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Scooters are one of the most convenient modes of transport, especially in cities. Buying two-wheeler insurance is also a convenient way to ensure that your scooter complies with the legal requirements. Moreover, a bike insurance policy provides a financial backup if your two-wheeler is damaged. Aprilia SR 150 is a popular scooter in India known for its agile handling. Read on to know more about Aprilia SR 150 Bike Insurance.
Two-wheeler insurance is important in India, whether it's the Aprilia SR 150 or any other two-wheeler. A bike insurance policy provides financial coverage if the scooter is damaged in an untoward incident. Also, the owner of the scooter complies with the rules and regulations by buying a two-wheeler insurance policy. Below are the benefits of buying two-wheeler insurance for Aprilia SR 150:
Third-Party Cover: A Third-Party/Comprehensive Bike Insurance Policy provides the mandatory Third-Party Liability (TPL) cover. The insurance plan covers third-party damage, including damage to third-party property/vehicle or life.
Example: If your scooter hits and damages another person’s vehicle/property or injures a third-party, such losses are covered by the Third-Party cover. The insurer will cover the financial and legal liabilities arising from such situations.
Own Damage Cover: The Comprehensive Bike Insurance Plan comes with an Own Damage (OD) cover, which covers damage to your Aprilia SR 150. The OD cover provided coverage against vehicle damage caused by accident, fire or man-made/natural calamities. The insurer will provide financial backup for such losses.
Personal Accident Cover: A Personal Accident (PA) cover provides coverage against accidental death/disability to the owner/driver. The Personal Accident cover needs to be purchased when buying/renewing the bike insurance policy.
Theft or Total Loss Cover: The Comprehensive Two-Wheeler Policy also covers theft or total loss of the insured vehicle. If your Aprilia SR 150 is stolen or damaged beyond repairs, such losses are covered by the policy. In such cases, the insurer will pay you the IDV of the insured vehicle.
Add-on Cover: You can even enhance the coverage benefits of the Comprehensive Bike Insurance Plan by purchasing add-ons. You can opt for individual add-ons to expand the scope of coverage of the insurance policy. You can choose the add-ons as per your need or the two-wheeler you own.
Aprilia SR 150 Comprehensive Two-wheeler Insurance provides coverage against the following:
Loss/Damage to the scooter due to an explosion or fire outbreak.
Loss/Damage to the scooter due to an accident.
Loss/Damage to third-party property or life.
Theft or total loss of the insured vehicle.
Loss/Damage to the scooter due to natural disasters such as cyclones, floods, earthquakes, etc.
Loss/Damage to the scooter due to man-made calamities such as vandalism, etc.
Aprilia SR 150 bike insurance will not provide coverage against the following circumstances:
Loss/Damage to the scooter due to wear and tear.
Loss/Damage to the scooter due to improper handling or rash riding.
Loss/Damage to the scooter due to electrical or mechanical failure.
Loss/Damage to the scooter when riding without a valid driving licence.
Loss/Damage to the scooter when riding under the influence of alcohol/intoxicating substances.
Any add-ons which are not bought.
Below are the advantages of purchasing two-wheeler insurance for your Aprilia SR 150 bike from ACKO:
ACKO is a 100% digital general insurance company, and you can buy two-wheeler insurance online without any paperwork. The insurance buying process is simple and completely digital. Just log on to the ACKO website/app to purchase bike insurance for your Aprilia SR 150.
The claim settlement process at ACKO is quick and simple. All you have to do is apply for a bike insurance claim online via the website or app. ACKO offers instant claim settlements for minor damages. In case of major damages, an insurance expert from ACKO will contact you to process the claim settlement.
You can go through ACKO’s website for all the information related to bike insurance. Your queries related to Aprilia SR 150 bike insurance will be resolved by the bike insurance experts. You will also get expert assistance in choosing the right bike insurance policy for your Aprilia SR 150 scooter.
You can choose the required IDV (Insured Declared Value) when buying bike insurance from ACKO. Simultaneously, ACKO will also suggest the ideal value of your two-wheeler after analyzing the vehicle details. You can compare different insurance plans and add-ons before purchasing the two-wheeler insurance policy.
There are mainly two types of bike insurance plans for Aprilia SR 150: Comprehensive Bike Insurance Plan and Third-Party Bike Insurance Plan. Below are the details of both the insurance plans:
A Third-Party Bike Insurance Plan is compulsory as per law. The insurance plan provides coverage against damage to third-party property/vehicle or life. A Third-Party 2-wheeler Insurance Policy is a basic plan, and it does not offer an Own Damage (OD) cover, which covers damages to your two-wheeler.
Buying a Comprehensive Bike Insurance Plan is optional, but it provides extensive coverage for your two-wheeler. The insurance plan comes bundled with Third-Party and Own Damage cover. Comprehensive Policy provides coverage against damage to your two-wheeler caused by accident, fire or man-made/natural disasters. You can also enhance the coverage benefits of the Comprehensive Bike Insurance Plan by purchasing add-ons.
You can purchase add-ons when you opt for a Comprehensive Bike Insurance Plan. The add-ons provide additional coverage benefits apart from the Third-Party and Own Damage cover. Below are the available add-ons for Aprilia SR 150 two-wheeler insurance:
Zero Depreciation Cover
Roadside Assistance Cover
Engine Protection Cover
Outstation Emergency Cover
Loss of Personal Belonging Cover
Key Protect Cover
Follow the steps below to apply for a bike insurance claim online at ACKO:
Step 1 - Download the ACKO smartphone app or log on to the website www.acko.com.
Step 2 - Log in to your account with the registered mobile number.
Step 3 - Click on the Claim button on your policy card.
Step 4 - Enter a few basic details, such as the nature of the damage.
Step 5 - Upload the pictures of your damaged two-wheeler.
Step 6 - For minor damages, you will receive an instant claim settlement.
Step 7 - If the damages are severe, ACKO’s bike insurance expert will get in touch with you to process the claim settlement.
Below are some of the most commonly asked questions about Aprilia SR 150 bike insurance:
Log on to the website (www.acko.com) or app and enter details such as vehicle make/model and year of purchase. Choose the bike insurance plan and add-ons and make the payment online. That’s it, your bike insurance policy will be sent to your email address. There is no paperwork while buying bike insurance from ACKO.
Yes. You can buy a long-term bike insurance policy for your Aprilia SR 150 scooter. ACKO offers 2 and 3-year two-wheeler insurance plans (Comprehensive and Third-Party), and you can select the plans as per your need. You will save on the bike insurance premium by opting for a long-term plan. Also, you need not worry about yearly insurance renewal if you opt for a long-term plan.
Buying at least a Third-Party Bike Insurance Policy is compulsory to comply with The Motor Vehicles Act, 1988. Riding your scooter without a valid motor insurance policy is an offence and will attract hefty penalties. You have to spend money from your pocket for damages caused to your vehicle or third-party property or life if you do not have an active two-wheeler insurance plan. A bike insurance policy covers such losses.
Yes. You can renew your bike insurance policy online, and it takes only a few minutes. Just log on to the ACKO website or app and log in to your account. Select the type of two-wheeler insurance policy and add-ons and make the payment online. That’s it, your bike insurance policy is renewed. You need not submit any documents during the renewal of the bike insurance policy. ACKO offers a paperless experience during the purchase or renewal of the insurance policy.
Yes. Add-ons can be bought separately for a Comprehensive Bike Insurance Plan. You can purchase the add-ons separately while buying/renewing the bike insurance policy. You can opt for individual add-ons as per your need and the vehicle you own. However, there are such Comprehensive Bike Insurance Plans, which come with certain add-ons included in the policy. For example: Some Comprehensive Bike Insurance Plans come with Zero Depreciation add-on included in the policy.
Yes. You can raise a bike insurance claim if your Aprilia scooter is stolen, provided you have an active Comprehensive Bike Insurance Plan. Comprehensive Bike Insurance Policy covers the theft of an insured vehicle. In such cases, you can file a claim with all the necessary documents, and the insurer will compensate you by paying the IDV of the insured two-wheeler.
The timeframe for processing the bike insurance claim settlement depends on the nature of the claim. ACKO offers instant claim settlement for minor damage claims, and for major damage claims, the time frame depends on the severity of the damage to the vehicle. Similarly, theft or total loss claim settlements can take a few days, depending on the completion of the investigation and verification.
A Personal Accident (PA) Cover is mandatory as per law, regardless of which bike insurance plan you buy. The Personal Accident cover is not included in the bike insurance policy. You can buy the PA cover along with the two-wheeler insurance plan. You need to buy the Personal Accident cover only once if you own multiple vehicles.
Yes, you can avoid filing bike insurance claims for minor damages. Because, by making a claim, you will lose out on the No Claim Bonus discount, unless you have purchased a No Claim Bonus add-on cover. So, it’s better to avoid raising claims for minor damages. It will be beneficial in the long run as the NCB discount can go up to 50% if you do not raise a claim for five consecutive years.
If you do not renew the bike insurance policy, it will get expired. An expired two-wheeler insurance policy does not provide any coverage to your two-wheeler. In other words, the insurer will no longer provide you with the coverage benefits if the policy has lapsed. Also, riding your two-wheeler with lapsed motor insurance is an offence, and you may receive a penalty. If you do not renew the policy within 90 days, you will also lose out on benefits such as NCB discount.