My LG washing machine drum was damaged, requested Acko for repair, these guys sent a boy (not sure if he was even 18 years of age) to inspect. He captured some pictures, then the claims team told that the issue is due to wear and tear, their usual reason for reject most claims, couldn't provide proof for their reason. Realized that they offer such general insurance products which are designed in such a manner to deny claims later on, pretty much cheating by design in my opinion. I have a Car Insurance with them and after such experience, decided will not renew my car insurance. Wouldn't recommended anyone to take their general insurance products. They won't even share their claim settlement ratio. Overall a big disappointment.
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Acko General Insurance, an independent general insurer whose entire operations are through the digital platform, has raised $30 million in a seed round, making it one of the largest seed rounds for a start-up in India.