Evidence of actuarial hiring: IRDAI-registered insurer (Appointed Actuary required) (source). Checked 10 Nov 2026.
About Acko Life
Acko Life Insurance Limited is the life insurance company of the Acko group, the Bengaluru-based digital insurer best known for motor and health cover sold online. IRDAI's board approved its certificate of registration in March 2023, making it one of the first new life insurers licensed in India in more than a decade, alongside CreditAccess Life.
The company sells mainly pure term insurance directly to customers through its app and website, with its flagship individual term plan launched in 2024. It has no traditional agency force, so pricing, underwriting and claims are designed around online journeys and data rather than branch networks.
For an actuary, Acko Life is a small, young book. The team builds things from scratch: first pricing bases, first valuation models and first experience data. The work sits close to product and technology teams in Bengaluru, with little legacy business to maintain. Own claims and lapse experience is still too short to be credible, so assumptions lean on reinsurer and industry data.
What the actuarial team does
- Pricing and IRDAI filing of term insurance products sold online, including riders and premium-rate structures for different distribution journeys.
- Statutory valuation and reserving under IRDAI regulations, supporting the Appointed Actuary function of a newly licensed insurer.
- Reinsurance design and negotiation, which matters greatly for a young book with limited own experience.
- Building early experience monitoring for mortality, lapse and claims from a short data history.
- Solvency and capital planning for a company still in its start-up phase.
- Data and analytics work with product and technology teams; tools are not published, though Python, SQL and Excel are typical for digital insurers.
How students get in
Acko does not publish a named actuarial trainee or graduate programme for its life company. Actuarial openings, when they arise, appear on the Acko careers page alongside the wider group's technology and business roles. Because the life team is small, it tends to hire people with some papers and experience rather than large fresher batches; the number of papers asked for at entry is not published. Internships specifically for life actuarial work are not advertised, and exam-support policy is not published. Students should watch the Acko careers page and the Institute of Actuaries of India job board, and be comfortable with term-product pricing and data work.
Roles this employer has advertised:
Questions students ask
How many actuarial papers does Acko Life ask for at entry?
Acko has not published a fixed requirement. As a small team it usually looks for candidates who have cleared some core papers and can work with data, but this varies by role.
Where is Acko Life's actuarial team based?
The Acko group is headquartered in Bengaluru and the life actuarial work sits with the central teams there; the group also has an office in Mumbai.
Does Acko Life hire actuarial freshers or interns?
No dedicated actuarial fresher or internship scheme for the life company is published. Check the Acko careers page for openings as they are posted.
