Types of Car Insurance Plans offered by Acko General Insurance

In India, Acko General Insurance is a private general insurance firm. ACKO entered the rat race in November of 2016 with the highly creative notion of an online-based approach. In September of 2017, the firm received its IRDA (Insurance Regulatory and Development Authority of India) license.

Car insurance, two-wheeler insurance, mobile insurance, in-trip domestic insurance are among the retail goods offered by the organization. The insurer offers all three types of car insurance policies: third-party car insurance, standalone own-damage car insurance, and comprehensive car insurance.

Types of Car Insurance Plans offered by Acko General Insurance

Acko General Insurance provides a simple and effective method to safeguard your car against unanticipated hazards including accidents, thefts, fire, natural disasters, and third-party liabilities. The insurance firm offers many car insurance policies to protect your car from various types of damages and losses. In addition, the insurer offers personal accident coverage of up to Rs. 15 lakh to pay for permanent disability or death caused by a car accident.

Listed below are the types of insurance plans offered by Acko General Insurance:

1. Third-party Cover

While driving a car, you must have third-party car insurance. It shields you from financial repercussions if you cause damage to someone else's car or property, or if you hurt someone in an accident.

2. Own Damage Cover

If your car is damaged due to theft, fire, natural catastrophes, or other causes, third-party car insurance will not cover it. You must get both Own Damage Insurance and Third-Party Car Insurance to do this.

3. Comprehensive Cover

Comprehensive car insurance protects you not only against third-party responsibility, but also from damage or loss to your vehicle caused by accidents, theft, flooding, fire, and other factors. To provide the best protection for your car and to prevent financial responsibilities, Comprehensive Car Insurance is recommended.

Acko General Insurance provides the following add-ons 

1. Zero Depreciation Cover

The value of your car depreciates over time due to wear and tear on car parts. The insurance company only pays the depreciated value during claims, not the full amount. Zero Depreciation Add-on insurance, which is best suited for new cars, lets you avoid depreciation cuts and obtain the full value of car repairs.

2. Roadside Assistance Cover

One of the most terrifying scenarios for any driver is being left on the road with a car that won't start. With the Roadside Assistance add-on, you'll have access to emergency roadside assistance 24x7 including towing services in the event of a car breakdown.

3. Key Replacement Cover

Car keys are not inexpensive. With Key Replacement Cover, you may save money on the costs of replacing a lost, stolen, or damaged key, as well as a lock replacement if necessary.

4. Engine Protection Cover

The engine, which is one of the most expensive sections of the car, can be damaged by flooding or not using it for a long time. Damage to your car's engine is not covered by car insurance. The Engine Protection add-on cover protects you from financial losses caused by damage to your car's engine.

Take Away

ACKO is a fully digital company that offers most insurance plans to clients directly.  You don't have to pay commissions to agents when you buy straight from ACKO. ACKO offers paperless door-to-door claims, as well as customized programs to meet your specific needs.

Also Read: 

Significance of Cashless Garage Facility in India

What To Do If Magma HDI Car Insurance Policy Gets Lapsed?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.