Eldarljt: adding new entry

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adding new entry

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{{short description|Insurance company in India}}
{{Use dmy dates|date=December 2025}}
{{Infobox company
| name = Acko Insurance
| trading_name =
| logo = Acko_logo_2025.svg
| logo_caption =
| traded_as =
| founded = 2016
| area_served = India
| key_people = Varun Dua
| industry = [[Insurance]]
| products = [[Motor insurance]] [[Health insurance]] [[Travel insurance]] [[Term life insurance]] [[In-trip domestic insurance]] [[Mobile insurance]]

| services = [[Traffic challan check & payment]] [[FASTag recharge]] [[ABHA ID creation]] [[Car servicing]] [[Car valuation]]
| 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 = [[Bengaluru]], Karnataka, India
}}

'''Acko 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 |access-date=29 October 2018 |archive-date=30 October 2018 |archive-url=https://web.archive.org/web/20181030035727/https://economictimes.indiatimes.com/small-biz/startups/why-investors-gave-varun-dua-30-million-even-before-he-launched-his-startup-acko/articleshow/60386415.cms |url-status=live }}</ref><ref>{{Cite news |last=Bhakta |first=Pratik |date=11 July 2023 |title=Acko gears up to disrupt the life insurance space |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/technology/acko-gears-up-to-disrupt-the-life-insurance-space/articleshow/101617964.cms?from=mdr |access-date=21 August 2023 |issn=0013-0389}}</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=irdai.gov.in }}{{Dead link|date=August 2025 |bot=InternetArchiveBot |fix-attempted=yes }}</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 news |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 |newspaper=The Economic Times |date=27 June 2018 |language=en |last1=Bhakta |first1=Pratik }}</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, is the chief executive officer.<ref>{{cite web |title=Board Of Directors - Acko Insurance |url=https://www.acko.com/board-of-directors/ |website=Acko Insurance |access-date=29 October 2018 |archive-date=30 October 2018 |archive-url=https://web.archive.org/web/20181030035457/https://www.acko.com/board-of-directors/ |url-status=live }}</ref> As of 2018, Acko has raised [[Indian rupee|₹]]2.74 billion ($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 |date=4 June 2018 |access-date=29 October 2018 |archive-date=30 October 2018 |archive-url=https://web.archive.org/web/20181030035645/https://www.bloombergquint.com/technology/2018/06/04/deal-street-amazon-backs-digital-insurance-startup-acko |url-status=live }}</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, health insurance, travel insurance, in-trip domestic insurance and mobile insurance for smartphones. Acko Insurance also offers term life insurance through its life insurance subsidiary.<ref name="GoogleCloud">{{cite web |title=Acko Case Study |url=https://cloud.google.com/customers/acko |access-date=26 November 2025 |website=Google Cloud}}</ref><ref name="LifeET">{{cite news |date=3 June 2025 |title=New-age life insurers tap group business opportunity in their first year of ops |url=https://economictimes.indiatimes.com/tech/technology/new-age-life-insurers-tap-group-business-opportunity-in-their-first-year-of-ops/articleshow/121575962.cms |access-date=26 November 2025 |work=The Economic Times}}</ref>

Acko also provides several app-based value-added services, including traffic challan checking and payment, FASTag recharge, Ayushman Bharat Health Account (ABHA) ID creation, car servicing through Acko Drive service centres, and online used-car valuation tools.<ref name="ABHAHE">{{cite web |title=ACKO introduces ABHA ID feature on app |url=https://www.healthcareexecutive.in/blog/abha-id-feature |access-date=26 November 2025 |website=Healthcare Executive}}</ref><ref name="DriveService">{{cite web |title=ACKO Drive Service Centre |url=https://ackodrive.com/service-centre |access-date=26 November 2025 |website=Acko Drive}}</ref>

In October 2021, the company secured its position as India's 34th unicorn by raising $255 million through a Series D funding round.<ref>{{Cite web |last=Parmar |first=Beena |date=24 January 2023 |title=Acko to raise up to $150 million from Multiples PE, GA, others |url=https://www.livemint.com/companies/news/acko-to-raise-up-to-150-million-from-multiples-pe-ga-others-11674584707208.html |access-date=21 August 2023 |website=mint |language=en |archive-date=21 August 2023 |archive-url=https://web.archive.org/web/20230821120306/https://www.livemint.com/companies/news/acko-to-raise-up-to-150-million-from-multiples-pe-ga-others-11674584707208.html |url-status=live }}</ref><ref>{{Cite web |date=28 October 2021 |title=Acko joins unicorn club with $255 million fundraise, valued at $1.1 billion |url=https://www.moneycontrol.com/news/business/companies/acko-joins-unicorn-club-with-255-million-fundraise-valued-at-1-1-billion-7640451.html |access-date=21 August 2023 |website=Moneycontrol |language=en |archive-date=21 August 2023 |archive-url=https://web.archive.org/web/20230821120510/https://www.moneycontrol.com/news/business/companies/acko-joins-unicorn-club-with-255-million-fundraise-valued-at-1-1-billion-7640451.html |url-status=live }}</ref>

India's insurance watchdog, [[Insurance Regulatory and Development Authority|IRDAI (Insurance Regulatory and Development Authority)]], recently fined general insurer Acko Rs 10 million for multiple regulatory lapses in its outsourcing and commission practices.<ref>{{Cite news |date=26 May 2025 |title=Acko General Insurance fined Rs 1 crore by IRDAI: Will you be affected if you bought a policy from Acko? |url=https://economictimes.indiatimes.com/wealth/insure/acko-general-insurance-fined-rs-1-crore-by-irdai-will-you-be-affected-if-bought-a-policy-from-acko/articleshow/121363267.cms?from=mdr |access-date=9 September 2025 |work=The Economic Times |issn=0013-0389}}</ref>

==Acko Drive==
Acko Drive was introduced in 2019 as part of the company's expansion into automotive services, initially collaborating with car dealerships in Bengaluru.<ref name=":0">{{Cite web |last=Sharma |first=Sonali |date=10 March 2025 |title=ACKO drive revolutionizes car buying in India |url=https://www.dnaindia.com/india/report-acko-drive-revolutionizes-car-buying-in-india-3137959 |access-date= |website=[[Daily News and Analysis]] |language=en |archive-date=13 April 2025 |archive-url=https://web.archive.org/web/20250413135829/https://www.dnaindia.com/india/report-acko-drive-revolutionizes-car-buying-in-india-3137959 |url-status=live }}</ref><ref>{{Cite web |date=10 January 2025 |title=How ACKO Drive Is Enhancing Ways To Buy Cars Online |url=https://www.thedailyjagran.com/india/how-acko-drive-is-enhancing-ways-to-buy-cars-online-10211855 |access-date= |website=English Jagran |language=en |archive-date=13 April 2025 |archive-url=https://web.archive.org/web/20250413135830/https://english.jagran.com/india/how-acko-drive-is-enhancing-ways-to-buy-cars-online-10211855 |url-status=live }}</ref> By 2024, the platform was operational in 12 Indian cities, including [[National Capital Region (India)|Delhi NCR]], [[Mumbai]], and [[Chennai]].<ref>{{Cite web |date=25 February 2025 |title=Taking E-Selling of Cars to the Next Level |url=https://zeenews.india.com/internet-social-media/taking-e-selling-of-cars-to-the-next-level-2863779.html/amp |access-date= |website=zeenews.india.com}}</ref><ref name=":3">{{Cite web |last=Sil |first=Debarghya |date=9 October 2023 |title=Acko Earned INR 1,759 Cr By Selling Insurance In FY23 |url=https://inc42.com/buzz/acko-earned-inr-1759-cr-by-selling-insurance-in-fy23/ |access-date= |website=Inc42 Media |language=en}}</ref>

In 2022, Acko Drive began facilitating online car purchases and financing options through partnerships with banks and non-banking financial institutions.<ref>{{Cite news |date=5 June 2020 |title=AckoDrive launches online car purchase portal |url=https://timesofindia.indiatimes.com/auto/news/ackodrive-launches-online-car-puchase-portal/articleshow/76218149.cms |access-date= |work=The Times of India |issn=0971-8257}}</ref> Maintenance and repair services were later added, with two service centers operating in Bengaluru as of 2024.<ref>{{Cite news |last=Mohile |first=Shally |date=26 June 2024 |title=InsurTech firm ACKO drives into car repair and service space |url=https://economictimes.indiatimes.com/industry/banking/finance/insure/insurtech-firm-acko-drives-into-car-repair-and-service-space/articleshow/111278148.cms?from=mdr |access-date=12 April 2025 |work=The Economic Times |issn=0013-0389 |archive-date=7 August 2024 |archive-url=https://web.archive.org/web/20240807053037/https://economictimes.indiatimes.com/industry/banking/finance/insure/insurtech-firm-acko-drives-into-car-repair-and-service-space/articleshow/111278148.cms?from=mdr |url-status=live }}</ref><ref>{{Cite web |last=Today |first=Telangana |date=15 March 2022 |title=ACKO Drive launches in Hyderabad, offers one-stop solution for car buyers |url=https://telanganatoday.com/acko-drive-launches-in-hyderabad-offers-one-stop-solution-for-car-buyers |access-date= |website=Telangana Today |language=en}}</ref> The company has also collaborated with used-car platforms [[Zoomcar]], Spinny and Cars24.<ref name=":4">{{Cite web |title=Zoomcar Partners with ACKO Drive to increase car fleet - ET Auto |url=https://auto.economictimes.indiatimes.com/news/aftermarket/zoomcar-partners-with-acko-drive-to-increase-car-fleet/108816230 |access-date= |website=ETAuto.com |language=en}}</ref><ref name=":0" />

==References==
{{Reflist}}

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

[[Category:2016 establishments in India]]
[[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]]
[[Category:2016 establishments in Karnataka]]
[[Category:Companies based in Bengaluru]]

Acko Insurance - Revision history

Eldarljt: adding new entry