Aviva Term vs Acko Term Insurance Term Insurance 2026 | PolicyX
COMPANY DETAILS ✎ Edit

Aviva Term

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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

99.70%%
Solvency Ratio

Solvency Ratio

1.93

Solvency Ratio

1.96
Pan India Presence

Pan India Presence

122+

Pan India Presence

200
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
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

Not available
Average claim settlement time

Average claim settlement time

5 working days

Average claim settlement time

15 days
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Term Insurance Plans of Aviva Life Insurance

Term Insurance Plans of Aviva Life Insurance

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Term Insurance Articles

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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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