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Average health claim size rises 12% to Rs 70,558 in India in 2023-24: ACKO report

by AIP Online Bureau | Sep 25, 2024 | Eco/Invest/Demography, Health, Indian News

The average claim size in India for 2023-24 stands at ₹70,558, up from ₹62,548 in the previous financial year, a significant increase of 11.35%, reflecting the broader surge in healthcare expenses Bengaluru: With rising hospitalisation costs, the average claim size in...

Acko ties up with Mygate to offer car insurance

by AIP Online Bureau | May 27, 2024 | Briefs, Non-Life, Technology

Mygate, a living experience tech company, has entered into a strategic partnership with ACKO. Initially, the partnership will focus on car insurance, offering with Mygate users accessing Acko policies at exclusive prices, timely renewal reminders, and instant...

ACKO launches insurance for removable batteries in 2- wheeler EVs

by AIP Online Bureau | Feb 26, 2024 | Briefs, Non-Life, Risk Management, Technology

ACKO has introduced Extended Battery Warranty plan tailored specifically for removable batteries for Electric Vehicles (EVs). The plan is available with the VIDA V1, the first EV launched under the emerging mobility brand VIDA, from Hero MotoCorp. The plan covers the...

Indians are ready to spend more on travelling: ACKO Travel Index

by AIP Online Bureau | Feb 16, 2024 | Eco/Invest/Demography, Features

As an Indian traveller, getting travel insurance protects you in case of emergencies like medical problems, lost luggage, lost travel funds, or missed flights, to name a few. In addition, travellers must choose a sum insured according to their opinion to cover the...

ACKO appoints Mallesh Bommanahal as Chief Data Scientist

by AIP Online Bureau | Jan 17, 2024 | Briefs, Non-Life, Technology

ACKO has announced the appointment of Dr Mallesh Bommanahal as a chief data scientist. An expert in the world of artificial intelligence, Mallesh has 16 years exposure in the insurance and healthcare industries. He is also the founder of i3systems.ai, widely known for...
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