Acko Term Insurance

Acko Insurance is a private sector general insurance company in India. Founded i ...Read More

Happy Customers

No Spam, No Gimmicks

Genuine, honest, and hassle-free

Buy Policy in just 2 mins

Personalised Insurance Advice

Advice that fits your life

Easy and Efficient

24*7 Claim Assistance

24/7 hassle-free claim support

Google Ratings (2500+)

11+ Years

IRDAI Approved

5M+

Quotes Generated

100K+

Happy Customers

PolicyX is one of India's leading digital insurance platform

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

GENDER

Google Ratings (2500+)

11+ Years

IRDAI Approved

5M+

Quotes Generated

100K+

Happy Customers

PolicyX is one of India's leading digital insurance platform

PolicyX Exclusive Benefits

No Spam

No Spam
No Gimmicks

Advice

Personalised
Insurance Advice

Support

24×7
Claim Assistance

Himanshu Kumar
Written By:
Himanshu

Himanshu Kumar

Term & Life Insurance

Himanshu is a content marketer with 2 years of experience in the life insurance sector. His motto is to make life insurance topics simple and easy to understand yet one level deeper for our readers.

 |
Reviewed By:
Apeksha Parsai

Apeksha Parsai

Term & Health Insurance

Apeksha Parsai has trained young minds about the benefits of health & term insurance throughout her 8+ years career. She designs, develops, and delivers impactful training programs for agents/brokers, and internal teams. Her expertise lies in insurance product knowledge, sales strategies, regulatory compliance, and customer service.

Updated on Aug 25, 2025 8 min read

Acko Term Insurance: Overview

Acko Insurance is a private sector general insurance company in India. Founded in November 2016, the company received its license from the Insurance Regulatory and Development Authority of India in September 2017. Acko term insurance is the best way to secure your family's financial future in case of your uncertain death during the policy tenure. The premiums of Acko term insurance starts at just Rs 18 per day.

What are some of the
Benefits
that set them apart?

  • 99.38% claim-settlement ratio

  • Super simple claim settlement process

  • Simplified insurance documents

  • Flexible premium payment options

  • Choice of policy tenure 

  • Affordable premiums

  • Choice of sum assured 

  • Additional riders to choose from

  1. Solvency Ratio
    2.2
  2. Claim Settlement Ratio
    99.38%
  3. Annual Premium
    ₹1,587 crore

Acko Term Insurance Plans

Acko Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by Acko Term Insurance.

Plan Entry Age Tenure Min. Sum Assured Unique Features
Acko Life Flexi Term Plan Plan Minimum Age - 18 years Maximum Age - 70 years Yearly, half-yearly, quarterly, and monthly Flexible sum assured
  • Will Creation Services
  • Flexi Benefit
  • Optional Riders

Overview of Acko Term Insurance Plans

Here is a quick overview of the Acko Term Insurance Plans listed in the above table.

Acko Life Flexi Term Plan Plan

Acko Flexi Term Plan is the best term insurance plan that offers financial protection to your loved ones in case of your uncertain death during the policy term.

Here are the key features of the above plan
  • Choice of Plan Variant
  • Cover Continuance Benefit
  • Special Exit Value
  • Option to Choose Whole Life Cover
  • Inbuilt Terminal Illness Cover

Explore other Acko Term Insurance

Acko Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Acko Term Insurance plans. Below is the list of term plans offered by Acko Term.

Acko Life Flexi Term Plan

Acko Life Flexi Term Plan

Flexi Term Plan by Acko Life Insurance is a flexible term insurance plan that offers financial benefits to your family in case of your uncertain death...

Unique Features

  • Will Creation Services
  • Flexi Benefit
  • Optional Riders

Acko Life Flexi Term Plan (Pros)

Acko Life Flexi Term Plan

Acko Life Flexi Term Plan (Cons)

Acko Life Flexi Term Plan

Acko Life Flexi Term Plan (Other Benefits)

Acko Life Flexi Term Plan

Acko Life Flexi Term Plan (Eligibility Criteria)

Acko Life Flexi Term Plan

Riders You Can Avail With Acko Term Insurance Plans

You can avail of the following riders with your Acko term insurance plans.

Name of the rider Benefits
Acko Accidental Death Benefit Rider Offers additional benefits in case of the policyholder’s death due to an accident.
ACKO Life Accidental Total Permanent Disability Benefit Rider This rider offers the rider sum assured in case the policyholder becomes partially or totally disabled due to an accident.
ACKO Life Critical Illness Benefit Rider In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.

Benefits of Acko Term Insurance

Acko Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose Acko Term Insurance Plans:

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Eligibility Criteria of Acko Term Insurance Plans

To purchase an Acko term insurance plan in 2025, certain eligibility criteria must be met. Let's understand the eligibility criteria in detail.

Age: A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in the term insurance plan’s premium. 

Health condition: Since an Acko term insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine the current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement. 

Income: An Acko term insurance plan has no specified minimum income requirement. However, they might ask you for your bank statement copies and salary slips to determine the coverage on your term plan. 

Smoking habits: If you smoke or have been a smoker in the past, you must disclose this information to the insurer. It is because smokers are exposed to severe health hazards like lung cancer.

Citizenship: Indian citizens can buy an Acko term insurance plan in India in their name. However, NRIs or PIOs can also leverage the benefits of a term insurance plan in India.

Additional Benefits Offered By Acko Term Insurance Plans

Acko Term Insurance Plans offer various additional benefits to the policyholders. Here are some of the additional benefits offered by Acko term plans:

Death Benefits 

Acko term insurance plan offers death benefits in case of the policyholder 's uncertain death during the policy tenure.

Transparency

Buying term insurance online from ACKO will show all the details and terms of the policy on our website. No hidden charges or confusing jargon-just straightforward information.

Flexible Premium Payment Term

Acko term plans offers flexible premium payment terms including monthly, quarterly, half-yearly, and yearly.

Peace of Mind

Buying an Acko term plan offers peace of mind as you are ensure your family is financially safe even in your absence.

Tax Benefits

Acko term insurance plans offer tax benefits under the Section 80 (C) and Section 10 (10D) of the Income Tax Act, 1961.

Documents Required to Buy Acko Term Insurance Policy

Here are the documents required to buy a Acko Term Insurance Plan:

  • Regular Smoking
    Photo ID Proof
  • Your Occupation
    Age Proof
  • Pre-Existing Diseases
    Address Proof
  • Your Age
    Medical Records
  • Your Gender
    Income Proof
Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.

How to Buy a Acko Term Insurance Plan?

You can buy the Acko Term Insurance policy from Policyx.com or the Acko Term Insurance website.

Life Insurance
  • Step 1

    Fill out the form given at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to make the payment.

Life Insurance
  • Step 1

    Visit the official website of Acko Life Insurance.

  • Step 2

    Click on ‘Buy Term Plan' on the navigation bar and select ‘Term Insurance Plans'.

  • Step 3

    Click on the ‘Buy Now' button and fill in the required details.

  • Step 4

    Tap on 'Next' and select a plan as per your requirements.

  • Step 5

    Select the cover option you want and make your payment.

You can use the PolicyX Term Insurance Calculator to get your premium amount.

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

How to File a Acko Term Insurance Plan Claim?

The claim settlement process for the Acko Term Insurance Plan is very simple and hassle-free. The insurance provider gives you the option of settling a claim both online and offline. We have explained below the process by which you can easily submit & settle your claim:

Online Process

Your Occupation
1

Claim Reporting

Report your Acko term insurance plan claim by visiting the Claim section of the Acko website. You can send your details through 1800-210-1992.

Your Occupation
2

Claim Review

Acko Life's customer support staff will review your claim form and will assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.

Your Occupation
3

Claim Approval and Settlement

Your claim will be resolved once you have informed the insurance company of your claim and the insurer has received all of the necessary documents.

Offline Process

The Acko term plan claim can be reported by visiting the local banch office. You have to submit the essential documents at the branch so that your claim can be processed.

Your Occupation
Life Insurance

More Queries?

If you have any more queries regarding Acko Term Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

FAQs: Acko Term Insurance

1. What is Acko Term Insurance?

Acko Term Insurance is a financial plan that offers financial coverage to your loved ones in your absence.

2. What is the minimum entry age for Acko Term Insurance?

The minimum entry age of Acko term insurance is 18 years.

3. What is the maximum maturity age under Acko Term Insurance?

The maximum maturity age of Acko term insurance plan is 85 years.

4. Does Acko Term Insurance offer critical illness riders?

Yes, Acko term insurance offers critical illness rider.

5. How long does Acko take to settle claims?

Acko offers instant claim settlement to their customers.

Other Term Insurance Companies

  • Term Insurance
  • Life Insurance

LIC Term Insurance

HDFC Term Insurance

ICICI Term Insurance

SBI Life Term Insurance

Max Life Term Insurance

TATA AIA Term Insurance

PNB Metlife Term Insurance

Bajaj Allianz Term Insurance

Bandhan Life Term Insurance

Kotak Life Term Insurance

Canara HSBC OBC Term Insurance

Bharti AXA Term Insurance

Aviva Term Insurance

Indiafirst Term Insurance

Exide Life Term Insurance

Edelweiss Tokio Term Life Insurance

Ageas Federal Term Insurance

Future Generali Term Insurance

Birla Sun Life Term Insurance

Reliance Term Insurance

Pramerica Term Insurance

Term Insurance Companies

Share your Valuable Feedback

Rating Icon

5

Rated by 9 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings
Himanshu Kumar

Written By: Himanshu Kumar

Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.

You May Also Know About

Term Insurance Best Term Insurance Plans Best Term Insurance Companies Term Insurance Calculator 1 Crore Term Insurance