Acko Bike Insurance

Benefits of ACKO Bike Insurance

• Cashless Claims

ACKO Bike Insurance lets you enjoy a cashless facility at your nearest network garage.

• Zero Paperwork

As no paperwork is required, you don’t have to worry about gathering documents for getting your bike insured through Finserv MARKETS.

• Hassle-Free Repair

Repairs with ACKO are both easy and quick. Just give them a call or file a claim online and experience speedy cashless claim settlements.

• Affordable Premium

Offering incredibly low premiums, ACKO Bike Insurance available online is designed to fit your requirements and your budget too!

• Instant Policy Issuance

Your ACKO Bike Insurance policy is issued once your online process is complete, in no time!

• Stress-free Claim Settlement

ACKO’s dedicated claims team ensures that you enjoy hassle-free claims, and don’t face any issues during times of trouble.

• Easy & Convenient

Finserv MARKETS along with ACKO, understand that buying bike insurance need not be a troublesome process. You can buy your policy at your convenience, with a completely digitally-driven process.

Types of Plans Offered by ACKO

ACKO General Insurance offers two types of two-wheeler insurance plans, Third-Party Bike Insurance & Comprehensive Bike Insurance. Both the plans are designed to meet your specific needs and you can pick the plan of your choice.

1. Third Party Bike Insurance

ACKO Third Party Bike Insurance is one of the most basic insurance covers for a bike. This plan is designed to cover the damages caused by your two-wheeler to a third-party vehicle or property. For example, if you were to crash into someone’s wall while riding your bike, the expenses incurred for the repairs are covered under the ACKO Third-Party Bike Insurance plan.

Moreover, having a third-party bike Insurance plan is mandatory for riding on Indian roads as per the Motor Vehicles Act, failing which you are liable to pay a penalty of ₹2000 or even face imprisonment. This makes the ACKO Third-Party Bike Insurance your bike’s true on-road companion.

Product Name: Liability Only Policy - Two-Wheeler, UIN: IRDAN157P0002V01201718

2. Comprehensive Bike Insurance

Although third-party bike insurance cover is important, it may not be enough as the damage caused to your own vehicle cannot be neglected. In case of an unfortunate accident, which causes damage to both the party’s property, it is important to have a plan that offers maximum protection. ACKO’s comprehensive plan helps you get just that!

Apart from third-party liabilities, this plan offers Own Damage cover that takes care of bike theft, accidental damage, calamities, fire, etc. affecting your vehicle. Although not mandated by law, it is recommended to go for a comprehensive bike insurance plan for its extensive protection.

Product Name: Two-Wheeler Package Policy, UIN: IRDAN157P0002V01201819

Why Choose ACKO Bike Insurance on Finserv MARKETS?

Here's what makes it an ideal choice for your bike, when it comes to financial security:

• Reliable Insurer

ACKO is one of the most trusted insurers in the market. It’s time to make the most of the extensive benefits of ACKO Bike Insurance plans on Finserv MARKETS.

• Zero Paperwork

The buying journey for ACKO Bike Insurance online on Finserv MARKETS requires no paperwork, so you don’t have to get involved in complex documentation.

• 100% Online Process

Getting your ACKO Bike Insurance online on Finserv MARKETS hardly takes any time. Just a few minutes and you’re done!

What's not Covered in ACKO Bike Insurance

• Non-Accidental Damage

ACKO Bike Insurance does not offer financial protection for damages that may be incurred due to non-accidental incidents like breakdowns, failures, wear and tear of a bike, and deductibles. The cover also excludes the consequential damages that arise out of bike accidents.

• Illegal Riding

If you ride under the influence of alcohol or any illegal substance, or without valid documents like a valid driving licence, you are not covered under the ACKO Two-Wheeler Insurance plan.

• Damage to Bike Parts

Damage to the tyres, engine or tube, unless due to an accident are not covered under the policy.

• Outside Geographical Boundaries

ACKO Insurance for bikes does not cover the damages caused outside the geographical boundaries of India.

• Inactive Policy

In case your policy has lapsed or is inactive during the damage, ACKO Two-Wheeler Insurance does not cover the expenses.

Enhance your Plan with Customized Add-on Covers

Accidents can never be predicted! And, unfortunate events like these could attract unwanted financial burdens. While a bike insurance plan covers you for such accidental damages, sometimes a basic cover may not be enough to cushion the blow. Even a comprehensive plan may fall short to cover specific financial liabilities. Here’s where the add-on covers available with the ACKO Bike Insurance plan come into picture. These covers act as an additional protection to enhance your financial coverage, so you are prepared for any uncertainty.

• Zero Depreciation

A bike’s value decreases with time due to typical wear and tear, owing to which insurers deduct a depreciation charge on the complete claim amount, during claim settlement. Zero depreciation cover offered along with ACKO Bike Insurance’s comprehensive plan, prevents this deduction, so you can avail maximum coverage. It not only helps you avoid the depreciation cost, but also takes care of replacing the parts and repair of your insured bike.

Two-Wheeler Package Policy - Add-ons: Zero Depreciation, UIN: IRDAN157RP0002V01201819/A0010V01201920

• Roadside Assistance

The Roadside Assistance add-on cover offered with ACKO Bike Insurance proves highly beneficial if you get stuck on the road: be it a breakdown, flat tyre, empty fuel tanks or dead battery. With this cover in place, you need not worry about on-road emergencies.

Two-Wheeler Package Policy - Add-ons: Roadside Assistance, UIN: IRDAN157RP0002V01201819/A0011V01201920

• Engine Protect

ACKO understands the importance of a well-functioning engine. And, with its Bike Engine Protection add-on, it ensures that you are covered in case of any damage to the engine of your bike. This way, you don’t have to bear the cost of repair/replacement of an engine while your bike's damages are taken care of by the insurance plan.

Two-Wheeler Package Policy - Add-ons: Engine Protect, UIN: IRDAN157RP0002V01201819/A0017V01201920

How to Claim ACKO Bike Insurance

The customer-friendly approach followed by ACKO General Insurance Ltd. makes the claim process convenient, hassle-free and seamless. And, with Finserv MARKETS at your assistance, you can get in touch with the insurer quickly for your ACKO bike insurance claim process! All you need to do is follow a few steps.

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