July 25, 2024

Mygate teams up with ACKO to offer smarter insurance to 4 million households

Mygate, a leading living experience tech company, has partnered with ACKO, a tech-first insurer, to offer smarter insurance solutions to its users at exclusive prices.

Through this dynamic partnership, both companies endeavor to deliver digital protection solutions tailored to the evolving needs of the households on the Mygate app. By integrating ACKO’s insurance services into its platform, Mygate seeks to bring insurance closer to home, making it hassle-free and easily accessible to its users.

To begin with, the partnership will allow Mygate users looking to opt for car insurance to have quick and easy access to policies at exclusive prices, timely reminders for renewal, and instant paperless claims.

Additionally, Mygate has also introduced the unique ‘auto insurance reminder’ feature, powered by cutting-edge technology. This new feature will enhance the overall consumer experience on the app and allow users to benefit from its vast variety of protection offerings.

To further strengthen the partnership, Mygate and ACKO will look at expanding the product offerings beyond motor insurance. This will include adding health and life insurance to the portfolio with solutions such as Outpatient Department (OPD) covers and RWA liability insurance. Thus, they aim to provide holistic insurance solutions powered by ACKO to the Mygate ecosystem.

 “Our commitment to improving living experience via technology is strengthened by the ability to offer tailor-made insurance for the gated community residents,” Abhishek Kumar, co-founder and CEO, Mygate, said, We are already seeing a very positive reception to the launch and availability of car insurance via the Mygate app, and are excited to uncover what the future holds, as we continue to bolster this partnership and innovate with ACKO.”

“At ACKO, it’s our constant endeavor to create for the customer. Together with Mygate, we are working at redefining protection beyond auto insurance, and trying to solve for every aspect of the customers’ lives with our holistic approach. This partnership will help us leverage the potential of our tailor-made solutions and establish us as an integral part of the everyday lives of many million households,” said Animesh Das, CEO, ACKO General Insurance.

Mygate has recently secured its aggregator license from the Insurance Regulatory Development Authority of India (IRDAI), which will enable the company to make insurance policies available directly through its platform.