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Two-wheeler Insurance Online

Home / Motor Insurance / Bike Insurance

Buy/renew bike insurance online in India
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What is bike insurance?
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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 coverage against bike-related third-party liabilities such as damage to another person’s vehicle/property or injuries/death of a third party. You can buy insurance for 2 wheelers to cover motorcycles, scooters, mopeds, etc.

When you buy bike insurance online through our smartphone app or website, you can choose from different bike insurance plans based on your requirements and insure your bike within minutes. Also, you get instant two-wheeler insurance quotes to know the premium and plan your purchase. In the case of a Comprehensive Policy, you can choose a suitable Insured Declared Value (sum insured) from the given range.

Third-party two-wheeler insurance rates are revised in accordance with the Insurance Regulatory and Development Authority of India (IRDAI) circular dated 01 June 2022. Check the new Third-party Bike Insurance prices by clicking here.

Key features of ACKO’s two-wheeler insurance
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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.

One-stop-solution

1. Paperless experience
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There’s no need to fill out forms or submit documents to buy our two wheeler insurance online. This applies for bike insurance online renewal as well. Just share bike-related information and previous policy details to buy or renew two wheeler insurance.

Super Fast and Easy

2. Instant claim settlement
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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.

Incredibly Low Premium

3. Low-cost plans
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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.

Other features of two wheeler insurance from ACKO
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Key features Our advantage
Bike insurance premium Plans start at Rs. 555*
Third-party liability Covered
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.
Claim settlement 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) 95.45% for the Financial Year (FY) 2021-22 (Two-wheeler OD portfolio)
Buying/renewal Instantly buy/renew two wheeler insurance policy on the website or app within a few minutes without any paperwork.

Why do you need a bike insurance policy?
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Comprehensive Bike Insurance ensures you are financially protected in case of third-party liabilities and accident-related vehicle damage. Here are some of the reasons why you need wide-ranging insurance for two-wheelers.

Bike Insurance mandatory as per law

Comply with the law
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In accordance with The Motor Vehicle Act 1988, every bike owner must purchase the mandatory Third-party Insurance Policy. Not adhering to the law shall invite a penalty of up to Rs. 4,000 and/or imprisonment. For your peace of mind and to comply with the law, it is vital that you buy or renew your bike insurance.

Bike Insurance Provides financial coverage

Cover against financial loss
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Severe damage to your scooter or motorcycle due to natural or manmade calamities or accidents can cause a substantial financial burden. Thus, buy Comprehensive Bike Insurance to stay protected against unforeseen financial obligations.

Third-party liability cover

Protection against third-party liabilities
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If your insured bike causes damages to a third party’s property or injures a third party, the financial implications can be severe. Staying covered by insuring your bike with 3rd Party Insurance (or Comprehensive Insurance) will ensure you are financially protected against unexpected liabilities.

Coverage against natural calamities

Cover against natural disasters
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Earthquakes, floods, cyclones, and other natural disasters can cause significant damage to your two-wheeler resulting in an expensive repair bill. A bike insurance policy covers such disasters and offers financial protection.

Theft (or) loss coverage

Coverage for bike theft
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If your bike is stolen and the police have issued a non-traceable certificate, your two-wheeler insurance shall cover the financial loss as per the policy’s terms and conditions.

Personal Accident cover

Personal Accident cover
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When you opt for the mandatory Personal Accident Cover while buying or renewing bike insurance, you get coverage up to Rs. 15 lakh. Here, the policyholder or the owner-driver gets the compensation in case of death, disability or bodily injuries occurred while riding the bike.

Types of two wheeler insurance plans available at ACKO
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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.

1. Third-party Bike Insurance Plan
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Third-party Bike Insurance Policy is mandated by law in India. It provides coverage against third-party liabilities. In other words, the 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 third-party insurance for bikes/scooters does not cover loss or damage to your two-wheeler.

2. Comprehensive Bike Insurance Plan
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Comprehensive Bike Policy provides all the coverage offered by the Third-party 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.

3. Personal Accident (PA) Cover
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This might technically not qualify as a type of plan but it is an essential cover. Similar to the third-party policy, the Personal Accident cover is mandatory as per law. While the insurance for 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.

Third-party bike insurance vs Comprehensive insurance
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The following table will give you a better understanding about third-party vs comprehensive bike insurance.

Coverage Third-party Plan Comprehensive Plan
Damage/loss to your bike
Theft of your two-wheeler
Damages to third-party vehicle/property
Third-party injury/death
NCB discount up to 50% Not applicable Applicable
Insured Declared Value (IDV) customisation
PA cover Optional (needs to be purchased separately) Optional (need to be purchased separately)
Cashless claims
Instant claim settlement (within 2 hours)
Online transactions

Inclusions

Exclusions

What is covered in ACKO’s two wheeler insurance policy?
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Here’s the list of events covered under two-wheeler insurance (Third-party and Comprehensive Bike Policy). Note that this is an overview; please check out respective 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.

What’s not covered in ACKO’s bike insurance policy?
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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 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.

Why choose ACKO for online bike insurance?
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There is more than one reason why you should buy online insurance for bikes from us. Here's the compilation of the same. Please note that the following points are subject to changes due to upgrades, policy changes, etc.

Optimize savings

Low-cost plans
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You pay a lower premium thanks to our direct-to-consumer model. You need not pay middlemen commissions, thus, your bike insurance price remains low. On top of that, you also get additional personalised discounts on special occasions/festivals.

Hassle free registration

Instant purchase/renewal
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With 100% digital transactions, you get your policy instantly. Whether you are buying a new policy or are on our platform for two-wheeler insurance online renewal, the process is quick, simple, and instant.

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Hassle-free claims
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If purchasing or renewing the policy is easy, raising a claim request is even easier. Log in to your account by scrolling up, click the “Claim Now” button, answer the simple questions, upload pictures, and click “Submit”. We will take care of the rest.

Hassle-free Experience

Instant claim settlements
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Dropped your bike and ended up with a broken mirror? Fret not; we settle such claims instantly (within 2 hours). In case of significant damages, we try our best to settle the claims within a few hours/days, depending on the severity of the incident.

Low Premium

Maximise savings
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If the low premiums and additional discounts don't excite you, we have more to offer! You can save more by opting for a long-term plan. Buying multi-year two wheeler insurance from us will save money in the long run for you!

One-stop-solution

One platform
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We offer a one-stop solution for all motorbike insurance-related services. You can buy, renew, track claims and get a free two-wheeler insurance quote in one place! Our mobile app/ website is all you need for a seamless insurance experience.

24x7x365 customer service

24x7 customer support
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Our customer support team works round the clock. Give us a call at 1800 266 2256 or write to [email protected] to get answers to your queries about your policy, claims, and more.

IRDAI-license-trust

Trustworthy
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Over 7.5 crore customers have trusted ACKO for their insurance needs and experienced hassle-free insurance services.

Hassle-free Experience

Zero hassle
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Our digital platforms (website/app) enable you to choose the right coverage, check the premium and get an instant online policy via email without tedious paperwork.

How to claim your ACKO two-wheeler insurance?
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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 your bike insurance claim by following these simple steps.

Step 1: Log in to your account via our website or mobile app.

Step 2: Click on the "Claim" button on the Policy Card.

Step 3: Answer the questions regarding vehicle damage and upload images of the damaged two-wheeler. Once done, click the "Submit" button to raise your claim.

Documents required for raising bike insurance claim
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When you choose ACKO insurance for your bike, there is no physical paperwork involved while raising a two-wheeler insurance claim. Just upload soft copies of the following documents through our digital platform (website/app), depending upon the type of claim.

How to raise an instant two-wheeler insurance claim with ACKO?
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The process for an instant bike insurance claim for minor bike damages (dents, broken mirrors, etc.) is simple and easy. Follow the steps below to raise your claim instantly.

After assessing the damage caused to your vehicle, we will transfer the estimated repair cost of the bike to you. You can then get your two-wheeler repaired at your convenience.

Reasons to buy bike insurance online
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The internet and smartphones have changed the way we shop for groceries, book tickets, or buy electronic gadgets. The same applies to insurance for bikes as well. The digital revolution has brought in some drastic changes to how you avail of insurance services. Here are some of the benefits of buying/renewing bike insurance online from a digital-first insurance company.

Bike insurance benefits - Compare and buy

1. Compare and buy
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The most significant advantage of shopping online is the convenience of comparison. You can compare bike insurance policies available and make an informed choice based on the merits and demerits of the plans. You can research, compare and evaluate to get the best two-wheeler insurance.

Bike insurance benefits - Pay less, get more

2. Pay less, get more
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The online mode of two wheeler insurance policy purchase eliminates the involvement of middlemen. Plus, the low operational costs also contribute to lower the bike insurance quote. That’s how digital-first insurers offer 2 wheeler insurance policies at a low premium.

Bike insurance benefits - No paperwork

3. No paperwork
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Online bike insurance purchase means you don’t have to deal with tedious paperwork. Fill in a few details about the vehicle and previous policy (if applicable), select the plan, pay the premium online and instantly get the two wheeler insurance policy in your inbox.

Bike insurance benefits - Access anytime, anywhere

4. Access anytime, anywhere
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You can buy/renew insurance for two wheelers, raise a claim, track the claim status and get a bike insurance quote 24x7 when you opt for the digital mode. No hassle of visiting the insurance provider’s office. You can access all services from the comfort of your home/office, and that too, anytime!

Bike insurance benefits - Online assistance

5. Online assistance
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If you find yourself stuck while buying a policy/bike insurance policy renewal, or raising a claim against the policy online, you can avail of instant assistance. Thanks to the online process, the customer support team will help at each stage.

Bike insurance benefits - Saves time

6. Saves time
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Buying bike insurance online will save your precious time. To purchase insurance for bikes/scooters online, you don't need to travel to visit the insurer's office. You can access insurance-related information, get assistance and buy/renew insurance within a few clicks, and that too at your preferred time!

Steps to renew two-wheeler insurance policy online
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You can renewing a bike insurance policy online from us within a few minutes by following these simple steps.

Step 1
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Scroll to the top of this page and click on the "Renew policy" option. Log in to your account via the OTP sent to your registered mobile number.

Step 2
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On the next page, you will see the applicable plans for renewal on your Policy Card. Click the "Buy Now" button against your preferable policy.

Step 3
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Lastly, complete the payment online. Your renewed two wheeler insurance policy will be sent to your registered email address.

The best deals. Just for you!
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Free Bike Insurance Quote Renew your bike policy
Quick Quote Rapid Renewal

How to renew two wheeler insurance for old bikes
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You can renew two-wheeler insurance for old bikes the same way you do for new vehicles. Purchasing the right insurance plan for our old two-wheeler is essential as older vehicles are prone to component failures, which may lead to an accident. Hence, insuring your old bike/scooter with an appropriate plan will cushion the financial losses you may incur due to unfortunate incidents during the ownership period. Here are the steps to renew your old bike insurance from us.

Step 1
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Log onto our website or mobile app and provide details regarding your old two-wheeler, such as bike registration number, year of purchase and previous insurance policy details (if available).

Step 2
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Choose your preferred insurance policy and tenure and get the free two wheeler insurance quote.

Step 3
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Pay the premium online and get your old bike insurance instantly.

How to calculate 2 wheeler insurance premium amount
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To calculate two-wheeler insurance premium, you need to account for various factors such as the bike’s make/model, bike’s age, geographical location, NCB, etc. At ACKO, you can provide your vehicle details, and our premium calculator will display the two wheeler insurance quote for you. 

Follow these simple steps to get your bike insurance quote for free.

✅ Step 1: Visit our website or log in to the mobile app and provide basic details of your two-wheeler (registration number, make, model, year of purchase, etc.)

✅ Step 2: Select the type of policy and the tenure.

✅ Step 3: Once you select the policy and tenure, you will be able to see the bike insurance quote.

If you are interested in knowing more about calculating bike insurance premium, you can refer to our two wheeler insurance premium calculator page.

How to choose the right two-wheeler insurance policy
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To choose the best two-wheeler insurance policy, you need to know the basics of bike insurance. Because when you are looking to buy insurance for bikes online, you end up coming across so many options. Hence, choosing the right policy becomes a challenge with so many options at your disposal. Here are a few points that you should be aware of to pick the right vehicle insurance for your bike/scooter.

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Correct IDV
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Insured Declared Value is the approximate value of your two-wheeler, and it plays a vital role in the insurance premium. It is also the compensation you receive if your bike/scooter is lost or stolen. Whether you buy insurance for a new bike or an old two-wheeler, choosing the right IDV becomes crucial.

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Compare quotes
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One of the significant advantages of buying the best bike insurance online is the ability to compare different policies and premium quotes. You can visit the websites of different insurers and compare the premium by using their respective bike insurance calculators. The best policy would be the one that provides maximum coverage, relevant features, and apt services at a lower premium.

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Check the coverage
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An ideal bike insurance policy should be able to cover you against a variety of events, and that's what you pay for! So, always check the plan's coverage by going through the respective policy wording before finalising the purchase decision.

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After-sales service
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Apart from coverage and claims, the after-sales service is an essential factor while choosing a 2 wheeler policy. Check the claim procedure, service benefits, bike claim settlement ratio and the reviews on the internet before freezing in on an online two wheeler insurance provider. Don't just go by the premium and coverage because the quality of service you get after you buy the policy often defines the actual benefit of the policy.

Documents required to avail bike insurance online
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You need not submit any documents to buy two wheeler insurance online from our website/app. All you have to do is provide a few basic details about your two-wheeler. Here are the required details to buy/renew insurance for bikes from us.

How to get a physical copy of your bike insurance policy
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To get a physical copy of your ACKO Bike Insurance Policy, follow the below-mentioned steps.

Step 1
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Go to the top of this page to access your ACKO account.

Step 2
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Under your bike insurance policy, select the “Policy Document” option and choose “Download” (you can also email or Whatsapp your insurance policy document).

Step 3
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Take a print of the bike insurance soft copy to get the physical copy of your two-wheeler insurance policy.

How to download your bike insurance policy copy
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Misplacing or losing your two-wheeler insurance policy is no longer a huge concern, as you can download your copy of your bike insurance policy instantly online. Follow the below-mentioned steps to get a duplicate bike insurance policy.

Steps to download your bike insurance policy.

You can also email or Whatsapp your bike insurance policy.

Things to know while buying insurance for bikes
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Buying a two-wheeler insurance plan for your scooter or bike can be tricky, especially if you are doing it for the first time. However, with a proper understanding and knowledge of basic things related to India's insurance rules and regulations, you can choose the best 2 wheeler policy. Here are a few things you should know when shopping for 2-wheeler insurance.

1. Why is it mandatory to buy an insurance policy for bikes/scooters in India?
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According to a report from NCRB (National Crime Records Bureau), 43.6% of road accident victims in 2020 were two-wheeler riders. That's mainly because of the high number of two-wheelers plying on Indian roads. It is one of the main reasons why the Third-party Bike Insurance Policy is made mandatory as per The Motor Vehicles Act. In case of an accident, the law-mandated policy covers the resulting damages and losses.

2. How can mandatory Third-party Insurance be helpful?
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Safeguards third party: Accidents are bound to happen when several vehicles are on the road. Vehicles can be repaired, but what about the third party who is affected by such accidents.? That's when the Third-party Policy comes to the rescue. It covers the losses and damages suffered by third parties due to an accident caused by your vehicle.

Avoids legal complications: One of the aftermaths of an accident is handling the legal process. With a two wheeler insurance policy, your legal burden shall be reduced, thanks to the Third-party Policy.

3. Discounts
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Did you know that you can avail of additional discounts on your two-wheeler policy premium by installing an anti-theft device in your vehicle? Yes, it is true!

- The insurers can offer you an additional discount if you have installed ARAI (Automotive Research Association of India) approved safety devices in your bike/scooter. - Such devices reduce theft risk; hence, you get a discount for the premium.

Factors affecting two-wheeler insurance premium
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You may have noticed that the policy premium varies from one vehicle to another. Ever wondered why? That’s because of the factors that affect bike insurance premium calculation. Let’s have a look at the same. Note that only the vehicle’s make/model and engine capacity impact the Third-party Policy premium. The rest of the factors are only applicable to the Comprehensive Insurance premium.

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Type of coverage
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The primary factor impacting the premium is the chosen coverage or the type of insurance plan. For example, a Third-party Policy is a lot cheaper than a Comprehensive Policy. Because the former covers only third-party liabilities, and the latter covers third-party liabilities and Own Damage. Similarly, you will pay a higher premium if you opt for any available add-on covers.

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Two-wheeler make/model and variant
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The next significant factor that may alter the premium is your two-wheeler's make/model and variant. For instance, if you own a basic commuter bike, you pay less premium. On the other hand, a high-end motorcycle will attract a higher premium. That's because the higher the value of the insured bike, the higher the risk for the insurer. Hence, the premium goes up to cover the higher risk factor.

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IDV
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Insured Declared Value or IDV plays a critical role in deciding a policy's premium. It is the approximate market value of a vehicle, and it is also the sum insured amount of the insurance policy. It is calculated after determining the value of your two-wheeler. So, if you own a premium vehicle, the IDV will be high, and the premium will increase. Note that it’s not your bike’s resale value.

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Age of the two-wheeler
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The vehicle's age dictates its market value, and the market value is nothing but the IDV. Hence, a new two-wheeler has a higher IDV, and in turn, the premium is also on the higher side. Whereas an old bike/scooter's IDV is lower, the same applies to the premium. That's the reason why insuring a new vehicle costs more than insuring an old vehicle.

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NCB
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No Claim Bonus or NCB is the discount you can avail of for not raising any claim in a policy year. The discount applies during the policy renewal, and the premium reduces depending on the percentage of discount you are eligible for. You can get up to a 50% discount on the premium (Own Damage component) for not raising any claims for five consecutive years. You can also transfer the NCB benefits if you switch to a new insurer.

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Vehicle's location
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The geographical location where you ride the vehicle also plays a role in premium calculation. For instance, if you reside in a metro city, the risk of an accident is high. Hence, the premium will be on the higher side. On the other hand, the premium will be lesser in a tier-1 or tier-2 city where the risk factor decreases. Hence, your location also impacts the insurance premium.

How can you save on the two wheeler insurance premium?
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Here are a few points that you can keep in mind to save on bike insurance premiums. Note that these tips are for purchasing a Comprehensive 2 Wheeler Insurance Policy.

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Choose the two-wheeler model wisely
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Insuring a commuter motorcycle is cheaper than insuring a premium sports bike. That’s because the sports bike has a larger engine capacity and higher market value than the commuter model. So, it’s better to consider the long-term two wheeler insurance costs while purchasing your new two-wheeler.

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Know your two-wheeler’s correct value
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Knowing the correct market value of your bike/scooter can save you money. Sometimes the IDV may be higher than the actual value of your vehicle. In such scenarios, knowing the accurate value helps to decrease the insurance premium because the lesser the IDV, the lower the premium.

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Opt for Voluntary Deductible
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Voluntary Deductible refers to the amount you agree to pay out of your pocket during a claim. You can increase the percentage of Voluntary Deductible if you are confident enough that you are not going to raise a claim during the policy tenure. Increasing the percentage of this component will decrease the premium.

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Use your NCB discount
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Ensure that you utilise the NCB discount while renewing your policy. Even if you switch from one insurance provider to another, you can use the discount. You can get up to a 50% discount on the two-wheeler policy premium (Own Damage component) if you have not raised a single claim for five consecutive years.

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Renew the policy on time
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Always make sure to renew the two wheeler insurance policy before the due date. You lose the NCB benefits if the policy is not renewed within 90 days of expiry. Hence, renewing the insurance plan on time can save you from paying higher premiums.

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Anti-theft devices
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Insurers offer discounts on premiums if your vehicle has an ARAI-certified anti-theft device. It reduces the risk of vehicle theft. Hence, insurance providers will reward you for the same by reducing the premium.

Bike insurance prices for different two-wheelers
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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 2021-22. Prices are subject to change as per the IRDAI.

Cubic Capacity (cc) of the two-wheeler Third-party Bike Insurance price
Less than 75cc Rs. 482
75cc to 150cc Rs. 752
150cc to 350cc Rs. 1,193
More than 350cc Rs. 2,323

Why should you renew expired bike Insurance immediately?
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You should renew an expired bike insurance because it is as good as not buying an insurance policy. That’s because an expired policy does not offer any coverage irrespective of the type of policy you had purchased. Be it a Third-party Two wheeler Policy or a Comprehensive 2 wheeler Plan; if it’s expired, you are vulnerable to financial losses due to damages to your vehicle and third-party liabilities.

Hence, it’s extremely crucial that you renew expired bike insurance immediately to avoid financial losses due to accidents and other unfortunate incidents. We recommend renewing the policy even before it expires to ensure seamless coverage. Buying a multi-year policy also helps in this regard as you need not renew the policy every year.

Buy or renew second-hand bike insurance online
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If you were under the impression that you could buy/renew the bike insurance policy online only for new two-wheelers, it’s time to change the perception. Yes, you can purchase or renew the policy online for second-hand two-wheelers as well.

But wait, do not buy insurance for your second-hand bike without checking with the bike’s previous owner about insurance details. If the second-hand two-wheeler is already insured, you can transfer the policy to your name within 14 days of vehicle purchase. Besides, you should keep the following points in mind regarding second-hand 2-wheeler insurance.

Without a proper understanding of terminologies and jargon related to insurance, buying a two wheeler insurance plan might get complicated. However, the process of bike insurance purchase becomes a walk in the park if you have the basic knowledge about the terms associated with 2 wheeler insurance. Learn more about important two wheeler insurance terminologies and jargons.

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IDV (Insured Declared Value)
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Insured Declared Value or IDV is the approximate market value of your two-wheeler. It is also the sum insured amount of the policy. That means if your vehicle suffers a total loss, the insurer will pay you the IDV (sum insured) amount. Hence, setting the correct IDV while purchasing the policy becomes crucial. For bikes/scooters older than 5 years, the policyholder and the insurance provider can come to a mutual agreement regarding the vehicle’s market value.

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Depreciation
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Over time, the value of your two-wheeler decreases due to factors such as wear and tear, and regular use. An insurer accounts for the decrease in value when you raise a claim, and the insurance term for it is depreciation. So, when the insurer settles the claim, the depreciation value will be subtracted from the claim amount you receive. So, as the vehicle gets older, the depreciation increases.

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NCB (No Claim Bonus)
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No Claim Bonus is a discount an insurer offers you for not making any claims in a policy year. In simple words, NCB is a reward for you being a safe rider. This discount can be availed during two wheeler insurance renewal, and it reduces the insurance premium.

For the first claim-free year, you are eligible for a 20% discount on the Own Damage component of the premium. The discount increases up to 50% if you have not raised a claim against your two wheeler policy for 5 consecutive years.

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Deductible
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A deductible is a contribution made by the policyholder towards the claim amount. In simple words, it's the part of the repair bill that you need to pay from your pocket if you raise a claim against any damages. There are two types of deductibles: Compulsory and Voluntary.

The Compulsory Deductible is set by IRDAI (Insurance Regulatory and Development Authority of India). A Voluntary Deductible is optional; you can opt for it to reduce the premium amount. It may be beneficial if you are a safe rider and the probability of you raising a claim is close to nil. Learn more on two wheeler insurance terminologies and jargons.

Frequently asked questions about bike insurance
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Questions about ACKO two-wheeler insurance

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Can I buy bike insurance online for my new scooter from your website?

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 policy instantly at your registered email address.

Is buying a bike insurance policy online safe, and how do you offer low-cost two-wheeler policies?

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.

What documents do I need to submit to buy a bike insurance policy from you?

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

  • Purchase year

  • The location of the vehicle

  • Existing/previous policy details (if you are renewing with a new insurer)

How to download the bike insurance policy online?

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.

Can I opt for only the Own Damage cover for my scooter while buying insurance?

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 the covers. Buying a Comprehensive Policy will help in this regard as it comes with both third-party Liability and Own Damage cover.

Do I have the option to choose my preferred IDV when buying a bike policy?

Yes, you have the option to customise the IDV for 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.

Questions you may have about motorcycle insurance

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Why should I buy two wheeler insurance for my 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 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 policy even covers events such as vehicle theft.

What does endorsement mean in bike insurance, and what's the difference between premium and non-premium bearing endorsement?

The endorsement in motor 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.

Which is the best bike insurance company in India, and which is the best two wheeler insurance policy to buy?

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.

Does my bike's make/model and variant affect the two wheeler insurance premium?

Yes, your vehicle's make/model, variant and the purchase year affect the premium and the IDV.

How can I find out my 2 wheeler insurance policy number?

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 policy document.

  • Check the email sent by the insurer.

  • Log in to your insurance account via website/mobile app to view the policy number.

  • Call the customer support team.

How do I check the status of my two wheeler insurance policy?

You can check bike insurance status by logging in to your account via the insurer’s website/app. Once you log in, you can view details such as policy period and policy expiry date. Alternatively, you can also refer to the policy document for the same. You can also call the customer care number provided by your insurer to get the same details.

Is the soft copy of the bike insurance policy valid in India?

Yes, the soft copy of the two wheeler policy stored in PDF format (digitally signed) on your mobile or the DigiLocker app is valid in India. You need not carry the physical document every time you ride your two-wheeler.

My bike has been severely damaged in an accident. What should I do next?

If your bike is severely damaged in an accident, the first thing to do is to intimate the insurer and raise a claim for the same. You can scroll up or login via the mobile app and select the “Claim Now” option. Answer a few questions related to the bike damage, upload the relevant pictures and hit the “Submit” button. Our claims team will take care of the rest.

How to pay two wheeler insurance online?

Here are the digital payment options to pay the bike insurance premium online.

  • Debit card

  • Credit card

  • Net Banking

  • UPI (Unified Payments Interface)

  • Digital wallets

What will happen to my bike insurance policy if I relocate to another city?

The coverage of your 2 wheeler insurance policy remains unaffected if you relocate. However, you need to update your new address in the policy details. You can do that by visiting our website/app or calling our customer support service. Note that there could be a change in insurance premium depending on the city you are moving to.

How to buy bike insurance at the lowest premium?

To get 2 wheeler insurance at the lowest premium, you can opt for an online insurance purchase. You can bypass middlemen commissions while buying two wheeler insurance online. Hence, you can buy low-cost insurance policies.

What is Standalone Own Damage bike insurance?

It is a type of two wheeler insurance policy that provides coverage against damages to your vehicle.

Know more about online bike insurance policy purchase and renewals

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How do I renew my two wheeler insurance policy?

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 policy quote. Choose the plan, pay the premium and instantly get the policy in your inbox.

Can I opt for a different insurance plan while renewing my existing policy?

Yes, you can opt for a different insurance policy during renewal. For instance, if you have a Third-party Plan, you can upgrade to a Comprehensive Plan. 

Can I renew expired bike insurance, and what is the break-in period in two wheeler insurance?

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 insurance plan remains inactive and you cannot raise claim requests. Usually, a policy purchased after the break-in period is considered as a new insurance plan.

Is it better to buy a multi-year bike policy than a single-year insurance plan?

It is a good option to opt for a multi-year 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.

Know more about terminologies in two wheeler insurance

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What is the premium in bike insurance?

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.

What is a grace period in two-wheeler insurance?

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.

What does total loss mean in two wheeler insurance?

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.

Know more about bike insurance policy claims

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Which documents do I need to provide while raising a claim against my two wheeler policy?

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)

What are cashless and reimbursement claims in bike insurance?

Cashless Claim is a claim process wherein the insurance provider will directly pay the repair bill (as per policy’s terms and conditions) to the network garage. You only need to get the vehicle repaired, 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. 

What does a surveyor do during the bike insurance claim process?

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.

Is it a good idea not to claim for minor damages?

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.

Download the bike/two-wheeler insurance Policy Wordings
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The Electric Vehicle (EV) market is witnessing a spurt in growth in 2022, with sales of more than 2.75 million recorded from April to September. In August 2022, the total sales were more than 50,000 units, while in September, the sales were 51,784 units. Overall, the EV sales for the first half of FY2023 were at 2,77,910 units. A growth of more than 404% compared to last year's period. Among the sales, Okinawa Autotech leads the sales chart with 52,236 units recorded from April to September 2022. Ola Electric stands second with total sales of 44,801 units during the same period. And Hero Electric was third, with EV sales of 43,388 units.

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In a directive by the Delhi government, consumers cannot buy petrol and diesel if they do not have a valid Pollution Under Control Certificate (PUCC). The order aims to curb vehicular pollution in Delhi. The rule comes into effect on 25 October 2022. As per Delhi Transport Department, more than 17 lakh vehicles are plying on public roads in Delhi without a valid PUCC. This includes more than 13 lakh two-wheelers and more than 3 lakh cars. The penalty for driving a vehicle without PUCC is Rs. 10,000 or six months of imprisonment or both, as per The Motor Vehicles Act 1988.

Need more help?
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Have queries related to ACKO’s car/bike insurance policies? Refer to [Policy Wording](https://www.acko.com/download) for detailed information or reach out to us via email or phone using the information below.

Email
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Write to us at [email protected]

Phone
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Call us on 1800 266 2256

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