ACKO Two Wheeler Insurance
ACKO offers two types of two-wheeler insurance policies at attractive premiums. The process to purchase an insurance policy is simple and can be completed online. No documents and inspections are required to purchase a policy from ACKO.
Different Types of Two-Wheeler Insurance Policies Offered by ACKO
The different types of two-wheeler insurance policies that are offered by ACKO are mentioned below:
Comprehensive Bike Insurance Plan
Apart from everything that is covered under a third-party insurance policy, the comprehensive bike insurance plan offered by the company covers any damages or losses to your bike in the case of strikes, riots, earthquakes, floods, fire, theft, or an accident.
Third-Party Bike Insurance Plan
It is mandatory to have third-party bike insurance in India. Under the policy, protection is provided against any financial liability in case you injure someone or damage his/her property or vehicle in an accident. No cover is provided for your bike under this policy.
Personal Accident Cover
Personal accident cover provides additional coverage to your current bike insurance plan. The normal bike insurance plan covers the damage caused to your bike, the personal accident cover offers financial security in case of death or disability while travelling with your two-wheeler.
Features of ACKO's Two-Wheeler Insurance
The main features of the two-wheeler insurance policy that is offered by ACKO are mentioned below:
Features | Benefits provided by Acko |
Purchasing and renewal process | Instant issuance of policy and digital documentation process |
Claim settlement procedure | Paperless, hassle-free, convenient, easy, and instant claim settlement process |
Claim settlement ratio | 95% for 2020-21 |
Personal accident cover | Coverage of up to Rs.15 lakh |
Personal damage cover | Available under two-wheeler insurance |
Third party coverage | Covered |
Premium amount | Starting from Rs.499 |
Benefits of ACKO's Two-Wheeler Insurance
The main benefits of the two-wheeler insurance policy that is offered by ACKO are mentioned below:
- No Paperwork: There is zero paperwork while applying for the two-wheeler insurance in Acko.
- Cashless Claims: Acko two-wheeler insurance provides a cashless claim facility at the network garage.
- Pocket-Friendly Premium: The customers can pay affordable premiums online which was specifically designed according to their budget.
- Easy Repair: On Acko, you can call and file a claim and enjoy fast cashless claim settlements in no time. This way you can easily repair your bike.
- Instant Policy Issuance: The policyholders will get the Acko bike insurance policy immediately after completing the online process.
ACKO Two-Wheeler Insurance Add-On Covers
The add-on covers that are offered by ACKO for its bike insurance policies are mentioned below:
- Consumables Cover
- Bike Engine Protect
- Outstation Emergency Cover
- Key Protect
- Roadside Assistance Cover
- Personal Belongings - Damage/Theft
- Zero Depreciation
- Emergency cover for outstation travel
ACKO Two-Wheeler Insurance Exclusions
Some of the exclusions of the two-wheeler insurance policy offered by ACKO are mentioned below:
- Cover is not provided in the case of tube ortyrepunctures. However, in case the bike is damaged, 50% of the replacement/repair cost will be provided.
- Cover is not provided in case the damages have occurred outside the geographical boundaries of India.
- Cover will not be provided in case the vehicle has been used for illegal purposes.
- Cover will not be provided in case you don't own the vehicle.
- Cover will not be provided in case your license has expired at the time of the accident.
- No cover will be provided in the case of wear and tear of parts.
- Claims cannot be raised in case the insurance policy has expired.
- Claims cannot be raised in case damages have been caused during war.
- Claims cannot be raised in case the accident has occurred when you are under the influence of intoxicating drugs or alcohol.
FAQs on ACKO Two-Wheeler Insurance
- How to download the ACKO bike insurance policy online?
You can log in to your account or the app to download the two-wheeler policy online. Click on the policy card after logging in and view your download your policy.
- Can I purchase ACKO two-wheeler insurance online?
Yes, you can purchase two-wheeler insurance online by visiting the official website of ACKO.
- When I renew my current bike insurance policy, can I choose a different insurance plan?
Yes, you have the option to choose a different insurance plan when renewing.
- Can I buy bike insurance and choose to have only Own Damage coverage for my bike?
No, it is not possible to have only Own Damage coverage. In India, having a third-party policy is a must regardless of the kind of vehicle you drive. Both covers must be purchased.
- Is it possible for me to purchase a bike insurance policy with my preferred IDV in mind
Yes, ACKO two-wheeler insurance provides the option to modify the IDV to fit your preferences. However, remember that it is important to set the correct IDV because it determines the policy's total insured amount. If it is set too low, the premium may be lower, but in the event of a total loss, the claim amount will be reduced. Likewise, if you set it too high, the premium will go up.
- Does engine repair get covered by bike insurance?
The engine repair expenses will be covered by the insurance plan if you have the Engine Protect add-on for Comprehensive or Own Damage bike insurance. However, keep in mind that the engine cover add-on depends on availability.
- What does bike insurance endorsement mean?
Modifying the policyholder's personal information or the terms and conditions of the policy is referred to as bike insurance endorsement. Through endorsement of the policy, the name, date of birth, and address can be updated. In contrast to a non-premium-bearing endorsement, which requires no additional premium payment, a premium-bearing endorsement requires payment of an additional premium.
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