Acko Bike Insurance

Acko General Insurance is a new age insurance provider that sells all its policies through online platforms. It was founded in 2016 and got licensed by IRDAI in 2017. It goes behind an online led market and provides all the services digitally. The company is a new player in the competitive bike insurance, car insurance and health insurance industry.

Rather than offering a multi-dimensional product, it has spread its horizons in a more creative way. Bike Insurance, Car Insurance, In-Trip Domestic Insurance, and Mobile Insurance are among the retail products offered by Acko General Insurance. The company is working with the hope of creating insurance purchase and use as simple as possible, and it is making an impact in the Car and Bike insurance markets and offering attractive plans.

The company has partnered with Ola cabs to launch an in-trip insurance scheme, in addition to offering bike insurance and a variety of other products. It is a well-thought plan to provide relief to those traveling in cabs and dealing with various uncertainties along the journey.It has also partnered with Amazon India to provide multiple mobile insurance plans on the website of the retailers.

Acko General Insurance has managed to raise $42 million funds through its investors with which it has tried to transform the long and tedious car and bike insurance process into a quick and easy one.

Acko Bike Insurance

Buying insurance for your two-wheeler is a simple and quick way to protect yourself against the dangers of riding one. Third-party insurance, standalone own-damage insurance, and comprehensive plans are the three basic types of insurance available in India.Acko General Insurance offers all three. Purchasing third party insurance is obligatory for every two-wheeler in India according to the Motor Vehicles Act of 1988. If caught without this insurance you will be punished with a fine of Rs 2,000 and/or be imprisoned for up to 3 months. The policy covers third-party liabilities like bodily injury, death, and property damage in the case of an accident. It is also a smart option to get a stand-alone own-damage cover. This type of insurance is optional, but it will protect your two-wheeler from a number of situations in the case of an accident.This includes theft, vandalism, road accidents and natural disasters. Lastly, comprehensive insurance as the name suggests takes care of both third party liabilities and own-damage costs under a single premium.

You can purchase add-on covers to expand the coverage of your two-wheeler insurance. These are optional covers that allow you to pick and choose which ones you want to include in your policy to customize it to your specific requirements.Make sure to research the add-ons, the right ones can make a significant difference at the time of claim settlement.

Acko General Insurance provides affordable premiums, a paperless door-to-door claim process, and quick claim settlement. Furthermore, they give a no-claim bonus for claim-free years on every own-damage plan.This reward is cumulative in nature and goes up to 50 per cent in the fifth consecutive claim-free year.

Significant Points of Acko Bike Insurance