Aviva Term vs Acko Term Insurance

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Aviva Term vs Acko Term Insurance

Aviva Term

Aviva India is a joint venture between Aviva Plc (UK based company) and Dabur Invest Corp (one of the popular business in India).

Acko Term Insurance

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

COMPANY DETAILS Edit Aviva Life Term Insurance

Aviva Term

 Edit Acko Term Insurance

Acko Term Insurance
Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

1306.77 crore

Annual Premiums Collected (2024-25)

₹64.05 crore
Payout Options

Payout Options

Lump sum, monthly or a combination of both

Payout Options

Lump-Sum Payment, Fixed Monthly Payout, Increasing Monthly Payout and Lump Sum + Monthly Income
Claim ratio

Payout Options

99%%

Payout Options

99.38%%
Solvency Ratio

Solvency Ratio

1.93

Solvency Ratio

1.96
Pan India Presence

Pan India Presence

122+

Pan India Presence

-
Riders Available

Riders Available

Accidental Death Benefit Rider, Critical Illness Rider, Waiver of Premium Rider, Cancer Cardio

Riders Available

Accidental Death Benefit, Accidental Total & Permanent Disability, Critical Illness Benefit
Policy Term

Policy Term

5 to 62 years (depen

Policy Term

5 to 40 years
Inception year

Inception year

2002

Inception year

2016
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.088

Complaint ratio per ₹1 crore of premium collected

-
Average claim settlement time

Average claim settlement time

5 working days

Average claim settlement time

15 days
IRDAI registration number

IRDAI registration number

122

IRDAI registration number

164
Awards and recognitions

Awards and recognitions

India’s Trusted Private Life Insurance Brand, 2025, Long Service Awards, Movers and Shakers & CEO Award

Awards and recognitions

FICCI "Most Innovative Insurer", Golden Peacock Awards for product innovation, and multiple Effie India Awards
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Term Insurance Plans of Aviva Life Insurance

Term Insurance Plans of Aviva Life Insurance

Know More About Companies

Overview

Aviva Term Insurance

Aviva India is a joint venture between Aviva Plc., a UK-based insurance group, and Dabur Invest Corp., one of India's oldest and most respected business houses. Aviva plc, founded in 1696, is among the world's oldest insurance companies in continuous existence. Aviva has the distinction of being one of the first insurance companies to set up business in India in 1834. Aviva Term Insurance has a customer base of over 34 million across the globe.

Aviva term plans can be easily purchased either from their website, a branch office, or an aggregator.

What are some of the
Benefits
that set them apart?

  • Accidental death benefit cover

  • Critical illness cover

  • Waiver of premium cover

  • Choice of policy tenure

  • Affordable Premiums

  • Tax benefits

Riders

Riders You Can Avail With Aviva Term Insurance Plans

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

Name of the Riders Benefits
Aviva Accidental Death Benefit Rider Accidental Death Benefits Rider by Aviva Term Insurance offers extra sum assured to the nominee of the policyholder, in case of death caused by any accident during the rider term.
Aviva Critical Illness Rider n Critical illness rider, sum assured will be given to policyholder in advance if he/she is diagnosed with any of the listed critical illness diseases such as cancer, Kidney failure, heart disease etc.
Aviva Waiver of Premium Rider In waiver of premium rider, the policyholder future premiums will be waived off in case of permanent disability of body caused by any reason. In waiver of premium rider the insurance companies will wait for 6 months to finalize the premium waiver. If the customer is still not able to work , the rider will be triggered.
Aviva Disability Income Riders In a disability income rider, the policy holder will get a regular income, if their body is disabled due to any of the reasons and is not able to work anymore. Disability income rider helps the policyholder to meet their present expenses in case of disability of the body.

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Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

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Acko Term Insurance

Explore India’s best-selling Term insurance plans below

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 Life Flexi Term

Acko Life Flexi Term

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 (Pros)

Acko Life Flexi Term

Acko Life Flexi Term (Cons)

Acko Life Flexi Term

Acko Life Flexi Term (Other Benefits)

Acko Life Flexi Term

Acko Life Flexi Term (Eligibility Criteria)

Acko Life Flexi Term

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

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