Comprehensive Bike Insurance

Buying this add-on will negate the depreciation suffered by your two-wheeler over time during claim settlements. In other words, the insurer will not deduct the depreciation costs while settling claims. Hence, you get the maximum claim amount.

This add-on will keep your accrued NCB intact even if you raise claims during a policy period. Hence, you will not lose out on the NCB discount during policy renewals. It is one of the most useful add-ons that you can buy with Two wheeler Comprehensive insurance plan.

Buying this add-on will ensure that you get the invoice value of the bike as a claim amount if your bike is stolen or damaged beyond repair. In other words, you will get the IDV as the claim settlement amount without accounting for the depreciation costs during theft or total loss claims.

This add-on covers the cost of consumables used during the repair of your bike. The cost of consumables like engine oil, coolant, gearbox oil, nuts, bolts, etc. However, buying this add-on will ensure that the insurer covers such costs.

This add-on covers the costs incurred due to engine and gearbox repairs. It is a crucial add-on cover since the engine and gearbox are the two vital components of your bike, and the repair costs can run very high. That’s when this add-on comes to your rescue.

This add-on will spring into action if your bike suffers a breakdown, runs out of fuel, suffers a tyre puncture, etc. This add-on provides 24x7 roadside assistance in case of an emergency. If your bike breaks down in the middle of the road, you can inform the insurer for immediate assistance.

By choosing ACKO Comprehensive Two-wheeler Insurance Policy, you transact directly with us through our website or app. Since we operate on a digital platform, our operating costs are lower, resulting in affordable bike insurance plans.

We will pay the repair bill (as per the policy’s terms and conditions) directly to the network garage, resulting in cashless repairs. You just need to pay what’s not covered by the policy.

Whether you want to buy or renew a Two wheeler Comprehensive insurance online, you can quickly get it done through our platforms (website/app). The process is simple, and it’s easy to complete the purchase/renewal journey.

Like our simple process to buy or renew bike insurance coverage, you can also file a claim instantly through our website/app. Log in to your ACKO account, select the “Claim Now” option, answer a few simple questions, upload the required photos, and click on “Submit” to raise your claim.

A broken mirror doesn’t require a lengthy procedure to get your compensation. We offer an instant claim settlement for such damages. For more extensive damages, we try to settle the claim within a few hours or days (depending on the severity of the damages).

You can save more by opting for our long-term Comprehensive Two wheeler Insurance Policy for your two-wheeler. Buying multi-year bike insurance helps you save money in the long run. Also, look for discounts and offers during special occasions and festivals to get low prices on bike insurance.

The IDV is the approximate market value of your vehicle after considering depreciation. Your two-wheeler’s IDV is the maximum sum you receive in case of a total loss or theft of the vehicle. Please note that the higher the IDV, the higher the premium.

The age of your bike plays a significant role in determining the cost of Comprehensive Bike Insurance. A brand-new scooter or bike has a higher premium compared to older ones (due to the depreciation factor, the premium for older bikes is lower).

Generally, expensive and high-end bikes attract a higher bike insurance premium when compared to low-cost two-wheelers. Typically, high-end bikes have high maintenance and bike-part replacement costs; hence, the insurance cost is higher for such bikes.

The bike insurance premium for vehicles registered in a metropolitan city or high-traffic area is higher. However, the premium for bikes registered in a remote village or town is lower since the possibility of road accidents is lower.

The manufacturing year of your bike helps identify the bike’s age and the depreciation factor to determine the vehicle’s IDV, which reduces with time. Therefore, older bikes have lower insurance premiums than brand-new bikes.

By opting for the multi-year bike insurance plan, the premium is generally lower compared to a single-year plan. A long-term bike insurance policy offers continuous insurance coverage for a long period.

When you don’t file any claims during the policy period, you receive a discount on the bike insurance renewal premium known as NCB in bike insurance. Hence, the premium can be reduced if you have accumulated an NCB.

The comprehensive bike insurance can also change based on the selection of add-on covers. The more add-ons you choose, the higher the policy premium. Hence, you must be mindful when selecting add-ons.