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Life Insurance

ACKO Flexi Life Insurance Plan

Flexible and Affordable Life Coverage with Acko's Flexi Life Insurance Plan

Life Insurance

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After insuring crores of people with health and motor insurance, we are now setting sail into the world of Life Insurance in India. Introducing ACKO Flexi Life Insurance Plan. It is packed with useful features and a promise to provide a financially stable future to your loved ones with the amount of money you choose for them.

Why is ACKO the best choice for Life Insurance?
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Easy and Convenient
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We're all about making life easier! Being digital-first means you can easily buy, or make claims on your life insurance policy with us. No more hassle, just simple and quick steps.

Affordable Prices
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We believe in being fair and friendly with your wallet. Our insurance plans give you excellent coverage without breaking the bank. So, you can stay protected and save money at the same time. That's a win-win!

Quick Claims
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Our online system is designed to process claims super fast. That means your loved ones can get the financial help they need without any delays.

What is ACKO Flexi Life Insurance Plan?
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The ACKO Flexi Life Plan is like a safety blanket for your family. Think of it as a promise that if something were to happen to you, your loved ones would still be financially secure. What's really cool about this plan is that it's super flexible! You can make changes to it as your life changes. For instance, you can tweak how much money your family would receive, how long the plan lasts, how often you make payments, and even how the money is given to your family. Here's something really handy: this plan also offers a service to help you create a will. A will is like a letter where you can specify who should get what, when you're no longer around. It ensures that your family receives the money from the plan exactly as you want it to be. So, it's not just insurance, it's insurance that adapts to your needs and lets you make sure your family is taken care of just the way you wish! In summary, you get the following benefits with your ACKO Flexi Life Insurance Plan.

Death benefit
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The sum assured of the plan will be given to your nominee as per your wishes.

Will creation services
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We will help you create a will to draw a clear picture of which assets go where.

Flexi benefit
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The flexibility to customise coverage throughout the policy period.

Optional riders
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Useful riders to enhance the coverage of your ACKO Flexi Life Insurance Plan.

What does Flexi Benefit mean in ACKO Life Insurance Plan?
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Buying a life insurance plan is a long-term commitment you make for the financial well being of your family. A lot can change during the course of the policy period. For example, you could get promoted multiple times, your children may become financially independent, or you could save a considerable amount of money. The Flexi Benefit of our plan is a unique feature that lets you customise the plan as per your changing needs. Here is a list of things you can customise in your ACKO Flexi Benefit Plan.

Sum assured
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Sum assured is the amount your family will receive in case of your death during the policy period. You can increase or decrease this amount as per your changing financial status through the course of the plan.

Policy term
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This is the time through which your policy will remain active if you pay premiums regularly. You can increase or decrease your policy term as per your view on how long your policy should remain active.

Payment frequency
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We have four options for premium payments: monthly, quarterly, half-yearly, and yearly. You can choose to select any of these options to suit your needs.

Payout options
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This option allows you to control how the sum assured of the policy will be paid to your nominee. You can choose if the claim settlement is partially done through monthly payments or as a one time full payment.

Which riders are available with ACKO Flexi Life Insurance Plan?
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ACKO Flexi Life Insurance Plan comes with an option to enhance your coverage with the help of useful add-ons. Here’s a life for a quick look.

Critical Illness Rider
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Think of the Critical Illness Life Insurance Rider as an extra layer of protection for your life insurance. It's like having a safety net in case you get seriously ill. If that happens, this rider can provide you with a predetermined amount of money to help you through a tough time.

Another important benefit of this rider is, we waive off all future premium payments that are due for your ACKO Flexi Life Insurance Plan. So, you can fully concentrate on getting medical treatment without worrying about keeping the plan active. 

Accidental Death Benefit Rider
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Life is unpredictable and may throw a curveball at any time. But if you plan ahead and opt for this rider, then your family can receive an additional amount of money if your death is caused by an accident.

Accidental Total Permanent Disability Rider
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If you face a situation where you're not just sick or injured temporarily, but something really serious happens. For example, a major accident that leaves you permanently unable to work or take care of yourself. That's where the Accidental Total Permanent Disability (ATPD) rider comes into play. Under this rider, you get an additional amount. You can use it to cover day-to-day costs. Additionally, we will waive off all the future premiums of your ACKO Flexi Life Insurance Plan.

What is the eligibility for buying ACKO Flexi Life Insurance Plan?
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You need to fulfil at least the following criteria to buy the ACKO Flexi Life Insurance Plan




Entry Age:

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

Exit Age:

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


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


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.


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.

How to claim ACKO Flexi Life Insurance Plan?
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The claim process for ACKO Flexi Life Insurance Plan is very simple and your nominees can easily raise a claim when the need arises. Here are the steps to raise a claim.

Step 1: Download the ACKO app and login
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Download the ACKO app and login to the policyholder’s account

Step 2: Open the policy and claim
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Find the ACKO Flexi Life Insurance Plan and click “claim”.

Step 3: Upload documents and submit
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Next, you need to answer a few basic questions and upload the necessary documents. Then double check all the details and submit the claim.

Which factors affect the premium of ACKO Flexi Life Insurance Plan?
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Here are some of the important factors we consider while deciding the premium for your life insurance plan.




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.


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.


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.


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.

Frequently Asked Questions
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Let’s play a rapid fire round to get more information about the ACKO Flexi Life Insurance Plan.


What is the minimum policy term of ACKO Flexi Life Insurance Plan?

The minimum policy term for this plan is 5 years.

Will I get a freelook period with this plan?

Yes, you get a freelook period of 15 days on your ACKO Flexi Life Insurance Plan.

In case I miss a premium payment, will I get a grace period?

Yes, we have a grace period of 15 days if you pay your premium monthly. For other premium payment options, the grace period is 30 days. The policy will lapse if the premium is not paid within the grace period.

What is a nominee and can I have multiple nominees for my ACKO Flexi Life Insurance Plan?

Nominee is a person you appoint to receive the sum assured of your policy. This person can claim against the policy after your death. You can appoint multiple nominees under your ACKO Flexi Life Insurance Plan where they will receive percentage-wise payouts of the sum assured as per your instructions. 

Is KYC (Know Your Customer) required to buy ACKO Flexi Life Insurance plan?

Yes, you must complete the KYC process to buy life insurance from ACKO.

What are endorsements and are they allowed under ACKO Flexi Life Insurance Plan?

Endorsements are requests you can make to change a few things in your life insurance plan after you buy the policy. You can request endorsements for the following under your ACKO Flexi Life Insurance.

  • You can add, delete, or edit the nominee details

  • You can change spelling errors in your name or change the name by submitting supporting documents

  • You can change the residential address

  • You can edit the date of birth

Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet, and is subject to changes. Please go through the applicable policy wordings for updated ACKO-centric content, and before making any insurance-related decisions.