Acko Bike Insurance Renewal

The number of road accidents in India has been on a constant rise. With the exponential increase in such accident rates, every bike owner is worried about the financial toll an accident might bring in his life. This has made bike insurance extremely essential. Moreover, the enhanced Motor Vehicle Act of 1988 has made third-party bike insurance policies mandatory for driving on the Indian roads.

 

With bike insurance becoming a priority, it is important to note that just purchasing insurance is not enough. You must renew the plan by the due date to keep reaping the benefits of your bike insurance coverage. Keeping this in mind, insurers are offering a seamless renewal process so that their customers can continue benefiting from the insurance plan without going through a lengthy and tedious process.

 

You can get your Acko Bike Insurance Policy renewed with minimum documentation and no third-party involvement as the process is very simple and convenient. Not to forget, the No Claim Bonus that you can enjoy while renewing your Acko bike insurance policy is an added advantage.

Acko bike insurance comes in three varieties. Every plan is designed with unique features. They are as follows:

1. Third-party Bike Insurance Plan

The third-party two-wheeler insurance plan is the basic and well-balanced coverage to meet the bike owner’s requirements.

 

Key features 

 

Here are a few key features of the third-party bike insurance plan:

• High coverage at a nominal or low premium amount. 

• Unlimited coverage can be availed of in case of accidental bodily injuries sustained by a third party.

• Coverage of an amount of up to Rs. 1 lakh for causing accidental damages or losses to the property of a third party can be claimed.

• Digital renewal procedure is available.

• Quicker and more convenient online claim settlement process.

 

2. Comprehensive Bike Insurance Plan

The Comprehensive Bike Insurance Plan is the best bike insurance policy as it covers every possible accidental damage. It is a well-rounded plan with a plethora of benefits.

 

Key features

 

Here are a few key features of the comprehensive bike insurance plan:

• Accidental damages or losses along with the third-party liabilities are covered.

• Personal accidental coverage of an amount of up to Rs. 15 Lakhs can be claimed.

• Hassle-free online claim settlement procedures.

• Requirement of minimal paperwork for renewing and purchasing the Acko bike insurance policy.

 

3. Personal Accident Cover

It is vital to secure yourself while riding a two-wheeler, especially if you are a frequent bike rider. The Personal Accident Cover looks after all your personal needs in cases of mishaps. Since personal accidents are covered under the Comprehensive Bike Insurance Plan, you must buy the Personal Accident Cover if you settle for the Third-Party Bike Insurance Plan.

 

Key features

 

Here are a few key features of the personal accident cover: 

• This life insurance cover offers a predetermined amount or the entire sum assured to your family members (beneficiaries) if you face an accidental death while riding your two-wheeler.

• You will receive a certain sum if you get temporarily disabled due to a bike accident.

• In cases of total disability, the whole sum assured is paid to the policyholder.

Here are a few benefits of the Acko Bike Insurance Plans:

 

• The Acko two-wheeler insurance plans are easy on your pocket. You don't have to pay for the brokerage as the procedure is completed online. This saves up a massive amount of money.

• The purchase of a new bike policy and Acko bike insurance renewal procedures are extremely simple and time-saving. You can get these done online according to your convenience. The company also offers round-the-clock assistance to help you out if you face any issues.

• One of the most acclaimed benefits is the instant and smooth claim settlement process. User reviews prove that the claim settlements, from raising the claim to getting the claim amount, are rather quick and tension-free.

• The company offers extra discounts and savings if you get a long-term insurance plan.

• The company maintains absolute transparency regarding the fees chargeable and other insurance clauses. So, you don’t need to be afraid of any hidden charges being levied.

• Financial security

Acko bike insurance renewal is the ideal safeguard by giving you financial security if your bike is accidentally damaged.

• Zero documentation

Acko two-wheeler insurance renewal entails no hassles or tedious procedures.

• No Claim Bonus

If you don't raise a claim throughout the policy year, Acko compensates you for being a careful driver. You may save a lot of money and receive greater value for your money with a No Claim Bonus of up to 50% on renewal.

• Cashless repair and replacement

Numerous network garages are connected to Acko so that you may use the cashless capability at your nearby partner workshop.

• Third-party legal liabilities

Even in the event of an accident, your legal liabilities are covered by your Acko bike insurance renewal.

If you wish to renew your insurance policy offline, you can do so too. All you are required to do is follow these steps and you are done:

 

• Visit Acko’s nearest branch or office.

• Present the required documents of your previous bike insurance policy for the verification process.

• Enter the necessary information in the renewal form about your previous insurance policy.

• Submit your renewal form in addition to the requested documents for the verification purposes.

• After the verification process is complete, you will receive your insurance plan through post, or you may have to revisit their insurance office to collect the important policy documents. 

Besides, you can also connect with their customer care team at 1860-266-2256 and provide them with your necessary information related to your bike insurance, policy number, and your expiry date.