Home / General Insurance / Articles / Here’s What You Need To Know About Buying Insurance From ACKO

Here’s What You Need To Know About Buying Insurance From ACKO

Team AckoJan 17, 2024

Thinking of buying insurance from ACKO? Great choice! But do you have doubts about who actually issues the policy? Or if the policy comes from ACKO or is issued by another insurance company? Well, we’re here to clear those doubts from your mind.

Contents

ACKO is an IRDAI registered insurance company

When you buy a policy from ACKO, rest assured that it is a policy which has been issued by us. ACKO is an insurance company registered with the IRDAI or the Insurance Regulatory and Development Authority of India. The IRDAI was created as an independent, autonomous body with the aim of regulating the insurance sector in India with the interest of the policy holder in mind. Every insurance company in India is supervised and regulated by the IRDAI.

The car and bike insurance policies that you see online and on the app are ACKO’s own products. We do not sell car and bike insurance policies which have been manufactured or created by any other insurance company.

Advantages of buying from ACKO

There are a number of advantages that come from buying insurance from ACKO. Starting with:

Zero Commission: ACKO is zero commission insurance. When you buy insurance from ACKO, you are buying it directly from us, an IRDAI registered insurance company, without going through any middlemen.
High Claim Settlement Ratio: ACKO has a claim settlement ratio of 95% and has settled over 2 lakh claims. ACKO offers cashless claim settlements and in case of smaller claims like windshield damage or scratches, we even settle the claim on the same day!
Hassle Free Claims Experience: Forget making long phone calls to get your claim processed. ACKO is tech-first, which means that you can raise your claim through the convenience of our app. What’s more, you can track the status of your claim through the app, too! More than 70% of our customers who’ve experienced our claim settlement process, highly recommend us to their friends and family.
Significant Savings: The absence of commission means we can pass on those savings to you through our low premiums. It’s a win-win situation!
Paperless Experience: Our powerful tech stack enables a mostly paper-free experience which is convenient, hassle-free and accessible at all times. No more searching through drawers for your insurance papers! Get them mailed to your inbox and sent to your WhatsApp in mere minutes, straight from the app.
Edit Your Policy On-The-Go: Noticed an error in your chassis or engine numbers? Need to change your phone or contact number? Making even minor changes in your policy was once a long drawn out process which involved multiple phone calls and waiting. But editing your policy on the ACKO app is so easy and quick! And the best part is that your new policy is issued in minutes.
Direct Line To Customer Care: When you have a policy with ACKO, rest assured that you can communicate to us directly without having to go through any third party. We’re always working round the clock to provide you with fast solutions and address your grievances as quickly as possible.

It’s time to #CheckACKO!

ACKO is an IRDAI registered insurance company that has served over 7 crore customers and has settled over 2 lakh claims*. Are you part of the ACKO family yet? #CheckACKO now for the best savings on your car and bike insurance.

Explore More: