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

Lic 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)

₹ 848.92 crores

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

98.15%%

Payout Options

99.70%%
Solvency Ratio

Solvency Ratio

2.11

Solvency Ratio

1.96
Pan India Presence

Pan India Presence

2048

Pan India Presence

200
Riders Available

Riders Available

Accidental Death and Disability Benefit, Critical Illness, Premium Waiver Benefit

Riders Available

Accidental Death Benefit, Accidental Total & Permanent Disability, Critical Illness Benefit
Inception year

Inception year

1956

Inception year

2016
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.005

Complaint ratio per ₹1 crore of premium collected

Not available
Average claim settlement time

Average claim settlement time

7-15 working days

Average claim settlement time

15 days
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Types of LIC Term Insurance Plans

Every plan currently being sold by LIC Term Insurance, shown side-by-side so you can shortlist quickly.

LIC Tech Term Plan

The LIC Tech Term plan is an online, pure risk term insurance offering financial protection for families, with options for flexibl... Read More

Unique Features

  • Online Application
  • Rebate on High Sum Assured
  • Lower Premium for Women
Sum AssuredEntry age - 18 years
Entry AgeMax entry age - 65 years
View plan

Types of Acko Term Insurance Plans

Every plan currently being sold by Acko Term Insurance, shown side-by-side so you can shortlist quickly.

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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