Acko Zero Depreciation Add-on

Founded in the year 2016, Acko General Insurance is one of India’s fast-growing and prominent insurers today. The company is digitally prominent and has a claim settlement ratio of 92.7%. Acko offers various insurance in the retail segment like health insurance, motor (bike and car) insurance, life insurance and travel insurance.

In this page, you will get to learn about Acko’s zero depreciation bike insurance, its benefits, process of buying Acko zero dep bike insurance from InsuranceDekho, documents required to purchase zero depreciation insurance, inclusions and exclusions, pricing and some frequently asked questions. [1]

What is Zero Depreciation Bike Insurance?

The value of your two wheeler or bike depreciates as soon as you take it out of the showroom after purchase. Depreciation means a reduction in the price of your bike’s parts like nylon, plastic, metal etc. This also means that your bike’s depreciated part’s value is not entirely covered by your insurance. A nil or zero depreciation bike insurance helps keep the value of your bike intact. [2]

Based on the depreciation value, you will have to cover the charges for your bike’s repair. Below is a table with a breakdown of depreciable bike parts and the deducted depreciation rate for which you need to pay from your own pocket if you only have a base insurance:

Let’s take an example to understand this better. Suppose you have to get your bike’s nylon parts replaced and you raise a claim with Acko. In this case, if you do not have a zero depreciation insurance for your two wheeler, your insurer Acko will only pay 50% of the price for replacement. The remaining 50% of the cost will have to be borne by you. In case you have a zero dep insurance, Acko - your insurer will bear the cost of replacement of your bike’s nylon parts.

Note that the rate of depreciation also depends on the age of your two wheeler as mentioned below:

Benefits of Purchasing Acko Zero Depreciation Bike Insurance

There are various benefits of buying a nil or zero dep bike insurance from Acko General Insurance. Some of them are mentioned below [3]:

• Claim Settlement Amount: If you have a zero depreciation bike insurance, the amount of claim you receive from your insurer is higher compared to when you do not have a zero dep insurance with your comprehensive bike insurance.
• Coverage: With a zero dep bike insurance, you can be stress free as there will be no depreciation of your bike parts in case of any damage caused to your bike due to an accident or other disaster related damage.
• Depreciation on Bike Parts: The entire amount of replacing or repairing your bike parts will be borne by your insurer Acko General Insurance.
• Ride Worry Free: When you have a zero depreciation bike insurance, you can ride worry free since you will not have any financial burden to stress about when it comes to your bike’s repair and maintenance.

How to Buy Acko Zero Depreciation Bike Insurance

In order to buy Acko zero dep bike insurance, you can choose to either buy it through InsuranceDekho or through Acko. You can also choose to buy it online or offline depending on your convenience.

Online

You can buy Acko zero depreciation two wheeler insurance online through InsuranceDekho or through Acko. The steps for both are mentioned below:

How To Buy Acko Zero Dep Bike Insurance with InsuranceDekho?

Step 1: Visit InsuranceDekho Website

Visit the homepage of Bike Insurance on InsuranceDekho

Step 2: Enter Bike Details

You will see a form as soon as you land on the bike insurance homepage. Enter your bike’s registration number

Step 3: Select Plan

Select a plan by clicking on “Price”

Step 4: Verify Details and Select Add ons

Verify owner and vehicle information. Then select your preferred add ons (including Acko zero dep insurance)

Step 5: Make Payment to Download Policy Document

Make your payment through your preferred payment mode - UPI, credit or debit card, netbanking etc and then download your policy document immediately.

Buy Zero Depreciation Bike Insurance From Acko General Insurance

Step 1: Go to Acko’s two wheeler insurance home page [4]

Step 2: Enter your bike details and click on view plans

Step 3: Select the bike insurance plan and click “Continue”

Step 4: Select add ons and click continue

Step 5: Enter your personal information and bike details

Step 6: Make payment and download policy

Offline

In order to buy Acko General Insurance’s zero depreciation bike insurance offline you can connect with an InsuranceDekho advisor on call +91-7551196989 or by emailing us at support@insurancedekho.com

Documents Required to Buy Acko Zero Dep Insurance Policy

Here are a list of documents required for buying Acko zero depreciation bike insurance policy:

• Proof of identity (Passport/ Ration Card/ Driving Licence/ Aadhaar Card/ Voter’s ID, etc.).
• Proof of address (Voter’s ID Card/ Passport/ Aadhaar Card, etc.)
• Registration Certificate (RC) of the bike or two wheeler.
• Recent passport size photographs.

Acko Zero Dep Bike Insurance Claim Process

Getting your claims reimbursed through Acko is simple. You can choose both cashless claims or get a reimbursement for the price you have paid.

How to File a Claim: A Step-by-Step Process

In order to get your claims through Acko instantly, follow the steps mentioned below [5]:

Step 1: Upload Picture

Click a picture of your bike’s damaged part and upload it through Acko’s website or mobile application

Step 2: Get The Money

After Acko has accessed the damage, they transfer the amount to your bank based on the estimated cost of repair

Step 3: Ride Stress Free

You now get to ride stress free again. It’s that simple!

Documents Required

Here are the list of documents you will require for making a claim:

1. A copy of your bike’s registration certificate or RC
2. In case of theft, a police report or FIR copy will be required
3. A copy of your driving licence will be required
4. A copy of your policy document is needed
5. Original repair bills or cash receipts will be needed

Claim Assistance

For getting proper claim assistance from Acko you can contact them by dialling 1800-266-2256 (toll free) or 1860-266-2256 (chargeable).

Covered Vs Not Covered Under Acko Zero Depreciation Insurance

Inclusions Under Acko Zero Dep Bike Insurance

• The repair or replacement cost of depreciated bike parts are fully covered

Exclusions Under Acko Zero Dep Bike Insurance

• Zero depreciation or nil cover can be availed up to the vehicle age of maximum 2 years
• Maximum 2 claims are allowed in a policy period
• Usual wear and tear of parts that need repair or replacement is not covered under zero dep bike insurance
• You do not get the Zero Depreciation benefit in case of Total Loss (theft or stolen bike) or damage beyond repair of your vehicle

You can connect with Acko customer care in the following ways:

• Call them on 1800-266-2256 (toll free) or 1860-266-2256 (chargeable)
• Email them at hell@acko.com
• Mail them your query on
  • 7th Floor, HB TWIN TOWER, Netaji Subhash Place, Shakurpur, Delhi, 110034