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In India, owning a car is a matter of pride. But maintaining a car becomes a challenge, especially with the increasing cost of spare parts and service. A car insurance policy protects you against financial losses incurred due to damages to your car. Moreover, third-party motor insurance ensures that you comply with legal requirements. Elite i20 is a premium hatchback from Hyundai, which is popular among car enthusiasts in the country. Read on as this article covers all the aspects of Hyundai Elite i20 car insurance.
Below are the benefits of purchasing car insurance online for your Hyundai Elite i20 car:
There is no need to fill forms or submit documents while buying/renewing car insurance online from ACKO. Visit the ACKO website or app and fill in the vehicle and personal details to purchase car insurance for your Elite i20 car. The car insurance purchase/renewal process can be completed within a few minutes.
You don’t need to visit an insurance agent or insurer’s office to buy car insurance online. Just log on to the ACKO website/app and complete the purchase from anywhere in the country. Also, you can compare different insurance plans online before buying one. Online car insurance saves you precious time and money.
When you buy car insurance online, there is no intervention from an agent/middleman. You directly purchase the policy from ACKO. With no influence from an agent, you can make an informed choice and buy the car insurance policy that best fits your needs at an economical Hyundai i20 insurance price.
There are mainly two types of car insurance plans available for Hyundai Elite i20: Comprehensive Car Insurance Plan and Third-Party Car Insurance Plan. Below are the details of both the insurance plans
A Third-Party Car Insurance Plan provides coverage against loss/damage to third-party property or life. Purchasing a third-party cover is mandatory to comply with the legal requirements. A third-party liability (TPL) cover is a basic insurance policy, and it does not cover damages to your vehicle.
A Comprehensive Car Insurance Policy provides extensive coverage as it comes with Third-party and Own Damage cover. The insurance plan provides coverage against third-party damages and damage to your vehicle. The vehicle damage cover provides coverage against damage to your car caused due to an accident, fire, or man-made/natural disaster. Apart from that, the Comprehensive Plan also covers theft or total loss of the insured vehicle.
You can also buy add-ons to enhance the coverage of the Comprehensive Car Insurance Plan.
Hyundai Elite i20 Comprehensive Car Insurance Plan provides coverage against the following:
Accidental damages to the car..
Loss or damages to third-party property or life.
Damages to the car caused due to natural disasters such as floods, earthquakes, cyclones, etc.
Damages to the car caused due to an explosion or fire outbreak.
Loss or damages to the car caused due to man-made calamities such as riots, vandalism, etc.
Total loss or theft of the insured car.
Hyundai Elite i20 Comprehensive Car Insurance does not provide coverage against the following circumstances:
Loss or damage to the car due to wear and tear.
Loss or damage to the car while driving without a valid driving licence.
Loss or damage to the car due to rash driving/improper handling.
Loss or damage to the car when driving under the influence of alcohol/intoxicating substances.
Loss or damage to the car when driving outside the geographical limits of the policy.
Any add-on cover which is not purchased.
Personal Accident cover.
An add-on is an individual cover, which enhances the coverage benefits of the Comprehensive Car Insurance Policy. Below are the car insurance add-ons available with reasonable i20 car insurance amount:
Return to Invoice Cover
Key Replacement Cover
You can consider opting for the below add-ons for comprehensive coverage for your Hyundai Elite i20 car:
The engine is one of the most important components of your car. The Engine Protection add-on covers damages to your car’s engine caused due to an accident, oil/coolant leakage or natural/man-made disaster. Engine repair works can be expensive, and the Engine Protection Add-on covers such expenses.
Getting stranded on the road due to a vehicle breakdown is one of the biggest worries of a car owner/driver. But by opting for the Roadside Assistance Cover, you will get 24x7 emergency roadside assistance within 100km from your residence, including towing services and on-the-spot vehicle repairing services.
The Comprehensive Car Insurance Plan does not cover the cost of consumable items. The Consumables Cover protects you from expenses incurred due to the use of consumables such as engine/gearbox oil, nuts and bolts, etc., during the repair work. Whenever your car is damaged, the service centre will charge you for these consumables. With this add-on, your expenses will be covered by your insurer.
Imagine you are on a long drive, and your car breaks down. It’s the worst possible scenario that can happen during a road trip. But an Outstation Emergency Cover provides coverage against breakdowns/accidents outside a 100 km radius of your residence. With this add-on, you can drive without worrying about vehicle breakdown.
Below are the reasons why you should purchase a car insurance policy for your Elite i20 from ACKO:
Get your car insurance instantly thanks to ACKO’s 100% digital purchase/renewal process. All you need to do is enter the basic details of your car and yourself and choose the insurance plan. That’s it. You will get your car insurance policy instantly sent to your email address.
ACKO offers an instant claim settlement for minor damages to your Elite i20. If the damages are severe, ACKO will pick up your car within an hour (for select cities) for repair works. The repaired vehicle will be delivered to your doorstep within three days, as per the terms and conditions of the policy.
Thanks to the tech-enabled digital process, ACKO saves a lot on operational costs. The savings are passed on to customers in the form of low-cost car insurance plans. You can compare insurance plans and choose the right policy for your car.
Filing a car insurance claim at ACKO is simple, and it takes only a few minutes. Follow the below steps to raise a claim against the ACKO car insurance policy:
Step 1 - Visit the website ACKO.com or download the ACKO smartphone app.
Step 2 - Login to your account with your registered mobile number.
Step 3 - Click on the Claim option on your policy card.
Step 4 - Enter details about the nature of the damage.
Step 5 - Upload pictures of your damaged car.
Step 6 - You will receive an instant claim settlement for minor damages.
Step 7 - If the damages are severe, ACKO’s car insurance expert will contact you to process the claim settlement.
Below are answers to some of the most frequently asked questions about Hyundai Elite i20 car insurance
Below are the factors that affect the cost of car insurance:
Make and model of the car
Insured Declared Value
Type of car insurance plan and add-ons
Security or anti-theft devices installed (If any)
You can consider buying the Comprehensive Car Insurance Policy for your Elite i20 car for an extensive coverage. The Comprehensive Policy provides coverage against damage/loss to third-party property/life, damages to your car, and total loss or theft of the insured vehicle. You can also enhance the policy coverage by purchasing add-ons as per your need or as per the vehicle you own.
You can renew car insurance online or offline. For offline renewal, you have to visit the insurer’s office and submit the hard copies of the documents and complete the renewal process. Online renewal is very convenient as you can log on to the insurer’s website and complete the renewal princess online without any paperwork.
ACKO customers can visit the ACKO website/app and log in to their account to renew the car insurance policy. Select the car insurance plan and add-ons and pay the premium online. That’s it. Your car insurance policy renewal is complete. There is no paperwork or filling of forms.
You need to submit the following documents for car insurance renewal:
Vehicle registration certificate
Previous car insurance policy certificate
Pollution Under Control (PUC) certificate
ACKO customers need not submit any documents during car insurance policy renewal. Just log in to your account, choose the insurance plan and make the payment online. There is no paperwork or documentation.
Yes. A car insurance plan is a must for a motor vehicle. It doesn’t matter if your car is new or used. Motor insurance is mandatory to comply with The Motor Vehicles Act, 1988. Driving a car without a valid insurance policy is an offence, and you may be penalised for doing so. You need to buy at least a Third-Party Car Insurance Plan for your second-hand car. For better coverage, you can opt for a Comprehensive or Package Insurance Plan.
A Comprehensive Car Insurance Plan does not cover damages to the engine of the car. However, if you have opted for the Engine Protection add-on, you can raise a claim against the car insurance policy provided the engine oil leak is caused due to accidental damage. But consider avoiding a claim if the damage is minor. You may lose out on benefits such as No Claim Bonus unless you have opted for an NCB Protection add-on cover.
Yes. You will continue to get the No Claim Bonus benefit despite selling your old car and buying a new car. NCB is earned by the owner of the vehicle and not the car. So, when you buy a new car insurance policy, you can transfer the NCB benefits of the previous policy. You will get an NCB discount on the premium when buying/renewing the car insurance policy.
You can reduce the car insurance premium by installing an anti-theft or security device on your Hyundai Elite i20. With the reduced risk of theft, the car insurance premium will come down. You can also avoid purchasing unnecessary add-ons when buying a Comprehensive Car Insurance Policy. Opt for add-ons that are suitable for your driving style or the vehicle you own.
IDV or Insured Declared Value is nothing but the approximate current market value of your car. IDV also determines the premium of the car insurance policy. IDV is calculated on the ex-showroom price of the vehicle minus the depreciation value, depending on the age of the car. The registration costs and insurance costs are excluded while calculating the IDV. Declaring the correct IDV is important as it is the amount you would receive in case of a total loss or theft of your car.
You will continue to get the NCB benefits if you renew the lapsed car insurance plan within 90 days of expiry. If you renew the insurance plan after 90 days, you will lose the No Claim Bonus accumulated over the years. Also, an expired motor insurance plan does not provide coverage to your car. So, it’s better to renew the policy before it expires. You might have to pay additional service charges while renewing an expired car insurance plan.
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