- About Coverfox
Acko General Insurance is one of the newest private sector general insurance providers in India. The company was founded in November 2016 and follows a complete online-led model of selling insurance products.
Note: All information has been sourced from the official website of Acko General Insurance India.
|Premium||Starting at Rs. 2,702|
|Claim Settlement Ratio||94% (FY’20-21)|
|Third Party Cover||Available|
|Add-on Covers||8 add-ons available|
|Personal Accident Cover||Available upto Rs. 15 Lakhs|
|Own Damage Cover||Available in comprehensive cover|
Acko offers a wide range of add-ons options which can be added to supplement your comprehensive car insurance plan.
This particular add-on provides consumable cover for the following. - engine oil, grease, oil filters, lubricants, radiator coolant, nuts, bolts, gearbox oil, AC gas oil, washers, and power steering oil.
Roadside Assistance ensures on-spot rescue in case of an accident. IT covers towing fee, repair of flat tyres, emergency fuel delivery, cab services, key services, immediate car works.
A zero depreciation cover , also known as nil depreciation or a bumper to bumper insurance , pays the whole cost of external car body repairs or replacement, without taking into consideration any depreciation in the value of the car parts.
This add-on provides cover for repair and replacement of engine parts like connecting rods, pistons and others. Engine protection add-on cover - Engine protection add-on cover can help you to enhance your insurance coverage and stay financially covered
This stands for No Claim Bonus. No Claim Bonus add-on guarantees that you are eligible for the NCB even after raising a maximum of 2 claims in one year.
An invoice protection cover, also known as a return to invoice value cover, is an add-on that provides complete financial security to your car. With a return to invoice protect add-on cover, you could get as much as the invoice value of your car, in case of total loss of the car. The amount that you get also includes the registration charges of your car and the road tax paid.
The key benefits of Acko Car insurance are:
In case of minor damages, get your claims settled instantly and then choose to go to your preferred garage, as per your convenience to get the same repaired.
Every customer has different needs regarding their car insurance. Hence, Acko offers two types of car insurance plans: Comprehensive Car Insurance and Third Party Car Insurance. Depending on your requirement, select the right plan for your car.
Comprehensive car insurance policy provides insurance cover against damages to your car, another person’s property, insured car’s owner-driver, collision, theft, fire, sabotage, natural occurrences and man-made calamities. Comprehensive Car Insurance usually costs more as it offers greater coverage than a regular third-party insurance.
This is the most basic type of a car insurance protection plan. Such a policy comes with the lowest premium rates as it offers minimum cover. A third party car insurance covers injuries caused to another person and their damaged property. Note: Buying a third party car insurance plan is mandatory as per The Indian Motor Vehicles Act, 1988.
Note: Buying a third party car insurance plan is mandatory as per The Indian Motor Vehicles Act, 1988.
The entire claim settle process is conducted online. The claim process at Acko car insurance is as follows:
The entire process of car insurance renewal can be done online, there is no offline method to renew your policy. Simply visit the official website of Acko General Insurance and select the car insurance tab. Now, you will be required to enter your car number and the search engine will automatically determine the renewal status along with the premium amount. Next, you will be asked a few questions about your car. Post answering, make the payment and the policy will be renewed instantly.
Acko Insurance Company is one of the few general insurance providers in India which offers its services only through the online medium. With Acko, you can enjoy access to workshop anywhere in India and it is all cashless. Acko has held a good claim settlement ratio of 129%. Also, claims for minor damages are paid out in less than 2 hours. All these features make Acko a popular choice among insurance buyers.
ACKO has a good claim settlement ratio of 129%. The claims for minor damages are paid in less than two hours. These features make Acko a very popular choice among insurance buyers.
ACKO insurance is cheap due to 2 primary reasons. Firstly, due to their lower cost structure, they can provide better value to the customers with cheaper and better products. Secondly, with their online insurance model, they can carry out better data-backed underwriting and services claims faster. ACKO allows the policyholders to save 10-30% on premiums.
This is a Claims Assistance service. You can use this facility to get your damaged car repaired and the claims processed.
You can visit Coverfox.com and compare different insurance policies online and choose the best suits your needs.
You can contact Acko at 1860-266-2256 or send an email at firstname.lastname@example.org.
Yes, you can purchase Acko Car Insurance provided the expiry date of the current policy is less than 60 days. You also have the option to ‘Buy Later’.
You can avail the three days TAT facility in the following cities - Ahmedabad, Bengaluru, Chennai, Delhi, Goa, Hyderabad, Kolkata, Mumbai, Nashik, Pune & Surat.
Yes, Acko offers Zero Depreciation cover as a rider option.
Yes, in case of minor damages Acko provides instant settlements.
Acko offers the following products - Private Car Package policy, Liability only policy for Private Car, Two-wheeler & Commercial vehicles and Group products for Domestic Travel & Personal Accident cover.
Acko offers low-priced insurance products that are affordable yet feature-rich. The percentage of discount depends upon satisfactory answer for the required questions.
Yes, you can purchase car insurance from Acko even if you are not an Amazon customer.