↩ Go Back
Need help?

Insurance Agency for Sale in Gurgaon, India

Company with an IRDA insurance broking license and an annual recurring premium collection of INR 80+ lakh.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 11 thousand
Run Rate Sales USD 14 thousand
EBITDA Margin 10 %
Industries FinTech + 1 more
Locations  Gurgaon
Local Time 1:16 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 60 thousand (Native Currency: INR 5,000,000)
Reason: Capital required to scale up other business owned by our family.
Includes physical assets worth USD 60 thousand
Interested to connect with advisors
Documents
Business Overview

- We are an online B2C portal for selling different insurance with a state of the art user interface.

- Customers can choose from a range of over 200 policy products and make an informed decision.

- Have tie ups with more than 10 big insurance companies in India to sell both life and non life policies.

- Over 800 customers acquired till date who will be paying premium every year.

- Recurring annual premium collection of about INR 80 lakh per year through renewals majorly from health insurance customers.

- Physical assets include INR 50 lakh in company account as fixed deposit.

- It would take more than a year to acquire new Insurance broking license. Our license can be transferred in the name of interested party in 2-3 months.

- Immense scope for scaling by only investing in online marketing for lead generation.

- Could open branches across various parts of the country to offer face to face service.

Products & Services Overview

- Different insurance products can be sold such as Health insurance, life insurance, marine insurance, building insurance, motor insurance.

- Claims settlement service can be offered for an extra fee.

Facilities Overview

Operations are located in an 1,800 sq ft space in a Grade A building on Golf course extension road, Gurgaon.

Office is privately owned by one of the promoters and is not a part of this transaction. If anyone is interested in acquiring the office space as well then the same can be acquired by paying an extra sum of INR 3 crore and we are also open to renting out the facility. The office space is luxuriously furnished with the help of a Ukrainian interior designer with furniture and fixtures have been imported from Germany and Italy.

Capitalization Overview
Not Disclosed
Recent Activity
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

Frequently
Asked
Questions

  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How active are the business profiles listed on SMERGERS?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more