November 2, 2018
New age insurance company, Acko General Insurance, today announced a strategic tie-up with UrbanClap, a mobile-based services marketplace. Acko has developed an accident insurance product for top performing UrbanClap professionals, also referred to as ‘partners’. UrbanClap has a robust community of 50,000+ service professionals who are growing their business everyday leveraging the platform. This is a first-of-its-kind initiative by UrbanClap in providing benefits like insurance cover to select top partners. This insurance is offered as a performance linked benefit to its partners.
Under this program, UrbanClap partner will receive an insurance cover benefit for eventualities like death and disability for INR 1 Lac each. There is also a loan protection cover of INR 50,000 and a child education cover of INR 60,000 for the partners’ family in case of death or total disability. Claims can be made on Acko’s website or through Acko’s call centre number.
Varun Khaitan, Co-founder, at UrbanClap said, “Our partners are the backbone of UrbanClap and we continuously look for ways to add value to their lives. We are excited to partner with Acko, to offer this insurance cover to our top performing partners initially, given their commitment to providing users with the most cost-effective insurance product while ensuring ease of use and a seamless experience. This is a first-of-its-kind an initiative by UrbanClap and a great tool to reward and retain our partners.”
Kulin Shah, Vice President Partnerships, at Acko said, “At Acko we create innovative products to ensure that it is effortless for consumers to secure themselves in various aspects of their daily life. This partnership with UrbanClap, India’s largest home services platform is a seamless integration of two customer-centric brands focused on delivering the best user experience. With this partnership, Acko will be bringing its hassle-free issuance and claims processes to UrbanClap professionals.”
UrbanClap is a leading online marketplace for local services such as repair & maintenance, home cleaning, homecare & design, pest control, packers & movers, business services, event management, weddings & party management, health & wellness, salon, etc. UrbanClap was founded in 2014 and it is headquartered in Gurugram. The company has grown significantly since its launch and currently, it offers more than 100 services. It has more than 1 lakh trained and skilled professionals including plumbers, electricians, wedding photographers, makeup artists, DJs, chartered accountants (CAs), etc. The company has operations in various cities including Delhi-NCR, Bengaluru, Mumbai, Chennai, Hyderabad, Pune, Ahmedabad, Kolkata, Noida, Faridabad, Gurugram, and Ghaziabad. Till now, UrbanClap has served more than 3 million customers across the country.
About Acko General Insurance
Acko’s General Insurance Company is a new age online insurance policy provider with its entire operations offered through the digital platform. Founded in 2016 by Varun Dua, a fin-tech serial entrepreneur, Acko will provide innovative products with personalized pricing based on customer behaviour and data analytics.
Acko has raised a total of USD $42 mn till date, having raised one of the largest seed rounds for a start-up in India. The company is backed by Narayan Murthy’s Catamaran Ventures, Accel and SAIF Partners, Kris Gopalakrishnan, Co-founder Infosys, Hemendra Kothari of DSP Blackrock, Atul Nishar – Founder & Chairman of Hexaware Technologies, Rajeev Gupta, veteran investment banker and Founder of Arpwood Capital, Venk Krishnan and Subba Rao of NuVentures, Swiss Re & Transamerica Ventures.