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ACKO Standalone Own-Damage Car Insurance is designed to cover eligible damage or loss to the insured car. Depending on the policy wording, insured events can include accidents, theft, fire and specified natural or man-made calamities. Unlike a comprehensive policy, this standalone policy does not provide third-party liability cover. The vehicle must have valid third-party insurance separately. Premium depends on the car model, age, insured declared value (IDV), location, claims history, deductibles and selected add-ons. Check the policy schedule and current quote before purchasing.
Protects the insured car against covered damage without duplicating third-party liability cover
Standalone own-damage insurance can suit car owners who already maintain third-party liability insurance but want financial protection for damage to their own vehicle. It can cover eligible accidental damage, theft and specified insured events, subject to deductibles, exclusions and claim conditions. It does not replace mandatory third-party insurance, so the owner should ensure that the separate liability policy remains valid. Optional covers may be offered for eligible vehicles, but their availability and terms should be confirmed in the current quote and policy schedule.
ACKO
Key Insights
Founded
2016
ACKO was established 10 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
95.5% CSR, calculated as a 3-year average
ACKO settles 95.5% of all claims it receives, demonstrating strong credibility.
Contact Details
1800 266 2256
Headquarters: Office No. 301-302, 3rd Floor, F Wing, Lotus Corporate Park, Off Western Express Highway, Jay Coach, Goregaon East, Mumbai – 400063, Maharashtra, India
Covers eligible accidental damage to the insured car during the policy period.
Subject to policy terms, deductibles and exclusions.
Provides cover for eligible theft or total-loss claims, with settlement assessed under the policy and applicable IDV.
Required documents and claim investigation may apply.
Covers eligible damage to the insured vehicle caused by an insured fire event.
Refer to the policy wording for conditions and exclusions.
May cover eligible damage caused by specified insured events such as floods, storms or riots.
Covered events are defined in the policy wording.
IDV is used to determine the sum insured for applicable total-loss and theft settlements.
Confirm the selected IDV and settlement conditions before purchase.
Where offered, may reduce depreciation deductions on eligible replaced parts in admissible partial-loss claims.
Optional; limits, number of claims and exclusions apply.
Where offered, may provide a benefit linked to invoice value in specified theft or total-loss situations.
Optional; eligibility and settlement conditions apply.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
ACKO plans and claim process
It covers eligible damage or loss to your own insured car. Third-party liability insurance must be maintained separately.
Yes. Standalone own-damage cover does not replace the mandatory third-party liability component. Keep a valid third-party policy in force.
Eligible events may include accidents, theft, fire and specified natural or man-made calamities, subject to policy wording.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official ACKO website before purchasing.
Official Website
acko.com
Visit the official ACKO website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Where offered, may pay for specified minor repair services at approved garages up to the selected limit.
Optional; eligible services and prior approval requirements apply.
No. Third-party liability is outside the scope of standalone own-damage cover and must be insured separately.
The quote depends on vehicle model and age, IDV, location, claims history, deductibles and selected add-ons.
Insured Declared Value is the value stated in the policy and is used in determining applicable total-loss or theft settlements under policy terms.
No. It is an optional add-on where offered and must be selected and shown in the policy schedule.
Mechanical or electrical breakdown is not automatically covered. Check the policy wording and available add-ons for the specific situation.
Normal wear and tear and routine maintenance are generally excluded from motor own-damage cover.
Verify the IDV, deductibles, insured events, exclusions, selected add-ons and the validity of your separate third-party policy.