Reliance Term vs Acko Term Insurance Term Insurance 2026

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Reliance Term

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Acko Term Insurance

Rating	Rating 4.6	Rating 5
Number of term insurance plans and add-ons	No. of Plans - ❯	No. of Plans 1 ❯
Annual Premiums Collected (2024-25)	Annual Premiums Collected (2024-25) ₹ 5710.68 Cr	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 98.9%%	Payout Options 99.70%%
Solvency Ratio	Solvency Ratio 2.35	Solvency Ratio 1.96
Pan India Presence	Pan India Presence 713+	Pan India Presence 200
Riders Available	Riders Available Major Surgical Benefit Rider, Critical Condition Rider, Family Income Benefit Rider, Accidental Disability Rider	Riders Available Accidental Death Benefit, Accidental Total & Permanent Disability, Critical Illness Benefit
Inception year	Inception year 2001	Inception year 2016
Complaint ratio per ₹1 crore of premium collected	Complaint ratio per ₹1 crore of premium collected 0.135	Complaint ratio per ₹1 crore of premium collected Not available
Average claim settlement time	Average claim settlement time 15 days	Average claim settlement time 15 days
Recommended Videos	Reliance Term Insurance Plans: Affordable Protection with High Claim Settlement Ratio

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Types of Acko Term Insurance Plans

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

Acko Life Flexi Term

The Acko Flexi Term Plan offers flexible life cover, allowing policyholders to adjust their sum assured and policy tenure as their... Read More

Unique Features

Will Creation Services
Flexi Benefit
Optional Riders

Sum AssuredEntry Age: 18 Years

Entry AgeMax Entry Age: 70 years

View plan

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Edelweiss Tokio Idbi Federal Pramerica Term Sud Life Birla Sun Life Aviva Term Bharti Axa Exide Term Future Generali Term Indiafirst

Edelweiss Tokio Idbi Federal Reliance Term Pramerica Term Sud Life Birla Sun Life Aviva Term Bharti Axa Exide Term Future Generali Term

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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Types of Acko Term Insurance Plans

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