Starting at only ₹1.5 per Day*
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Starting at only ₹1.5 per Day*
Third-party insurance provides financial cover for the vehicular, physical, and property damages incurred to the third party involved in an accident due to your negligence. Apart from this, you also get legal protection against third-party liabilities that could land you in serious trouble. It is mandatory under the Motor Vehicles Act to avail of third-party insurance for driving on the roads of India.
ACKO third-party two-wheeler insurance is easy to avail of and can save the time and energy of the policyholders. Although it has limited monetary benefits, and those are all compensatory towards the third party, the premiums you pay for the bike insurance are also lower. It covers all types of damages and losses incurred by the third party.
The benefits that you avail yourself of from the third party are limited in number. Therefore, the premiums that you pay on third-party insurance are also lower. After the vehicle purchase, you must get third-party policy of ACKO two-wheeler insurance as soon as possible. It will protect you from legal liabilities after the accident as well as save you from penalties and fines while driving.
Before availing insurance, you must know everything about it. Bike owners can purchase comprehensive bike insurance or purchase the obligatory third-party insurance. Following is the tabular representation of the differences and the specifications of the ACKO third-party two-wheeler insurance that will help you decide:
ACKO Third Party Two Wheeler Insurance | ACKO Comprehensive Two Wheeler Insurance |
Only third-party receive compensation for the damages. | The policyholder and the third party involved in an accident get compensation for damages. |
You can not purchase add-on cover with ACKO third-party two-wheeler insurance. | ACKO comprehensive two-wheeler insurance allows policyholders to purchase add-on covers. |
It is mandatory by law. | It is optional. |
It is the cheapest policy. | It is the most expensive policy. |
Given below are the steps to purchase ACKO third-party two-wheeler insurance:
The following things are covered in your ACKO third-party two-wheeler insurance:
The insurer will compensate for all the damages incurred by the third party. Damages include the vehicular damages incurred to the third-party vehicle. It also covers the property damages, movable or immovable property damages.
If a third-party individual receives any injury from an accident caused by you, the insurer will compensate. This cover also extends protection against the demise of a third party person.
The following things are not covered under the ACKO third-party two-wheeler insurance:
You are not eligible to receive any damage incurred on the vehicle of the policyholder who is not compensated under the ACKO third-party two-wheeler insurance.
If you sustain any injury, then all the cost of hospitalization will be levied upon you.
Following are the benefits you avail yourself when you purchase ACKO third-party two-wheeler insurance:
As assured by all the customer testimonials and reviews on the website and other platforms, it is safe to say that with the ACKO third-party two-wheeler insurance, you get all the benefits that it promises to provide.
Yes, the death of the third party is covered under ACKO third-party two-wheeler insurance. However, you do not get any protection or financial protective cover for yourself.
The claim settlement ratio of ACKO third-party two-wheeler insurance is 83.91% in the financial year 2020.
The RTO area will determine the premiums with which your vehicle is registered. For the metropolitan area, the premium is higher, and for places with a lower population, the premium will be lower. The capacity of your vehicle engine will also become an essential factor in determining your third-party insurance premium.
Yes, it is mandatory to produce an FIR or chargesheet to claim ACKO third-party two-wheeler insurance.
No. Insurers do not allow policyholders to customize or purchase any add-on covers along with third-party insurance policy.
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