Acko General Insurance

Key Features

Claim Settlement Ratio 95.50%

Renewability 100%

Claim Settlement Facility 100%

COVID-19 Cover Yes

Network Hospitals 7100

Incurred Claim Ratio 24%

About ACKO general insurance

Acko general insurance company is a private sector insurance company founded in the year 2016. The company received the general insurance license from the Insurance regulatory and development authority of India in 2016 and commenced the operations in the same year. Acko general insurance is the first digital insurer in India with focus on online sales and all the operations of the company are done through the digital platform. The company is headquartered in Mumbai and has a considerable online presence.

Acko health insurance plans:

  • The minimum entry age under the Acko health insurance plan is 91 days and there is no maximum entry age under the plan. The maximum entry age for Critical illness & Personal accident benefits is 65 years under the plan.
  • The health insurance policy can be purchased for 1 year/ 2 years/ 3 years.
  • The minimum and maximum sum insured available under the Acko health insurance plan is Rs.3 Lakhs and Rs.10 Crore.

Benefits of Acko health insurance

Waiting period is the time the insured has to wait before making a claim under the health insurance policy for certain illnesses or diseases. There are different types of waiting periods under a health insurance policy such as pre-existing waiting period, specific illness waiting period, initial waiting period, maternity waiting period etc. Acko health insurance covers the medical expenses incurred due to an existing disease from day 1 without any waiting period. This facility is available under the Rs.1 Crore sum insured plan and the condition is that the insured must declare the pre-existing conditions in the proposal form at the time of purchasing the policy.

Key Statistics

  • Acko has a claim settlement ratio of 95% for FY 19-20.
  • More than 7.5 Crore customers have been insured with Acko

Tax Benefits

Acko health insurance policies offer tax benefits under the Section 80D of the income tax act.


Acko general insurance policy can be downloaded from the website of the company or the same can be downloaded from here. Acko general insurance reviews are good in the social media and on the playstore, acko insurance app has been rated 4.7/5 on the google play store.