ACKO Tech, the parent company of ACKO General Insurance, has announced its expansion into the life insurance sector with the launch of ACKO Life Insurance. The company’s debut offering is the ACKO Flexi term life insurance plan.
Key features of the ACKO Flexible Term Plan:
Customizable Coverage: Policyholders can increase or decrease the amount of coverage as their financial responsibilities change over time, ensuring adequate protection at every stage of life.
Adjustable Policy Term: The plan allows flexibility to adjust the policy term to meet both short-term needs and long-term coverage goals.
Flexible riders: Customers can add or modify riders, such as critical illness or accidental death coverage, tailoring the policy to their specific needs.
Digital Feature: The plan includes a digital will service, allowing customers to create, update and store their will online for secure, legally recognised protection.
Customizable payment options: Policyholders can choose between a lump sum, monthly installments, or annuities and even switch between options during the policy term or claims process to best fit their financial needs.
“We wanted customers to consider life insurance not as a means of investment but as pure protection for themselves and their families. Going forward, our focus will continue to be on pure protection-related products, such as the term life insurance we launched recently,” said Varun Dua, Founder, ACKO.
First published: September 9, 2024 | 15:27 IS
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