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Acko General Insurance Company

Acko General Insurance Company Overview

Acko General Insurance is a private sector general insurance company established in India. The company was founded in 2016 and got its license from the Insurance Regulatory and Development Authority of India (IRDAI) in 2017. The general insurance company follows an advanced and online-led insurance model, due to which all operations of the firm are offered to the customers through the digital platform.

With its online platform, the company has wiped out almost every sort of paperwork associated with the insurance process and managed to offer its products to over 50 million customers across the country. Acko General Insurance holds a host of retail products which include motor insurance, health insurance, travel insurance and mobile insurance. The extensive range of products helps the company to serve more people around the country.

Acko General Insurance Company Statistics

Acko General Insurance Company has grown from a small team of 6 people at the start and now has reached a staff of more than 400 professionals now. Since its establishment, Acko General Insurance has built its association with major tech firms such as Amazon, OYO and Ola, and is recognised for its innovative products of insurance. The general company is backed by companies like Amazon, Accel, SAIF Partners, Catamaran Ventures, Swiss Re Transamerica Ventures and some seasoned investors. The company has also acquired the latest funding from investors like Binny Bansal, RPS ventures and Intact ventures. Apart from these achievements, the firm has earned some more remarkable figures too, which are as follow:

Claim Settlement Ratio


Network Garages


Network Hospitals


Acko General Insurance Company Financials

Acko General Insurance has rapidly scaled up its operational capabilities by issuing 9,60,750 policies in the financial year 2019-20 in comparison to issuing 2,23,121 policies in financial year 2018-19. The company has seen a surge in the number of claims in comparison to the previous financial year. The company reported a total of 1,95,695 claims during financial year 2019-20 while it registered a total of 24,831 claims in the financial year 2018-19 resulting in 688% increase in claims across all product lines of insurance businesses. The authorized capital of the company has increased to Rs. 1,000 crore and the paid-up capital of the firm stood at Rs. 546 crore as on 31 March 2020.

Why Should You Choose Acko General Insurance Company Plans?

Acko General Insurance Company owns a host of great features that provide utmost benefit to its policyholder while using its insurance policies. Below are some significant offerings of the company, which makes the plans of Acko Insurance more beneficial:

  1. Affordable Premium Rates – Acko General Insurance offers insurance plans that fit the pockets of its policyholders. The general insurance company designed the insurance covers which are cost-efficient and could be utilized by the people of all the strata of society.
  2. Zero Paperwork Process – The company provides digital, simple and smooth insurance processes from buying to claim and from renewal to customer assistance. The online system of the firm allows its customers to access all its services by making just a few clicks online.
  3. Easy Claim Settlement – The general insurance company strives to make the insurance claim settlement process absolutely stress-free for its policyholders. The customers can file their claim through a call or online system to get swift and simple cashless claim settlements.
  4. Online Renewal of Plan – The firm has got the feature to make its customers renew their insurance plans online. The policyholders just need to enter their mobile numbers on which they will get an OTP to login after which they can renew their policies and pay for it.
  5. Trusted Insurance Brand – Acko General Insurance is licenced by the IRDAI and has served over 4.5 crore policyholders across the nation. It is a trusted insurance brand in the market that is validated by 95% of 5 star ratings for the company on Facebook and Google.

Awards and Achievements of Acko General Insurance Company Limited

With a diverse range of products and constant performance, the Acko General Insurance Company has been praised at different platforms. Here are some awards and recognitions of the firm:

  • Golden Peacock Innovative Product Award
  • The Entrepreneur 2019 Startup of the year - Fintech Award

Acko General Insurance Product Portfolio

Acko Motor Insurance Policy

Acko General Insurance Company offers motor insurance policies designed for private cars, two-wheelers and commercial vehicles. The company provides three types of insurance plans such as third party insurance cover, standalone own-damage insurance plan and comprehensive insurance policy. These policies compensate your financial liabilities towards a third party for their injuries, death and property damage. In addition to this, the motor insurance plan also cover any loss or damage incurred by your vehicle due to accidents, thefts, manmade disasters like riots, terrorism, etc., and natural calamities like lightening, cyclone, flood and so on.

Acko Health Insurance Policy

Acko Health Insurance Plans are framed to offer financial support to policyholders in the time of medical emergency. These insurance covers shields the policyholder from financial expense of hospitalisation which might arise due to an accident, illness or planned hospitalisation. The insurance policies of the company are designed to cover policyholders as well as their families with cashless hospitalisation facilities or by offering reimbursement of any medical expenses incurred during the policy period. The company holds a network of hospitals where policyholders can avail cashless treatment and reimbursement for the treatment in non-network hospitals. The health insurance covers come with tax exemptions under Section 80D of the Income Tax Act, 1961.

Acko Travel Insurance Policy

The travel insurance plan is built on the quote which reads that hope for the best and prepare for the worst. The same concept goes with travel insurance, where being on a trip you need to be prepared for different sorts of adverse events that can take place. The Acko Travel Insurance Policy is designed to cover the expenses arising due to a number of unforeseen incidents like emergency hospitalization, lost baggage, loss of documents, trip cancellation and so on. Under the travel insurance segment, the general insurance company offers Group Domestic Travel Insurance Policy and Group Travel Insurance Policy.

Acko Asset Protect Insurance Policy

The general insurance company offers Acko Asset Protect Insurance Plan to secure your equipment like mobile phones, television sets, tablet computers, laptops, or similar categories of devices or similar kinds of equipment by covering their damage or loss expenses incurred in case of being stolen, damaged, breakdown and so on.

Acko Commercial Insurance Policy

Acko General Insurance provides commercial insurance policy for its Standard Fire and Special Perils Insurance Cover. Under this insurance policy, the policyholders can insure their properties to get them covered from being destroyed or damaged by fire or any perils. With this insurance cover, the insurance company promises to pay off the value of the property at the time of destruction or the damage amount or reinstate or replace that property. The coverage is offered for the damages incurred due to fire, lightning, explosion, riot, aircraft damage, strike, storm, landslide, cyclone, flood, missile testing operations, bush fires, overflowing of water tanks or pipes, etc.

Acko General Insurance Distribution Network

Acko General Insurance Company works with 400+ employees who deliver its products and services for different locations of the nation. The company holds a network of more than 2,000 garages to offer cashless repair services to the vehicles and above 5,000 hospitals to provide cashless medical treatment.

Acko General Insurance User Reviews

What users are saying
  • Most Helpful
  • All
  • Comprehensive
  • Zero Depreciation
  • Third Party
  • Own Damage
  • Renewal
  • Cashless Garages
  • Price
  • Premium
  • Policy Download
  • Customer Care
  • Claim
  • Add On

Contact Details

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Acko General Insurance FAQs

  • For how many categories does Acko General Insurance offer insurance policies?

    Acko General Insurance offers insurance coverage for different categories like Motor Insurance, Health Insurance, Travel Insurance, Commercial Insurance and Asset Protect Insurance.

  • What is the Claim Settlement Ratio (CSR) of the Acko General Insurance Company?

    Acko General Insurance Company attains the Claim Settlement Ratio (CSR) of 74.37% for the financial year 2018-19.

  • Can I avail cashless facility with Acko General Insurance Plan?

    Yes, Acko General Insurance provides cashless claim settlement facilities for car insurance plans, bike insurance plans and health insurance plans at the company’s network garages and hospitals.

  • Is Acko General Insurance Company has got the license from IRDAI?

    Yes, the Insurance Regulatory and Development Authority of India (IRDAI) has given license and certification to Acko General Insurance Company with the registration number 157. It makes it a verified insurance firm that can sell insurance products and services in India.

  • How can I connect with Acko General Insurance Company?

    You can contact Acko General Insurance Company by calling at 1800-266-2256 or by mailing at