are trying to make owning one easier. The manufacturer has today signed a Memorandum of Understanding with HDFC Ergo making them the preferred insurance partner for Honda two-wheelers. The latter is one of the country’s leading private sector player in the market.

India, as a country, lacks way behind when it comes to awareness about vehicle insurance. In fact, a large portion of vehicles on the roads are commuting without any insurance cover. A government mandate necessitates having insurance but due to hassles involved in regular renewals, folks have often been found to turn a blind eye towards it.

Honda enters into national 2Wheeler insurance tie-up with HDFC ERGO General Insurance Company

Here are some key factors from the recently announced tie-up:

  • Folks can now enjoy 40 percent savings on insurance premium
  • Near cashless settlement at more than 4,650 Honda network outlets
  • Unique benefit of unlimited claim settlement in insured period with optional zero depreciation benefit
  • Completely digital interface for all claim settlements across India
  • Fast turn-around time of just 3 days and easy monitoring of claim settlement status on app

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Thanks to the recent government mandate, HDFC Ergo now also offers long term two-wheeler insurance cover for up to 2 to 3 years. A strong online support and an interactive mobile application will further help in easing the process for end consumers.