In this write-up, I am going to share the most inspirational entrepreneurial success story of ACKO General Insurance company founder and CEO – Varun Dua. He has over 15+ years of experience in the insurance sector and has successfully built a general insurance company and revolutionized the lengthy and hectic process of insurance into a simple and short one. So welcome to this Varun Dua Biography to learn how he made it and what obstacles he had to face in this journey.
Table of Contents
- Varun Dua completed his Bachelor’s Degree from the University of Mumbai and Master’s from MICA.
- He founded Glitterbox Technologies and Coverfox Insurance before Acko General Insurance.
- In 2016, Varun founded ACKO with the motto – “Insurance made easy: Zero commission. Zero paperwork.”
- Varun Dua ACKO is the co-presenting sponsor of all the seasons of Shark Tank India and is also appointed as the Shark for the 3rd season of the show.
Varun Dua Biography
Varun Dua was born in the year 1981 in India. Varun has spent a major time of his career in product development and business management. He was well aware of the hectic insurance process and his aim was to completely revolutionize this and make it as simple as it could be. The stubborn entrepreneur inside him could make it with Acko.
Varun Dua is the founder and CEO of Acko General Insurance Company which provides services in multiple sectors including vehicle, health, etc. In the journey from Acko foundation to its success, he had surpassed an incredible journey that needed to be talked about. As of 2023, Varun Dua age is 42 years and he already accomplished his dream.
Varun Dua Acko is also the sponsor of the popular Indian business reality show Shark Tank India from the first season and is still tied up for the 3rd season as well.
|Full Name||Varun Dua|
|Date of Birth||1981|
|Age||42 Years (As of 2023)|
|Residence||Bengaluru, Karnataka, India|
|Father’s Name||Chander Mohan Dua|
|Mother’s Name||Mrs. Dua|
|Qualification||Masters in Strategic Marketing and Communications|
|College Name||Bachelor’s Degree – University of Mumbai and Master’s Degree – MICA.|
|Business Name||ACKO General Insurance|
|Current Position||Co-Founder & CEO|
|Net Worth||Yet To Confirm|
Varun Dua Education
Varun Dua was born and raised in India and thus he also completed his early education in India. After completing his schooling, he attended the University of Mumbai for his Bachelor’s Degree. After completing his Bachelor’s Degree, he also attended the one and only Business School of India dedicated to Strategic Marketing and Communications called MICA (Mudra Institute of Communications, Ahmedabad).
Varun Dua Family
In Varun Dua family, there are his parents and other family members. Varun Dua’s father’s name is Chander Mohan Dua but his mother’s name is not available as of now. Whenever I will come to know about other family members, I will immediately update you.
Varun Dua Career
Varun Dua started his career as a trainee at Leo Burnett Advertising in 2002 and worked for less than a year. After that, in 2003, Varun joined Tata AIG Life Insurance as a Marketing Manager and worked for around 4 years and then left the company in 2007 in order to join Franklin Templeton Investments again as a Marketing Manager, he worked with the company for around 1 year and 2 months.
In November 2010, Varun Dua co-founded GlitterBug Technologies as an online insurance Vertical specialist. The products of GlitterBug were used by brands like ICICI Prudential and HDFC Life & Aviva for the improvement of their own portfolio. He shut down GlitterBug in May 2013 to found his new venture.
Varun Dua founded Coverfox Insurance in October 2013 which provides a single roof for all kinds of insurance from various insurers. He ran Coverfox for around 3 years and then shut the company in November 2016. But they say that the end leads to a good beginning. At the same time, in November 2016, Varun Dua founded Acko General Insurance and this time not shut it down.
Varun Dua Acko
One of the biggest obstacles he was facing in building a successful insurance company was the lack of Trust from the people. Any person will buy insurance on the foundation stone of trust and Varun could make it with Acko after more than 10 years of experience in the insurance industry.
Varun Dua founded Acko in 2016 and is serving the company as the Chief Executive Officer. Varun Dua Acko has only objective to simplify the lengthy and hectic process of insurance with a zero-commission strategy.
To make it a more trustable brand, Varun Dua Acko is also running a campaign “Full Paisa Wasool” which ultimately gives a sign that the company has value for money and thus you are safe with Varun Dua Acko.
On Varun Dua Acko, there are more than 10 Crore customers are insured and the company has sold out more than 1 Billion policies. Varun Dua Acko provides the service of the fastest claim settlement in just 10 minutes.
Read Also: The Success Story of Indias PharMaa – Namita Thapar Biography
Varun Dua Net Worth
The estimated Varun Dua net worth can not be determined at this point in time. His main source of earnings is his business Acko General Insurance which provides all kinds of insurance including bike, care, health, and travel.
Must Read: Top 10 Pharma Companies of India in 2023
Varun Dua Shark Tank India
Varun Dua Acko was the first brand to sponsor the first season of Shark Tank India and it has been a co-presenting sponsor of Shark Tank India for 3 consecutive years as Varun Dua Acko is the sponsor of Shark Tank India season 3 as well.
Want To Read: The Biographies of Shark Tank India Judges?
Varun Dua Social Media
In this Acko founder Varun Dua biography, I have shared all the details about the serial entrepreneur and you might be interested in following him as he is available on various social media platforms including Instagram, Facebook, Twitter, LinkedIn, etc. where you can follow him and Acko and can stay connected with him or his brand.
Varun Dua Acko’s Instagram username is @ackoindia and it has more than 26.6K followers on Instagram. Acko’s Facebook username is ACKO and it has more than 85K followers on Facebook. Its Twitter handle name is @ACKOIndia and it has more than 41.7K Followers on Twitter.
Must Read: Top 12 Business Leaders In India 2023 – Inspiration For Youth
Interesting Facts About Varun Dua
Through this ACKO Founder Varun Dua biography, I have tried my best to provide you with all the crucial details about the entrepreneur and thus you must have read up on these facts about Varun Dua that you might have never heard before. So here I am sharing some interesting and lesser-known facts about Varun Dua below.
- Varun Dua completed his Master’s at the MICA – Mudra Institute of Communications, Ahmedabad.
- He is the founder of Glitterbox Technologies and Coverfox Insurance.
- In the insurance industry, Varun faced the issue of a lack of trust in the beginning.
- Varun Dua Acko has won the Golden Peacock Award for innovative products and services and the Entrepreneur Startup of the Year Award in 2019.
- Varun Dua Acko was featured in the India List of Linked In’s top 25 startups and Business Today’s Coolest Startup List.
- Acko Founder Varun Dua was named to the Fortune India 40 Under 40 List of 2019.
Check Also: Who Has Been Featured On The Entrepreneur 35 Under 35 List of 2023?
Through ACKO Founder Varun Dua’s success story, we have learned that in the journey of entrepreneurship, you are not allowed to stop. If you stop testing your ideas because of failure and obstacles, then you are never going to be successful. All you need is, to tackle the obstacles and find a permanent solution.
In this Varun Dua biography, I have shared all the details about him including Varun Dua date of birth, Varun Dua age, Varun Dua education, Varun Dua family, Varun Dua father, Varun Dua career, Varun Dua startups, Varun Dua net worth, Varun Dua Shark Tank India sponsorship, Varun Dua social media, some facts about Varun Dua, etc.
Want To Read: The Biography of Your Favorite Entrepreneur?
Hope this Varun Dua ACKO success story was inspirational for you and the content I have provided was also useful and informative enough for you. Thanks for reading.
Who is the CEO of Acko Life?
Varun Dua is the founder and CEO of ACKO Life.
What is the age of Varun Dua?
ACKO founder Varun Dua age is 42 years as of 2023.
Who is Varun Dua?
Varun Dua is the founder and CEO of Acko General Insurance. Previously, he has also founded companies including Glitterbox Technologies and Coverfox Insurance.