Competing with legacy insurance companies is a challenging endeavour. With financial backing and industry trust, legacy companies dominate the space.
However, Varun Dua, the CEO and Founder of Acko, dared to enter and revolutionise the insurance sector.
Starting in 2016, Acko created a new segment within the insurance sector: the insurtech segment. Coming from a humble background, his journey is an inspirational story for young entrepreneurs.
In this blog, we will dive deep into Varun Dua net worth, his early life and Acko’s growth.
Varun Dua Net Worth 2025
Acko’s CEO is a prominent figure in the entrepreneur world, amassing a net worth of ₹107 crore (approximately). Varun Dua’s salary, according to Inc42, is approximately ₹1.4 crore.
However, it is important to note that these figures are estimates. The true figure can be confirmed only by the man himself.
Note: Current 2025 figures are not yet published. These figures are from FY 2022-2023.
Early Life and Career Beginnings
Varun Dua is a classic example of innovation without a silver spoon. Born in 1981 to a middle-class family, he completed his schooling from the Maharashtra State Board. He completed his MBA from Narsee Monjee Institute of Management Studies (NMIMS).
Before founding Acko General Insurance, he started at Leo Burnett and later went to TATA AIG Life Insurance and Franklin Templeton Investments.
Armed with the knowledge of insurance, he began Coverfox, where people could compare insurance policies. However, he noticed a gap in the market.
“Where others saw tradition, I saw friction—paperwork, middlemen, and endless fine print. That’s when I knew insurance didn’t just need a change, it needed a revolution,” says Varun Dua, who founded Acko in 2016.
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The Digital Insurance Revolution: Acko’s Rise
Acko General Insurance is India’s first digital-first insurance company, which disrupted the insurance market.
Born from a simple thought: to simplify the insurance experience, it is now a unicorn, marking ₹2,000 crore operating revenue in FY2024.
The company is a key player in the growing insurtech market, which is growing at a CAGR of 29.10% (FY 2025-2033). Here are some key milestones in the company’s growth:
| Year | Milestone |
| 2016 | Acko, headquartered in Bengaluru, was founded |
| 2018 | Launched car insurance |
| 2020 | Expanded into corporate health insurance |
| 2021 | Became a unicorn by crossing the billion-dollar mark |
| 2022 | Annual revenue reached ₹1,000 crore |
| 2023 | Introduced health and travel insurance |
| 2024 | Ventured into the life insurance sector |
Acko Net Worth and Revenue
Are you wondering how Varun Dua built Acko to be one of India’s leading insurance companies? Was it the digital-first approach, or did he do some other magic?
The answer is simplifying claims and settlements. He understood and identified the pain points of insurance buyers. The company changed the narrative with a 99.91% claim settlement ratio (CSR).
This helped them scale and generate a revenue of ₹2,106 crore in FY 2024, making a 19.8% jump from ₹1,758 crore in FY 2023.
Their claim settlement time (as fast as 12 minutes) also helped them cut their losses by 9%, indicating their effective cost control and efficiency.
Together, under Varun Dua’s leadership, Acko General Insurance and Acko Life Insurance continue to grow and simplify the lives of many Indians. Thus, Varun Dua net worth is a testament to his hard work in building Acko.
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Varun Dua Investment Portfolio
Varun Dua expanded his portfolio with his entry on Shark Tank India Season 3. His status as an Angel Investor is a testament to how hard work and passion drive success.
| Company | Date of Investment | Verticals |
| Charcoal Eats | 21st February 2016 | Food Tech |
| Foodni | 21st November 2019 | SaaS |
| Dezerve | 1st September 2021 | FinTech Mobile |
| Vaaree | 7th November 2022 | E-Commerce |
| Moxie Beauty | 1st April 2023 | E-Commerce (Beauty) |
| Tohands | 1st March 2024 | Mobile SaaS |
| Plus Gold | 25th June 2024 | FinTech SaaS |
| Infinyte Club | 12th August 2024 | FinTech |
| Aignosis | 23rd January 2025 | AI Healthtech |
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What Can We Learn from Varun Dua’s Journey?
Varun Dua’s journey offers valuable lessons for entrepreneurs and professionals alike. Here’s what we can learn from his inspiring story:
1. Innovative Thinking Can Transform Traditional Industries
Varun Dua revolutionised India’s insurance sector by founding Acko, one of the first fully digital insurance companies in the country.
His vision to eliminate paperwork, simplify buying processes and cut out intermediaries led to a seamless customer experience that challenged conventional norms.
2. Persistence Through Challenges Matters
Starting from modest beginnings, Varun’s journey was not without obstacles. Before Acko, he gained experience working in insurance and advertising, learning industry nuances.
His persistence and ability to adapt helped him overcome hurdles, making his success a testament to the importance of resilience.
3. Focus on Customer Needs is Key
Varun understood the frustrations customers faced with traditional insurance (for instance, complex jargon, delayed claim settlements and high commissions).
By prioritising transparency, speed and affordability, he built trust and loyalty, which fueled Acko’s rapid growth.
4. Leveraging Technology to Drive Growth
Embracing AI, data analytics and mobile technology, Varun modernised the insurance business.
This tech-first approach improved efficiencies and customer satisfaction, showing how innovation enables competitive advantage.
5. Building Strong Partnerships Accelerates Success
Collaborative partnerships with companies like Ola, Amazon and CRED allowed Acko to expand its reach via embedded insurance. Strategic alliances played a crucial role in rapidly scaling the business.
6. Long-Term Vision with Adaptability
Varun’s steady climb involved strategic funding rounds and a clear vision to create India’s leading digital insurer. Despite industry complexities, his flexible approach helped Acko stay ahead of trends.
7. Giving Back and Mentoring
Beyond his entrepreneurial role, Varun invests in startups and appears on platforms like Shark Tank India, sharing insights and supporting emerging entrepreneurs.
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Final Takeaways
Varun Dua’s journey is proof that vision, persistence and innovation can truly change the game.
From starting small to building one of India’s most trusted insurtech brands, his success is both inspiring and aspirational.
Varun Dua net worth is not just about wealth but also about the value he has created for the industry and people’s lives.
For anyone dreaming big, Varun’s story shows that with the right mix of passion and determination, extraordinary achievements are always within reach.
Frequently Asked Questions
1. Where is Varun Dua from?
Varun Dua was born in Delhi, India. However, he grew up and spent much of his life in Mumbai, where he currently resides.
2. What is the education of Varun Dua?
Varun Dua completed his Bachelor’s from the University of Mumbai and his Master’s from Narsee Monjee Institute of Management Studies (NMIMS), where he earned his MBA.
3. What is the net worth of the Acko CEO?
According to sources, the net worth of the Acko CEO, Varun Dua, is ₹107 crore. However, these are estimated figures. His actual net worth may vary.
4. How did Varun Dua start Acko?
Varun Dua started his first venture in 2011 with Coverfox, which was an online insurance comparison platform.
However, he was not satisfied with the venture and decided to do something bigger within the sector. Thus came Acko in 2016.
5. Is Varun Dua on Shark Tank India?
Yes, Varun Dua appeared on Shark Tank India season 3. In the season, he invested in various startups, diversifying his portfolio.
