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Home › Compare Policies › Acko Life Flexi Term Plan

Acko Life Flexi Term Plan

Acko Life Insurance Company Limited

Term Life Insurance

UIN: 164N003V01 Updated: Jun 2026 Score: 61 / 100
term life acko policy brochure 5.3 MB
term life acko policy warding 0.8 MB

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Quick Information

Basic Details

Entry Age 18 to 65 years
Coverage Amount Not specified
Policy Term Up to 52 years
Premium Payment Up to 52 years
Claim Settlement 88.00% (FY 2025)
Claim Value Ratio 0.00%

Best For

Families needing comprehensive coverage
People who want no room rent restrictions
Those preferring cashless treatments
Individuals looking for AYUSH coverage
Senior citizens seeking reliable cover

What Works Well

Affordable premium compared to many competitors

100% claim settlement ratio reported

Critical illness rider available

Accidental death benefit rider available

Coverage available up to age 70

Multiple premium payment frequencies available

Watch Out For

No increasing life cover option

No limited pay option

No return of premium benefit

No waiver of premium rider

No claim payout customization

No early exit benefit

Hidden Clauses - Read Very Carefully!

These clauses are often buried in fine print. MyInsureBuddy surfaces them so you're never surprised at claim time.

Critical illness rider covers only listed illnesses
Critical illness rider maximum cover capped at ₹50 lakh
Accidental death rider maximum cover capped at ₹2 crore
No premium waiver available for accidental disability
No premium waiver available for critical illness diagnosis
Coverage automatically ends at age 70

⚡ At a Glance

Income Benefit Monthly Income Option Smoker Allowed Critical Illness Rider Accidental Death Rider

Death Benefit Options

•["Lump Sum"]

Premium Payment Options

•Regular Pay

Premium Frequency

•Annual
•Semi-Annual
•Quarterly
•Monthly

Available Riders

•Critical Illness Rider: Additional cover for 21 listed critical illnesses up to ₹50 lakh and age 70.
•Accidental Death Benefit Rider: Additional payout on accidental death up to ₹2 crore and age 70.

Key Product Features

•Life cover protection during policy term
•Coverage available till age 70
•Critical illness rider available
•Accidental death rider available
•Affordable pricing
•Multiple premium payment frequencies

Claims Experience

•100% claim settlement ratio reported
•Short death claim form
•Home pickup for claim documents available
•Higher claim complaint ratio than peers
•No online claim tracking facility

Customer Service

•Average toll-free response
•No dedicated life insurance X (Twitter) support
•Higher after-sales complaint ratio
•No personal relationship manager during claims

Who Should Consider This Plan

•First-time term insurance buyers
•Young salaried professionals
•Budget-conscious individuals
•People seeking basic life cover
•Customers comfortable with limited customization

Official Policy PDF

Download the official IRDAI-filed brochure from Acko Life Insurance Company Limited.

Download (5.3 MB)

MyInsureBuddy Score

61
Average
Consider comparing alternatives
Claim Settlement 65%
Product Benefits 0%
Value for Money 75%
Flexibility 30%
Rider Strength 55%
Hidden Risk Safety 0%
Risk Level Medium Risk (5/10)

Quick Actions

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