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ACKO Standalone Own-Damage Two-Wheeler Insurance is designed to protect the insured bike or scooter against covered damage and loss. Depending on the issued policy, insured events may include accidents, theft, fire and specified natural or man-made calamities. This policy is intended to provide own-damage protection separately from third-party liability insurance. The owner must maintain the required valid third-party cover separately. Premium, IDV, deductibles, exclusions and claim conditions depend on the final quote and policy schedule.
Cover for eligible accidental damage, theft, fire and specified calamities
Standalone own-damage cover can be useful for owners who already maintain third-party insurance and want separate protection for their own vehicle. Before purchase, check the IDV, deductibles, depreciation treatment, claim conditions and whether the policy start date aligns with the existing third-party cover. Do not assume this policy replaces third-party insurance. Claims are payable only for covered events and remain subject to the policy wording and required documentation.
ACKO
Key Insights
Founded
2016
ACKO was established 10 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
95.5% CSR, calculated as a 3-year average
ACKO settles 95.5% of all claims it receives, demonstrating strong credibility.
Contact Details
1800 266 2256
Headquarters: Office No. 301-302, 3rd Floor, F Wing, Lotus Corporate Park, Off Western Express Highway, Jay Coach, Goregaon East, Mumbai – 400063, Maharashtra, India
Covers eligible damage to the insured two-wheeler caused by covered accidents.
Deductibles, depreciation and exclusions may apply.
Provides cover for eligible theft of the insured bike or scooter.
Claim settlement depends on IDV, policy conditions and required documents.
Covers eligible vehicle damage caused by specified covered fire-related events.
Refer to policy wording for applicable exclusions.
May cover eligible damage caused by specified events such as floods or storms.
The event must be included within the policy cover.
May cover specified external events listed in the policy wording.
Coverage is limited to insured events and applicable exclusions.
Where offered and selected, may reduce eligible depreciation deductions on replaced parts.
Optional; availability, eligibility and additional premium must be confirmed.
Where offered and selected, may cover specified engine-related losses beyond the base policy.
Optional; actual protection depends on add-on wording.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
ACKO plans and claim process
It covers eligible damage or loss to the insured bike or scooter under the policy terms, separately from third-party liability insurance.
No. Third-party liability must be covered through a separate valid policy.
Theft is generally covered when included in the issued policy and when claim conditions are met.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official ACKO website before purchasing.
Official Website
acko.com
Visit the official ACKO website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
It may suit owners who already have valid third-party insurance and want separate own-damage protection.
The quote depends on vehicle details, location, IDV, tenure, selected covers and applicable pricing.
Yes. Owners must maintain the required valid third-party motor insurance for road use in India.