ACKO Bike Insurance - Two-wheeler Insurance policy starting at Rs. 702*
Product highlights
Key features and benefits of the policy
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Coverage against theft, damage, and natural calamities
Covers your own insured vehicle against damages caused due to natural calamities, theft, fire, and accidents.
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Third-party coverage
The policy covers benefits of third-party bike insurance as well. Covers the expenses of physical injuries caused to the third party. Also, damages or losses caused to their property or vehicle.
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Receive instant claim settlement for minor repairs
Log in to ACKO, answer a few questions, and upload the pictures showing damage to your two-wheeler to receive instant claim settlement for minor damages.
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Cashless service
Repair your two-wheeler at any of the specialised ACKO cashless garages across India without paying in cash.
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100% digital process
ACKO offers motor insurance policies with a 100% digital and paperless process. The claim settlement process is also fully digital.
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Personal accident cover
Gives coverage of up to Rs. 15 lakh in case of accidents. It covers injuries, disability, or death of the owner-rider.
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No Claim Bonus
Benefit from the No Claim Bonus and get up to a 50% discount on your own damage premium, depending on the policy years.
Eligibility criteria and documents required
Anyone fulfilling the below-given criteria is eligible to buy the bike insurance. Also, below is some basic information you need to keep handy to buy the policy.
Eligibility criteria
- Nationality: Indian
- Age: 18 years and above
- Valid vehicle registration number and certificate
Documents required
- Two-wheeler registration number
- Mobile number
- Residential PIN code
- Previous policy details
Step-by-step guide to buy this policy
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Step 1
Click on 'Get Quote’ to open the online application form.
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Step 2
Enter the vehicle type, two-wheeler registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.
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Step 3
Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.
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Step 4
Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.
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Step 5
Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’.
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Step 6
Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous policy details.
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Step 7
Review your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, credit/debit card to buy the policy.
After successful payment, your policy document will be available for you to download instantly. You will receive a copy of the policy document on your registered email ID within 5-7 working days.
You will also receive an SMS confirmation immediately after the after the payment processed successfully.
You can also access your policy details through the My Account section within 5-7 days after purchase.
Key policy inclusions and exclusions
Here’s quick look at the inclusions and exclusions under the ACKO Two-wheeler Insurance:
- Key inclusions
- Key exclusions
| Key inclusions | Description |
|---|---|
| Zero depreciation cover | Coverage calculated without deducting the depreciated value |
| Outstation emergency cover | Assistance for accidents or vehicle breakdown while being out of station |
| Engine protection cover | Replacement of engine parts due to damages |
| Consumable’s cover | Consumable items such as screws, grease, brake oil, excluding fuel |
| Theft | Coverage up to the insured declared value in case of theft of your two-wheeler |
| Key exclusions | Description |
|---|---|
| Location | Any loss or damage caused to your two-wheeler outside the geographical limits of India |
| Pre-existing damages | Any damage that your two-wheeler has suffered before buying this two-wheeler insurance policy |
| Normal wear and tear | Repair or replacement costs of damage caused over time due to regular usage to the two-wheeler’s parts |
Product information
For complete details on product benefits, features, terms and exclusions, please read product sales brochure and policy wordings carefully before concluding a sale.
How to raise a cashless claim
Follow these steps to raise cashless claim requests with ACKO Two-wheeler Insurance:
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Step 1 - Contact your insurer
Log in to acko.com or ACKO app and click on ‘Claim Now’ to register your claim request.You can also call 1800-266-2256 (toll-free) to register your claim or send an e-mail to hello@acko.com
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Step 2 - Locate your nearest network garage
After registering the claim, take the two-wheeler to any ACKO network garage near you. In some cases, a crew member will take your vehicle for repairs at network garages.
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Step 3 - Repair cost and coverage is estimated
A surveyor and a mechanic will give you the estimate repair cost and the coverage amount based on the applicable terms and conditions.
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Step 4 - ACKO settles the bill with the garage
The garage will repair the two-wheeler and settle the bill directly with ACKO.
You need to pay the balance (deductibles) amount to the garage.
How to raise a reimbursement claim
To reimburse your two-wheeler repairing bills with ACKO Two-wheeler Insurance, follow these steps.
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Step 1 - Contact the insurer
Log in to acko.com or ACKO app using your registered mobile number or call 1800-266-2256 (toll-free) and inform ACKO about the damage to your vehicle.
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Step 2 - Repair your two-wheeler at any of your preferred garages
Get your two-wheeler repaired at your preferred garage, pay the bills, and retain the invoice.
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Step 3 - Step 3 - Submit the required documents
Submit the reimbursement claim with ACKO by logging in to their website or app and uploading the invoice and the other necessary documents.
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Step 4 - Claim settlement
ACKO will review your claim and verify the documents to process the reimbursement as per the policy's terms and conditions.
Documents required for raising a claim request
Here is the list of documents that you need to raise a claim request with ACKO Two-wheeler Insurance.
- Copy of the registration certificate (RC) of your vehicle
- Copy of your driving licence
- Policy number
- Description of the incident and photographs of the vehicle (if possible)
- First Information Report (FIR) in case of theft, injuries to any third party or damage to their property
- The original bills for the repairs of the two-wheeler (in case of reimbursement claim)
Frequently asked questions
You need to file an FIR for a bike theft, or any injury caused to a third party or damage to their property. You do not require to file an FIR if the claim is for minor accidents.
Purchasing ACKO two-wheeler insurance policy from Bajaj Finance Insurance Mall is a hassle-free process requiring zero paperwork.
ACKO comprehensive two-wheeler insurance provides cashless and instant claim settlement (within 2 hours) for minor damages in 647 cities across India.
You can avail of the following add-on covers on the ACKO bike insurance policy:
Zero depreciation cover: This will cover the cost of repair and replacement without deducting the depreciated value.
Outstation emergency cover: Suppose that your two-wheeler meets with an accident or breaks down outside a 100 km radius from your residence. In such cases, ACKO will reimburse the amount mentioned in the add-on cover for repairs that take more than 12 hours.
Engine protection cover: This add-on insurance cover will pay for repairing or replacing engine parts. It covers any damages caused by floods, leakage of coolant or lubricating oil to the engine parts.
Consumable’s cover: This covers the cost of consumable items such as screw, grease, and brake oil, except the cost of fuel.