Jobaaj Stories
Acko has received the approval to function in the Life Insurance Industry. This is opportunistic news for Acko, who has been eyeing to enter this sector. In the 121st meeting of the Insurance Regulatory and Development Authority of India(IRDAI), Acko got the certificate of registration as Life Insurance Issuer.
Since 2016, Acko has captured the likes of various investors. These include Amazon, Accel Partners, SAIF partners, and more.
Acko has provided services in the segments like auto, travel, and health insurance. It has also partnered with several applications for covering bite-sized insurance for users.
IRDAI has shown green flags to 25 companies now. On the same day, Credit Access Grameen joined Acko on the list of the few insurers. Credit Access is a microfinance company with its headquarters in Bengaluru. The company aims to provide loans to women in rural areas.
Life Insurance companies have registered after 12 years. Edelweiss Tokio received the certificate of registration in Life Insurance in 2011.
As per Business standards, the stock of listed firms has increased since the IRDAI amended the criteria for insurance companies.
The Authority's Regulator recently disclosed that approximately 20 other applications are in the Registration Stages.
This year we saw many startups and businesses entering new segments as well. Stay updated with what’s up in the world with Jobaaj Stories.
- Kratika Agarwal
