At couponsathi.com, we always aim to provide our readers with the latest and most comprehensive information about various products and services. In line with this mission, we recently had the opportunity to review Acko Insurance, one of the leading insurance providers in India.
From our extensive research and analysis, we are pleased to report that Acko Insurance offers a range of affordable and convenient insurance solutions to meet the needs of its clients. Whether you’re looking for car insurance, bike insurance, health insurance, or travel insurance, Acko has got you covered.
What sets Acko Insurance apart from the competition is its user-friendly online platform. The process of buying insurance through their website is straightforward and simple, with a step-by-step guide that makes it easy for anyone to understand and purchase insurance in just a few clicks. This means that you can have your insurance policy up and running in no time, without having to deal with any hassles or lengthy procedures.
Another unique feature of Acko Insurance is its 24/7 customer support. This means that you can reach out to them for assistance at any time, no matter what your query may be. Their dedicated customer support team is always ready to help, providing prompt and professional support to ensure that all your insurance-related concerns are addressed in a timely manner.
When it comes to pricing, Acko Insurance offers competitive and affordable rates, making it possible for anyone to obtain insurance coverage without breaking the bank. Whether you’re looking for a basic insurance policy or a more comprehensive coverage plan, Acko Insurance has a range of options to suit your budget and insurance needs.
Here’s why 7.5 Cr people trust ACKO
Own damage plan Stars at
Table of Contents
Acko Insurance Review: Key Features of Car Insurance Reviewed
Acko car insurance is a comprehensive policy that offers a range of benefits to policyholders. Here are some of the key features of this insurance policy:
- Affordable Rates: Policyholders can avail of car insurance plans starting from INR 2,072.
- Additional Coverage: Eight add-ons are available to enhance the coverage of the policy.
- Third-Party Coverage: The policy provides protection for damages caused to a third party as well as coverage for own damages under the comprehensive policy.
- Personal Accident Cover: A personal accident cover of INR 15 lakh is available for permanent disability or death while driving.
- Cashless Repairs: Policyholders can avail of cashless repairs at authorized workshops.
- 24/7 Emergency Assistance: Round-the-clock emergency assistance is available to policyholders.
- Convenient Services: Policyholders can avail of 1-hour pickup (for select cities), instant repairs, and three-day doorstep delivery at no extra cost.
- Digitally-Enabled: The entire process of buying and renewing the policy is 100% digital.
However, it is important to note that the insurer does not cover damages under certain circumstances, including:
- Driving under the influence of alcohol or other intoxicants.
- Damages during war or similar conditions.
- Damages due to regular wear and tear of parts.
- Stolen personal items from your car.
- Claims for incidents when your insurance policy was not active.
- Claims for incidents when driving without a valid driving license.
| Key Features | Description |
|---|---|
| Claim Settlement Ratio | 83.91% |
| Support | 24/7/365 support |
| Zero Depreciation | Available |
| Emergency Assistance | 24/7 |
| Third-Party Cover | Available |
| Comprehensive Cover | Available |
ACKO Car Insurance Review: Add-On Features
ACKO car insurance provides extra coverage options to enhance the policyholder’s protection. The add-ons available are:
- Zero Depreciation Cover: This coverage is best suited for new car insurance policies. With this option, the policyholder will receive the full value of car repairs without considering any depreciation that occurs with time.
- Roadside Assistance Cover: This add-on offers 24/7 emergency roadside assistance, such as towing services during car breakdowns.
- Key Replacement Cover: This coverage helps save costs for replacing a lost, stolen, or damaged key and lock.
- Outstation Emergency Cover: This add-on provides protection for accidents or breakdowns outside a 100-km radius of the policyholder’s residence. If the repair time exceeds 12 hours, the policyholder can claim a reimbursement amount as per their policy terms and conditions.
- Consumables Cover: This add-on covers expenses incurred on consumables, such as engine oil, gearbox oil, lubricants, nuts and bolts, etc., in case of an accident. All ACKO car insurance plans except the third-party plan include this coverage at no extra cost.
- Engine Protection Cover: This coverage protects the policyholder against losses caused by a damaged car engine.
- No Claim Bonus (NCB) Protection: This add-on helps retain the no-claim bonus discount even after making a claim. Usually, the NCB becomes nullified once a claim is raised, but this cover ensures that the policyholder can still enjoy the NCB discount.
- Return to Invoice Cover: This coverage helps claim the full cost detailed in the car’s invoice in case of theft or if the car is damaged beyond repair. This amount includes the car registration cost and road tax.
- Personal Accident Cover for Passengers: This add-on provides financial protection for loved ones in case of an accident leading to permanent disability or death. The policyholder can access a coverage amount of up to INR 1 lakh per passenger. The Indian government requires personal accident cover for policyholders who opt for a third-party insurance plan.
Car Insurance Policies Offered by ACKO Insurance
Third-Party Coverage
Third-Party Coverage is mandatory under the Indian Motor Vehicles Act, this coverage offers protection against financial liabilities in the event of damaging someone else’s property or injuring someone in an accident.
Own Damage Coverage
Provides protection for policyholders in the case of damage to their own car due to events such as theft, fire, or natural disasters. This coverage can be added to a third-party insurance policy.
Comprehensive – Basic
This policy offers coverage against third-party liabilities as well as damages or losses to your car from events like accidents, theft, flooding, and fire.
Comprehensive – Super Saver
In addition to the coverage offered by the comprehensive-basic policy, this policy includes pickup, repair at a partner garage, and doorstep delivery of your damaged car, all at no extra cost. Policyholders must inform the insurance company in advance about the claim repairs, or a deductible of INR 5,000 may apply.
Zero Depreciation – Basic
This policy combines the coverage of a comprehensive – basic policy with protection against depreciation costs of parts, also known as a “bumper to bumper” plan.
Zero Depreciation – Smart Saver
Offering the benefits of the zero depreciation – basic policy at a discounted price, this policy requires policyholders to pay a deductible of INR 5,000 over government charges when filing a claim, to receive upfront savings when the likelihood of making a claim is low.
Zero Depreciation – Super Saver
This policy combines the benefits of both a comprehensive policy and zero depreciation coverage.
Summary
In conclusion, our expert reviewers at couponsathi.com highly recommend Acko Insurance as a reliable and affordable insurance provider. With its user-friendly online platform, 24/7 customer support, and competitive pricing, Acko Insurance is the perfect solution for anyone looking to secure their future with insurance.