Acko Insurance: Revolutionizing the Insurance Landscape with Innovation and Success
Introduction:
In the vast realm of insurance, where traditional methods and rigid structures have long dominated, a new player emerged on the Indian scene, disrupting the status quo and redefining the way insurance is perceived and experienced. Acko Insurance, a technology-driven insurance provider, burst onto the scene in 2017 and quickly made waves with its innovative approach, customer-centricity, and relentless pursuit of simplifying insurance processes. In a remarkably short span of time, Acko has achieved remarkable success and garnered accolades for its transformative impact on the insurance industry.
Founded by Varun Dua, an industry veteran with a deep understanding of insurance and a vision for a more accessible and customer-friendly future, Acko Insurance set out to address the pain points that customers faced in the traditional insurance landscape. Leveraging the power of technology and data analytics, Acko aimed to create a seamless and hassle-free insurance experience, focusing on speed, transparency, and personalized offerings.
One of the key factors contributing to Acko’s success is its customer-centric approach. Acko recognized that insurance, a vital aspect of financial security, often fell prey to complex policies, lengthy processes, and an overall lack of transparency. Acko aimed to change this by designing insurance products that were straightforward, transparent, and tailored to the needs of the customers. By embracing a digital-first approach, Acko eliminated the need for paperwork and simplified the entire insurance journey, making it more accessible and convenient for policyholders.
The innovative use of technology lies at the heart of Acko’s success story. By harnessing the power of artificial intelligence, machine learning, and data analytics, Acko was able to streamline its operations, assess risks more accurately, and offer highly customized policies. The integration of cutting-edge technologies allowed Acko to automate processes, reducing manual intervention and enabling faster claim settlements, much to the delight of customers. This emphasis on technology not only enhanced operational efficiency but also helped Acko in effectively managing risks and combating fraudulent activities.
Furthermore, Acko’s commitment to providing exceptional customer service played a crucial role in its journey towards success. By leveraging technology, Acko was able to offer round-the-clock support, enabling customers to access insurance services at their convenience. The company focused on building strong customer relationships, offering prompt assistance during claims, and actively engaging with customers through various digital platforms. This customer-centric approach not only fostered trust but also created a loyal customer base, fueling Acko’s growth.
In just a few years since its inception, Acko Insurance has emerged as a trailblazer, disrupting the traditional insurance model and inspiring a wave of innovation within the industry. Its transformative impact, fueled by technological prowess, customer-centricity, and simplified processes, has propelled Acko to the forefront of the Indian insurance landscape. As Acko continues to grow and expand its offerings, its success story serves as a testament to the power of innovation and customer-focused solutions, redefining the possibilities within the insurance industry.
Acko - Company Highlights
| Startup Name | Acko |
|---|---|
| Headquarters | Mumbai, Maharashtra, India |
| Sector | Insurance |
| Founder | Varun Dua, Ruchi Deepak |
| Founded | November 2016 |
| Total Revenue | INR 195.6215 Crore (March 31, 2020) |
| Net Profit/(Loss) | (INR 187.838 Crore) |
| Total Funding | $458 million (October 2021) |
| Total Valuation | $1.1 billion (October 2021) |
| Website | acko.com |
Table of Contents
Acko – About
Acko – Startup Story
Acko – Products and Services
Acko – Founder And Team
Acko – Tagline, Slogan And Logo
Acko – Business Model
Acko – Revenue Model
Acko – Funding And Investors
Acko – Growth
Acko – Partnerships
Acko – Competitors
Acko – Awards and Recognition
Acko – Future Plans
Acko - About
Acko General Insurance, an Indian private general insurance company, has made a significant impact since its establishment in 2016. With its license from the Insurance Regulatory and Development Authority of India (IRDA) obtained in September 2017, Acko has pioneered an online model of insurance, revolutionizing the industry. By leveraging its digital platform, Acko provides customers with premium insurance facilities and bite-sized insurance products, all without any commissions. The company’s commitment to digitization has eliminated the need for paperwork, allowing for a seamless and hassle-free insurance experience.
Since its inception, Acko has experienced rapid growth and has already served an impressive count of over 50 million unique customers. As the first digital insurer in India, Acko has quickly established itself as a trailblazer, setting new standards for customer convenience and accessibility. By embracing technology and leveraging its online platform, Acko has not only simplified insurance processes but has also empowered customers by offering tailored insurance solutions at their fingertips. Through its customer-centric approach and commitment to innovation, Acko continues to shape the future of the insurance industry in India.
Acko - Startup Story
Acko Insurance, founded in 2016 by Varun Dua and Ruchi Deepak, emerged as India’s first digital insurance service provider. Recognizing the cumbersome, tedious, and opaque nature of insurance processes, especially for products like automobiles, Varun and Ruchi were motivated to address these shortcomings, which ultimately led to the establishment of Acko.
Ruchi, co-founder of Acko, highlighted the pricing aspect as one of the major flaws in the insurance industry. She stated, “One of the biggest flaws is the price point of these products.”
“We identified a tremendous opportunity for a digitally empowered insurance company to enhance both customer experience and enterprise value. My co-founder Varun Dua and I were determined to pursue it,” Ruchi added.
As the Chief Executive Officer of the company, Varun Dua plays a pivotal role in Acko’s operations, while Ruchi Deepak holds the position of founder-director. Acko has gained support from prominent investors such as Accel Partners, SAIF Partners, and Catamaran Ventures. Its insurance offerings encompass domestic trip insurance as well as mobile insurance, catering to a wide range of customer needs.
Acko - Products and Services
Products of Acko: Transforming Insurance with Comprehensive Offerings
Acko Products
Acko General Insurance provides a wide range of insurance products catering to various needs. Let’s explore some of the key offerings:
1. Acko Mobile Insurance: Acko offers comprehensive protection plans for mobile phones. With Acko mobile insurance plans, users can enjoy a smooth and efficient process for phone repairs in the event of breakdowns or damages.
2. Acko Health Insurance: Acko provides health insurance policies to ensure financial assistance in case of sudden illnesses, unfortunate incidents, and planned/emergency hospitalization. These policies offer coverage for basic hospitalization as well as additional benefits like wellness coverage and preventive healthcare.
3. Acko Car Insurance: Acko’s car insurance policy covers a wide range of risks related to cars. Opting for Acko car insurance provides users with financial assistance in case their car faces damages or causes damages to others.
4. Acko Bike Insurance: Acko also offers bike insurance policies that cover both old and new bikes. With Acko’s bike insurance coverage, users can enjoy instant policy issuance and claim benefits.
5. Acko Group Health Insurance: Acko’s Group Health Insurance is designed to cater to the needs of employees in a post-Covid era. It serves as a modern employee benefits plan, providing comprehensive coverage for healthcare needs.
Additionally, among the car and taxi insurance products, Acko offers the Ola Trip Insurance, a micro-insurance product that provides coverage for cab passengers. This innovative offering was awarded the prestigious Golden Peacock Innovative Product award in 2019.
Acko continuously strives to improve its products and insurance services. With a focus on leveraging data and technology, Acko enhances pricing, purchasing processes, claims settlement, and more to ensure an enhanced customer experience.
Acko Services
In addition to its diverse product range, Acko also offers customized prices, instant policy issuance, and quick claim settlements. With a commitment to making insurance as friendly as a smile, Acko places a strong emphasis on customer convenience. The dedicated Acko team is driven by the love and support of its customers and investors, working tirelessly to deliver outstanding insurance solutions and services.
Acko - Founder And Team
Acko – Founder and Team: Driving Innovation and Growth
Varun Dua: Founder and CEO
Varun Dua, the Founder and CEO of Acko, is a visionary leader in the insurance industry. He holds a degree from MICA, Ahmedabad, and the University of Mumbai. Varun began his career as a Marketing Manager at Tata AIG Life Insurance and Franklin Templeton Investments before venturing into entrepreneurship. In 2013, he founded Coverfox Insurance Broking Pvt. Ltd., where he served as the Founder and CEO. With his expertise and entrepreneurial drive, Varun founded Acko in 2016, propelling the company to new heights.
Ruchi Deepak: Co-founder and Director
Ruchi Deepak, another integral figure in Acko’s founding team, has played a pivotal role in the company’s success. With senior positions at Coverfox, Matrix Partners, and Franklin Templeton Investments, Ruchi’s extensive experience in the industry shaped her entrepreneurial journey. Despite the challenges of setting up Acko and filing for the license, Ruchi’s dedication remained unwavering, even giving birth to twins during the process. As a co-founder and director, she brings her expertise and commitment to drive Acko’s growth and innovation.
The Acko team has witnessed remarkable growth since its inception. From a small group of six individuals during the early stages, Acko has evolved into a dynamic workforce of over 400 employees. The team at Acko comprises a diverse range of professionals, including skilled coders and financial experts. This eclectic mix of talent enables Acko to effectively combine technology, data analytics, and insurance expertise to provide innovative solutions and exceptional customer experiences.
With Varun Dua and Ruchi Deepak at the helm, Acko continues to thrive and lead the way in transforming the insurance landscape in India. Their entrepreneurial spirit, combined with the collective expertise of the Acko team, propels the company towards even greater achievements in the future.
Acko - Tagline, Slogan And Logo
Acko – Tagline, Slogan, and Logo: Simplifying Insurance with Innovation
Tagline: Acko’s general tagline is “Insurance made easy: Zero commission. Zero paperwork.” This tagline reflects the company’s commitment to providing a hassle-free insurance experience to its customers. By eliminating commissions and paperwork, Acko aims to simplify the insurance process and make it more accessible for everyone.
Additionally, Acko has also used the tagline “Full Paisa Wasool” in its marketing campaigns. This tagline signifies the concept of complete value for money insurance, emphasizing that customers get the most out of their insurance coverage with Acko.
Logo: Acko’s logo is thoughtfully designed to represent the brand’s identity. The logo features three colors: a primary color and two secondary colors. The primary color is white, symbolizing purity, transparency, and simplicity. The secondary colors are purple and green, which add vibrancy and a sense of growth to the logo.
The logo itself is sleek, smart, and easily memorable. Its clean lines and modern typography convey a sense of professionalism and innovation. With its visually appealing design, the Acko logo reflects the company’s focus on creating a modern and customer-centric insurance experience.
Overall, Acko’s tagline, “Insurance made easy: Zero commission. Zero paperwork,” and its logo represent the company’s core values of simplicity, transparency, and customer convenience.
Acko - Business Model
Acko – Disruptive Business Model Redefining Insurance Distribution
Acko operates on a direct-to-consumer business model, leveraging its online platform to distribute traditional insurance products. This approach enables the company to establish a direct connection with customers, offering them greater convenience, transparency, and competitive pricing.
By eliminating intermediaries and adopting a digital-first strategy, Acko gains significant advantages in risk selection and underwriting. The online platform enables efficient data collection and analysis, allowing for more accurate risk assessment and personalized insurance offerings.
In addition to offering traditional insurance products such as car, bike, and health insurance, Acko stands out by providing innovative and bite-sized insurance solutions. These include specialized offerings like rider insurance, mobile and appliance protection, ticket cancellation insurance, and more. By catering to specific needs and offering flexible coverage options, Acko aims to meet the evolving demands of customers in a fast-paced digital era.
Acko’s success is further bolstered by its partnerships with over 15 leading players in the internet ecosystem. Collaborations with prominent brands like Ola, Oyo, redBus, Zomato, HDB Financial Services, UrbanClap, Rapido, and Amazon strengthen Acko’s market presence and enhance its distribution channels. These partnerships allow Acko to tap into a broader customer base and offer insurance solutions seamlessly integrated with various online platforms.
With its customer-centric approach and innovative business model, Acko has witnessed remarkable growth in a relatively short period. The company proudly claims to have distributed insurance policies to over 62 million unique customers within just 24 months of operations. This achievement showcases Acko’s ability to disrupt the traditional insurance landscape and establish itself as a leader in the digital insurance industry.
Acko - Revenue Model
Acko – Revenue Model: Customer-centric Insurance Schemes
Acko generates revenue primarily through its customer-centric insurance schemes. By offering a diverse range of insurance products and services, Acko caters to the evolving needs of its customers while creating sustainable revenue streams. The company’s commitment to providing exceptional customer support has earned them a strong reputation and customer trust, contributing to their revenue growth.
Acko’s revenue model operates on the principles of insurance premiums and underwriting profits. Customers pay premiums for their insurance coverage, which serves as the primary source of income for the company. The premiums charged by Acko are determined based on risk assessments, policy terms, and coverage options, allowing for fair pricing tailored to individual needs.
The company’s customer-friendly schemes have garnered significant popularity and positive ratings. Acko’s dedication to delivering exceptional customer support ensures that customers receive prompt assistance and a smooth claims settlement process. This commitment to customer satisfaction has not only helped Acko retain existing customers but has also attracted new users, contributing to revenue growth.
By continually improving their insurance offerings and providing a seamless customer experience, Acko has built a strong customer base of over 45 million satisfied users. This large customer base provides a stable revenue stream for the company, further strengthening its position in the insurance market.
In summary, Acko’s revenue model revolves around offering customer-friendly insurance schemes and providing exceptional customer support. Through premiums paid by customers and underwriting profits, Acko generates revenue while earning the trust and loyalty of its growing customer base.
Acko - Funding And Investors
Acko – Funding and Investors: Building Strong Support and Valuation
Acko, as a prominent player in the insurance industry, has successfully secured significant funding to support its growth and innovation. The company has raised a total of $458 million across six funding rounds, highlighting investor confidence in its business model and potential.
The most recent funding round took place on October 27, 2021, where Acko raised $255 million. The round was led by General Atlantic, Multiples Alternate Asset Management Private Limited, and other investors. This funding round played a crucial role in propelling Acko’s valuation to $1.1 billion, solidifying its status as a unicorn Indian startup.
Looking ahead, Acko has plans to raise additional funds from both existing and new investors. The company aims to secure funding at a valuation that is more than double its current valuation, indicating its ambitious growth trajectory. Notably, there have been discussions with Prosus (formerly Naspers) regarding a potential investment of around $200 million.
| Date | Transaction Name | Money Raised | Lead Investors |
|---|---|---|---|
| October 27, 2021 | Series D | $255 million | General Atlantic, Multiples Alternate Asset Management Private Limited |
| September 15, 2020 | Series D | $60 million | Munich Re Ventures |
| November 28, 2019 | Venture Round | $36 million | Ascent Capital, Binny Bansal |
| March 13, 2019 | Series C | $65 million | Amazon |
| May 27, 2018 | Series A | $12 million | Amazon |
| May 23, 2017 | Seed Round | $30 million | Kris Gopalakrishnan and N.R.Narayana Murthy |
Acko boasts a diverse group of 21 investors, with eight lead investors among them. These investors provide essential support and resources to facilitate Acko’s expansion and innovation. Prominent investors include Amazon, Accel Partners, Catamaran Ventures, Elevation Capital, RPS Ventures, and Mr. Binny Bansal, among others. The involvement of these respected investors reflects their confidence in Acko’s business model and growth potential.
Overall, Acko’s strong funding history and investor lineup demonstrate the market’s recognition of its disruptive approach to insurance. With continued financial support and strategic partnerships, Acko is well-positioned to further expand its presence and revolutionize the insurance industry in India.
Acko - Growth
Acko – Impressive Growth and Partnership with Prominent Investors
Acko, the digital insurance company, has experienced remarkable growth and garnered support from prominent investors, including Narayan Murthy and Accel. In September 2019, the company underwrote a premium worth Rs 41.56 crore, marking a substantial six-fold increase compared to the previous year’s premium of Rs 6.53 crore.
The recent funding round on October 27, 2021, propelled Acko to join the prestigious unicorn club, with a two-fold increase in its valuation. The company’s valuation surged from approximately $500 million in the September 2020 funding round to $1.1 billion after securing $225 million in funding. This substantial growth in valuation reflects investor confidence in Acko’s business model and growth potential.
Despite the challenges posed by the pandemic, Acko has capitalized on the increased adoption of digital platforms for vehicle purchases. The company witnessed an impressive 120% growth in the sales of automobile insurance policies during the first quarter of FY22 compared to the same period in the previous year. This growth can be attributed to customers’ shift towards digital channels for insurance purchases, given the limitations on visiting physical showrooms.
In the first quarter of FY22, Acko posted Rs 81 crore in Gross Written Premium, indicating strong performance and market demand for its insurance offerings. The company’s auto business experienced a growth of 1.16 times compared to the same quarter of FY21. Furthermore, Acko witnessed substantial growth in acquiring new customers from non-metro cities, with approximately 3.5 times growth, while metro cities saw a growth of around 2.5 times.
This growth trajectory and expanding customer base highlight Acko’s ability to adapt to evolving market dynamics and effectively cater to customer needs. The company’s partnerships with renowned investors, coupled with its impressive financial performance, position Acko as a key player in the digital insurance space in India.
As per Acko’s Annual report, the revenue and financials of Acko are as follows.
| Particulars | Year Ended March 31, 2021 | Year Ended March 31, 2020 | Year Ended March 31, 2019 |
|---|---|---|---|
| Total revenue | INR 209 Crore | INR 195.62 Crore | INR 60.15 Crore |
| Total Expenditure | – | INR 383.40 Crore | INR 194.52 Crore |
| Profit/(Loss) After Tax | (INR 132.5 Crore) | (INR 187.83 Crore) | (INR 134.37 Crore) |
Acko’s website has experienced significant user engagement, with over 4 million users visiting the site in a single month. The company has witnessed a remarkable growth in website traffic, with a surge of 161% in the April to June quarter of FY22 compared to the same period in FY21. This growth indicates the increasing popularity and recognition of Acko’s digital insurance offerings.
In terms of customer base, Acko claims to have around 70 million customers across the country. This extensive customer reach highlights the company’s success in providing insurance solutions to a large number of individuals.
Acko also takes pride in its market share in embedded insurance products, particularly in the areas of mobility and gadget insurance. The company has established partnerships with renowned digital consumer platforms such as Amazon, MakeMyTrip, Ola, Urban Company, Bajaj Finance, and others. These partnerships have enabled Acko to offer its insurance products to a wide customer base through these popular platforms. Acko’s strong presence and market share in embedded insurance products signify its ability to cater to diverse customer needs and leverage strategic collaborations to expand its reach.
Acko - Partnerships
Acko has forged several noteworthy partnerships since its inception. Here are some prominent collaborations:
Partnership with Ola: Acko joined forces with Ola, a leading ride-hailing platform, to introduce an in-trip insurance program. This program operates in over 110 cities, providing passengers with insurance coverage during their Ola rides.
Collaboration with Amazon India: Acko partnered with Amazon India to offer mobile insurance plans on the seller’s website. This collaboration enables customers to purchase mobile insurance along with their mobile phone purchases on Amazon.
Partnership with Amazon Pay: Acko established a partnership with Amazon Pay, the payment service of Amazon. Through this collaboration, Acko launched an auto insurance policy in July 2020, leveraging the digital payment capabilities of Amazon Pay to streamline the insurance purchase process.
Collaboration with HDB Financial Services: Acko teamed up with HDB Financial Services to provide insurance options to customers who hold EMI cards with HDBFS. This partnership enables customers to access insurance coverage without incurring any additional costs.
These partnerships showcase Acko’s commitment to expanding its reach and making insurance products more accessible and convenient for customers. By collaborating with industry-leading companies, Acko is able to tap into new customer segments and enhance the value it offers to its policyholders.
Acko - Competitors
Acko operates in the competitive insurance industry in India, and it faces competition from various players. Some of the notable competitors of Acko include:
PolicyBazaar: PolicyBazaar is one of the largest online insurance aggregators in India. It offers a wide range of insurance products, including car insurance, health insurance, life insurance, and more. With a strong presence in the market and extensive partnerships with insurance providers, PolicyBazaar competes with Acko in the digital insurance space.
Digit Insurance: Digit Insurance is a technology-driven insurance company that focuses on simplifying the insurance process for customers. It offers various insurance products, including motor insurance, health insurance, travel insurance, and more. Digit Insurance has gained popularity for its user-friendly interface and innovative insurance solutions, making it a direct competitor to Acko.
ICICI Lombard: ICICI Lombard is one of the leading general insurance companies in India. With a wide range of insurance products and a strong distribution network, ICICI Lombard competes with Acko in multiple segments, including car insurance, health insurance, and travel insurance. It has established a strong brand presence and customer base over the years.
HDFC ERGO: HDFC ERGO General Insurance Company is a joint venture between HDFC Ltd. and ERGO International AG. It offers a comprehensive range of insurance products, including motor insurance, health insurance, home insurance, and more. HDFC ERGO’s extensive network and product offerings pose competition to Acko in the general insurance market.
Bajaj Allianz: Bajaj Allianz General Insurance is a prominent insurance company in India, known for its diverse insurance portfolio, including motor insurance, health insurance, travel insurance, and more. With a wide distribution network and strong customer base, Bajaj Allianz competes with Acko in various insurance segments.
These competitors, along with other established insurance companies and emerging insurtech startups, contribute to a competitive landscape in the insurance industry. Acko continues to differentiate itself through its digital-first approach, customer-centric offerings, and strategic partnerships to stay competitive and capture market share.
Acko - Awards and Recognition
Acko has received several awards and recognition for its contributions and achievements in the insurance industry. Some notable awards and recognition received by Acko include:
Golden Peacock Innovative Product/Service Award: Acko’s Ola Trip Insurance, a micro-insurance product for cab passengers, received the Golden Peacock Innovative Product/Service Award in 2019. This award recognizes the company’s innovation in developing unique insurance products.
India Insurance Summit & Awards: Acko was honored with the “Digital Insurer of the Year” award at the India Insurance Summit & Awards. This recognition highlights Acko’s digital-first approach and its impact on the insurance sector.
Economic Times Startup Awards: Acko was a finalist in the Economic Times Startup Awards in the “Best Startup of the Year” category. This acknowledgment reflects Acko’s growth and success as a startup in the Indian business ecosystem.
India Insurance Summit & Awards: Acko was awarded the “Best Insurtech Solution Provider” at the India Insurance Summit & Awards. This recognition highlights Acko’s technological innovations and its contribution to the insurtech space.
Business Today’s Coolest Startups: Acko was featured in Business Today’s list of “Coolest Startups” in India. This recognition showcases Acko as one of the innovative and promising startups in the country.
These awards and recognition reflect Acko’s commitment to innovation, customer-centric approach, and industry-leading solutions in the insurance sector. Acko’s efforts to revolutionize the insurance industry through technology and customer convenience have been acknowledged by various prestigious platforms.
Best Insure-tech Company – BW Festival of Fintech 2021: Acko was honored with the “Best Insure-tech Company” award at the BW Festival of Fintech in February 2021. This recognition highlights Acko’s achievements and contributions in the insurance technology sector.
Most Innovative Insurer – FICCI Insurance Industry Awards 2020: Acko received the prestigious “Most Innovative Insurer” award in the Non-Life Segment at the FICCI Insurance Industry Awards 2020. This award acknowledges Acko’s innovative solutions and contributions to the insurance industry.
Golden Peacock Innovative Product Award: Acko’s micro-insurance product, Ola trip insurance, was awarded the “Golden Peacock Innovative Product Award” in 2019. This award recognizes the uniqueness and innovation of Acko’s product in the insurance market.
Acko - Future Plans
Acko has ambitious plans for the future as it aims to expand and enhance its product offerings. Some of the key future plans for Acko include:
Health Insurance Schemes: Acko intends to focus on expanding its presence in the health insurance sector. This indicates a strategic move to cater to the growing demand for health insurance and provide comprehensive coverage to individuals and families.
Employee Expansion: Acko plans to augment its workforce by hiring more employees in the coming months. This highlights the company’s intent to scale up its operations and strengthen its team to support its growth objectives.
Vertical Expansion: Acko aims to expand across various verticals, with a specific focus on technology, auto insurance, and micro-insurance products. By leveraging technology and innovation, Acko intends to provide enhanced insurance solutions in these areas.
Micro-Insurance Products: Acko plans to further develop and expand its micro-insurance offerings, particularly in sectors such as travel, gadgets, and appliances. Micro-insurance provides specialized coverage for specific risks and caters to the needs of a diverse customer base.
These future plans indicate Acko’s commitment to continual growth and innovation. By expanding into new sectors, enhancing its product portfolio, and increasing its workforce, Acko aims to solidify its position as a leading player in the insurance industry and provide customer-centric insurance solutions to a wider audience.
Acko - FAQs
Frequently Asked Questions (FAQs):
Q: What is Acko?
A: Acko General Insurance is India’s first digital insurance company, offering private general insurance services.
Q: Where is Acko headquartered?
A: Acko is headquartered in Mumbai, Maharashtra, India.
Q: Does Acko provide cashless insurance schemes?
A: Yes, Acko offers cashless insurance schemes for its customers.
Q: Is Acko General Insurance reliable and trustworthy?
A: Yes, Acko General Insurance is a reliable and trustworthy company. It is licensed and certified by the Insurance Regulatory and Development Authority of India (IRDAI).
Q: What is Acko new car insurance?
A: Acko’s new car insurance policies provide coverage for cars as soon as they are purchased from showrooms. They also offer car insurance policies for old cars, covering damages incurred by insured vehicles.
Q: What is Acko mobile insurance?
A: Acko mobile insurance, also known as Acko insurance mobile, is an insurance policy that covers damages to mobile devices owned by customers.
Q: What is Acko health insurance?
A: Acko health insurance is a product offered by Acko that provides insurance coverage for various healthcare needs. It offers financial assistance in cases of accidents, planned/emergency hospitalization, and more.
Q: What is an Acko group health insurance policy?
A: The Acko group health insurance policy is designed to provide financial assistance to employees and their dependents in the post-Covid era. It ensures that employees receive the necessary support for their healthcare needs.
