Founded in November of 2016, ACKO General Insurance Limited offer their customers policies under the insurance categories of health, motor, travel, corporate, and electronics. They can provide you with two-wheeler insurance plans that start at a nominal price of ₹538*/year.
You will find three distinct bike insurance types viz. third-party bike insurance, comprehensive bike insurance, and personal accident insurance. To enhance a comprehensive plan, you may choose from the 6 optional covers under ACKO Two-wheeler Insurance. You can purchase these plans on Bajaj Markets within minutes by completing a seamless 5-steps procedure.
Insurer |
Claim Settlement Ratio |
Starting Premium Fee |
Check Plans |
ACKO General Insurance Ltd. |
95.5% |
₹538 |
ACKO Two-wheeler Insurance offers you three types of insurance plans that can cater to your insurance needs in different ways. Those types are explained below.
Plan Type |
Specifications |
ACKO Third-party Liability Bike Insurance |
|
ACKO Comprehensive Bike Insurance |
|
ACKO Personal Accident Coverage |
|
Here’s how you can purchase your very own ACKO Bike Insurance plan on Bajaj Markets in just five simple steps.
Step 1: Visit the premium calculator page on this website.
Step 2: Enter details pertaining to your bike like its make, model, age, registration number, etc.
Step 3: Choose a plan that fits your bike insurance needs and your budget.
Step 4: Add optional covers to enhance your policy.
Your policy documents will be sent to you through your registered email address or mobile number shortly. Additionally, an ACKO Bike Insurance renewal can be carried out on their official website.
Given below are the major key features of an ACKO Bike Insurance plan.
Personal Accident Cover up to ₹15 Lakhs
Premium price starting at ₹538*/year only
6 add-on covers
24/7 customer services
Given below are the inclusions and exclusions of an ACKO Two-wheeler Insurance plan. For a deeper understanding and a full list of everything that is covered and not covered under this policy, please read the policy brochure and/or policy documents carefully.
Inclusions |
Exclusions |
Third-party liabilities and/or losses |
Mechanical and electrical damages |
Accidental damages to personal vehicle |
Driving under the influence of intoxicants |
Damages caused due to fires, explosions, lightning, etc. |
Wear and tear expenses |
Natural disaster damages |
Driving without a valid driver’s licence |
Man-made disaster damages |
Damages caused due to war |
Total loss and theft of personal vehicle |
Damages due to adventure sports like racing |
Calculating an approximate premium price for your bike insurance can be an easy task with the Bajaj Markets bike insurance premium calculator. You are required to merely enter your bike’s details, choose your ideal coverage or policy type, and proceed. You will be given multiple bike insurance options which could fit your budget and bike insurance needs perfectly!
Add-ons are optional covers that can significantly enhance your bike insurance plan and widen its coverage. ACKO Bike Insurance also offers such add-on covers, all of which are explained below.
The possibility of losing your bike keys always looms around the next corner. Hence, a cover that can help you during inconveniences like these can be very beneficial. This cover can offer financial support to have the lock and keys of your bike repaired or replaced.
If you’re taking your bike for a long spin on a road trip, you need something that can provide you assistance and protection during a breakdown or accident. The protection of this cover can be unlocked once you’ve zoomed past 100 km from your residence. ACKO Bike Insurance will, hence, support you through mishaps away from your home turf.
During the repairs and replacements of certain bike components, you will require certain consumables. These include nuts, bolts, coolants, engine oil, etc. While such expenses are not covered by a regular bike insurance plan, an add-on cover like this can protect you from the costs of consumables.
Unfortunately, a comprehensive bike insurance policy does not cover any expenses related to your engine, unless it is due to an accident. This cover will, hence, protect your pockets from engine damages due to accidents and other inconveniences like hydrostatic locks and engine oil leaks.
The value of your bike’s components can decrease over time. Hence, this decreased/depreciated value can be deducted from your claim amount. However, this cover protects your claim amount from such deductions since it doesn’t factor the depreciation value during claims. Hence, your coverage is fully protected.
If you find yourself stranded on-the-road and can’t seem to find immediate help nearby, this cover can come to your rescue. Right from engine jumpstarting to fuel assistance, this add-on has got you covered. All you need to do is claim its coverage by calling 1800-266-2256 and help should reach you soon.
You can purchase three different types of policies from ACKO Bike Insurance. These include third-party liability insurance, comprehensive bike insurance, and personal accident cover. You can enhance your comprehensive bike insurance by further adding optional covers.
Yes, you can. The easiest way to do so is through their mobile app.
Yes, you can purchase an ACKO Two-wheeler Insurance plan from Bajaj Markets for your brand new vehicle. The purchasing process has only five steps to it and can be completed within minutes.
The Insured Declared Value (IDV) of a two-wheeler is the maximum sum insured that an insurer can offer for your bike insurance policy. This value is the prevailing market value of your bike and is arrived at after accounting for the depreciation accumulated on the vehicle. In the case of a total loss event involving your bike, for instance, theft or irreparable damage, the insurer will provide you with the IDV of the bike as compensation.
Under cashless claims, the insurance company and the garage can internally settle the claim amount without you having to fundamentally pay anything. For reimbursement claims, the procedure starts with you covering the expenses before the insurance company reimburses the costs. Cashless claims can be fulfilled only at network garages while reimbursement claims allow you to get repairs done at a garage of your preference.