Every car owner wants to be at peace, when it is about the security of his car. Here’s why car insurance becomes a necessity. Moreover, as car insurance is mandatory as per law, there’s no looking away! This is why, Finserv MARKETS, your exclusive insurance marketplace, brings to you Car Insurance plans offered by Acko General Insurance Ltd. (Acko). Whether you want to be on the right side of the law with the basic third-party car insurance or get a complete financial protection with comprehensive car insurance, we have you covered! For those who see insurance as a financial product or one that helps save up on taxes, find it difficult to understand car insurance. Finserv MARKETS not just makes the complex task easy, but also offers you value for your time and money, with extensive Acko Car Insurance plans!
With considerably low premiums, Acko Car Insurance is a truly a cost-effective choice
With a 100% online process, you can settle all your claims instantly, that too without any documentation
With Acko Car Insurance, all minor repairs would be done within 3 days at the time of claim (in select cities).
Acko General Insurance Ltd. understands the varying needs of customers and hence, offers two types of car insurance plans: Comprehensive Car Insurance & Third-Party Car Insurance. Just identify your requirement and pick the plan of your choice.
A Third Party Car Insurance cover is a basic car insurance plan that is designed to cover the injuries caused to third parties and the damage incurred by the third-party property due to your car. Moreover, it is compulsory to get a Third Party Car Insurance as per the Motor Vehicle Act, 2019, failing which, can result in a penalty of Rs. 2000. What’s worse, you can also face 3-month imprisonment! A third-party cover ensures that you are in compliance with the law. Hence, it becomes all the more necessary to get this plan.
Here’s what’s covered in the Third Party Car Insurance cover:
Going by its name, the third-party car insurance covers injuries caused to third parties or their property. Let’s understand this with the help of an example.
If your insured car loses control, resulting in a collision with someone’s car, the insurance policy will take care of the expenses incurred for repairs of those damages. This also includes a basic Personal Accident cover for the person driving the car. The Personal Accident cover insures you against permanent disabilities and even death while driving your car.
Product Name: Liability Only Policy - Private Car, UIN: IRDAN157P0001V01201718
A Comprehensive Car Insurance plan is an enhanced cover compared to the Third Party Car Insurance plan. It not only includes the third-party cover but also offers coverage against Own Damages. With an all-round protection, the cover helps manage liabilities, and also offers a complete financial protection. Hence, despite having to pay a higher premium amount for a comprehensive plan over a third-party plan, it is advisable to go for this plan.
Here’s what’s covered in the Comprehensive Car Insurance cover:
An all-round protection, just as the name suggests, Comprehensive cover brings together the benefits of both, cover for third-party liabilities including Personal Accident cover and Own Damage Cover. Any damage due to unfortunate mishaps like natural & man-made calamities, and even theft is covered under this plan.
Product Name: Private Car Package Policy, UIN: IRDAN157RP0007V02201718
Acko is a trusted insurance companion for many. It's time you too experience the benefits of extensive Acko Car Insurance plans on Finserv MARKETS.
The buying journey for Acko Car Insurance on Finserv MARKETS involves no paperwork, so you need not fall prey to complex documentation.
Now get your Acko Car Insurance in just a few minutes! And the digital platform on Finserv MARKETS makes the process hassle-free!
Purchasing Acko Car Insurance with us at Finserv MARKETS takes just a few minutes. Just follow these quick steps, and you are done!
Visit us online and provide your car & mobile number
Fill the application form with some important details of your car
Pick the Car Insurance plan as per your needs
Make an instant online payment
Your policy will be issued to you within no time
With Acko Car Insurance, you are in compliance with the law that mandates Third Party Car Insurance, while also covering for the damages done by your car to any third-party vehicle while driving.
Apart from fulfilling the liabilities to the third-party, you also get the financial coverage of Own Damage, where your car would be insured against unwanted mishaps such as fire, damage due to floods, etc.
Hail, storm or floods, you need not worry! Your Acko Car Insurance policy covers you for any damages caused to your car due to natural and man-made calamities including earthquake, riots, etc.
Damage caused to your insured car due to unfortunate events like explosion are all covered under your policy
Car theft is one of the most worrying risks for a car owner. In case your insured car is stolen, Acko Car Insurance has you covered against theft.
Damages caused to your car when driving under the influence of illegal substances like alcohol or intoxicating drugs is not taken care of by the insurance policy.
Damages caused to your vehicle during a war or similar conditions are not covered under the policy.
In case your plan is inactive when your car is damaged, it does not cover your damages.
Timely servicing and maintenance expenses due to wear and tear of your car are not covered in the Acko Car Insurance policy.
Damages caused to your car’s tubes, tyres, and engine, unless damaged due to an accident are not covered.
In case of any damages caused when driving without a valid license, insurance does not take care of the expenses incurred.
Items stolen from your car are not covered under your car insurance policy.
An unfortunate accident means unwanted injuries followed by an unplanned financial crunch! While car insurance helps deal with the financial liability of such accidents, it may not be completely enough. At times, even a comprehensive plan may miss out on some vital aspects that need coverage. It’s always better to be completely sure about the financial coverage. Customized add-on covers available with Acko Comprehensive Car Insurance help you get just that! Add-on covers offer an additional protection to your insured car, so you are prepared for any financial crunch followed mishaps.
With emergency roadside assistance cover, you will never be stranded on the road. The on-spot assistance in case of accidents including urgent fuel delivery, flat tyre repair, key services, urgent car fixing, cab services, and towing, let’s you rest assured.
Product Name: Private Car Package Policy - Add-ons: Road Side Assistance, UIN: IRDAN157RP0007V02201718/A0007V01201819
Commonly known as nil depreciation and bumper to bumper insurance cover too, the zero-depreciation cover is a life-saver when it comes to managing external care costs. With no depreciation in the value of the car’s external parts, this cover takes care of all car body repairs or replacements.
Product Name: Private Car Package Policy - Add-ons: Zero Depreciation, UIN: IRDAN157RP0007V02201718/A0006V01201819
With the engine protection add-on, you are covered for the replacement and repair of your car’s engine parts, which include pistons, rods and others, so you need not worry about the complexities.
Product Name: Private Car Package Policy - Add-ons: Engine Protect, UIN: IRDAN157RP0007V02201718/A0004V01201920
With Acko Insurance, car insurance claims are more seamless than ever! To raise a car insurance claim, all you must do is connect with their team and follow some essential steps. The insurer will understand your claim request, assess the claim and provide you with the necessary details.
With Acko General Insurance Limited, you get instant claim settlement for minor damages. On the other hand, there are some claims that may require a detailed claim registration process. But with Acko’s commitment to serve you better, the latter are also managed quickly.
So how do you go about it?
Just follow these steps and you’re done!
*Pick-up of vehicle is available in selected cities only.
At Finserv MARKETS, we are committed to serve you better. Here’s how you can connect with us, should you need any help with Acko Car Insurance
Car insurance is based on a simple concept of risk sharing, where you can safeguard your money in case of damage to your car. The insurer then pays for the repair of damages incurred to your car as per the plan’s terms and conditions. All this by paying a nominal insurance premium.
IDV stands for Insured Declared Value in car insurance. This is the amount you would receive in case you have a Comprehensive car insurance policy and your car undergoes total damage. To simply the term, this value can be equated with the current market value of your car.
Most insurers make car insurance is available online as well as offline. You can choose to buy car insurance online through a process that can be done all by yourself on Finserv MARKETS. Through the offline mode, car insurance can be purchased from car dealers, insurance agents and the branch office of insurance companies. However, car insurance is better off when purchased online as it saves you time, money and resources.
Buying Third-party car insurance online means you are insured against third-party liabilities. Thus, it is also known as Third-party liability insurance. In common terms, it is also referred to as Act Only insurance. This is because the Motor Vehicles Act makes it compulsory to insure your car with at least a Third-party Liability car insurance policy if you want to drive on Indian roads.
Although all car insurance plans may be designed differently, there is no standard answer for this question. The answer can vary depending upon your needs and preferences. While some might prefer to go insurers following traditional approach, some might go ahead with an insurance company having a digital-first approach like Acko General Insurance Limited. And, with Finserv MARKETS this process gets even more seamless and convenient.
Getting a duplicate car insurance copy online is a simple process. You can simply log in to your account on the insurance company’s website and download the policy. You can also get in touch with your insurance company so that they will provide the policy to your registered email id.
You can download your car insurance certificate/policy by logging in to your account on the insurance company’s website. You can also request the insurance company to email it to you.
Your car insurance policy number is stated in your policy document. You can find it by going through your policy document. If you have a problem locating it, you can contact your insurer to help you out with this matter.