ACKO Third-Party Car Insurance

According to the Motor Vehicles Act, third-party car insurance is mandatory in case you wish to drive a car in India. Driving without a car insurance policy is illegal and heavy penalties will be levied. ACKO offers a third-party insurance policy at affordable interest rates ranging from Rs.2,072 and Rs.7,890. When compared to a comprehensive insurance policy, the premium that must be paid for a third-party insurance policy is low. 

Features of ACKO’s Third-Party Car Insurance 

The main features of the third-party car insurance cover offered by ACKO are mentioned below: 

    Personal Accident (PA) Cover: 

    As per the law, it is compulsory to have a PA cover. Therefore, when you purchase a third-party insurance policy from ACKO, a PA cover can be purchased a well. Under the PA plan, cover worth up to Rs.15 lakh is provided in case the driver/owner has a permanent disability or passes away while driving. 

    Liability Cover:  

    Under a third-party insurance policy, cover is provided against third-party property damages and any injuries to the third party. Up to Rs.7.5 lakh will be provided as cover. 

    Easy to Purchase:  

    Due to third-party liability being a standard policy, it is easy to purchase one as there are not many options to choose from. You will need to enter the details of the car to buy the policy. 

    Low Premium:  

    The premium that must be paid to purchase a third-party policy is low when compared to a comprehensive car insurance policy. 

Benefits of ACKO’s Third-Party Car Insurance 

The main benefits of the third-party car insurance policy offered by ACKO are mentioned below: 

  • Liability cover is offered. 
  • It is mandatory to have a third-party car insurance policy in case you wish to drive the car. Having a valid car insurance policy will help in avoiding penalties. 
  • The process to purchase a third-party car insurance policy is simple and only basic details will need to be entered. 

Process to Purchase a Third-Party Car Insurance Policy 

The process to purchase a third-party car insurance policy from ACKO is mentioned below: 

  • Visit the official website of ACKO or download the mobile app. 
  • Next, enter details such as the car model, previous policy information, registration year, PIN code, etc. 
  • Next, you can pay the premium to purchase the policy. 

Process to Renew the Third-Party Car Insurance Policy 

The process to renew the third-party car insurance policy is mentioned below: 

  • Visit the official website of ACKO. 
  • Under the ‘Log In’ section, you will find the ‘Renew Policy’ option, click on it. 
  • Next, enter the mobile number and click on ‘Get OTP’. 
  • Enter the OTP. 
  • Once you log in to the account, you will be able to renew the policy by paying the premium. 

Premium Rates 

Depending on the engine capacity, the premium that must be paid will vary. The premium that must be paid (for FY 19-20) for different engine capacities are mentioned below: 

Engine Capacity  Premium 
Up to 1,000 cc  Rs.2,072 
Above 1,000 cc – Less than 1,500 cc  Rs.3,221 
Above 1,500 cc  Rs.7,890 

Procedure to Make a Claim 

The procedure that must be followed in order to make a claim is mentioned below: 

  • The first step would be to inform ACKO in regard to the accident. 
  • Next, the First Information Report (FIR) must be filed. In most cases, the third party will fire the FIR. 
  • Next, the case will be heard by the Motor Accident Claims Tribunal. 
  • Next, the result will be given. Following this, the settlement procedure will be completed by ACKO. 

Inclusions and Exclusions 

The inclusions and exclusions of the third-party car insurance policy offered by ACKO are mentioned in the table below: 

Inclusions  Exclusions 
Cover is provided in case the accident causes any injuries to the third party. Treatment costs will be covered in the case of injuries.  No cover will be provided in the case of any damages to your car. 
In case the third party passes away due to the accident, reimbursement (according to the terms and conditions) will be provided to the family members of the individual who has passed away.  No cover is provided to you in the case of permanent disabilities or death that has occurred due to the accident. 
In case the accident has caused any damage to a third-party’s property, expenses of up to Rs.7.5 lakh will be provided.  No cover will be provided in case the accident has occurred due to the violation of rules. 
In case the accident has caused any damage to the third-party’s bike, damages will be covered (according to the terms and conditions).  No cover will be provided in case the policy has expired. 

FAQs on ACKO Car Insurance

  1. Is it mandatory to purchase a third-party car insurance policy to drive a car in India? 

    Yes, it is mandatory to purchase a third-party car insurance policy to drive a car in India. 

  2. Does the premium of a third-party car insurance policy depend on the model of the car? 

    No, the cubic capacity of the vehicle determines the premium of the third-party car insurance policy. 

  3. In case I have purchased the third-party car insurance policy offline, can I renew it online? 

    Yes, you can renew the policy online even if the cover has been purchased offline. 

  4. Can I purchase add-ons with a third-party car insurance policy? 

    No, you cannot purchase any add-ons with a third-party car insurance policy. 

  5. Does a third-party car insurance policy offer cover across the country? 

    Yes, a third-party car insurance policy offers cover across the country. 

 

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.