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Bike Insurance in Delhi
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Home / Two-wheeler Insurance / Delhi
Delhi is one of India's most crowded cities, and as a result, you have many vehicles on the road. Surveys have shown that two-wheelers outnumber four-wheelers in Delhi, and as a result, the percentage of accidents involving bikes is also rising.
This is why it is imperative to have good bike insurance in Delhi.
Bike Insurance Plans in Delhi
The Motor Vehicle Act of 1988 has made it mandatory by law for every bike in the country to at least have third-party bike insurance to be able to ride anywhere in India legally. That being said, you should not just purchase an insurance policy just to avoid being fined for not having one. Good bike insurance in Delhi will protect you from any financial liabilities that may arise in the event you are involved in an accident in the city. Some policies offer better coverage and cover you in the event your vehicle is stolen or damaged due to natural calamities. ACKO has multiple insurance plans that offer varying levels of coverage based on your needs.
Third-party bike insurance plans
These are basic plans that protect you from any financial liabilities that may arise in the event any damage has been done to a third party's vehicle or property, and if they sustained any minor or fatal injuries. These plans, however, do not cover damages to your vehicle.
Comprehensive bike insurance plans
These plans are a step up from third-party insurance plans. A comprehensive insurance plan offers all the benefits a third-party plan does, while also covering the costs of damages to your bike, as well as if your bike were to be stolen or damaged in natural or man-made calamities like floods, earthquakes, riots for fires.
Personal Accident Cover
While this is not an insurance plan per se, it is an additional cover that is also mandatory by law to protect you financially if an accident leaves you with a permanent disability or a fatal injury.
Benefits of Buying Two-Wheeler Insurance from ACKO
ACKO offers the best bike insurance in Delhi. Apart from a hassle-free and paperless process of buying two-wheeler insurance in Delhi, here are some important benefits.
Instant claim settlements: Once you provide ACKO with all the necessary information, ACKO settles insurance claims for minor accidents in under two hours.
Low-Cost plans: With ACKO, you deal directly with the company, eliminating the need for middlemen and enabling us to offer plans at extremely low costs.
No Claim Bonus: ACKO offers up to 50% discount for 5 claim-free years.
Personal Accident Cover: The Personal Accident Cover offers coverage of up to 15 lakhs for permanent disability or death.
Cashless Repair services: ACKO offers cashless services at select garages so that you don't have to worry about paying upfront to get your bike fixed.
High Claim Settlement Ratio (CSR): ACKO has a high CSR and was at 95.45% for the financial year of 2021-22.
Online process: With ACKO, you can buy and renew your policy online from anywhere in the world.
How to File a Bike Insurance Claim with ACKO
Filing an insurance claim with ACKO is a very straightforward and hassle-free process. Follow the steps mentioned below to file an insurance claim with us.
Goto ACKO's website or mobile app for android or iOS and login to your profile.
Locate and click on the "Claim" button on the policy Card.
Answer all the questions and upload images of the damaged vehicle.
Once done, click on "Submit", and you are done.
What Are the Challenges Faced by Two-Wheeler Riders in Delhi?
The traffic density of Delhi poses many challenges for two-wheeler riders in terms of safety and the probability of being involved in an accident.
Two-wheelers are the most vulnerable vehicles on the road. Being small, they often fall into the blind spots of large vehicles and become unintentional victims of accidents.
Statistics have shown that two-wheeler riders are prone to more fatal accidents at night due to poor visibility and an increase in traffic violations by other vehicles owing to a reduced police presence at night.
Two-wheelers often fall victim to a higher number of hit-and-run incidents between 8 pm and midnight. Less congestion on the roads is seen as an opportunity to drive fast and rashly by irresponsible motorists, in turn putting two-wheeler riders at risk.
The lack of dedicated lanes for two-wheelers, as well as a lacklustre attitude towards lane discipline, especially by larger vehicles, put two-wheelers at an increased risk of accidents.
Two-wheelers also provide no protection to their riders compared to other vehicles, so even minor accidents can lead to more injuries among two-wheeler riders.
That being said, two-wheeler riders also have to take equal responsibility for following the rules and be alert and aware of their surroundings.
How Can ACKO Insurance Come to Aid if Your Bike Is Damaged in An Accident in Delhi?
ACKO offers thebest two-wheeler insurance plans for your bike, and they come with unique advantages over the competition in terms of convenience.
In the event you are involved in an accident, ACKO understands that it may not be possible to inform us immediately. We allow you to inform us about the incident up to 24 hours after it occurred.
The claim process is completely paper-free, and you can file for one using your smartphone. No need to run helter-skelter with documents in your hand while trying to file a claim.
Minor claims are settled in under 2 hours once you provide ACKO with all the necessary information we need.
ACKO also offers a cashless repair service, so you do not need to worry about finances by having to pay upfront to get your bike repaired.
ACKO offers a complete digital experience. You can buy an insurance plan with us and renew your existing plans online, without having to spend your valuable time in taking your bike to the nearest insurance office.
How to Choose the Best Bike Insurance in Delhi?
Choosing the right insurance plan should be an informed decision as it can benefit you a lot in the unfortunate instance that you are involved in a bike accident. Below are some factors to consider when choosing an insurance plan.
Premiums
This is one of the most important factors to consider when choosing an insurance plan. You should choose an insurance plan based on its associated premiums that you can pay comfortably by taking cognizance of your finances.
You should also compare premiums to see how much value you are getting in comparison to what you are paying.
Insured Declared Value (IDV)
The Insured Declared Value comes into the picture only when you opt-in for comprehensive insurance. This is the maximum amount you will receive in the event your vehicle is stolen or written off.
You can increase or decrease your IDV, and this will have a direct impact on your premiums. If you can afford it, it is recommended to select a high IDV so that you are eligible for maximum compensation, in the event the unthinkable happens to your beloved two-wheeler.
Claim Settlement Ratio of the Insurer
The claim settlement ratio is the ratio of claims settled to claims received by the insurance company. The higher this ratio, the more likely your claim will be settled.
It is also important to consider the claim settlement time, which is critical during an accident. The shorter the time it takes to settle a claim, the better the bike insurance policy.
Choice of Add-ons
Certain insurers offer a wider variety of add-ons that you can opt-in for to improve the insurance coverage of your Bike insurance in Delhi. The more choices on offer, the more flexibility you have to improve your coverage based on your specific needs.
A good insurance plan can save you a lot of financial and mental agony if you find yourself a victim of a bike accident. ACKO puts our customer's convenience first to make sure you can focus on the more important things, while we take care of everything in the background.
Frequently asked questions
Here are the answers to some common questions about bike insurance in Delhi.
Which insurance plan is best for bikes in Delhi?
Even though a third-party two-wheeler insurance plan is the basic legal requirement, a comprehensive two-wheeler insurance plan would be the best bike insurance in Delhi. They do come with slightly higher premiums, but the benefits surpass the little extra you pay in premiums tenfold.
Which insurance company is best for bikes in Delhi?
ACKO, hands down, is the best two-wheeler insurance company in Delhi. We offer a complete digital and paperless experience where you can easily buy and renew your two-wheeler insurance online.
Is two-wheeler insurance mandatory in Delhi?
Yes, two-wheeler insurance is mandatory in Delhi by law. You can be fined up to Rs 4000 if you are found to be riding without bike insurance in Delhi.
Disclaimer: The plans, services, features, processes, and other details mentioned on this page are subject to availability and changes. Please check the applicable policy wordings before making any insurance-related decisions. Feel free to reach out to us at [email protected] for any queries.
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