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Ashok Leyland is a collaboration between Ashok Motors and Leyland Motors. Today the company is a flagship of Hinduja Group which is an Indian-originated, British-based trans-national conglomerate. The company majorly manufactures transport vehicles ranging from Lightweight motor vehicles to Heavy Goods carrying ones. The cost of the Ashok Leyland Insurance policy depends upon the type of vehicle being insured.
Following are the benefits of buying vehicle insurance for an Ashok Leyland vehicle.
The Indian constitution says that a vehicle should be driven only with a valid insurance policy. If this is not followed, the owner can be fined heavily. Thus, you follow the law by buying an insurance policy for your vehicle.
A commercial vehicle is constantly on the road for business purposes. This makes it more vulnerable to accidents and theft. This situation can prove to be a huge financial burden for the owner if no insurance policy is purchased.
Heavy vehicles can cause a lot of damage to life or property. Insurance helps in compensating a person against such losses.
Buying a comprehensive policy allows the policyholder to buy additional coverages that have multiple insurance benefits like access to more services or higher claim amounts.
The above factors ensure that the owner/driver of the Ashok Leyland vehicle can be at peace as he/she does not have to worry about spending additional money against damages related to their commercial vehicle.
Car insurance plans for Ashok Leyland can be of the following types.
It is necessary by law that a vehicle running on an Indian road should be insured. The laws are more strict for commercial vehicles. Buying a third-party insurance policy is a basic requirement as it covers the policyholder against third-party damages or injuries. Additionally, a Personal Accident cover of Rs. 15 Lakh is also included in the policy.
Buying a comprehensive insurance policy is not mandatory, however, it is much more beneficial as compared to a Third-party (TP) liability policy. Where a TP policy only offers financial protection against TP damages, a comprehensive policy covers the insured vehicle as well against financial losses. Additionally, one can buy more add-on covers as per their needs to enhance the coverage.
Raising a claim intimates the insurance company that your Ashok Layland vehicle is damaged. The claim process followed at ACKO is quite simple as compared to the traditional one. Here, claims can be raised online without the hassle of tedious paperwork or expert guidance. Follow these steps to claim against your car insurance policy.
Step 1 - Visit www.acko.com from a browser or download ACKO's mobile app.
Step 2 - Login to your ACKO profile by using a registered mobile number.
Step 3 - Find your Ashok Layland car, click on "Claim Now" and enter the required details.
ACKO will get in touch with your to understand more about the claim and guide you through the process. We may also request certain details related to the incident from time to time.
Factors like the cost of the vehicle, its manufacturing year, additional accessories, type of insurance policy, the owner/driver’s claim history, driving habits, etc. affect the cost of an insurance policy.
Buying a vehicle insurance policy online can give you a lot of benefits as compared to buying it offline. For example, there are no agent commissions involved when purchasing an insurance policy online. You can save time and buy the policy from the comfort of your home or office. Digital insurance companies also offer online services that are useful after the purchase of the policy.
The Claim Settlement Ratio (CSR) can increase or decrease depending on a lot of factors. Thus, choosing an insurance company based on its CSR alone could prove to be unfruitful. Consider options like social media reviews, ratings, features of the insurance policy, cost, etc. while choosing an insurance company.
Please visit www.acko.com to purchase insurance for your Ashok Leyland vehicle.
The cost of vehicle insurance depends upon various factors related to the vehicle and its owner. For example, the Insured Declared Value i.e. the approximate market value of the vehicle plays a vital role in the premium. Similarly, the type of vehicle insurance policy, the number of add-ons, claim history, etc. are also important. All these determine the cost of Ashok Leyland’s insurance policy.
No, if you choose to buy insurance online, you can get your policy within minutes.
Commercial vehicles require regular attention as they are constantly on the road. One may have to spend money regularly depending upon the nature of the business for which the vehicle is being used.