Idbi Federal vs Acko Term Insurance

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

Idbi Federal

Ageas Federal Life Insurance (AFLI) is one of India’s prominent life insurance companies that work towards offering best insurance solutions. They are a joint venture between Ageas and Federal Bank.

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 Ageas Federal Life Insurance

Idbi Federal

Edit Acko Term Insurance

Acko Term Insurance

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

2289 Cr

Annual Premiums Collected (2023-24)

587 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

96.06%

Payout Options

99.38%%
Solvency Ratio

Solvency Ratio

3.1

Solvency Ratio

2.2
Pan India Presence

Pan India Presence

3,200

Pan India Presence

-
Riders Available

Riders Available

Critical Shield Rider, Accident Care Rider

Riders Available

Accidental Death Benefit Rider, Accidental Total Permanent Disability Benefit Rider, Critical Illness Rider, Waiver of Premium Rider, Income Benefit Rider
Policy Term

Policy Term

10 to 75 years

Policy Term

1 to 40 years

Know More About Companies

Overview

Ageas Federal Term Insurance: Overview

Ageas Federal Term Insurance plans help you secure your family and offer financial security in case of your untimely demise. Ageas Federal Life Insurance offers 4 term insurance plans to suit your different needs: Termsurance Life Protection, Income Protect, Saral Jeevan Bima, and iSecure Plan. The Ageas Federal term plan offers key features such as the return of premium, income options in case of death, additional discounts, and tax benefits (T&Cs apply). 

What are some of the
Benefits
that set them apart?

  • Get your money back,

  • Avail high sum assured discount,

  • Get life cover at affordable premiums,

  • Tax benefits under section 80C or 10 (10D),

  • Special premium rates for women,

  • Increased sum assured option,

  • Monthly income benefit,

  • Optional accidental death benefit, etc.

 

Riders

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.

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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

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
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.