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ACKO bike insurance is a policy for two wheelers such as bikes, motorcycles, mopeds and scooters to provide financial cover against third-party liabilities, damage due to accident, fire, natural calamities, theft as well as injuries to the owner.
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Plans starting at INR 555
Plans starting at INR 555
Among key features of an ACKO bike insurance include:
Acko Bike Insurance
Prices starting from
INR 555 onwards*
No Claim Bonus Benefit
Instant claim settlement process for minor claims and free pick up and drop services (in selected cities)
On Acko’s secure website
The ACKO bike insurance policy does not apply in the following circumstances:
ACKO bike insurance offers add-ons that provide additional coverage. These include:
This cover is most suitable for insurance taken for a new bike. With this protection, you do not take a cut in the depreciation value of your bike due to wear and tear that occurs with time, instead you get the full value of your bike repairs.
This add-on helps the user get access to 24×7 emergency roadside assistance such as towing services during bike breakdowns.
This cover allows the policyholder to save on expenses incurred for replacing a lost, stolen, or damaged key and replace a lock, whenever needed.
This cover offers protection against accidents or breakdowns outside a 100-km radius of your residence. If the repair time exceeds 12 hours, policyholders can claim a reimbursement amount depending on the terms and conditions mentioned in their policy.
This add-on offers protection from expenses incurred on consumables such as engine oil, gearbox oil, lubricants, nut and bolt, screw, etc during an accident. All ACKO’s bike insurance plans barring the third-party plan include this coverage at no additional charge.
This cover protects the policyholder against losses caused due to a damaged bike engine.
This cover helps you retain your no claim bonus discount intact despite making a claim. Usually, once a claim is raised, the NCB nullifies. This cover ensures you can enjoy the NCB discount.
This cover helps you claim the entire cost detailed in your bike’s invoice whenever an incident of theft happens or your bike gets damaged beyond repair. This amount would include your bike registration cost and road tax too.
This cover helps you provide financial protection to your loved ones in case of an accident leading to permanent disability or death. Under this cover, you can get access to a coverage amount of up to INR 1 lakh per passenger. The Indian government mandates owning a personal accident cover when a third-party insurance plan is opted for by the policyholder.
Two kinds of insurance policies are available by ACKO:
This kind of an insurance plan is a mandatory requirement to ride on Indian roads. It helps the insurance holder to avail financial protection against any accidental damage due to someone else’s vehicle or property or injure someone in an accident and even death of another individual. To avail protection against damages or losses to your own bike, you may need to buy a comprehensive bike insurance plan since the third-party policy solely protects the third party.
This kind of policy is an addition to the third-party bike insurance plan and allows financial protection against damages to one’s bike in case of an accident, theft, fire, riots, strikes and natural calamities such as floods, earthquakes.
ACKO offers an all-digital policy purchase and payment facility.
To renew an ACKO bike insurance policy, you need to follow these steps:
Documents needed to buy a bike insurance policy online include:
To renew your bike insurance, you need the following documents:
In case of transferring your bike insurance policy from one insurance company to another, you’ll need the below:
Acko Bike Insurance
Prices starting from
INR 555 onwards*
No Claim Bonus Benefit
Instant claim settlement process for minor claims and free pick up and drop services (in selected cities)
On Acko’s secure website
You can raise a claim by visiting the ACKO website or calling the company’s customer service. The policyholder is expected to provide details such as the below at the time of raising a claim:
In case of an accident where you have caused the damage, follow the process:
The ACKO bike insurance was reviewed on the basis of five main factors:
ACKO is an apt choice if you are looking for a comprehensive bike insurance policy coverage along with multiple add-ons riders. It also has a good record of claim settlement with its simple, smooth and hassle-free process.
ACKO is a new-age digital insurance platform which issues the policy within minutes and without any paperwork. It gives no stress even at the time of claim settlement, as the whole process can be finished digitally and within a few days. ACKO offers low-cost premium plans with great coverage and easy claims experience.
Yes. You can avail the benefits of add-on with its comprehensive or standalone own damage bike insurance policy. ACKO bike insurance offers add-ons such as:
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Aashika is the India Editor for Forbes Advisor. Her 15-year business and finance journalism stint has led her to report, write, edit and lead teams covering public investing, private investing and personal investing both in India and overseas. She has previously worked at CNBC-TV18, Thomson Reuters, The Economic Times and Entrepreneur.
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