Want to renew two wheeler insurance policy!

Want to renew two wheeler insurance policy!

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anyone suggest the best and cheapest way to renew my about to expire two wheeler insurance policy. need longest tenure as possible and my one bike bought in 2016 and the other is 2013.

18 Comments  |  
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Try ACKO …Also Amazon pay is available as payment option..Extra discount for Prime members…Open Amazon app nd here you’ll see ACKO banner click on this nd then u will redirected to the ACKO site

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Deal Subedar
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Yes try Acko once..I once had a call with acko representative and he professionally answered all my questions

Also acko founder is winning lot of awards in start up category we should encourage them.

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Deal Cadet
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But I am not able to see any offer for two wheelers. Why there is large difference between govt and acko insurance? I am little worried about the service of acko

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rajeshcaicwacs259 wrote:

Yes try Acko once..I once had a call with acko representative and he professionally answered all my questions

Also acko founder is winning lot of awards in start up category we should encourage them.

Instead of checking marketing news, check the facts.

What is their claim settlement ratio?

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Deal Subedar
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Roushh wrote:

Instead of checking marketing news, check the facts.

What is their claim settlement ratio?

May be you can do research and guide others

I guide my own way.

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rajeshcaicwacs259 wrote:

May be you can do research and guide others

I guide my own way.

lol no.

But I just did, wink

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rajeshcaicwacs259 wrote:

May be you can do research and guide others

I guide my own way.

There exists misguidance too.. and marketing over claim settlement falls in that category for insurance purposes. There are other things to look for like IDV, hassle FREE process/ services, number of garages, add-ons like road side assistance etc.. but claim settlement ratio tops it.

Cc: @job4ram @Roushh

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deb3l wrote:

There exists misguidance too.. and marketing over claim settlement falls in that category for insurance purposes. There are other things to look for like IDV, hassle FREE process/ services, number of garages, add-ons like road side assistance etc.. but claim settlement ratio tops it.

Cc: @job4ram @Roushh

Absolutely true.

To save a few bucks, people try to find a cheapest insurance provider but they don’t think about claim settlement ratio at all. They may save a thousand rupee in premium but they will be sorry when the provider doesn’t approve claim for whatever reason.

We have 3 cars at home and we used to buy from Tata AIG. But after it was explained to us by one of my uncle who works in insurance sector, now we only buy automobile insurance from New India Assurance. They are not the cheapest one but being a govt company, they are very generous in claim settlements. They are among the top for settling claims.

https://www.gibl.in/blog/car-insurance/top-10-c...

Bal ganesh
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Roushh wrote:

Absolutely true.

To save a few bucks, people try to find a cheapest insurance provider but they don’t think about claim settlement ratio at all. They may save a thousand rupee in premium but they will be sorry when the provider doesn’t approve claim for whatever reason.

We have 3 cars at home and we used to buy from Tata AIG. But after it was explained to us by one of my uncle who works in insurance sector, now we only buy automobile insurance from New India Assurance. They are not the cheapest one but being a govt company, they are very generous in claim settlements. They are among the top for settling claims.

https://www.gibl.in/blog/car-insurance/top-10-c...

#me2NewIndiaAssurance very reliable though costly, once an year so ok.

Saikcw
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job4ram wrote:

But I am not able to see any offer for two wheelers. Why there is large difference between govt and acko insurance? I am little worried about the service of acko

Legally you need 3rd party bike insurance only
One can go for that only . Saves money

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Roushh wrote:

Absolutely true.

To save a few bucks, people try to find a cheapest insurance provider but they don’t think about claim settlement ratio at all. They may save a thousand rupee in premium but they will be sorry when the provider doesn’t approve claim for whatever reason.

We have 3 cars at home and we used to buy from Tata AIG. But after it was explained to us by one of my uncle who works in insurance sector, now we only buy automobile insurance from New India Assurance. They are not the cheapest one but being a govt company, they are very generous in claim settlements. They are among the top for settling claims.

https://www.gibl.in/blog/car-insurance/top-10-c...

I work for newindia. Glad to hear that you liked the service.

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Suggestion to OP, for old vehicle go for TP only insurance which is mandated by law. Atleast for old two wheelers as the depriciated value of is very low, it make no seNSE to go for own damage cover.

Always check who is giving you higher idv because this is the amount you will get in case of theft or total loss.

ALso you can opt for 2 or 3 years long term plans offered by many companies. use aggregaters like policy bazar for comparision

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arpit2401590 wrote:

I work for newindia. Glad to hear that you liked the service.

Thanks. I really do. plus1

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arpit2401590 wrote:

Suggestion to OP, for old vehicle go for TP only insurance which is mandated by law. Atleast for old two wheelers as the depriciated value of is very low, it make no seNSE to go for own damage cover.

Always check who is giving you higher idv because this is the amount you will get in case of theft or total loss.

ALso you can opt for 2 or 3 years long term plans offered by many companies. use aggregaters like policy bazar for comparision

If we go for third party insurance..there is no point of idv

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Deal Cadet
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Go for tp only unless you own a super bike, normal bikes are not expensive to get repaired from a local mechanic. I dont think you would want to claim insurance for that

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suman1520 wrote:

If we go for third party insurance..there is no point of idv

True…and even premium for 3rd party insurance is fixed by IRDAI and is uniform across all insurers and no discount is allowed onn3rd party premium

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