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Own Damage digital copy
Policy Number: DBOR10266982144/00
Bike Reg. no. Policy Starts Policy Expires
TVS Raider GJ35K8117 2024 2025
Bike Owner
SWAPNILKUMAR
Insured Value
90,917
1 30
October September
PATEL
Plan Coverages
An own-damage-only plan that offers complete coverage for damages to your bike for one year.
Own Damage
Accident Coverage for damages and losses to your vehicle resulting from accidents and collisions.
Fire Coverage for damages and losses to your vehicle resulting from accidental fires.
Theft Coverage for losses (up to the total declared insurance value) in the event of theft of your vehicle.
Calamities Coverage for damages and losses resulting from calamities such as earthquakes, floods, and cyclones.
Addons Selected
Get covered for engine and gearbox damage from oil leakage, water penetration during floods or rains—this
Engine Protect damage is not covered by your standard plan.
Please refer to the addon detail page for more information.
What's not covered
Covers financial or legal losses due to damage to any third-party person (unlimited) or property (up to Rs. 7.5
Third party liability Lac).
Non-Accidental Damages Damages resulting from wear and tear, breakdowns, and mechanical failures.
Regular wear and tear of these items is not covered by the policy. However, if the items are damaged in an
Tyres & Tubes accident along with the vehicle damage, they will be covered with a 50% depreciation cut.
If you are installing non-OEM parts such as halogen bulbs, stereos, or bifuel kits, please inform us in advance
Undeclared Non-OEM parts so that we can add them to your coverage.
QUICK In case of an accident or breakdown, all you have to do is inform ACKO, and we will take care of
TIP everything!
Had an accident?
3 easy ways to claim!
FASTEST
Via Visit Call us
Acko app [Link] 1800 266 2256
How do I claim with ACKO?
STEP 1 STEP 2 STEP 3
We settle
Inform ACKO first via acko. We handle your
approved
com or Acko app claim process
claim amount
Track realtime status of your repair/claim on our Acko App
What are my out of pocket expenses?
Compulsory You will be charged 100 at the time of claim. This amount is fixed across insurance companies and as
Deductible 100 regulated by Motor Tariff.
What are the reasons my claim might get rejected?
Commercial usage of the bike
If the bike is registered as a private vehicle and is used for commercial purposes, then the losses or liabilities due to
accidents during such usage are not covered under this policy.
Aggravated loss
Aggravated loss refers to the damage caused to a vehicle resulting from its continued use after it has been damaged in an
accident.
Illegal Driving
Damage resulting from a person driving the bike without a valid driving license or under the influence of liquor/drugs is not
covered under this policy.
QUICK If you don't make any claims during your policy period, you'll be eligible for an increased No Claim
TIP Bonus discount.
Bike & Premium details(Stand-Alone Own Damage Two Wheeler Policy)
Certificate of insurance cum policy schedule
Bike details
Registration number GJ35K8117 Registration year 2022
Reg. Authority name GJ-35 Engine CC/ Fuel type 125/Petrol
Bike TVS Raider Engine number AF9GN1X12664
Hypothecation NA Chassis number MD625AF92N1G17614
What you paid to ACKO - Own Damage
Own Damage Premium (A)
Basic Own Damage 1,786.00
NCB Discount(25%) - 446.45
Addon(s) Premium
Engine Protect 99.00
Net Own Damage Premium (A) 1,438.55
Total Package Premium 1,438.00
IGST (18%) 259.00
Total Premium 1,697.00
Previous Policy document is required in case of claim within 30 days of Acko Policy Start Date
For Acko General Insurance
Ltd. Constituted Attorney
Scan this to renew your policy
QUICK
In case you need ACKO's GSTIN, here it is - 29AAOCA9055C1ZF
TIP
Things to know about calculation of depreciation during claims
What is Depreciation? It is the factor that affects the value of bike & it's parts with time due to wear and tear so the insurer considers
depreciation factor and would pay you the claims only after deducting the depreciation. If you already have a Zero depreciation plan you
may not worry about these deductions due to depreciation.
Depreciation applied at the time of claim
Depreciation % on various parts Depreciation % on Metal parts
For all plastic, rubber, nylon parts & batteries 50% Under 6 months 0%
For fibre components 30% 6 months to 1 year 5%
For glass components 0% More than 1 year to 2 years 10%
For Paint Material 50% More than 2 years to 3 years 15%
More than 3 years to 4 years 25%
More than 4 years to 5 years 35%
More than 5 years to 10 years 40%
More than 10 years 50%
Let's understand Zero depreciation cover with an example.
Let's say your bike meets with an accident and the front fender which is made of plastic gets completely
damaged! Sad
Repair Cost : 10,000
Depreciation cost on plastic materials is flat 50%
Without zero depreciation plan
Depreciation Cost to be paid by Customer - 50% of 10,000 = 5000
With zero depreciation plan
You don't have to pay the depreciation cost so you save 5000 in this case
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TIP
Selected Addon's Explained
Engine Protect Validity: 1st Oct 24 - 30th Sep 25
UIN: A0055V02201920
While standard Bike insurance policies cover damages caused to your Bike's internal engine, gearbox, and differential
assembly during accidents, this add-on provides protection, not only in the event of an accident but also in case of aggravated
damages such as water ingression, hydrostatic lock, or coolant/lubricating oil leakage due to any accidental means. For
example, if your Bike is caught in heavy rain and water enters the engine, causing it to shut down, the cost of repair or
replacement would be covered by the engine protect add-on.
QUICK
Add-ons are just like toppings on pizza, they enhance coverage of your bike insurance policy!
TIP
Limitations as to use
The Policy covers use of the vehicle for any purpose other than:
a. Hire or Reward b. Carriage of goods (other than samples or personal luggage) c. Organized racing
d. Pace making e. Speed testing f. Reliability Trials
g. Any purpose in connection with Motor Trade.
Persons or Class of Persons entitled to drive:
Any person including the insured, provided that a person driving holds an effective driving license at the time of the accident and is not
disqualified from holding or obtaining such a license. Provided also that the person holding an effective learner's license may also drive the
vehicle and that such a person satisfies the requirements of Rule 3 of the Central Motor Vehicles Rules, 1989.
Limits of Liability:
1. Under Section II-1 (i) of the policy - Death of or bodily injury - Such amount as is necessary to meet the requirements of the Motor Vehicles
Act, 1988.
2. Under Section II - 1(ii) of the policy -Damage to Third Party Property - Rs. 0.0
3. P. A. Cover under Section III for Owner - Driver (CSI): Rs. 0.0
Terms, Conditions & Exclusions:
As per the Indian Motor Tariff. A personal copy of the same is available free of cost on request & the same is also available at our website.
I / We hereby certify that the policy to which the certificate relates as well as the certificate of insurance are issued in accordance with the
provision of chapter X, XI of M. [Link] [Link] Duty of Rs 0.50 is paid as provided under Article 47 of Indian Stamp Act, 1899 and
included in the Consolidated Stamp Duty paid with the Department of Stamps, Bengaluru - Karnataka
Important Notice:
The Insured is not indemnified if the vehicle is used or driven otherwise than in accordance with this Schedule. Any payment made by the
Company by reason of wider terms appearing in the Certificate in order to comply with the Motor Vehicle Act, 1988 is recoverable from the
Insured. See the clause headed "AVOIDANCE OF CERTAIN TERMS AND RIGHT OF RECOVERY”.
Intermediary details:
Policy issue office Bengaluru Intermediary name Acko General Insurance
Phone number NA Intermediary code 218
Disclaimer:
The Policy shall be void from inception if the premium cheque is not realized. In the event of misrepresentation, fraud or non-disclosure of
material fact, the Company reserves the right to cancel the Policy. Please note that the insured vehicle was pre-inspected and a report was
prepared accordingly. The existing damages to the vehicle as mentioned in the report shall not be paid by the Company. The policy is issued
basis the information provided by you, which is available with the company. This policy is to be read in conjunction with the policy wordings
([Link] available on the website of the company. On renewal, the benefits provided under the policy and/or terms
and conditions on the policy including premium rate may be subject to change. In case of any kind of total loss or theft, settlement will be
done after adjusting for subsidy. In case of discrepancy/non recording of relevant information in the policy, the insured is requested to bring
the same to the notice of the company within 15 days.
Prohibition of rebated (section 41) of the insurance act - 1938 (as amended)
1. No person shall allow or offer to allow, either directly or indirectly as an inducement to any person to take out or renew or continue and
insurance in respect of any kind or risk relating to lives or property in India, any rebate of the whole or part of the commission payable or
any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate
expect such rebate as may be allowed in accordance with the prospectus or tables of the Insurer.
2. Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to 10 lakh rupees.
For Acko General Insurance Ltd.
Duly Constituted Attorney
ACKO General Insurance Limited Product: Stand-Alone Own Damage Two Wheeler Policy IRDAI Reg No.: 157
Acko Address - 36/5, Hustlehub One East, Somasandrapalya CIN : U66000KA2016PLC138288 HSN: 997134
27th Main Rd, Sector 2,HSR Layout, Bengaluru, 560102 UIN : IRDAN157RP0034V02201920
Proposal Form
Dear SWAPNILKUMAR PATEL,
We wish to inform you that the Insurance policy number DBOR10266982144/00 has been issued on the basis of the information and
declaration given by you, the transcript whereof is mentioned below.
Please be informed that this Policy shall be construed to be void ab initio/invalid in the event we find that you have not disclosed material or
correct information required for the purpose of providing the below insurance cover and in case of any claim arising under the policy in such a
scenario, we shall be under no obligation whatsoever to settle such claim to you and the premium paid by you under this policy shall stand fully
forfeited.
Policy Details Bike owner details
Period of insurance 01 Oct 24 04:14 PM to 30 Name SWAPNILKUMAR PATEL
Sep 25 11:59 PM
Email sw******************@gmail.
Policy issuance date 28 Sep 24 04:16 PM com
Mobile number 87******59
NCB 25%
Pincode 389220
Bike details Previous policy details
Bike number GJ35K8117 Previous policy expired Expired(Within 90 days)
Make/ Model TVS Raider Previous policy insurer ICICI Lombard General
Insurance Co. Ltd
Type private
Previous Claim false
Fuel type Petrol
Registration year 2022
Registration month August
Premium receipt
Invoice number DBOR10266982144/00
Net Premium 1,438.00
IGST (18%) 259.00
Total Premium 1,697.00
Payment Date 28 Sep 24 04:14 PM
Insured Declared Value (IDV)
Tenure Period Vehicle IDV () Total IDV ()
Year 1 1st Oct 24 to 30th Sep 25 90,917 90,917
We hereby declare that though our aggregate turnover in any preceding financial year from 2017-18 onwards is more than the aggregate
turnover notified under sub-rule (4) of rule 48 of CGST Rules 2017. We are not required to prepare an invoice In terms or the provisions or the
said sub-rule.