Acko is one of the newest and trendiest motor insurance companies in India. It was founded in 2016, got licensed by IRDAI in 2017 and is credited as being the first Indian digital insurer. The company is growing at a very healthy rate and currently has over 50 million clients. Acko General has many unique products, including very impressive two-wheeler insurance plans. With investments totalling around US$450 million, Acko counts high-profile backers like Amazon, General Atlantic, Lightspeed, and co-founder Binny Bansal. It boasts a CSR of 98.40% (FY 23-24) in its own damage bike insurance claim settlements, which is a significant achievement. Acko has partnered with Ola to offer in-trip insurance for cab riders, protecting against travel uncertainties. It also collaborates with Amazon India to offer mobile insurance plans directly on the retailer’s platform.
Disclaimer: The above mentioned prices are for a 2 year old Hero Honda Karizma R 223 CC, registered in Navi Mumbai & previous policy has expired.
The Acko Insurance bike covers are available in three varieties. They are the Third-Party Bike Insurance Plan, the Comprehensive Bike Insurance Plan and the Standalone Own Damage Bike Insurance Plan. Each plan offers some excellent features that make it easy and safe for you to insure your bike.
The third-party bike insurance cover from Acko is very well-rounded and offers some very handy covers. A third-party bike insurance policy covers any damages or liabilities that have arisen from an accident caused by a policyholder's bike towards a third party (individual or property).
The Comprehensive Bike Insurance plan from Acko Bike Insurance offers a well-rounded two-wheeler insurance protection. As the name suggests, you get a comprehensive list of covers when you choose this bike insurance Acko coverage.
Standalone own damage bike insurance from Acko allows the policyholder to safeguard their bike only. But, this type of insurance is only available if you have third-party bike insurance, as it does not cover the legally mandatory third-party liability cover.
The Personal Accident (PA) Cover is a compulsory form of coverage that every two-wheeler owner must have. This cover is included in the comprehensive plans, but if you have a third party Acko bike insurance plan, you will need to purchase this cover additionally.
Here are the key features of Acko Two-wheeler Insurance:
| Feature | ACKO Advantage |
|---|---|
| Premium | Plans starting at ₹457* |
| Third-Party Cover | Included as standard |
| Own Damage Cover | Available with comprehensive policies |
| No Claim Bonus (NCB) | Up to 50% off for 5 consecutive claim-free years |
| Personal Accident Cover | Coverage up to ₹15 lakhs for death or permanent disability |
| Claim Process | 100% digital, paperless claims; minor damages settled within 2 hours |
| Cashless Repairs | Accessible at ACKO’s authorised network garages |
| Claim Settlement Ratio | 98.40% for FY 2023–24 (Two-wheeler Own Damage segment) |
| Policy Renewal | Instant renewal is available online |
| Paperless Process | Fully digital experience from purchase to claims |
In a comprehensive bike insurance policy by Acko, following things will be covered:
In a comprehensive bike insurance policy by Acko, following things will not be covered:
Coverfox is a one-stop solution for all your insurance needs. From calculating the premium to getting information about the various insurance products to actually finding the best quotes, you can do it all on Coverfox. The portal is very modern and user-friendly, making it extremely simple for you to find and buy the best bike insurance cover for your two-wheeler. You can also read the Acko bike insurance reviews and then make an unbiased decision.
The claim process for Acko Bike Insurance can be divided into different types:
For this, you need to take the vehicle to a network garage and get it repaired. Inform your insurance provider. Acko will communicate with the garage, get the inspection done, get approval for the same then settle the bill directly with the network garage. You just have to pay the deductible amount or any other non-admissible charges.
If you take your bike to a non-network garage, you have to settle the bill on your own. Then, you need to fill in the claim application form and submit it, along with the original bills, memos, etc.
Acko will calculate the final amount, and after subtracting the deductible amount, send the money across to your bank account.
File an FIR at the nearest police station as soon as possible, after the accident takes place.
Inform Acko in detail about the accident and the extent of the loss suffered (death/total or partial disability).
Wait for Acko to evaluate the claim and get back to you.
There are the 3 basic types - comprehensive, third-party and standalone own damage bike insurance available under Acko.
Yes, you can get discounts depending on your NCBs
Yes, through Coverfox or Acko.
Yes, through Coverfox or Acko.
Acko bike insurance is one of the most reputed bike insurance providers in India. The company is steadily growing and has received many awards and accolades too.
When you buy Acko bike insurance online, you can pay via net banking, debit card, credit card and online wallets. The payment process is flexible, safe, easy and quick.
Yes, you can get a bike insurance cover from Acko if you purchase a second-hand vehicle as well.
No, you do not need to visit Acko’s office for bike insurance renewals. All the processes can be done online in a quick and convenient manner.
You can add the riders when you buy or renew the bike insurance plan. You simply need to click on the option to choose and buy riders online and instantly get the add-on covers you need.
