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Acko Life Flexi Term
Acko Life Insurance Flexi Term Plan offers flexible life cover with customizable payout options. You can adjust the sum assured and benefits as your n...
Unique Features
- Will Creation Services
- Flexi Benefit
- Optional Riders
Acko Term Insurance
Acko Term Insurance
Acko Insurance is a private sector general insurance company in India. Founded in November 2016, the company received ...Read More
99.70%
Claim settlement ratio
₹64.05 crore
Annual Premium
1
Active plans
1.96x
Solvency ratio
🛡️ IRDAI Approved
⭐ 5.0/5 · 62 reviews
✅ 99.70% claim settlement ratio
📊 1.96x solvency ratio
🌐 200 pan-India
What you get with Acko Term Insurance
The headline features and policy mechanics, at a glance.
Annual Premium ₹64.05 crore
Affordable premium options starting from entry-level to comprehensive whole-life protection.
99.70% claim settlement ratio
Industry-leading approval rate on eligible term insurance claims in the most recent fiscal year.
1.96x solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
1 active term plans
Choose from level cover, increasing cover, and return-of-premium variants.
3+ optional riders
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
200 pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
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 a reliable way to secure your family's financial future in case of your unfortunate demise during the policy tenure. The premiums of Acko term insurance start at just ₹18 per day.
Key Benefits of Acko Term Insurance:
- 99.70% Claim Settlement Ratio
- Simple claim settlement process
- Simplified policy documents
- Flexible premium payment options
- Choice of policy tenure
- Affordable premiums
- Choice of sum assured
- Optional riders available
Types of Acko Term Insurance Plans
Every plan currently being sold by Acko Term Insurance, shown side-by-side so you can shortlist quickly.
Riders You Can Avail With Acko Term Insurance Plans
Enhance your term plan with optional add-on riders for broader protection.
Acko Accidental Death Benefit Rider
Offers additional benefits if the policyholder's death occurs due to an accident.
ACKO Life Accidental Total Permanent Disability Benefit Rider
This rider provides the rider sum assured if the policyholder becomes partially or totally disabled due to an accident.
ACKO Life Critical Illness Benefit Rider
If the policyholder is diagnosed with any critical illness listed in the brochure, rider benefits are paid.
Benefits of Acko Term Insurance
Acko Term Insurance is one of the most trustworthy and reliable insurer partners. Here are the reasons why you should choose Acko Term Insurance Plans:
01
Cost-Effective Plans
Acko term insurance plans are cost-effective due to the absence of middlemen.
02
High Claim Settlement Ratio
Acko Term Insurance boasts a high claim settlement ratio of 99.70%, demonstrating its commitment to settling claims efficiently.
03
Transparent Process
You can review every feature of the policy, understand its details, and decide accordingly without unnecessary pressure.
04
Quick Policy Issuance
The policy issuance process for Acko term insurance is very fast, allowing you to get your policy instantly.
05
Responsive Customer Support
Acko offers instant customer support for any assistance required.
Documents required
For policy purchase and claim submission. Have these ready before you start.
- Photo ID Proof Passport, Aadhaar card, PAN card, or Driving license.
- Age Proof Passport, Aadhaar card, PAN card, or Driving license.
- Address Proof Utility bill, passport, voter ID, or ration card.
- Medical Records If requested by the insurer.
- Income Proof Bank statement or last three months' salary slips (for salaried individuals).
Eligibility Criteria for Acko Term Insurance Plans
To purchase an Acko term insurance plan, certain eligibility criteria must be met. Let's understand the eligibility criteria in detail:
Age: Individuals between 18 and 65 years of age are eligible to apply for a term life insurance plan. The policyholder's age is a key factor in determining the term insurance plan's premium.
Health Condition: As an Acko term insurance plan insures the policyholder's life, most insurance providers require a health examination to determine the current health condition and inherent risks for the insurer. Honesty about your health condition and medical history is crucial to avoid issues during claim settlement.
Income: While there is no specified minimum income requirement for an Acko term insurance plan, you might be asked for bank statement copies and salary slips to determine the appropriate coverage.
Smoking Habits: If you smoke or have been a smoker, you must disclose this information to the insurer, as smokers are exposed to severe health hazards like lung cancer.
Citizenship: Indian citizens can purchase an Acko term insurance plan in India. Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can also avail 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 policyholders. Here are some of them:
Death Benefit
Acko term insurance plans offer a death benefit in case of the policyholder's unfortunate demise during the policy tenure.
Transparency
Buying term insurance online from Acko ensures transparency, with all policy details and terms clearly displayed on their website. Expect no hidden charges or confusing jargon—just straightforward information.
Flexible Premium Payment Options
Acko term plans offer flexible premium payment options, including monthly, quarterly, half-yearly, and yearly.
Peace of Mind
Buying an Acko term plan offers peace of mind, ensuring your family's financial safety even in your absence.
Tax Benefits
Acko term insurance plans offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
How to Buy a Acko Term Insurance Plan?
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
- Visit the PolicyX.com website or the Acko Term Insurance official website to compare and choose a suitable term plan.
- Enter your personal details such as name, date of birth, gender, annual income, and smoking status to get a customised quote.
- Compare plan options — choose your sum assured, policy term, premium payment term, and any optional riders.
- Fill in the proposal form with your contact details, nominee information, and medical history accurately.
- Upload the required documents: identity proof, address proof, income proof, and recent photographs.
- Pay the first premium online via net banking, UPI, debit/credit card, or cheque.
- Complete the medical examination if required (depends on your age and sum assured).
- Receive your policy document via email and registered post after underwriting approval.
The claim settlement process for Acko Term Insurance is simple and hassle-free. The insurance provider offers options for settling a claim both online and offline. Below is the process to easily submit and settle your claim:
- Report your Acko term insurance claim by visiting the 'Claim' section of the Acko website or by calling 1800-210-1992.
- Acko Life's customer support team will review your claim form, assist you, and notify you of any pending documents.
- Your claim will be resolved once the insurance company has been informed and all necessary documents have been received.
- Acko term plan claims can be reported by visiting a local branch office. You must submit the essential documents at the branch for processing.
- Log in to the Acko Term Insurance customer portal or the PolicyX.com dashboard before your policy renewal date.
- Review your existing policy details — coverage, premium amount, and nominee information.
- Choose to continue with the same plan or upgrade your sum assured if eligible.
- Pay the renewal premium online via net banking, UPI, debit/credit card, or cheque.
- Download the renewed policy document from your registered email or the insurer portal.
- Visit the official website of Acko Life Insurance.
- Click on 'Buy Term Plan' on the navigation bar and select 'Term Insurance Plans'.
- Click on the 'Buy Now' button and fill in the required details.
- Tap on 'Next' and select a plan as per your requirements.
- Select the cover option you want and proceed to make your payment.
- You can also 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 SinghI 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 VarshneyI'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 MaryI 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 ShahPolicyX 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 RathodI 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 MahajanFrequently asked questions
The 5 most-asked questions about Acko Term Insurance, answered.
Acko Term Insurance is a financial plan that offers financial coverage to your loved ones in your absence.
The minimum entry age of Acko term insurance is 18 years.
The maximum maturity age of Acko term insurance plan is 85 years.
Yes, Acko term insurance offers critical illness rider.
Acko offers instant claim settlement to their customers.
Customer satisfaction
Aggregate ratings from 62 verified PolicyX customers who bought a Acko Term Insurance plan.
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Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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