back Back

Multipl and ACKO partner to revamp digital car insurance payments

By Leandra Monteiro

June 29, 2023

  • Acko
  • Digital Car Insurance
  • Digital Insurance

Multipl, ACKO One of India’s largest ‘Invest now, Spend later’ platforms, Multipl has partnered with the tech-first insurer ACKO to provide integrated insurance payment options to its customers.

ACKO, a tech-first direct-to-consumer company, has significantly reshaped the insurance landscape with its commitment to making insurance buying and claims processing hassle-free. The partnership of Multipl and ACKO is a step to provide the new age car owners an option to invest and renew their policy with the extra benefit of returns. This partnership caters to new-age customers seeking convenience and added benefits in their insurance choices.

“Insurance premium is a big recurring expenditure for car owners, especially if they have multiple cars. With our integrated ACKO insurance option, car owners can not only plan for insurance payment but also get rewarded for their savings and make instant payments,” said Paddy Raghavan, Co-founder of Multipl.

The association will see a seamless integration of the features of ACKO in the Multipl platform which will allow individuals to create a goal for their annual insurance premium as a part of its save and spend smartly business model. Individuals can then save in small equal amounts for a duration of three to 12 months to achieve the goal. This will enable individuals to relook at their policy buying and renewing behaviour.

Multipl also provides individuals the benefit of being able to invest their savings in curated direct mutual funds based on the risk profile on its platform. This will fetch returns on the invested amount and upon maturity, individuals can make the premium payment on the ACKO interface which is integrated into the Multipl app.

For this year’s premium payment for buying ACKO car insurance, Multipl has also opened the facility of instant payments.

“ACKO has established itself as a problem solver within the ecosystem, prioritizing the needs of its customers. We are delighted to collaborate with Multipl, as we recognize the synergy in our customer profiles and our commitment to resolving customer issues. We firmly believe that this partnership will contribute to streamlining the insurance payment experience for the customers,” said Mayank Gupta, Vice President – Auto, ACKO.

Previous Article

June 29, 2023

PayPal enables Tap to Pay for Venmo and Zettle businesses in the US

Read More
Next Article

June 29, 2023

Visa acquires FinTech platform Pismo for $1b

Read More

IBSi Daily News Analysis


July 19, 2024


SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 23, 2024

4 BNPL platforms providing financial freedom to consumers in MENA

Read More

July 23, 2024

Paytm & Axis Bank to offer POS solutions to merchants

Read More

July 23, 2024

Klarna integrates Sofort payment service with Klarna Payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024