ACKO was launched in 2016 as India’s first digital insurer. It is an IRDAI licenced general insurance company that has sold more than 60 crore insurance policies till date. ACKO car insurance has been designed to safeguard your vehicle from unanticipated hazards including accidents, fire, theft, natural disasters, and third-party liabilities. The insurance provider offers third-party car insurance plans and comprehensive car insurance policies, both of which are offered at reasonable premium prices and cover your automobile from a variety of losses incurred. Additionally, the insurer offers personal injury coverage up to ₹15 Lakhs to cover damages in the event of a fatal accident or permanent disability.
It also provides a variety of add-on covers that you may purchase in addition to your auto insurance policy to expand the extent of coverage. Furthermore, as required by the Motor Vehicles Act of 1988, it is critical to safeguard your automobile with proper car insurance.
You may apply for ACKO car insurance online through the Bajaj Markets platform since it has collaborated with several lenders that offer multiple insurance products, giving you an opportunity to make a selection from various options.
Insurance Provider |
Incurred Claim Ratio (2020-2021) |
Starting Premium |
Features |
Check Plans |
Acko Car Insurance |
82.35% |
₹2094 |
Affordable Hassle-free Zero paperwork |
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Disclaimer: The premium rate is only estimated. The exact premium you need to pay may vary depending on a variety of variables. Please check the current premium rates before purchasing your auto insurance coverage.
Here are the steps that will assist you in purchasing an ACKO car insurance.
Visit the official website of ACKO
Enter information about your vehicle, such as the model and registration numbers
Look over the available insurance options and pick one that best suits your needs
Use an online payment option to pay the premium
The details and documents for your ACKO car coverage plan will be emailed to you
It is preferable to keep watch on the expiration date of your car insurance policy in order to renew it on time. If you want to update your ACKO car insurance online, follow the steps mentioned below.
Visit ACKO’s official website
Enter your car details like registration number, existing car insurance details, etc
Check your car insurance renewal charges and pay them using any online method from the available options
The details and papers of your renewed ACKO 4-wheeler insurance will be sent to your email ID
Below are the details about different types of ACKO car insurance.
The third-party car insurance coverage protects you against legal or financial liabilities if any third party gets injured due to an accident caused by your car.
Also, the Indian government has mandated to have third-party car insurance to drive a vehicle in India. Failure to do so may result in heavy fines.
Comprehensive car insurance safeguards your vehicle against accidents, theft, and natural disasters. This insurance coverage will be your rescuer in the event of an unanticipated calamity that results in loss or damage to you or your vehicle. It is one of the greatest insurance policies you can get for your car since it also protects you from third-party liability. However, because of its extensive coverage, the price of this car insurance by ACKO is more than a third-party policy.
Own Damage Car Insurance is designed to cover damages caused by your vehicle as a consequence of fires, natural catastrophes, traffic accidents, or other misfortunes. Its purpose is to give you extra protection beyond third-party liability. However, the Insured Declared Value (IDV) sets the maximum amount of compensation you may be able to receive.
Commercial vehicle insurance provides financial support to a commercial vehicle in the event of an accident. It is similar to private automobile insurance. However, the coverage is tailored to meet the demands of a business vehicle and the eventualities that may arise.
Here are the features of ACKO car insurance:
With the aid of no brokers or middlemen, the firm uses a computerised system to provide automobile insurance solutions to its consumers directly. Because of their minimal operating expenses, automobile insurance rates are reasonable.
Due to the digital platform, ACKO auto insurance may be purchased or renewed at any time, from any location. It's convenient since you don't have to wait for a specific time or day to obtain it.
Since ACKO provides its clients with 24/7 emergency assistance, you may get in touch with the customer service representative at any moment.
You may get compensation of up to ₹15 Lakhs in the event of an accident.
You may purchase add-ons in addition to your primary car insurance policy to increase the safety of your car and receive more advantages.
Following are the benefits of ACKO car insurance:
To obtain ACKO vehicle insurance, you do not need to spend time and effort filling out application papers. You will also save time by avoiding the time-consuming paperwork procedure as the company uses a no-paperwork approach and does everything online.
You will have a smooth claim experience with ACKO, thanks to benefits like free pickup and drop-off, a three-day repair guarantee (in some areas), and claim monitoring.
For minor disputes, ACKO guarantees a speedy resolution. Although they could take longer, major disputes are also settled fast. Large and minor claims are handled in line with the specifics of the applicable policy.
Here are the details about the inclusions and exclusions of ACKO car insurance.
Inclusion |
Exclusion |
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You can use the premium calculator available on the Bajaj Markets for calculating your monthly premium. Moreover, the amount of premium depends upon the type of coverage and add-ons (if any) you opt for.
You may purchase add-on covers in addition to ACKO vehicle insurance plans to obtain additional benefits. Below are the details about the same:
If you have zero depreciation coverage, you could be able to recover the whole cost of replacing any car parts in the case of accidental damage. The depreciation value of the damaged parts will not be subtracted from the claim amount. As a result, you can save sizable money.
This coverage offers towing services, quick fuel delivery, flat tyre repairs, quick auto repairs, key services, cab services, and other emergency roadside help.
Your primary car insurance coverage doesn’t provide safety for your car engine and gearbox. However, if you choose this add-on, the insurer will pay your costs for repairs or replacements of the internal engine, gearbox, and differential assembly components damaged by water intrusion, hydrostatic lock, or leaks in the vehicle's coolant or lubricating oil.
In the occurrence of any claim pertaining to an accident within the policy period, this add-on protects you from the costs of consumable products. Consumable products include gasoline used during automobile repairs but exclude engine oil, lubricants, nuts and bolts, screws, distilled water, bearing, washers, clip, brake oil, and so on.
NCB is a reduction on your insurance premium that you may receive if you renew your policy. You can earn a premium discount of up to 50% if you do not submit any claims for multiple years in a row.
If you choose this coverage, the insurer will pay you for the costs, subject to the policy's terms and conditions, if your automobile is rendered immobile because of a breakdown or accident outside of a 100-kilometre region of your home during the policy term.
With ACKO, you can raise a cashless claim and the below-listed steps will aid you in the same.
Go to the ACKO official homepage
Click on ‘Register a Claim’
Your car will be picked up in 60 minutes (in selected cities)
Following that, your car will go for instant repairs
You can check the repair status on its website
Once the repair is completed, your car will be delivered to your doorstep within three days
Your policy number may be accessed on your policy papers.
By logging into your account on the insurance company's website, you may download your car insurance certificate. Additionally, you can ask the insurance provider to send it to you.
The maximum insurance amount, set by the insurer, is known as the Insured Declared Value (IDV), and it is supplied in the event that the insured vehicle is stolen or completely destroyed. IDV is essentially the car's current market worth. IDV is the compensation that the insurer will give to the policyholder in the event that the vehicle sustains a total loss.
A third-party auto insurance policy protects the owner of a vehicle from any legal liability, including damage to a third party's property or death or physical harm to a third party caused by the covered vehicle.
Here are the measures to take.
Visit the website of the insurance provider from where you acquired your auto insurance
Log in to your account by providing the necessary information, such as your policy number, name, phone number, and so forth
After logging in, select the ‘Download Motor Policy Document’ option
Yes, you may transfer your auto insurance policy from one vehicle to another by submitting RTO forms 28, 29, and 30 with your clearance document. By providing the aforementioned papers, you can contact your insurance provider to transfer your automobile insurance.
No, presently Acko does not provide Pay-as-you-Drive coverage for vehicles.
Here are the steps to follow.
Visit ACKO's official website and input your mobile number
An OTP will be issued to your phone number
Log in to your account after entering the OTP
Your claim status will be displayed in your account after you log in
You may contact the ACKO customer care officials and ask them to send a copy of your policy documents to your email ID.
ACKO is a relatively young firm with a licence to provide general non-life insurance. However, the business has been able to make a name for itself in the sector because of its cutting-edge digital business approach. The business promotes cost-effective, simple, and hassle-free policy procedures. ACKO promises a streamlined client experience from policy purchase through renewal and claim resolution.
The claim settlement ratio is 82.35%.