CosmicTaco
CosmicTaco

Acko Surpasses Rs 2,000 Cr Revenue, Reduces Losses in FY24

  • Acko, a new-age insurance firm, has surpassed the Rs 2,000 crore revenue mark in FY24, a 19.8% increase from FY23.
  • The company also managed to reduce its losses by 9%, bringing them below Rs 700 crore.
  • Gross premium earned accounted for 73.35% of total income, showing a 33.9% growth to Rs 1,587 crore.
  • Acko's controlled costs in employee benefits, advertising, and claims paid helped reduce losses to Rs 670 crore in FY24.
  • The firm aims to achieve profitability by FY27, driven by its general and health insurance segments.

Source: Entrackr

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Acko health insurance

Acko health insurance looks good on paper. Any reviews on their claims process and claim settlement experience?

Is it worth consideration?