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Riding gears such as a helmet is a necessity to protect yourself while riding your bike. Similarly, Comprehensive Two-wheeler Insurance is necessary to safeguard yourself from financial losses suffered due to loss/damage to your vehicle. Buying motor insurance has become simple, thanks to the digital buying experience. Read on to know the benefits of purchasing two-wheeler insurance online and all the information about Yamaha MT-15 bike insurance.
Below are the advantages of purchasing bike insurance online for your Yamaha MT-15 bike:
No hassle of filling forms or completing tedious documentation when you buy two-wheeler insurance online on ACKO. Everything is digital. Just visit the ACKO website/app and type in your vehicle details and previous policy details to purchase the policy.
Buy or renew bike insurance on ACKO at any time or anywhere. Online two-wheeler insurance is available 24x7, and you can purchase the policy from anywhere. There is no need to visit the insurer’s office or any agent. Buy the policy from the comfort of your home/office.
Compare insurance policies and add-ons before making the purchase decision. Just visit www.acko.com and compare the premium, policy benefits, and coverage of different plans before you make the purchase decision. Select a two-wheeler insurance plan that offers maximum coverage at a low premium.
Below are the available two-wheeler insurance plans for Yamaha MT-15 bike:
Third-party 2-wheeler Insurance Plan is mandatory in India. You cannot ride your bike on Indian roads without valid third-party motor insurance. A Third-party Bike Insurance Policy covers financial liability against loss/damage to third-party life or property. . However, the insurance plan does not cover damages to your bike as it comes only with Third-party Liability (TPL) cover.
Comprehensive 2-wheeler Insurance Policy comes with the mandatory third-party cover and Own Damage cover. That means, apart from third-party losses, the Comprehensive Plan also covers damages to your bike. This insurance plan covers vehicle damages caused due to an accident, fire, natural disaster and man-made calamities. Comprehensive Policy also covers unfortunate incidents such as theft or total loss of the insured vehicle. You also have the flexibility to enhance the coverage of the policy via add-ons.
Yamaha MT-15 Comprehensive Two-wheeler Insurance from ACKO provides coverage against the following:
Loss or damage to the motorcycle due to an accident.
Loss of damage to third-party property/life.
Damages to the motorcycle due to a fire outbreak or explosion.
Loss or damages to the motorcycle due to natural calamities (floods, earthquakes, cyclones, etc.).
Total loss or theft of the insured motorcycle.
Loss or damages to the motorcycle due to man-made disasters (vandalism, riots, etc.).
Yamaha MT-15 bike insurance does not provide coverage against the following:
Damages to the motorcycle due to mechanical or electrical failure.
Loss or damage to the motorcycle while riding under the influence of alcohol or intoxicating drugs.
Personal Accident cover.
Loss or damage to the motorcycle when riding without a valid driving licence.
Loss or damage to the motorcycle due to regular wear and tear.
Any add-ons which are not purchased.
An add-on is an additional cover that enhances the coverage of the Comprehensive Bike Insurance Plan. You can opt for add-ons while purchasing/renewing the two-wheeler insurance. Below are the add-ons offered by ACKO for Yamaha MT-15 bike insurance:
Zero Depreciation Cover
Roadside Assistance Cover
Outstation Emergency Cover
Consumables Cover
Personal Belongings - Damage/Theft
Key Protect Cover
Bike Engine Protect Cover
You can opt for the below add-ons for extensive coverage for your bike.
The engine is one of the vital components of your bike. Typically, a Comprehensive 2-wheeler Insurance Policy does not cover engine damage. So, if you opt for an Engine protect add-on, ACKO will cover the costs incurred due to engine repair or replacement of engine parts. Engine damages due to leakage of oil/coolant, natural disasters and hydrostatic lock are covered by this add-on.
A flat tire or engine breakdown while riding your bike can cause you a lot of trouble. Without any assistance, you will be stranded in the middle of the road. But with the Roadside Assistance add-on, ACKO provides you 24x7 assistance, including vehicle towing and repair services.
Whenever your bike is repaired at the garage/service centre, you will be charged for consumable items such as engine oil/coolant, nuts and bolts, etc. Such costs are not covered by the Comprehensive Policy. But if you purchase the Consumables Cover add-on, ACKO covers costs arising due to the use of consumable items.
ACKO Two-wheeler Insurance Policy offers a host of benefits. Here are the reasons why you should buy two-wheeler insurance for your bike on ACKO.
ACKO offers you a hassle-free experience when it comes to claims. Visit the ACKO website/app to file a claim online within a few minutes. You will receive an instant on-account claim settlement for minor damages.
You need not worry about renewing your expired bike insurance on ACKO. There is no pre-inspection even though your previous policy has expired. Get your bike insured instantly without the hassle of getting your vehicle inspected.
ACKO works on a direct-to-consumer model, and it eliminates the need for agents/middlemen. Hence, you need not pay any commission while buying a two-wheeler insurance plan. You only pay for what you buy, so the premiums are low.
Filing a two-wheeler insurance claim online at ACKO is super-easy, and it only takes a few minutes to complete the process. Listed below are the steps you need to follow to raise a claim against ACKO Two-wheeler Insurance Policy:
Step 1 - Log in to your account by visiting the ACKO website or download the mobile application.
Step 2 - Click on the ‘Claim’ button on your Policy Card and answer a few questions.
Step 3 - Upload the pictures of your damaged vehicle and necessary documents (if required).
ACKO’s claims team will get in touch with you to guide you through the claim settlement process.
Listed below are some of the most commonly asked questions and their answers related to Yamaha MT-15 bike insurance:
Yes. Online two-wheeler insurance is valid for all bikes. Purchasing bike insurance online from ACKO is one of the most convenient ways to insure your bike. You can insure your vehicle instantly without any paperwork or documentation. When you complete the online purchase, the soft copy of the insurance policy certificate will be instantly sent to your email address.
ACKO is a digital-first general insurance company. The process of insurance purchase/renewal and claims are digital. ACKO retails policies directly to the customers, and there are no agents/middlemen. So, ACKO saves a lot on operational costs, and the savings are passed on to you in the form of low-premium two-wheeler insurance plans.
No. You need not submit any documents or fill forms while purchasing a new two-wheeler insurance policy. Just visit the ACKO website/app and enter three basic details: vehicle make/model, year of purchase and previous policy details. Choose your insurance plan and pay online. Your bike insurance policy is instantly sent to your email address.
Yes. A Comprehensive 2-wheeler Insurance Plan covers the total loss of the insured bike. If your bike is damaged beyond repair in an accident, you can raise a claim against ACKO bike insurance, provided you have opted for a Comprehensive Policy. Login to your account and click the ‘Claim Now’ button on your policy card and answer a few questions, and file the claim. Our claims team will contact you to process the claim.
You can purchase add-on only with the Comprehensive Two-wheeler Insurance Plan. You cannot opt for add-ons if you are buying a Third-party Policy as it does not offer an Own Damage cover. By purchasing add-ons, you can enhance the coverage of the Comprehensive Policy at a nominal increase in the premium.
Yes. Personal Accident (PA) cover is mandatory as per law. You need to own a PA cover along with the bike insurance policy. The Personal Accident cover provides a financial backup if the owner/rider suffers disability/accidental death while riding the bike. You need to buy only one PA cover if you own multiple vehicles.
The process of insurance purchase and renewal is almost similar at ACKO. Visit the ACKO website/app, enter vehicle/model, previous policy details and year of vehicle purchase. Select your insurance plan and pay online. Your bike insurance renewal is done. ACKO customers can log in to their account and choose the policy renewal option of the Policy Card. Pay online, and your renewed policy is delivered to your email address.
IDV (Insured Declared Value) is nothing but the approximate market value of your two-wheeler. In other words, IDV is the maximum sum insured of the policy. ACKO will compensate you with the sum assured amount if your bike suffers a total loss or stolen.