NEW DELHI: Acko General Insurance, on Wednesday announced a partnership with ZestMoney, a consumer lending fintech company. This collaboration will help ZestMoney customers to cover their installment payments during times of crisis, said a release.

Acko an InsurTech company offers personalized underwriting, micro insurance products, and automated micro claims process.

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.

Claims can be filed through the ZestMoney app.

“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,” said Priya Sharma, co-founder & CFO, ZestMoney. “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,” Priya added.

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 digital EMI capabilities, we will deliver an insurance cover that will protect consumers during their time of need.”


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