About Acko General Insurance
Acko General Insurance is a new age insurance provider that sells all its policies through online platforms. This private insurance company was founded in the year 2016 and got licensed by the Insurance Regulatory and Development Authority of India (IRDAI) in the year 2017. It goes behind an online led market and provides all the services digitally.
The company is a new player in the competitive insurance industry. Rather than offering a multi-dimensional product, it has spread its horizons in a more creative way. The retail products offered by Acko General Insurance include Motor insurance, In-trip domestic insurance, and Mobile insurance. It is contributing well in the Car and Bike insurance by providing attractive plans.
Rather than going for the traditional approach, the company has opted for innovative ways of providing insurance. It has partnered with Ola cabs and launched an in-trip insurance program. It is a well-thought plan to provide relief to the people traveling on the cabs and facing various uncertainties during the journey. The program is running well in approx 110 cities in India. It has also partnered with Amazon India to provide multiple mobile insurance plans on the website of the retailers.
The company is working with a vision to make purchasing and effortlessly using insurance. They have shaken hands with the technology and tried to transform the long and tedious process into a quick and easy one. Right after 2 years of establishment, it has managed to raise $42 million funds through its investors like Amazon, Catamaran Ventures, Accel Partners, SAIF Partners.
The world has started to recognise this amazing innovation. It has won the Golden Peacock Award for Innovative Product, featured in Business today in the coolest startup list and featured on LinkedIn’s top 25 startup list.
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Acko Two Wheeler Insurance FAQs
What are the plans offered under Acko two wheeler insurance policy?
Under the two wheeler insurance plan Acko provides Third party Liability, Comprehensive insurance policy, and Standalone Own Damage policy. The third party plan provides cover damage incurred by a third party, the comprehensive plan provides coverage for both third party damages and damages incurred by the insured’s two wheeler whereas a Standalone Own Damage policy covers all the damages incurred by the insured’s two wheeler.
Why should I go for Acko bike insurance?
There are various factors that attract the customers towards buying insurance policy from Acko, such as:
- It assures to provide the insurance at the best price every time. It provides a wide range of offers and discounts while paying bike insurance online.
- It is very convenient to get your insurance online. From buying to renewing, everything can be done in just a few clicks.
- It provides hassle-free settlement of the claim and handles all the further formalities as per the customer’s convenience.
What are the factors determining the price of my two wheeler insurance policy?
The premium amount that the policyholder needs to pay, becomes the cost of the insurance policy. There are several factors that determine the premium such as:
- IDV of the bike.
- Extent of coverage.
- Age of the bike.
- Add-on covers.
- Claim history, etc.
Does Acko bike insurance offer add-on covers?
Yes, there are several add-on covers provided by Acko bike insurance such as Zero Depreciation, Passenger Cover, NCB Protect and Return to Invoice. The customers can get it on getting a comprehensive bike insurance policy.
What are the benefits of getting my Two wheeler Insurance from a fully online platform?
Acko is a platform that offers all its services through online platforms. There are some amazing benefits that the customers can enjoy such as:
- Lower premiums.
- No paper work.
- Service at the door.
- Peace of mind.
- Time saving.
- Rich features in lower price.
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This article is issued in general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.