Home / Cancellation and Refund Policy
We will be sad to see you go however we will try to make the cancellation and refund process as effortless as possible.
Can I cancel my Acko Policy and seek a refund?
Yes. A no-questions-asked, full refund of your premium will be initiated if the policy has not commenced, i.e. prior to coverage/policy start date.
Can I cancel my Acko Policy and seek a refund, if the coverage/policy has commenced?
Yes, considering: a) If you are selling your motor vehicle insured under concerned Acko policy. b) If you have procured a new plan/policy with regards to the motor vehicle insured under concerned Acko policy. In both cases, the refund of the premium will be on a pro-rata basis. For any other scenario please contact us on [email protected]
How do I cancel my Acko Policy?
We request you to email us on [email protected] Please do provide your policy number, the reason for cancellation & requisite documents. In case of cancellation due to the sale/transfer of the vehicle, please provide relevant legal documents (Sale Deed or Form 29 of RTO) evidencing sale/transfer. In case you have purchased a new plan/policy, please provide a copy of the same.
What is the refund timeline?*
1) 7 business days from the policy cancellation date via the original payment mode. 2) If the policy was purchased offline, we will ask you for the bank account in which the refund needs to be made. Such transfer will be completed approximately within 14 business days from the policy cancellation date.
*These are estimated timelines and may vary depending on the process of concerned bank, our payment partner tie-ups or any unforeseen circumstances.
IRDAI Registration No: 157
Category: Non-Life Insurance
The use of images and brands are only for the purpose of indication and illustration. ACKO claims no rights on the IP rights of any third parties. The ratings are derived from reviews and feedback received from Google and Facebook users on their respective platforms. | *Save Rs. 45,000 has been calculated on IDV of 20,00,000, 0% NCB and select add-ons. Amount saved is in comparison to Acko's F&U filing. Product name: Private Car Policy - Bundled | UIN: IRDAN157RP0014V01201819 |
Trade logo displayed above belongs to ACKO Technology & Services Pvt Ltd and used by ACKO General insurance Limited under License. For more details on risk factors, terms, conditions and exclusions, please read the policy wordings carefully before concluding a sale.