>Lord Johnson24 at 03:11, 14 May 2021

2021-05-14T03:11:25Z

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{{short description|Insurance company in India}}
{{Use dmy dates|date=October 2018}}

{{Infobox company
| name = Acko General Insurance
| trading_name =
| logo = Official_logo_of_Acko.png
| logo_caption =
| type =
| traded_as =
| founded = 2016
| area_served = [[India]]
| key_people = Varun Dua
| industry = [[Insurance]]
| products =
| services =
| revenue =
| net_income =
| assets =
| equity =
| num_employees =
| parent = Acko Technology and Services Private Limited
| divisions =
| subsid =
| website = {{URL|https://www.acko.com/|acko.com}}
| location = [[Mumbai]], [[Maharashtra]], [[India]]
}}
'''Acko General Insurance''' is a private sector general insurance company in [[India]].<ref>{{cite web |last1=Thomas |first1=Anu |title=Why investors gave Varun Dua $30 million even before he launched his startup |url=https://economictimes.indiatimes.com/small-biz/startups/why-investors-gave-varun-dua-30-million-even-before-he-launched-his-startup-acko/articleshow/60386415.cms |website=The Economic Times |date=6 September 2017}}</ref> Founded in November 2016, the company received its license from the [[Insurance Regulatory and Development Authority|Insurance Regulatory and Development Authority of India]] (IRDAI) in September 2017.<ref>{{cite web |title=Non-life Insurers |url=https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo264&mid=3.2.10 |website=www.irdai.gov.in}}</ref><ref>{{cite web |last1=Sinha |first1=Shilpy |title=Acko gets final Irda license; to start operations by December |url=https://economictimes.indiatimes.com/industry/banking/finance/insure/acko-gets-final-irda-license-to-start-operations-by-december/articleshow/60780635.cms |website=The Economic Times |date=21 September 2017}}</ref> Acko follows an online-led model and hence all operations for the company are offered through the digital platform.<ref>{{cite web |title=Online Insurance firms like Acko, Digit aims to disrupt sector with innovative policies - ETtech |url=https://tech.economictimes.indiatimes.com/news/startups/online-insurance-firms-like-acko-digit-aims-to-disrupt-sector-with-innovative-polices/64757426 |website=ETtech.com |language=en}}</ref><ref>{{cite web |title=Acko General Insurance named top firm on LinkedIn's Top Startups List 2018 |url=https://www.business-standard.com/article/news-ani/acko-named-top-company-on-linkedin-s-annual-top-startups-list-118091900252_1.html |website=Business Standard India |date=19 September 2018}}</ref>

==History==
Acko General Insurance was founded by Varun Dua, who serves as the Chief Executive Officer.<ref>{{cite web |title=Board Of Directors - Acko Insurance |url=https://www.acko.com/board-of-directors/ |website=Acko Insurance}}</ref> As of 2018, Acko has raised [[Indian rupee|₹]]274 [[crore]] ($42 million) in funding from investors such as [[Amazon (company)|Amazon]], [[Accel (venture capital firm)|Accel Partners]], SAIF Partners, Catamaran Ventures.<ref>{{cite web |title=Deal Street: Amazon Backs Digital Insurance Startup Acko |url=https://www.bloombergquint.com/technology/2018/06/04/deal-street-amazon-backs-digital-insurance-startup-acko |website=BloombergQuint}}</ref><ref>{{cite web |title=Acko General Insurance to develop products for Amazon, in talks with e-commerce giant for investment |url=https://www.moneycontrol.com/news/business/economy/acko-general-insurance-to-develop-products-for-amazon-in-talks-with-e-commerce-giant-for-investment-2490103.html |website=Moneycontrol}}</ref> The retail products offered by Acko General Insurance include motor insurance,<ref>{{cite web |title=Online insurer Acko General promises 3-day claim guarantee |url=https://www.thehindubusinessline.com/money-and-banking/online-insurer-acko-general-promises-3-day-claim-guarantee/article25009625.ece |website=@businessline |language=en}}</ref> in-trip domestic insurance <ref>{{cite web |title=Ola, Acko partner to create in-trip insurance program |url=https://www.business-standard.com/article/news-ani/ola-acko-partner-to-create-in-trip-insurance-program-118040501232_1.html |website=Business Standard India |date=5 April 2018}}</ref><ref>{{cite web |title=Ola partners Acko to launch in-trip insurance program - ETtech |url=https://tech.economictimes.indiatimes.com/news/mobile/ola-partners-acko-to-launch-in-trip-insurance-program/63629804 |website=ETtech.com |language=en}}</ref> and mobile insurance.

===Partnerships===
* Acko General Insurance partnered with [[Ola Cabs|Ola cabs]] and launched an in-trip insurance program in more than 110 cities in [[India]].<ref>{{cite web |title=Ola partners with ICICI Lombard, Acko to offer in-trip insurance to riders |url=https://www.livemint.com/Companies/pz6dYUsE1gSiDWxbTkhcKL/Ola-partners-with-ICICI-Lombard-Acko-to-offer-intrip-insur.html |website=www.livemint.com |date=5 April 2018}}</ref><ref>{{cite web |last1=Saleem |first1=Shaikh Zoaib |title=Ola cab users can now insure their rides for as low as Re1 |url=https://www.livemint.com/Money/q7yL41VCmOlJO5383JgU1L/Ola-cab-users-can-now-insure-their-rides-for-as-low-as-Re1.html |website=www.livemint.com |date=16 April 2018}}</ref>
* Acko General Insurance partnered with Amazon India to provide mobile insurance plans on the retailer's website.<ref>{{cite web |title=Amazon India announces special offers for the Great Indian Festival |url=https://www.apnnews.com/amazon-india-announces-special-offers-for-the-great-indian-festival/}}</ref>
*Acko General Insurance partnered with [[HDB Financial Services]] and offer HDBFS customers insurance covers at no additional cost with EMI cards.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/acko-partners-with-hdb-financial-services/articleshow/74322127.cms|title=Acko partners with HDB Financial Services|date=2020-02-26|work=The Economic Times|access-date=2020-02-28}}</ref>
* In July 2020, [[Amazon Pay]] partnered with Acko to provide its customers auto insurance policy.<ref>{{cite news |last1=Bhalla |first1=Tarush |title=Amazon Pay joins hands with Acko to offer auto insurance |url=https://www.livemint.com/companies/news/amazon-pay-ventures-into-insurance-in-india-11595427759424.html |work=[[Mint (newspaper)|Mint]] |date=22 July 2020 |language=en}}</ref><ref>{{cite news |title=Cover story: Why Acko General Insurance refuses to follow the herd |url=https://www.moneycontrol.com/news/business/companies/cover-story-why-acko-general-insurance-refuses-to-follow-the-herd-5608821.html |work=Moneycontrol}}</ref>

==References==
{{Reflist}}

==External links==
* {{Official website|http://www.acko.com}}

[[Category:Financial services companies established in 2016]]
[[Category:Online companies of India]]
[[Category:Privately held companies of India]]
[[Category:Online insurance companies]]
[[Category:Insurance companies of India]]

Acko General Insurance - Revision history

>Lord Johnson24 at 03:11, 14 May 2021