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Bike insurance or two-wheeler insurance is an insurance policy that covers you against damages to your two-wheeler due to accidents, natural/man-made disasters, fire, and theft. The policy also provides law-mandated coverage against third-party liabilities such as damage to another person’s vehicle/property or injuries/death of a third party caused due to the insured two-wheeler. You can buy insurance for 2 wheelers to cover motorcycles, scooters, mopeds, etc.
Here are the advantages of buying bike insurance online.
Buying bike insurance online also enables you to avail the compulsory Personal Accident cover. You must purchase this cover separately, and it provides coverage of up to Rs. 15 lakhs against accidental injury/death of the owner of the insured two-wheeler.
NCB or No Claim Bonus is the discount offered by the insurers to the policyholders (own damage cover) who do not raise a claim during the policy period. If you buy a new two-wheeler, you can easily transfer the NCB while buying a new bike insurance policy online.
A Comprehensive Bike Insurance Policy offers financial coverage if your insured two-wheeler suffers damages due to accidents, fire damages, damages due to natural or man-made disasters or theft. The two wheeler insurance policy also covers third-party liabilities.
There are mainly two types of bike insurance plans in India, and we offer both of them. Apart from that, you can also purchase the mandatory PA cover from our website/app. Here are more details regarding the bike insurance types at ACKO.
Third Party Bike Insurance Policy (TP insurance) is mandated by law in India. It provides coverage against third-party liabilities. In other words, a Third-party two wheeler insurance policy provides financial protection if your vehicle damages another person’s vehicle/property or causes injury/death to a third party in an accident, but it does not cover loss or damage to your own two-wheeler.
Comprehensive Bike Policy provides all the coverage offered by the Third-party Two Wheeler Insurance Plan and also covers damages/losses incurred by your two-wheeler. This type of insurance for bikes covers events such as accidental damages, fire damages, natural disasters (floods, earthquakes, etc.), man-made calamities (riots) and theft of the insured bike.
Own Damage or OD insurance is a type of bike insurance plan that provides coverage against damages to your two-wheeler. Note that this policy will not cover third-party liabilities. It is an ideal policy to buy if you already have a third-party policy for your bike.
Following are more details about the add-ons you can purchase with the Comprehensive Bike Insurance Policy.
This add-on provides coverage against the depreciation of bike parts. In other words, Zero Depreciation bike insurance ensures that you get the full claim amount without any deductions related to the depreciation of vehicle components. It is an essential add-on if you are insuring a new bike.
This may not qualify as a type of two-wheeler insurance plan, but it is an essential add-on cover. Similar to third-party bike insurance, Personal Accident cover is mandatory as per law. While the insurance for the bike provides coverage against your vehicle, the PA cover offers financial protection against events such as disability/death due to an accident while riding your bike or scooter.
The following table will give you a better understanding of third-party vs comprehensive bike insurance.
Damage/loss to your bike
Theft of your two-wheeler
Damages to third-party vehicle/property
NCB discount up to 50%
Insured Declared Value (IDV) customisation
Optional (needs to be purchased separately)
Optional (need to be purchased separately)
Instant claim settlement (within 2 hours)
We offer you the convenience of buying 2 wheeler insurance online and bike insurance renewal online at any time and from anywhere. Here are the key features of our online two-wheeler insurance.
We eliminate the need for middlemen commissions and other operational costs through our digital infrastructure. It enables us to offer you low-cost two wheeler insurance plans with zero paperwork.
With our online bike insurance process, you receive instant claim settlement. Login to your ACKO account, answer a few questions and upload the pictures showing bike damage. You will receive the claim settlement amount within 2 hours for minor damages.
There’s no need to fill out forms or submit documents to buy our two wheeler insurance online. It applies to bike insurance renewal online as well. Just share bike-related information and previous policy details to buy or renew two wheeler insurance.
Bike insurance premium
Plans start at Rs.
Own Damage (OD) Cover
Available with the Comprehensive Bike Policy
No Claim Bonus (NCB)
Up to 50% discount for 5 claim-free years
Personal Accident (PA) Cover
Available. Coverage up to Rs. 15 lakhs for permanent disability/death.
Online with paperless and cashless experience. Instant claim settlements (within 2 hours) for minor damages.
Cashless repair service
Available at network garages.
Claim Settlement Ratio (CSR)
92.71% for the Financial Year (FY) 2022-23 (Two-wheeler OD portfolio)
Instant two wheeler insurance renewal or purchase on the website or app without any paperwork.
Here are the top reasons to buy two-wheeler insurance online.
By buying two-wheeler insurance online, you can access insurance-related services 24x7. Whether it's raising a claim or buying a new policy, you can do it from anywhere, anytime. You need not wait for the insurer’s office to open. You can go online and access the services.
Purchasing bike insurance online saves you a lot of time and effort as you need not visit the insurer’s office. You can make the purchase online within a few minutes from the comfort of your home or office. It not only saves you a lot of time but also avoids the hassle of visiting the offices of different insurers.
One of the main reasons to buy bike insurance online is the convenience of comparing different two wheeler insurance policies before making the purchase decision. You can compare two-wheeler insurance online and make an informed choice depending on the merits and demerits of the plans.
Here’s the list of events covered under bike insurance (Third-party and Comprehensive Bike Policy). Note that this is an overview; please check out respective two wheeler insurance policy wordings for exact details.
✅ Third-party losses/liabilities: Damage to another person’s vehicle or property and injuries or death of a third party caused due to your two-wheeler.
✅ Accidental damages: Damages caused to your vehicle due to accidents.
✅ Fire disasters: Damages to your two-wheeler due to fire explosion, self-ignition, lightning, etc.
✅ Natural disasters: Damages due to events such as floods, cyclones, earthquakes, etc.
✅ Man-made disasters: Damages to the insured vehicle due to incidents like riots, protests, terrorist activities etc.
✅ Vehicle theft/total loss: Financial loss due to vehicle theft or total loss. For instance, if your bike/scooter gets stolen and concerned authorities are unable to trace it.
We aim to provide the best possible coverage for your two-wheeler. However, there are a few exclusions of our Comprehensive Bike Insurance Plan, and they are listed below. For exact details, please go through the respective bike insurance policy wordings.
❌ Damages to your vehicle due to electrical or mechanical issues.
❌ Damages to your two-wheeler when driving under the influence of drugs, alcohol, or other intoxicating substances.
❌ Repair or replacement of vehicle components subject to regular wear and tear.
❌ Damages suffered by your bike or scooter when the policy was not active.
❌ Damages to your vehicle when driving without a valid Driving Licence.
❌ Incidents that are caused due to illegal activities like racing.
❌ Incidents occurred outside the geographical boundaries of the country.
❌ Coverage against injuries or death of the policyholder while riding the two-wheeler.
❌ Damages caused to your two-wheeler due to war.
You can buy/renew a bike insurance policy online from us within a few minutes by following these simple steps.
Scroll to the top of this page and enter your bike number and click on check price. If you are an existing customer, you can log in to your account via OTP sent to your registered mobile number.
On the next page, you will see the applicable plans you can purchase. Click the "Buy Now" button against your preferable policy. You can also customise the IDV if you are opting for the Own Damage policy.
Lastly, complete the payment online. Your new/renewed two wheeler insurance policy will be sent to your registered email address.
Here are the steps to buy a new bike insurance policy online from ACKO.
Step 1: Go to the top of this page and click on “Check prices”.
Step 2: Enter your bike make/model and mobile number and click on “View Plans” to check the new bike insurance price.
Step 3: Select the insurance plan and click “Continue”.
Step 4: Select add-ons and click “Continue”.
Step 5: Enter your personal information and bike chassis number and pay the premium online to instantly buy insurance for new bike.
Here are the steps for bike insurance renewal online.
Scroll to the top of this page or download the ACKO smartphone app.
Enter the vehicle number and choose the desired insurance plan.
Enter your personal details and complete the online payment for instant bike insurance renewal online.
Raising a claim request is easy when you have an ACKO bike policy. No need to fill out any claim form and no wait time. Get online and file the bike insurance claim by following these simple steps.
Log in to your account via our website or mobile app.
Click on the "Claim" button on the Policy Card.
Answer the questions regarding vehicle damage and upload images of the damaged two-wheeler. Once done, click the "Submit" button to raise your claim.
Now you know how to claim bike insurance, let’s look at scenarios of when to claim and when not to claim against two-wheeler insurance.
If your bike suffers severe damage due to accidents, calamities or theft, you can go ahead and raise a claim against your insurance policy.
If the bike has sustained minor damage, like a broken mirror, it’s better not to raise a claim. That way, your NCB will be intact.
Do not raise a claim if the vehicle repair amount is less than the deductibles.
There is no physical paperwork involved while raising a claim against your ACKO Two-wheeler Insurance. All you need to do is upload the soft copies of the documents mentioned below, depending on the type of claim.
Driving Licence (DL)
Bike’s Registration Certificate (RC)
Proof of identification of the policyholder
Bike Insurance Policy
Original two-wheeler keys
First Information Report (FIR), if required
Non-traceable Certificate (If required)
Fire brigade report (if lodged)
Original repair bills
Original payment/cash receipts
Third-party bike insurance is mandatory in India to comply with the law. However, it’s not only about adhering to the rules and regulations. Accidents are unpredictable, and they can have severe consequences. To protect road users from financial burdens arising from road accidents, the government has made third-party insurance mandatory, which covers third-party liabilities and protects you and road users (third parties) from financial losses.
Bike insurance premiums can be different for different two-wheelers. The chosen coverage and the cubic capacity of the vehicle's engine play a vital role in calculating the bike insurance price.
Since the price for Comprehensive Bike Insurance is primarily based on the amount of coverage, it is difficult to tell in advance what the policy may cost. However, the Third-party Bike Insurance prices are based on the bike's engine cubic capacity; thus, the price can be determined in advance (the amount of coverage is uniform across insurers).
Here are the Third-party Two-wheeler Insurance prices for FY 2022-23. Prices are subject to change as per the IRDAI.
CUBIC CAPACITY (CC) OF THE TWO-WHEELER
THIRD-PARTY BIKE INSURANCE PRICE
Less than 75cc
75cc to 150cc
150cc to 350cc
More than 350cc
You can buy two wheeler insurance online for your new scooter from us. Scroll to the top of this page or download the mobile app and provide details about your two wheeler. Select your preferred plan, and make the online payment. You will receive the bike insurance policy instantly at your registered email address.
Buying two wheeler insurance online is safe. We are a digital-first insurance company licensed by the IRDAI (Insurance Regulatory and Development Authority of India). With our zero-commission model and 100% digital infrastructure, we eliminate middlemen commissions and reduce our operational costs respectively. Thus, we can pass on those benefits to you in the form of low-cost first-party bike insurance (Own Damage) plans and discounts.
You need not submit any documents for the purchase/renewal of the two wheeler policy from us. You only need to provide the following details.
Two-wheeler make, model and variant
The location of the vehicle
Existing/previous bike insurance policy details (if you are renewing with a new insurer)
You can download the two-wheeler policy online by logging in to your account by scrolling up or via the app. Once logged in, you can view or download the policy document by clicking on the Policy Card. Alternatively, you can also check the email inbox for the policy copy. When you buy/renew bike insurance, the policy document will be sent to your inbox.
No, you cannot opt for only Own Damage Bike Insurance cover. A Third-party Policy is mandatory in India, no matter what type of motor vehicle you own. Hence, you cannot opt for only the Own Damage cover. You have to purchase both covers. Buying a Comprehensive Policy will help in this regard as it comes with both third-party Liability and Own Damage cover.
Yes, you have the option to customise the IDV for your bike policy as per your choice (from a range) while buying/renewing your bike insurance policy from us. You can use our two wheeler insurance calculator for the same. However, keep in mind that setting the correct IDV is essential as it decides the sum insured amount for the policy. Setting it too low can reduce the premium, but the claim amount will be less in case of total loss. Similarly, setting it too high will increase the premium.
The three types of bike insurance plans are as follows.
Third-party bike insurance
Comprehensive bike insurance
Standalone Own Damage bike insurance
1st party bike insurance provides coverage against damages to your bike, whereas 3rd party bike insurance provides coverage against third-party liabilities. Comprehensive bike insurance provides both 1st and 3rd party coverage. Hence, it is the best insurance plan for bikes.
When you buy a new bike, it is mandatory to buy a 5-year bike insurance plan that includes third-party coverage for 5 years and Own Damage cover for 1 year. It is called the 5-year insurance rule.
1st party insurance refers to the Own Damage policy that covers damages to your bike. 3rd party insurance is nothing but mandatory insurance for bikes that covers third-party liabilities arising due to the insured bike. 2nd party in bike insurance refers to the insurance provider.
Yes, you can purchase bike insurance for someone else’s bike. You can buy a two-wheeler insurance on behalf of the vehicle owner. However, while selling the vehicle, it’s important to transfer the insurance to the new owner.
Yes, you can transfer the bike insurance to the new owner if you sell the bike.
If you have purchased the Comprehensive or Own Damage bike insurance with the Engine Protect add-on, the insurance plan will cover engine repair costs. Please note that the engine cover add-on is subject to availability.
No, bike insurance does not come under 80C. You cannot claim income tax exemption for buying bike insurance.
Yes, you can switch to another bike insurance company when renewing the policy. For instance, you can renew bike insurance online from ACKO even though you have bike insurance from some other insurance provider.
As per the rules and regulations of IRDAI (Insurance Regulatory and Development Authority of India), every insurance provider must check the authenticity of the policy buyer through the KYC documents before issuing or renewing bike insurance.
Yes, you can cancel the bike insurance policy. However, to get a refund for the paid premium, you must adhere to the terms and conditions of the policy.
New bike insurance price depends on the type of plan and add-ons you choose. If you opt for a third-party plan, the premium will be on the lower side as compared to the Comprehensive plan.
Yes, a new bike needs insurance to comply with the law. As per The Motor Vehicles Act, every motor vehicle must have at least third-party insurance. However, for better coverage, it is better to buy a Comprehensive Bike Insurance Policy.
Yes, you can buy bike insurance online from ACKO. You only need to provide a few details about you and your bike to buy new bike insurance online instantly.
Yes, third-party bike insurance is mandatory for a new bike.
You should buy Third-party Bike Insurance for your bike as it is mandated by law. It is illegal to ride a two-wheeler without the basic bike policy. You may attract penalties or face imprisonment if you ride the bike without a valid bike insurance policy. That's the reason why two wheeler insurance renewal on time is also crucial.
However, a Third-party Policy will only cover third-party liabilities. For coverage against damages to your two-wheeler, you may opt for the optional Comprehensive Two-wheeler Insurance Policy. It provides a financial cushion if the two-wheeler gets damaged due to accidents and other unfortunate incidents like natural or man-made disasters or fire hazards. The Comprehensive Bike insurance Policy even covers events such as vehicle theft.
The endorsement in bike insurance refers to making changes to the policyholder's personal details or the policy's terms and conditions. For instance, if you need to change your address, name, date of birth, etc., you can do it via endorsement in the policy.
In a premium-bearing endorsement, you need to pay an additional premium, whereas, in a non-premium-bearing endorsement, you need not pay any additional premium.
An insurer offering higher IDV at a lower premium, an easy and hassle-free buying/renewal process and transparent and quick claim settlements can be considered as one of the best two wheeler insurance companies in India. Also, look out for other factors such as customer support and value-added services such as cashless repairs and instant claim settlements for minor damages. As a generalisation, a Comprehensive Bike Insurance Policy can be considered as the best bike policy in India as it provides broad coverage, including third-party liabilities and own damage.
Yes, your vehicle's make/model, variant and purchase year affect the bike insurance premium and the IDV.
You can find out your bike insurance policy number via the following methods. You need to have the policy number handy when making bike insurance claims or renewing the policy. So, knowing the bike policy number is important.
Refer to your bike insurance policy document.
Check the email sent by the insurer.
Log in to your insurance account via the website/mobile app to view the policy number.
Call the customer support team.
You can get bike insurance online by visiting the official website or app of the insurance provider. For example, you can download the ACKO app or visit our official website to buy bike insurance online.
To check bike insurance online, all you need is an internet-enabled smartphone/computer. Follow the steps mentioned below for the same.
Open the web browser on your phone/computer and search “bike insurance” on any search engine like Google.
You will see a host of results; click on any one of them.
For example, if you click on ACKO bike insurance, you will be able to see more details about the insurance plans, coverage, premium, etc.
You can renew your bike insurance online by following these steps. The 2 wheeler policy renewal process remains the same as the new policy purchase process. Step 1: Visit our website or download the mobile app.
Step 2: Log in to your account and select the renewal option on your Policy Card.
Step 3: Select your preferred plan, pay the premium, and buy bike insurance online instantly. If you are our new customer, enter your vehicle details to get the bike insurance policy quote. Choose the plan, pay the premium and instantly get the policy in your inbox.
To check the validity of your bike insurance, you can refer to the policy document or the policy card issued by the insurer. ACKO bike insurer customers can simply log in to their account via the mobile app/website and check the policy details, including the validity.
Yes, you can opt for a different bike insurance policy during renewal. For instance, if you have a Third-party Plan, you can upgrade to a Comprehensive Plan.
Yes, you can renew your expired two wheeler insurance policy online. The break-in period is nothing but the period between the policy expiry date and the policy renewal date. During the break-in period, your bike insurance plan remains inactive, and you cannot raise claim requests. Usually, a policy purchased after the break-in period is considered a new insurance plan.
It is a good option to opt for a multi-year bike insurance plan when you buy/renew a 2 wheeler insurance plan. We offer you additional discounts if you opt for a 2 or 3-year plan. However, the discount only applies if you opt for the Comprehensive Bike Insurance Policy.
To file a claim against your bike insurance, you can visit the official website of the insurer or contact the customer support number or visit the insurer’s office. If you are an ACKO customer, you can raise a claim online through the mobile app or website.
You can pay the bike insurance premium online through any of the available digital payment options like UPI, net banking, debit/credit cards, etc. You will find these options after you have finalised the insurance plan you wish to buy or renew.
The premium refers to the amount you pay to the insurance provider in exchange for financial coverage against third-party liabilities or damages to your bike, depending on the type of plan you buy.
The grace period refers to the period after your policy expires. Generally, insurers might provide you with a 30-day grace period to renew the policy without any vehicle inspection and premium hike. However, the policy will remain inactive during the grace period. It also depends on the terms and conditions of the insurance provider.
Total loss refers to vehicle damages that are beyond repair. In other words, if the cost of repair exceeds 75% of the vehicle's IDV, then such a vehicle is declared a total loss. The insurer will compensate you by paying the IDV amount for such claims. That's why it's essential to set a correct IDV when you buy a new policy
IDV stands for "Insured Declared Value". It is the maximum sum of money that an insurance company agrees to pay to the policyholder in the event of a total loss or theft of the insured bike. It represents the current market value of the bike at the time of insurance purchase/renewal.
NCB stands for "No Claim Bonus”. It is a discount or bonus offered by insurance companies to policyholders who do not make any claims during the policy period. It serves as a reward for safe and responsible riding.
When a policyholder renews their bike insurance without filing any claims, they become eligible for NCB. The NCB is applied as a percentage discount on the own-damage premium of the insurance policy. The percentage of NCB increases for every consecutive claim-free year, usually up to a maximum of five years.
The document list may vary depending on the type of damage or loss. Here are the common documents you may need to file a claim request.
Insurance policy document
Valid Driving License (DL)
Registration Certificate (RC) of the insured two-wheeler
FIR (if applicable)
Pictures of damages taken at the time of the mishap
Other supporting documents (if any)
Cashless Claim is a claim process wherein the insurance provider will directly pay the repair bill (as per the policy’s terms and conditions) to the network garage. You only need to get the vehicle repaired and pay the amount that’s not covered by the policy, and the rest will be taken care of by your insurer.
In a Reimbursement Claim, you can repair your two-wheeler at your preferred garage, settle the repair bill and raise a claim for reimbursement with supporting documents such as the original repair bills, payment receipts, etc.
The surveyor inspects and assesses the damage suffered by your two-wheeler and of the third party (if required). Post that, the surveyor will submit a report on the damage assessment to the insurer to process the claim request.
Yes, it is an excellent decision not to raise the claim against your policy if the damage is minimal. It will help you retain your NCB discount for not raising a claim during the policy period. If you have not made any claims for five years in a row, you are eligible for a 50% discount on the two-wheeler policy premium (Own Damage component). Hence, it will be beneficial in the long term if you avoid making claims for minor damages to your bike/scooter.
Have queries related to ACKO’s car insurance policies? Refer to our Policy Wordings for detailed information or reach out to us via email or phone using the information below
Write to us at [email protected]
Call us on 1800 266 2256