HISTORY

ACESO is the first and only market maker company providing solutions to policy holders holding an Insurance policy,
by helping them monetise its value upfront, before its maturity.

ACESO provides optimal solutions than what would normally accrue to the policy holder.

ACESO and its associate company has facilitated the assignment of over 250 Million worth of Endowment policies issued by LIC of India.

ACESO is a professionally managed company having indepth knowledge on Insurance plans and products offered by LIC of India.

OUR USPs

ACESO and its group companies have been providing solutions by way of assignment of endowment Insurance policies since 2002

ACESO and its group have helped service policies worth over 250 Million.

ACESO is a facilitator in helping to monetise the instrument of the Life Policy to Policy Holder and enabling the nominees of the original policy holder, to continue to avail financial benifits in the event of the original Policy holder's death.

Service is very important to us. Our staff are highly skilled, well trained and efficient.

ACESO DIFFERENCE

WHY CHOOSE ACESO?

At ACESO we’re a bit of a ‘rare breed’. We are the only secondary life asset providers who monetise life Insurance policy.

ACESO has combined end-to-end policy assignment and servicing functional expertise right up to maturity claim of a life policy.

ACESO has a solid in-house actuarial expertise, coupled with the necessary legal experience covering the entire spectrum of services.

ACESO has Complete Secondary Life Asset Management servicing capabilities to adminster and manage policies over its full term through a professional trustee company.

ENDOWMENT POLICY
INFORMATION

SECONDARY LIFE INSURANCE POLICY MANAGEMENT SERVICES IN A CLASS-OF-ITS-OWN

Expertise Through Experience!

Our speciality is Endowment life insurance policies issued by LIC of India:

- which have either lapsed due to non-payment of premiums or

- which are in the process of being surrendered due to inability of policy holder to continue servicing of the policy.

Life Policies Should be Endowment Policies of LIC of India where premiums have been paid for over 6 years.

CLICK TO FILL IN THE LIC POLICY DETAILS

DETAILS OF THE LIC POLICY HOLDER

HOW DO YOU WISH TO BE CONTACTED?

INFORMATION FOR VALUATION OF POLICY

This information can be found on your endowment policy schedule and Surrender value quotation given by the Insurance Company.

If you have not done so in the last 30 days you will also need to call the issuing Life Insurance Company for the current surrender value for your endowment policy.

HAVING PROBLEMS COMPLETING THE FORM?

You can chat to one of our advisors now using the chat function or alternatively Call : +91 8104475025 and one of our trained operatives will be happy to help.

FAQs

the Insurance Company endowment policy is designed as a means of Investment to provide life cover as well as return on Maturity. Under these contracts the policyholder makes a regular payment (premium) usually monthly or annually to the Life Assurance Company. At the end of the term of the policy a lump sum is payable to the policyholder.

Policy holders can assign the policy for a consideration, to meet their immediate financial needs and obligations.

TO POLICY HOLDER

Policy holder gets higher valuation than offered by the Insurance Company on Surrender

Policy holder nominee gets financial benefits in the event of death, as policy continues to be serviced by the Trustee Company

Policy holder assigns the policy to a Trust, who acts as custodian and service provider, which in turn is managed by an Independent Professional Trustee company.

AGENTS OF POLICY HOLDER

Assured of commission due on policy till maturity of the policy as Trustee pays future premium payments of the policy

BENEFITS INSURER COMPANY

Continues to get premiums on exisiting policy till maturity

Payouts by ACESO to policy holder enables Insurer utilised for better and higher bonus earning for the policy holder

Saving on New policy commissions and administrative Expense payouts which are quite high.

BENEFITS TO THE ECONOMY

Unblocking of capital by providing liquidity to policy holder to avoid surrender payouts by the Insurer.

Policy holder submits original Policy copy and executes deed of assignment, in favour of a Trust (for custody), managed by a Professional Trustee company. These documents, along with notice of assignment, are lodged with the Insurance Company of India for registrering the assignment.

Having made the decision to monetise and assign the policy, ACESO will complete all necessary formalities so that the Policy Holder would receive consideration immediately on completion of all requested documentation.

However, we are largely dependent upon the lodgment of policy and registration of such assignment by the issuing Life Assurance Company. This process has an Average completion time of about 7 working days.

ACESO does not charge a fee for providing these service.

The assignment to a Custodian, which is a Professionally managed Trustee company, assures the policy holder that the financial benefits which have been assured at the time of assignment, are collected from the Insurer and paid to their nominees, in the event of death of the policy holder, as specified in the Trust deed.

By submitting your endowment policy details to ACESO, we are simply providing you better valuation than what you would receive from the insurer, to meet your immediate financial needs and also take care of your future premium payments after assignment of the policy. Thus assignment done through ACESO, assures the policy holder that in the event of their death , their nominees / heirs, get assured financial benefits received from the Insurer, which would otherwise be extinguished by the insurer on surrender and termination of their policy.

ACESO will acknowledge receipt of all required documents and also get the policy Holder to sign the Deed of Policy Assignment.

ACESO will confirm with the Insurance Company of India and verify all policy details provided by the policy holder. ACESO services are subject to confirmation of the policy details provided being correct.

Upon receipt of confirmation of the policy details from the Insurance Company of India and documents, a series of due diligence checks are carried out. In case any further information or document is required ACESO gets in touch with the Policy Holder for completing the same.

Payment are issued directly into the bank account of the policy holder.

Normal KYC documents of the policy holder Like Aadhar Card, PAN Card etc. for verification of identity and proof of address. Original Policy document All other documents required for processing the assignment with the Insurer company.

ACESO always aims, that a policy holder gets better and higher financial benefits on assignment besides quick and efficient services. However despite our best efforts, if you still feel that your experience in dealing with us has not reached your expectations, we will be extremely eager to resolve your grievances, which we will try to resolve to our best of abilities. You may get in touch with us by phone or email. Press here for details of how to get in touch with us.

ACESO OFFERINGS

DEDICATED ADIVISORY SERVICES AND COMPREHENSIVE PRODUCT MANAGMENT

ACESO is the only facilitator providing enabling services of monetizing the Insurance Company Endowment policies

- which have either lapsed due to Non payment of premiums or

- which are in the process of being surrendered due to inability of policy holder to continue servicing of the policy.

Assigning unwanted or underperforming Endowment Polices can be a quick and effective way for policy holder to restructure their financial circumstances, or simply release equity to enjoy life to the full.

ACESO and its group companies have been around for over 20 years in which time we have been quietly built a reputation as the only the Insurance Company endowment policy service providers and managers in India.

ACESO has built its business on the knowledge and skills of our specialist team and professional standards. During this time, the ACESO team has applied their knowledge around the asset class, to build formidable servicing capabilities that run from simple policy assignment services, through to asset valuation, and full fund structuring and management.

ACESO has developed highly comprehensive systems designed specifically to manage varied ENDOWMENT Life Settlement policies. Our controls have been developed into a workflow systems, which run on state of art system platforms and technologies.

This allows ACESO to deliver a consummate service which ensures that policies are properly administered in line with the requirements of policy owners. A key benefit of our systems are that they are tuned in line with the requirements of policy owners looking into processing efficiencies that allow us to deliver a fully rounded services.

Coupled with cutting-edge tehcnical abilities and team-based knowledge structure at ACESO, our clients are assured of a robust policy servicing experience, and you can be confident that your Life Settlement policies are in very safe hands.

Payouts typically within a day of registration of policy by the Insurance Company.

KNOWLEDGE CENTRE

POLICY HOLDERS RIGHTS UNDER ENDOWMENT LIFE INSURANCE POLICIES

As per the terms and conditions of life insurance policy contract specific rights and benefits under the policy are specefied for the policy holder.

  1. Change nominees.
  2. Change address.
  3. Change premium mode.
  4. Assign policy for a financial consideration.
  5. Entitled to interest for delay in claim payments.

International Scenerio Secondary market / life settlement market Scenerio in USA / UK / Singapore / Australia / Germany

Regulator of Insurance market in India IRDA is a regulatory authority established by Government of India in 1999. The act is to protect the policy holder interest. Policy holder's can compalaint to IRDA against Insurance company about its grievances in serving of policy.

LIFE INSURANCE AGENTS

EARNING OPPORTUNITY FOR LIFE INSURANCE AGENTS

ACESO Provides a earning opportunity for Life Insurance policy agents when they register with ACESO:

Agents lose commission on Surrender or lapsation of life insurance policies…..

Benefits of Registration with ACESO

  1. Continuous Commissions from Insurance company on future premiums paid till Claim receipts. (Post assignment)
  2. Insurance company Commissions recommences to the agent, on Revival of Lapsed policy. (Post assignment)

Are you a registered LIC Agent Interested in this opportunity?

AGENT APPLICATION REQUEST FORM

  1. *Subject to Terms and Conditions.
  2. *ACESO reserves the right to accept or reject registration under this scheme.

CONTACT