ACKO Third-Party Bike Insurance
In case you own a two-wheeler, it is mandatory to have third-party bike insurance to use the vehicle in India. Under the policy, protection is provided against any financial liability in case you injure someone or damage his/her property or vehicle in an accident.
No cover is provided for your bike under this policy. The process to purchase ACKO’s third-party bike insurance is simple and can be completed online.
Features of ACKO’s Third-Party Bike Insurance
The main features of the third-party bike insurance policy offered by ACKO are mentioned below:
- The renewal process can be completed online.
- A new policy can be purchased online.
- Up to Rs.1 lakh may be provided in the case of third-party property damages.
- The premium that must be paid starts from Rs.482.
- Unlimited liability cover will be provided in the case of injuries to the third party.
Check - Acko Two Wheeler Insurance
Benefits of ACKO’s Third-Party Bike Insurance
The main benefits of the third-party bike insurance policy offered by ACKO are mentioned below:
- The process to purchase the policy is simple and can be completed online.
- Minimal documents must be provided.
- The premium of a third-party bike insurance policy is determined by the IRDAI. Therefore, the chances of a huge hike in the premium are minimal.
Process to Buy ACKO’s Third-Party Bike Insurance
The procedure to buy the third-party bike insurance policy offered by ACKO is mentioned below:
- Visit the official website of ACKO or download the mobile app.
- Enter the model of the two-wheeler.
- Next, enter the year you purchased the bike. Details of the previous policy will need to be entered as well.
- Select ‘View Prices’.
- Choose the relevant plan and make the payment to purchase the policy.
Exclusions
The main exclusions of the third-party bike insurance plan offered by ACKO are mentioned below:
- Cover will not be provided in case your license has expired at the time of the accident.
- Claims cannot be raised in case the accident has occurred when you are under the influence of intoxicating drugs or alcohol.
- No cover will be provided in case your bike has been damaged.
Claim Process
The procedure that must be followed in order to make a claim is mentioned below:
- The first step would be to inform ACKO in regard to the accident.
- Next, the First Information Report (FIR) must be filed. In most cases, the third party will fire the FIR.
- Next, the case will be heard by the Motor Accident Claims Tribunal.
- Next, the result will be given. Following this, the settlement of the amount will be made by ACKO.
FAQs on ACKO Third-Party Bike Insurance
- Can I purchase just the third-party bike insurance policy?
Yes, only the third-party bike insurance policy can be purchased.
- Is it possible to renew the third-party bike insurance policy online?
Yes, the third-party bike insurance policy can be renewed online.
- Will No Claim Bonus (NCB) be provided if I purchase a third-party bike insurance policy?
NCB will not be provided under a third-party bike insurance plan.
- Does the engine capacity determine the premium of the policy?
Yes, the engine capacity determines the premium that must be paid.
- Can I renew the policy online?
Yes, the third-party bike insurance policy can be renewed online.
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