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Acko General Insurance Limited, has announced a partnership with ZestMoney, India’s largest consumer lending fin-tech company.
Acko General Insurance Limited has announced a partnership with ZestMoney, India’s largest consumer lending fintech company. Acko is India's first and fastest-growing InsurTech company, committed to making insurance more meaningful and compelling to consumers, via personalized underwriting, micro Insurance products, and a paperless, automated single-click micro claims process built on world-class technology. This collaboration is great news for ZestMoney customers as it will cover their installment payments during times of crisis.
Speaking on the partnership Priya Sharma, Co-Founder & CFO, ZestMoney said, “Our partnership with Acko will provide a safety net to our customers and safeguard their EMIs in times of crisis. A customer can avail credit insurance at the time of availing a loan with us. At ZestMoney, we are making EMI financing hassle-free and truly digital for a billion Indians and with credit insurance, we add another feather to our cap.”
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Ashwin Ramaswamy, Business Head - Partnerships at, Acko said, “This partnership springs from a shared commitment with ZestMoney to a consumer-first approach. Between Acko’s insurTech expertise and ZestMoney’s unique digital EMI capabilities, we will deliver an exceptional insurance cover that will protect consumers during their time of need.”
ZestMoney offers instant financing to consumers across 1000+ online portals and provides them the option of paying through EMIs even if the consumers don’t own a credit card. Acko will offer credit insurance to these consumers and cover them during eventualities like hospitalization or critical illness when they’re unable to pay their installments.
The tech DNA of both entities ensures that the entire consumer journey is seamless and digital, right from insurance issuance to claims settlement. Claims can be filed through the ZestMoney app and it takes less than 3 minutes to create one. The process has been designed to minimize hassles for consumers and ensure quick claim settlement.
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