Acko General Insurance vs New India Assurance Company
On CSR alone: New India Assurance leads with a higher claim settlement ratio in FY 2023-24. But CSR is one data point — also compare plans, premiums, and network before deciding.
Acko — Strengths
- +Lowest premium pricing — zero agent commission model
- +Fully digital: buy, renew, and claim via app in minutes
- +Motor claim self-inspection for minor damages — no surveyor wait
- +Amazon-backed — strong tech infrastructure and funding
- +Transparent pricing: no hidden charges or add-on upselling
New India Assurance — Strengths
- +Oldest and largest public sector general insurer — government-backed
- +Mediclaim policy — one of India's most widely held health plans
- +Accepted at virtually all government and major private hospitals
- +Lower premiums compared to private sector equivalents
- +Floater policies available for families at competitive rates