ACKO Bike Insurance

Two-wheeler is one of the most preferred modes of transport, mainly helps avoid traffic. So, when you spend so much time on the road, you might want to ride worry-free.
ACKO bike insurance offers a comprehensive two-wheeler package policy that covers your bike against any loss or damage. You can avail of the ACKO two-wheeler insurance policy at an affordable premium and benefit from zero paperwork purchase and instant claims settlements with a hassle-free process.
You can also check online for ACKO two-wheeler insurance renewal to avoid policy lapses.

Key Features and Benefits

Here are the features and benefits of the policy:

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  Comprehensive two-wheeler insurance

  This policy offers extensive coverage for your vehicle against natural calamities, theft, fire, and accidents. It also provides coverage against third-party liabilities.

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  Third-party insurance

  ACKO’s third-party two-wheeler insurance covers you against damage or loss caused to third-party property, vehicle, or physical injury to a person.

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  Personal accident cover for owner-driver

  The policy covers up to Rs. 15 lakh in case of accidents that lead to injuries, disability, or death.

According to the Motor Vehicles Act, a third-party two-wheeler insurance policy is essential for driving on Indian roads. It protects the financial interests of the rider/driver from any damage or loss to a third party. Therefore, individuals can choose an ACKO bike insurance policy at an affordable premium and a hassle-free process to ensure a worry-free ride.

You can secure your ride and avoid penalties by choosing any of the two ACKO bike insurance plans and ensuring financial protection against any damages to your two-wheeler. The types of insurance policies are:

Third-party bike insurance

It is the minimum mandate for any insurance plan in India and ensures financial coverage if you accidentally damage someone’s vehicle, property or injure someone. However, it does not provide financial coverage for you or your damaged two-wheeler.

Comprehensive bike insurance

This acko bike insurance plan covers everything that a third-party bike insurance covers along with your own damage cover that financially protects from damage/loss caused to your bike in case of theft, riots, strikes, etc., other than just accidents.

ACKO insurance bike policy offered by Bajaj Finance Limited protects motorists from expenses incurred through accident or damage with cost-effective premiums, zero paperwork, and convenient claim settlement. Besides, individuals can check out the exclusive benefits discussed below:

Affordable premiums

With ACKO’s direct-to-consumer model, customers can pay their premiums directly without the involvement of any agent or third party. Thus, the premium remains affordable.

Convenient claim option

To claim any damages, customers need to visit the ACKO official website or the mobile app and click on the “claim now” option for registration. Then, the insurance advisers will walk you through the claim settlement process.

No Claim Bonus

With ACKO bike insurance plans, customers can enjoy additional savings with a no claim bonus or NCB. When the insurer doesn’t claim any damages in the policy year, ACKO awards them a bonus that gives them a discount on the following year’s premium.

Convenient process

With the advantage of digital transactions, purchasing and ACKO bike insurance renewal is convenient and offers a hassle-free experience.

You can choose the right ACKO bike insurance coverage plan and make the most of the benefits. Read on to know more about what is covered by ACKO:

Accidental damage

With ACKO bike insurance, customers remain financially covered for the damages caused to the bike due to an accident.

Fire damage

This bike insurance policy covers any damages caused due to lightning, explosion or self-ignition.

Bike-owner cover

With the ACKO insurance bike policy, customers can get financial coverage against the death and disability of the bike owner.

Third-party liability cover

If there is any third-party loss, injury or death caused by your bike, this insurance policy will ensure financial coverage for the damages caused to the third-party

Theft

If your bike is stolen, the insurance company will compensate its insured value as per the set IDV.

While all bike insurance policy provides financial coverage for accidental damages, sometimes the coverage may not be sufficient. Even a well-structured plan may not be adequate to cover certain financial liabilities. ACKO bike insurance policy has additional coverages that offer an extra layer of protection to improve your financial coverage. Read on to know about the add-on covers:

Zero depreciation cover

Your bike’s value will depreciate due to wear and tear with time. However, with the zero-depreciation additional cover, this insurance policy will cover the cost of repair and replacement without deducting the depreciated value.

Outstation emergency cover

If your two-wheeler meets with an accident or breaks down while on the road, in that case, ACKO motorcycle insurance will pay the amount mentioned in the add-on cover to reimburse for any necessary expenses incurred.

Engine protection cover

This add-on insurance cover will pay for repairing or replacing engine parts due to damages caused by floods, leakage of coolant or lubricating oil, etc.

Consumables cover

This ACKO bike insurance policy offered by Bajaj Finance Limited bears the cost of consumable items such as screw, grease, brake oil, etc. However, one must note that the cost of fuel is not covered as part of this add-on.

Bajaj Finance Limited offers a hassle-free online platform through which customers can purchase an ACKO bike insurance policy at their convenience and from the safety of their homes.

Here are two simple steps to purchase ACKO two-wheeler insurance plan:

• Click on Apply Now and fill in the necessary details in the application form.
• If required, opt for a call back from our representatives or complete the process by clicking on ‘Buy Now’.

You can quickly raise your claims for ACKO two-wheeler insurance plan online. Here’s how can raise cashless or reimbursement claims:

• Log in to acko.com with your registered mobile number and click on the ‘Claim Now’ section.
• You can also raise it through the app by tapping on the claims section and following the prompts.

In case of an accident, you can call on 1800-266-2256 (toll-free). Once the claim is registered, a crew will be assigned to pick up your car for repairs at ACKO preferred garages.

Here are the documents required for raising a claim under the ACKO two-wheeler insurance policy.

For cashless claim:

ACKO requires no major documents to process your cashless request unless it’s a theft or major loss claim. Under such circumstances, we advise you to share the following:

• Copy of Registration Certificate (RC) of your vehicle
• Copy of your driving licence
• Relevant KYC documents

For reimbursement claim:

Before you go for car repairs, you must send a claim intimation to ACKO. After reviewing the details, and if the claim is well within the policy terms, you will receive approval soon. Once your car is repaired, you can forward the invoice copy to ACKO for processing the reimbursement.

Here are some of the exclusions under the ACKO bike insurance policy:

• Any loss or damage caused outside the geographical area
• Any loss or damage arising out of your car not being used as per the limitations to use
• Any claim arising out of any contractual liability
• Any consequential loss

Note: For more information on coverage and exclusions, please refer to the policy wordings before purchasing the policy.

BFL Helpline Number: – 08698010101

ACKO Insurance Helpline Number: 1800 266 2256

E-mail –  wecare@bajajfinserv.in

Mailing address: Ground Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014.