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ACKO Third-Party Two-Wheeler Insurance provides liability protection for eligible injury, death or property damage caused to a third party by the insured bike or scooter. Third-party motor insurance is legally required for vehicles used on public roads in India. This policy does not normally cover accidental damage to the policyholder’s own vehicle or its theft. The premium depends on factors such as vehicle category, engine capacity and the applicable statutory premium structure. Coverage, limits, exclusions and claim requirements are governed by the issued policy and applicable law.
Helps meet the legal third-party motor insurance requirement in India
Third-party insurance is designed to meet the legal liability requirement rather than repair or replace the owner’s own bike. Before purchasing, verify the vehicle details, policy duration, third-party liability terms and premium shown in the final quote. Owners who also want protection against damage to their own vehicle should compare comprehensive insurance or a suitable standalone own-damage policy. Claims remain subject to the policy wording and applicable law.
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 legal liability for bodily injury caused to a third party by the insured vehicle.
Subject to policy terms and applicable law.
Provides cover for eligible legal liability arising from a third-party death involving the insured vehicle.
Claim assessment and compensation follow applicable law.
Covers eligible liability for damage caused to third-party property, subject to applicable limits.
Check the policy wording for the applicable limit and conditions.
Provides the liability protection specified by the motor policy for covered third-party incidents.
Not a substitute for legal compliance and valid driving documents.
Helps meet the legal requirement for third-party motor insurance when the vehicle is used on public roads.
Maintain valid insurance for the required period.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
ACKO plans and claim process
It covers eligible third-party liability for bodily injury, death and property damage, subject to applicable limits and policy terms.
No. Third-party-only insurance does not normally cover accidental damage to or theft of your own vehicle.
Third-party motor insurance is legally required for vehicles used on public roads in India.
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)
The premium depends on vehicle category, engine capacity, policy duration where relevant and applicable statutory rates.
You can obtain a quote for a comprehensive policy or arrange suitable own-damage cover, subject to insurer requirements and policy terms.
No. Theft of your own bike is not normally covered by a third-party-only policy.