Acko, a very popular name associated with insurance. In India, Acko Insurance is a general insurance provider in the private sector. The Insurance Regulatory and Development Authority of India (IRDAI) granted the company a license in September 2017 after it was founded in November 2016. Due to Acko’s online-led business strategy, all corporate operations are conducted via the digital platform.
Acko General Insurance Quick Overview
| Particular | Details |
| Company Name | Acko General Insurance Company Limited |
| Type | Private Sector General Insurance Company |
| Industry | Insurance (General / Non-life) |
| Founded | 2016 |
| Founder | Varun Dua |
| Headquarters | Bengaluru, Karnataka, India |
| MD & CEO | Varun Dua |
| Core Services | Motor, Health, Travel, Mobile & Other Insurance Products |
| Business Model | 100% Digital / Online-led Insurance Distribution |
| Area Served | India |
| Major Products | Car Insurance, Bike Insurance, Health Insurance, Travel Insurance, Mobile Insurance |
| Regulatory Authority | Insurance Regulatory and Development Authority of India (IRDAI) |
| Customer Base | Millions of digital customers |
| Notable Features | 100% paperless & digital processes |
| IRDAI License | Yes (General Insurance License) |
| Official Website | acko.com |
Net Worth and Market Cap
Acko, a modern insurance provider, posted a net loss of Rs 424 crore in FY25, a 57% decrease from Rs 667 crore in the previous year.
Corporate Leadership
ACKO General Insurance is a wholly digital general insurance firm with its headquarters located in Bengaluru, Karnataka, India. Varun Dua, the CEO of Acko General Insurance, started the company. Investors including Amazon, Accel Partners, SAIF Partners, and Catamaran Ventures have contributed ₹2.74 billion ($42 million) to Acko as of 2018.
Overview of Services
Motor insurance, health insurance, travel insurance, in-trip domestic insurance, and smartphone mobile insurance are among the retail goods that Acko General Insurance offers. Through its life insurance division, Acko Insurance also provides term life insurance.
Additionally, Acko offers a number of app-based value-added services, such as online used car appraisal tools, FASTag recharge, Ayushman Bharat Health Account (ABHA) ID creation, traffic challan checking and payment, and automobile servicing through Acko Drive service centers.
As part of the company’s growth into automobile services, Acko Drive was launched in 2019, first working with Bengaluru auto dealerships. Twelve Indian cities, including Delhi NCR, Mumbai, and Chennai, were using the platform by 2024.
Scale of Operations
The business offers a variety of general insurance products, such as embedded insurance solutions for major digital partners, health insurance, travel insurance, and auto insurance. Without depending on a conventional branch-based distribution approach, ACKO distributes its goods throughout India via partnerships and online channels. ACKO uses technology, data analytics, and automation to handle policy issuance, underwriting, and claims processing at scale for millions of clients across the country. It has become a well-known digital-first insurer in India over the years by quickly growing its clientele and partner network.
