ACKO Life Flexi Term Plan

ACKO provides you with the only term insurance plan you will ever need!

As the name suggests, the ACKO Life Flexi Term Plan is a highly flexible term insurance plan that will change the way you look at term insurance. This exclusive plan not only offers a financial safety net for your loved ones but also comes with a variety of benefits for you to enjoy as a policyholder. Yes, the only plan in the market that provides unmatched flexibility for your unique needs.

The ACKO Life Flexi Term 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 with just one click in the ACKO App - it’s that simple and straightforward!

Ramesh, with an annual income of 10 lakh, got married at the age of 30. He secured an ACKO Flexi Term Life Plan with Rs. 1 crore coverage to safeguard his spouse's future.

Five years later, at the age of 35, Ramesh expanded his family by welcoming two children and bought a home through a loan of Rs. 50 lakh. Recognising the increased responsibilities, he decided to increase his coverage to Rs. 2 crore.

At the age of 45 years,  Ramesh successfully repaid the home loan and accumulated a substantial income corpus for his children's education. He then adjusted the coverage to Rs. 1 crore, aligning it with his reduced liabilities.

NOTE: Given the prevalence of women-centric cancers in India, having term insurance with a critical illness rider is essential. With an affordable premium, this rider provides a financial safety net (coverage) against life-threatening common illnesses among women such as breast cancer, cervical cancer, fallopian cancer and ovarian cancer.

ACKO Life Flexi Term Plan comes with an option to enhance your coverage with the help of useful add-ons. Here’s a list for a quick look.

Think of the Critical Illness Term Insurance Rider as an extra layer of protection for your term 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 that we waive off all future premium payments that are due for your ACKO Life Flexi Term Plan. We cover 21 critical illnesses, so you can fully concentrate on getting medical treatment without worrying about keeping the plan active. 

Life has its way of surprising us with its unpredictable nature. Anything is possible, and you may throw a curveball at any time. But if you plan ahead and opt for this rider, your family can receive an additional amount of money if your death is caused by an accident. Above all, it is also one of the most affordable riders.

Let's look at how ACKO Life Accidental Death Benefit Rider works.

Ramesh's term insurance covers 1 crore, and he chose an additional Accidental Death Rider that enhances (a lump sum) the base insurance amount. In the unfortunate event of Ramesh's accidental death, his family can claim up to 2 crores as a benefit provided by the rider. While no sum can replace Ramesh for his family, this financial support helps them during tough emotional and financial hardship.

If you face a situation where you're not just sick or injured temporarily, but something really serious happens. For example, a major accident 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 Life Flexi Term Plan.

You need to fulfil at least the following criteria to buy the ACKO Life Flexi Term Plan.

Your nominees can quickly raise a claim by submitting the required documents to our support email [email protected] or simply dial 18002101992 . Our claims team at ACKO will handle everything for you. It's that simple!

The disbursement of the sum assured will be carried out in accordance with the conditions outlined by the policyholder in the policy.

Here are some of the important factors we consider while deciding the premium for your term insurance plan.

Disclaimer: The plans, services, features, processes, and other details mentioned on this page are subject to availability and changes. Please check the applicable policy wording before making any insurance-related decisions. Feel free to reach out to us at [email protected] for any queries.