# Acko Insurance
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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](/source/Insurance)
| products = [Motor insurance](/source/Motor_insurance)
[Health insurance](/source/Health_insurance)
[Travel insurance](/source/Travel_insurance)
[Term life insurance](/source/Term_life_insurance)
[In-trip domestic insurance](/source/In-trip_domestic_insurance)
[Mobile insurance](/source/Mobile_insurance)
| services = [Traffic challan check & payment](/source/Traffic_challan_check_%26_payment)
[FASTag recharge](/source/FASTag_recharge)
[ABHA ID creation](/source/ABHA_ID_creation)
[Car servicing](/source/Car_servicing)
[Car valuation](/source/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](/source/Bengaluru), Karnataka, India
}}
'''Acko Insurance''' is a private sector general insurance company in India.[{{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 }}][{{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}}] Founded in November 2016, the company received its license from the [Insurance Regulatory and Development Authority of India](/source/Insurance_Regulatory_and_Development_Authority) (IRDAI) in September 2017.[{{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 }}][{{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}}] Acko follows an online-led model and hence all operations for the company are offered through the digital platform.[{{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 }}][{{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}}]
==History==
Acko General Insurance was founded by Varun Dua, is the chief executive officer.[{{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 }}] As of 2018, Acko has raised [₹](/source/Indian_rupee)2.74 billion ($42 million) in funding from investors such as [Amazon](/source/Amazon_(company)), [Accel Partners](/source/Accel_(venture_capital_firm)), SAIF Partners, Catamaran Ventures.[{{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 }}][{{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}}] 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.[{{cite web |title=Acko Case Study |url=https://cloud.google.com/customers/acko |access-date=26 November 2025 |website=Google Cloud}}][{{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}}]
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.[{{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}}][{{cite web |title=ACKO Drive Service Centre |url=https://ackodrive.com/service-centre |access-date=26 November 2025 |website=Acko Drive}}]
In October 2021, the company secured its position as India's 34th unicorn by raising $255 million through a Series D funding round.[{{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 }}][{{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 }}]
India's insurance watchdog, [IRDAI (Insurance Regulatory and Development Authority)](/source/Insurance_Regulatory_and_Development_Authority), recently fined general insurer Acko Rs 10 million for multiple regulatory lapses in its outsourcing and commission practices.[{{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}}]
==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.[{{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](/source/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 }}][{{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 }}] By 2024, the platform was operational in 12 Indian cities, including [Delhi NCR](/source/National_Capital_Region_(India)), [Mumbai](/source/Mumbai), and [Chennai](/source/Chennai).[{{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}}][{{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}}]
In 2022, Acko Drive began facilitating online car purchases and financing options through partnerships with banks and non-banking financial institutions.[{{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}}] Maintenance and repair services were later added, with two service centers operating in Bengaluru as of 2024.[{{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 }}][{{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}}] The company has also collaborated with used-car platforms [Zoomcar](/source/Zoomcar), Spinny and Cars24.[{{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}}]