Acko BIKE / Scooter Insurance Review

 ACKO bike insurance offers add-ons that provide additional coverage. These include:

Zero Depreciation Cover

This cover is most suitable for insurance taken for a new bike. With this protection, you do not take a cut in

the depreciation value of your bike due to wear and tear that occurs with time, instead you get the full value of your bike repairs.

Roadside Assistance Cover

This add-on helps the user get access to 24×7 emergency roadside assistance such as towing services during bike breakdowns.

Key Replacement Cover

This cover allows the policyholder to save on expenses incurred for replacing a lost, stolen, or damaged key and replace a lock, whenever needed.

Outstation Emergency Cover

This cover offers protection against accidents or breakdowns outside a 100-km radius of your residence. If the repair time exceeds 12 hours, policyholders can claim a reimbursement amount depending on the terms and conditions mentioned in their policy.

Consumables Cover

This add-on offers protection from expenses incurred on consumables such as engine oil, gearbox oil, lubricants, nut and bolt, screw, etc during an accident. All ACKO’s bike insurance plans barring the third-party plan include this coverage at no additional charge.

Engine Protection Cover

This cover protects the policyholder against losses caused due to a damaged bike engine.

No Claim Bonus (NCB) Protection

This cover helps you retain your no claim bonus discount intact despite making a claim. Usually, once a claim is raised, the NCB nullifies. This cover ensures you can enjoy the NCB discount.

Return to Invoice Cover

This cover helps you claim the entire cost detailed in your bike’s invoice whenever an incident of theft happens or your bike gets damaged beyond repair. This amount would include your bike registration cost and road tax too.

Personal Accident Cover for Passengers

This cover helps you provide financial protection to your loved ones in case of an accident leading to permanent disability or death. Under this cover, you can get access to a coverage amount of up to INR 1 lakh per passenger. The Indian government mandates owning a personal accident cover when a third-party insurance plan is opted for by the policyholder.