Acko Bike Insurance: Is ACKO Good For Bike Insurance? Acko General Insurance is a new insurance provider that provides all of its plans digitally. It was founded in 2016 and granted an IRDAI licence in 2017. It follows an online-driven market and offers every service digitally.
Instead of providing a multifaceted product, it has expanded its boundaries in a more inventive manner. Among the retail services provided by Acko General Insurance are Bike Insurance, Car Insurance, In-Trip Domestic Insurance, and Mobile Insurance.
The business offers bike insurance, along with a number of other products, and has teamed with Ola taxis to introduce an in-trip insurance programme. It is a well-considered approach to offer comfort to individuals using cabs and coping with numerous difficulties along the way.
Acko Bike Insurance
Buying insurance for a two-wheeler is an easy and quick method to safeguard yourself against the risks associated with operating one. The three primary forms of insurance offered in India are third-party insurance, standalone own-damage insurance, and comprehensive policies. All three are supplied by Acko General Insurance. The Motor Vehicles Act of 1988 mandates that all two-wheelers in India be covered by third party insurance. If you are found to be without this insurance, you could be fined Rs 2,000 and/or put in jail for up to 3 months.
To increase the range of your two-wheeler insurance policy’s service, you can buy an add-on cover. These are optional coverage options that you can select and exclude from your insurance as needed to suit your individual needs.
Inexpensive rates, a computerized door-to-door claim process, and prompt claim resolution are all offered by Acko General Insurance. On every own-damage plan, they also provide a no-claim bonus for years without a claim. This award is cumulative in nature.Acko Bike InsuranceAcko Bike Insurance
Significant Points of Acko Bike Insurance
|Third Party Insurance Property Damage||Up to Rs 1 Lakh|
|Own Damage Cover||Dependent on the IDV of the Two-Wheeler|
|Personal Accident Cover||Up to Rs 15 Lakh|
|Assistance for Claim Procedure||Available 24×7|
Benefits of Acko Bike Insurance
- A strong network of 2,000+ garages
- 24×7 emergency assistance is available
- Availability of digital insurance process
- Instant online insurance renewal process
- Allow its customers to make unlimited claims.
What is covered in ACKO’s two wheeler insurance policy?
Here’s the list of events covered under two-wheeler insurance (Third-party and Comprehensive Bike Policy). Note that this is an overview; please check out.
✅ Third-party losses/liabilities: Damage to another person’s vehicle or property and injuries or death of a third party caused due to your two-wheeler.
✅ Accidental damages: Damages caused to your vehicle due to accidents.
✅ Fire disasters: Damages to your two-wheeler due to fire explosion, self-ignition, lightning, etc.
✅ Natural disasters: Damages due to events such as floods, cyclones, earthquakes, etc.
✅ Man-made disasters: Damages to the insured vehicle due to incidents like riots, protests, terrorist activities, etc.
✅ Vehicle theft/total loss: Financial loss due to vehicle theft or total loss. For instance, if your bike/scooter gets stolen, and concerned authorities are unable to trace it.
Types of two-wheeler insurance plans available at ACKO
1. Third-party Bike Insurance Plan
In India, having third-party bike insurance is required by law. It offers protection against third-party liability. In other words, the insurance offers financial security if your car causes property or vehicle damage to someone else, or if it injures or kills someone else in an accident.
2. Comprehensive Bike Insurance Plan
All of the protection provided by the Third-party Plan is included in the Comprehensive Bike Policy, along with covering for losses or damages to your two-wheeler. Bike theft, fire damage, natural catastrophes (floods, earthquakes, etc.).
3. Personal Accident (PA) Cover
This might technically not qualify as a type of plan but it is an essential cover. Similar to the third-party policy, Personal Accident cover is mandatory as per law. While the insurance for the bike provides coverage against your vehicle, the PA cover offers financial protection against events such as disability.
Why choose ACKO for online bike insurance?
There is more than one reason why you should buy online insurance for bikes from us. Here’s the compilation of the same. Please note that the following points are subject to changes.
You pay a lower premium thanks to our direct-to-consumer model. You need not pay middlemen commissions, thus, your bike insurance price remains low.
With 100% digital transactions, you get your policy instantly. Whether you are buying a new policy or are on our platform for two-wheeler insurance online renewal, the process is quick, simple, and instant.
If purchasing or renewing the policy is easy, raising a claim request is even easier. Log in to your account by scrolling up, click the “Claim Now” button, answer the simple questions, upload pictures, and click “Submit”. We will take care of the rest.
Instant claim settlements
Dropped your bike and ended up with a broken mirror? Fret not; we settle such claims instantly (within 2 hours). In case of significant damages, we try our best to settle the claims.
If the low premiums and additional discounts don’t excite you, we have more to offer! You can save more by opting for a long-term plan. Buying multi-year two wheeler insurance from.
We offer a one-stop solution for all motorbike insurance-related services. You can buy, renew, track claims and get a free two-wheeler insurance quote in one place!
24×7 customer support
Our customer support team works round the clock. Give us a call at 1800 266 2256 or write to firstname.lastname@example.org to get answers to your queries about your policy, claims, and more.
Over 7.5 crore customers have trusted ACKO for their insurance needs and experienced hassle-free insurance services.
Our digital platforms (website/app) enable you to choose the right coverage, check the premium and get an instant online policy via email without tedious paperwork.
Is ACKO Good For Bike Insurance?
ACKO is one of India’s best two-wheeler insurance companies thanks to our low-premium plans, zero commission model, and smooth claim settlement process.