Acko Third Party Car Insurance

Third-party car insurance also known as ‘act-only’ insurance covers the damages caused to a third party (person or property) due to an accident by your vehicle. Third-party car insurance is mandatory for every car. This page will have detailed information regarding the important details of Acko's third-party car insurance like inclusions and exclusions, purchase process, benefits and factors that affect premiums, etc.

How Acko Third-Party Car Insurance Works?

In case of an accident resulting in injury or damage to a person or property caused by your car, you are responsible for paying the compensation costs. Your insurer will cover these expenses under the third-party liability car insurance policy.

To file a claim, you need to inform the insurer about the accident and any damages or injuries involved. It's important to call the insurer as soon as possible to build trust and ensure a smooth process. After initiating the claim, you'll need to submit the necessary documents, click as many pictures as possible of the damage and accident area since this will be required to substantiate the degree of damage caused Be sure to take note of the contact details of the other party involved, as the insurer will contact them to gather information about the accident and the damages caused. The insurer will conduct further investigation by appointing a surveyor. Based on the evidence provided by the surveyor, assess whether you are eligible to receive compensation for the damages or injuries. Once approved, the insurer will negotiate with the other party to reach a fair settlement and then settle the claim.

Key Metrics of Acko Third-Party Car Insurance

Some key metrics associated with Acko third-party car insurance are listed below.

Key Features of Purchasing Acko Third-Party Car Insurance

Here are the key features of Acko's third-party car insurance:

• Third-Party Damage Cover: The insurer will cover the liability if you injure a person or damage property. In case of accidents, medical expenses are usually covered. In the event of property damage, compensation of up to 7.5 lakh Rs. is provided.

• Affordable and Standardised Pricing: The Insurance Regulatory and Development Authority of India (IRDAI) has set the costs of third-party car insurance to be easily affordable for everyone.

• Compulsory Personal Accident Add-on: Acko provides a personal accident add-on that covers medical expenses for injuries or deaths sustained in an accident.

• Easy Purchase Process: The process of purchasing third-party insurance for cars is very simple. Since it's a standard policy, there is little to choose from; you just need to select your car's model and purchase the policy.`

How to Buy Acko Third-Party Car Insurance from InsuranceDekho?

To purchase a third-party car insurance policy, you need to have the following :

1. Your registered mobile number.
2. Your KYC details.
3. A scanned or physical copy of your passport-size photograph

You can buy Third-party car insurance by both online and offline ways:

Online

Below are the steps to purchase Acko Third Party Car Insurance from InsuranceDekho online.

Step 1: Visit InsuranceDekho’s Website

On InsuranceDekho's homepage, a pop-up form will appear. Fill out the form with your car details and proceed.

Step 2: Compare All Car Insurance Plans to Choose

You will receive quotes from multiple insurers offering coverage for your vehicle. Compare them and choose the best option for your requirements.

Optional Step: Connect with an InsuranceDekho Advisor

Select the "request a call back" option to connect with an InsuranceDekho advisor. A professional advisor will answer your queries and will help you understand the benefits and differences of different policies. Advisors can also assist you with further processes. You should receive a call back very soon after selecting this option.

Step 3: Make Payment

Make payments using online methods such as credit/debit cards, UPI, bank transfers etc.

Offline

To purchase a policy offline, call 7551196989 and ask for home assistance. A dedicated executive shall pay a visit and guide you through the process.

Benefits of Buying Your Car Insurance from InsuranceDekho

At InsuranceDekho, our customers are our utmost priority and here’s why you should let us serve you:

• Certified Broker: InsuranceDekho is an IRDAI-certified broker with over 8 years of experience in the insurance field.

• Comprehensive Offerings: Our insurance portfolio includes coverage for bike, car (motor), term, investment (life), health, travel, SME, POSP, and more.

• Trusted by customers: We offer a 24x7 helpline to assist our customers, and more than 50 lakh vehicles have been insured through us to date.

• Dedicated Claim Support: We have a dedicated team to support you in your claim settlement journey.

• Reliable Brand: We are a part of the esteemed CarDekho group, which has been a key player in the motor and auto industry for over 15 years.

Price

The premium rates of third-party insurance have been fixed by the Insurance Regulatory and Authority of India (IRDAI) based on the engines’ cubic capacity. These prices will remain the same irrespective of the insurer you choose.

For Petrol, Diesel, Hybrid and CNG Vehicles:

For Electric Vehicles:

Documents Required to Buy Acko Third Party Car Insurance Policy

To purchase Acko car insurance, you need the following documents:

• Your KYC
• Mobile number
• Govt issued Photo ID ( AADHAR, Passport etc)
• Driving Licence
• Vehicle Registration certificate

Acko Third Party Car Insurance Claim Process

Processing an insurance claim for a third party can be difficult. Follow the steps below to get your claim approved.

How to File a Claim (Step-by-Step Process)

Here is a step-by-step guide on filing a third-party car insurance claim in India:

Step 1 - Register a Complaint or File an FIR

The first step is to inform Acko about the accident and file an FIR. Usually the third-party files the FIR at the local police station. Keep a copy of the FIR and the chargesheet filed.

Step 2 - Registration and Hearing at the Motor Accident Claims Tribunal (MACT)

Any road accident case is automatically transferred to and handled by the Motor Accident Claims Tribunal (MACT) from the police station. MACT is a specialised court that handles and decides the compensation for a road accident.

Step 4 - Share Your Policy Document

To support your third-party car insurance claim, you must provide a copy of your car insurance policy document to the MACT.

Step 5 - File a Case at the Tribunal

The case must be filed at the MACT by the third party. The compensation amount will be decided after a hearing and assessment of the damage

Step 6 - Document the Third-Party Damages

Make sure to collect all evidence, including photographs and the surveyor’s report if the accident caused damage to a third party’s vehicle or property. These documents will help assess the claim's value based on the extent of the damage. They should be submitted to your insurer and to MACT.

Step 7 - Hospitalisation Expenses and Third-Party Demise

In case the accident results in hospitalisation or death of the third party, you will have to claim compensation for hospitalisation and death benefits. The claim amount that the dependents of the deceased can file will be based on the income of the deceased.

Step 8 - Claim Settlement

After careful review by the MACT and assessment of the damage caused, they will finalise the compensation amount. Note that in case of bodily injury and demise of a third party, the turnaround time for paying off compensation is three years.

Documents Required for Third-Party Claim

You need to have certain documents in order to file a third-party claim. It is important for the documents to be ready to ensure a smooth process.

• Duly signed third-party insurance claim form
• Copy of FIR
• Your insurance policy document
• The vehicle's registration certificate copy
• Photographs of the damage caused/ accident
• Surveyor’s report

Claim Assistance from InsuranceDekho for Third-Party Claim

You have the option to receive claim assistance from your insurer or through InsuranceDekho. InsuranceDekho can guide you in ensuring that all your documents are in order. You can get in touch with an InsuranceDekho advisor who will help you with creating a checklist, organising your documents, and filling out forms. For more information, call 7551196989 or send an email to support@insurancedekho.com.

Acko Third Party Car Insurance Renewals and Cancellations

Renewal Process

Below mentioned are the steps to renew your Acko Third-Party car Insurance:

Step 1: Visit InsuranceDekho

Visit InsuranceDekho’s car home page, and click on the “support” tab. The support tab is located at the top of the page.

Step 2: Select Renew Policy

Once you click on support, a drop-down list shall appear. Select “Renew Policy” from it.

Step 3: OTP Verification

Further, you will be asked to enter your registered mobile number and log in to your portal after verifying OTP.

Step 4: Select Your Policy

Once you get access to your portal, you will see all your policies at the dashboard. From the list, select your Third Party car insurance.

Step 5: Make Changes and Updates if Any

If you want to modify your policy, make those changes and do a final review.

Step 6: Make Payment

Payment is the final step of renewing your policy. Review all the details and make payment through any of the online methods. Once payment is completed and processed, you can download the policy documents as well.

Cancellations Process

As per the law, all vehicles must be third-party insured, and hence to fulfil the legal obligations you need to purchase alternate third party insurance before cancelling your current policy. This ensures that your car has been insured without any gaps in policy.

After purchasing the alternate policy, contact customer support by calling toll free number or writing an email requesting to cancel your Acko Third-Party car insurance. Once your policy has been cancelled, you shall receive a cancellation certificate along with a refund of the policy.

Covered Vs Not Covered Under Acko Third Party Car Insurance

While making a purchase, it is important to be aware of the inclusions and exclusions of the Acko Third-Party car insurance policy.

Inclusions

• Third-Party Property Damage: In the event of an accident caused by your vehicle resulting in property damage, the owner will be compensated up to 7.5 lakh Rupees.

• Third-Party Injury: If your car is involved in an accident and a third person is injured or dies, you will be responsible for compensating any third party. This compensation will be provided by your insurer and is typically used to cover medical expenses. The coverage for injury in third-party insurance is unlimited, but the court determines the specific amount after hearing from both sides.

1. Personal Accident cover: Acko provides personal accident cover with a third-party policy. Any injuries caused to you in an accident will be covered. This means a claim will be provided for the medical expenses for your treatment.

Exclusions

• Own Damages: Third-party car insurance does not cover damages to your own car.

• Driving Under the Influence of Alcohol or Drugs: If you are found to be driving under the influence of alcohol or drugs during the accident, your claim will be denied.

• Theft of Vehicle: third-party insurance does not cover the theft of any vehicle.

• Learning to Drive: When driving with a learner's licence, you need a licensed adult to supervise. If you drive alone and have an accident, you won't be eligible for a claim.

Factors That Affect Your Third-Party Car Insurance Premium

The IRDAI has standardised prices for third-party car insurance policies that depend only on the car's engine cubic capacity. Thus, there are no other factors influencing the third-party premium, regardless of the insurer.

How To Calculate Third-party Car Insurance Premiums Online?

The premium price for third-party car insurance remains the same for everyone as directed by IRDAI, and additional costs will be applied if you choose any add-ons.

InsuranceDekho provides assistance in various ways. To seek help with buying, renewing, processing claims, of your third-party car insurance, please contact our customer care at

• Calling on +91-7551196989
• Emailing at support@insurancedekho.com