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  • Overview
  • Claim Settlement
  • Customer Care

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. 

ACKO Car Insurance Plans Available at Bajaj Markets

Insurance Provider

Incurred Claim Ratio (2020-2021)

Starting Premium 

Features

Check Plans

Acko Car Insurance

82.35%

₹2094

Affordable 

Hassle-free

Zero paperwork

 

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.

How to Buy ACKO Car Insurance Plan

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

ACKO Car Insurance Renewal Process

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

Types of Car Insurance Plans Offered by ACKO

Below are the details about different types of ACKO car insurance.

  • Third-Party 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

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 Cover

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 Car Insurance 

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.

Key Features of ACKO Car Insurance 

Here are the features of ACKO car insurance:

  • Low-cost Premiums

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.

  • Convenience

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.

  • 24/7 Emergency Support

Since ACKO provides its clients with 24/7 emergency assistance, you may get in touch with the customer service representative at any moment.

  • Personal Accident Coverage

You may get compensation of up to ₹15 Lakhs in the event of an accident. 

  • Multiple Add-ons

You may purchase add-ons in addition to your primary car insurance policy to increase the safety of your car and receive more advantages. 

Benefits of ACKO Car Insurance

Following are the benefits of ACKO car insurance: 

  • Zero Paperwork

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.

  • Easy-to-File Claims

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.

  • Rapid Resolution

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.

What's Covered/ Not Covered in the ACKO Car Insurance

Here are the details about the inclusions and exclusions of ACKO car insurance. 

Inclusion

Exclusion

  • Third-party vehicle damage

  • Own damage

  • Damage resulted from irresponsible driving 

  • Warlike circumstance

  • Inactive policy

  • Illegal driving

  • Theft of personal belongings from car

How to Calculate Premium for ACKO Car Insurance

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.

Enhance your Coverage with Customised Add-on Covers

You may purchase add-on covers in addition to ACKO vehicle insurance plans to obtain additional benefits. Below are the details about the same: 

  • Zero Depreciation

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. 

  • Roadside Assistance

This coverage offers towing services, quick fuel delivery, flat tyre repairs, quick auto repairs, key services, cab services, and other emergency roadside help.

  • Engine Safety

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.

  • Consumables Cover

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. 

  • No Claim Bonus

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.

  • Outside Emergency Protection

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.

How to Raise a Claim for Car Insurance?

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

Check Out Car Insurance Plans Available at Bajaj Markets

FAQs on ACKO Car Insurance

  • ✔️How to find my car insurance policy number?

    Your policy number may be accessed on your policy papers. 

     

  • ✔️How to download a car insurance certificate/policy?

    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.

  • ✔️What is IDV in car insurance?

    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.

  • ✔️What is Third-party car insurance?

    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.

  • ✔️How to get a duplicate car insurance copy online?

    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

  • ✔️Can I transfer car insurance from one vehicle to another?

    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.

  • ✔️Does Acko offer Pay-as-you-Drive insurance?

    No, presently Acko does not provide Pay-as-you-Drive coverage for vehicles.

  • ✔️How to check my car insurance claim status online?

    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

  • ✔️My policy document is lost, what should I do next?

    You may contact the ACKO customer care officials and ask them to send a copy of your policy documents to your email ID. 

  • ✔️Why should I purchase motor insurance from ACKO?

    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.

  • ✔️How is the claim-settlement ratio of ACKO?

    The claim settlement ratio is 82.35%.