ACKO Flexi Life Insurance Plan

Age

You should be at least 18 years old to buy life insurance from ACKO.

The exit age for ACKO Flexi Life Insurance plan is 65 years.

Education

We just need to know the basic details about your educational background.

Occupation

Your occupation can influence your eligibility and premium rates. Jobs involving high-risk activities like mining, deep-sea diving, or stunt work may require you to pay higher premiums. In some cases, we may have specific exclusions or conditions for certain professions.

Income

Your income plays a role in determining the amount of coverage you can buy. Typically, your life insurance coverage should be based on your financial responsibilities, such as loans, dependents, and future expenses. So, having a stable income is important to ensure you can pay the premiums regularly and keep the policy active.

Other Factors

Other factors like health status, lifestyle habits, hobbies, etc. can also impact your eligibility.

Age

The younger you are when you get a term insurance policy, the less money you'll have to pay regularly. It's like a special discount for being young and healthy!

Health Status

We might ask you to see a doctor just to make sure you're doing great. If you're in good health, your payments will be lower. But if you have some health issues, your payments might be a bit higher because we want to make sure you're taken care of.

Lifestyle Choices

Now, about those habits like smoking or drinking – they can make your payments go up a little. It's because these things can sometimes lead to health problems, and we want to keep you safe and sound.

Policy Term

Think of this like choosing how long you want your insurance to last. If you want it for a really long time, you might pay a bit more each time. But if you want it for a shorter period, it can be cheaper.

Sum Assured

Sum assured is the amount your family gets if something happens to you. The premium will be in proportion to the sum assured of your choice. Higher the sum assured, higher will be your life insurance premium.

Rider Benefits

You can choose riders to enhance the coverage of your ACKO Flexi Life Insurance Plan. Adding these to your policy is awesome, but it does mean a little extra cost.

Occupation

Your job matters too. If you work in a job that's a bit risky, like construction or mining, your payments could be a tad higher. It's because these jobs have some extra dangers.

Hobbies

Fun hobbies like skydiving or racing are cool! But they can make your payments go up too. We just need to know what kind of adventures you're into.

Gender

In some cases, your gender can make a difference. Historically, women often had lower payments because they usually live longer and have fewer health issues. But things are changing, and the gap between men and women's payments is getting smaller.