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IFFCO Tokio Vs Acko Four-wheeler Insurance - IIFL Insurance
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IFFCO Tokio Vs Acko Four-wheeler Insurance

Automobile insurance, often known as motor insurance, is a form of policy that you can buy for your car or other four-wheeled vehicles. It provides financial protection in the event that your vehicle is involved in a traffic accident. You can make a claim for damages, losses, and injuries caused by traffic accidents if you have valid automobile insurance.

To find the finest vehicle insurance online, you must first understand the different types of coverage available for four-wheelers. Third-party insurance and comprehensive insurance are the two types of car insurance available in India.

Third-party insurance, as previously said, is required for car owners and protects third-party damages and losses. The IRDAI regulates the cost of third-party car insurance (Insurance Regulatory and Development Authority of India). On the other hand, comprehensive insurance coverage covers both third-party and personal damages.

These two insurance categories encompass all of the various types of automobile insurance coverage available online.

When it comes to insurance purchases or claims, ACKO General Insurance is dependable. For FY 19-20, the company had an impressive claim resolution ratio of 95%. Because the entire process may be performed online, claim settlement is quick and easy.

ACKO is a General Insurance firm that is IRDAI licensed (IRDAI Registration No: 157). On www.acko.com, we offer car, two-wheeler, taxi, and health insurance policies. We also offer insurance through partnerships with top Indian firms such as Amazon, Ola, MakeMyTrip, Zomato, OYO, RedBus, and others, such as smartphone screen insurance, passenger protection, and more.

They have tried to offer transparency to all of our goods’ features and prices by being entirely online.

In addition, FinTech Global named us the 8th best InsurTech firm in 2019.

So far, ACKO has sold over 60 crore insurance policies. With a 4.8 star rating on Google and a 4.2-star rating on Facebook, our consumers have proven their affection for us.

Why should you Buy or Renew Car Insurance?

Here are some of the most compelling reasons to buy and renew car insurance.

1. Legal Obligation

It is a legal necessity to insure a car with basic third-party insurance coverage. Following the law of the land might result in harsh penalties such as fines and/or jail.

2. Financial Protection

If you have to pay for the entire repair out of your own money, it might be quite costly. Having a Comprehensive policy enhances coverage and provides cash aid to pay for the damaged vehicle’s repairs.

3. Affordability

New-age insurers, such as ACKO, provide value-added services like pick-up and drop, where they pick up the damaged vehicle, repair it in a garage, and return it to you within three days.

How to Renew a Motor Insurance Policy Through the Internet

The procedure for renewing your policy is similar to that of purchasing a new car insurance policy. Here’s how to renew your auto insurance with ACKO.

Step 1: If you have previously purchased insurance with ACKO, you can make changes to it by logging into your account. Visit our website or download the ACKO mobile app if you hold a policy with another insurer and want to renew it with ACKO.

Step 2: When you renew your vehicle insurance coverage with ACKO, you’ll be asked to provide and verify information about your vehicle, previous policy, and so on. Choose the plan and add-ons that best meet your needs.

Step 3: Make an online payment after you’ve chosen the proper insurance policy for your automobile or motorcycle. You will receive the policy paper in your mailbox once you have paid the subscription.

In 2020, Tata AIG General Insurance Co. Ltd., which first opened its doors in India on January 22, 2001, will mark its 20th anniversary. This company has established itself as a top general insurance provider in India, offering products in the areas of autos, property, travel, personal accident, marine, energy, and many more.

Tata AIG General Insurance Co. Ltd. Is one of the most well-known names in the Indian general insurance industry, with its headquarters in Mumbai. With end-to-end services, the company is spreading its business over many channels, from brokers, agents, and banks to direct methods of services, such as e-commerce, telemarketing, and the company’s website, in order to keep their business operating.

If your car is destroyed or stolen as a result of an accident, this plan will compensate you. In the event of an explosion, lightning, fire, terrorism, burglary, theft, housebreaking, external accident, malicious acts, natural calamity, and so on, the expenses are covered by insurance. This Tata AIG automobile insurance policy includes personal accident coverage for the owner/driver in the event of an accident resulting in injury or death. The policyholder is compensated through personal accident insurance, which pays out 100% in the event of death. The payment is 100 percent if both eyes are blinded and both limbs are lost. The payment is 50% if one eye is blinded and one leg is amputated. You will be fully paid if you suffer a total or permanent impairment. TATA AIG automotive insurance covers third-party responsibility.

How to renew your lapsed Auto Insurance coverage with Tata AIG?

Renewal of an automobile insurance policy has never been easier. Tata AIG also offers the option of renewing a lapsed or expired auto insurance policy.

While it is ideal for renewing your insurance before it expires, you may be unable to do so at times. For such misses, we offer a 90-day grace period from the date of expiry. If you renew your insurance within the Grace Period, you will keep all of your accrued benefits, including the No Claim Bonus savings.

The following are the steps to renew your lapsed auto insurance coverage with Tata AIG:

Step 1: Visit our official website to renew your TATA AIG vehicle insurance.

Step 2: Enter the registration number of your vehicle. Click ‘Renew’ to get online car insurance quotes and renew your policy.

Step 3: Follow the prompts on the screen to fill in the blanks. Choose from add-ons such as Roadside Assistance and Engine Security coverage, No Claim Bonus (NCB) protection, Zero Depreciation Coverage, Return to Invoice Coverage, and more.

Step 4: Enter your vehicle registration details, the RTO office address, and the vehicle’s name and model. Keep track of any claims made during the previous policy period, as well as the date the policy expired.

Step 5: Once you’ve completed these procedures, your auto insurance premium will be determined.

Step 6: Make your payment online, and Your Renewal is done!

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