Health Insurance Company Investment Opportunity in Mumbai, India
Insurance agency/ broker or insurance marketing firm with a tele-calling sales strategy seeks expansion funding.
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 94 thousand |
| Run Rate Sales | USD 283 thousand |
| EBITDA Margin | 15 % |
| Industries | Health Insurance |
| Locations | Mumbai |
| Local Time | 11:21 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
59 thousand
for
30.0%
stake
(Native Currency: INR 5,000,000)
Reason: We want to increase the tele-caller count. More tele-callers mean more business. We want to take an ...
View More
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
ROC-Verification.pdf
(66.2 KB)
Business Overview
- Direct selling agent of health insurance policies.
- Only 3% of the Indian population is covered under health insurance. Insurance is a growing market in India. After Covid, there is awareness in the market and this is the perfect time to invest.
- Receive 40-45% commission on the policy's total annual premium.
- We get about a 15% commission on policy renewals. This is a recurring and lifetime revenue.
- Currently have a team of 12 telecallers.
- Business was started last year and in the few months of operations we achieved sales of INR 80 lakh.
- Only 3% of the Indian population is covered under health insurance. Insurance is a growing market in India. After Covid, there is awareness in the market and this is the perfect time to invest.
- Receive 40-45% commission on the policy's total annual premium.
- We get about a 15% commission on policy renewals. This is a recurring and lifetime revenue.
- Currently have a team of 12 telecallers.
- Business was started last year and in the few months of operations we achieved sales of INR 80 lakh.
Products & Services Overview
We sell all types of insurance but have a special focus on health insurance.
Assets Overview
Laptops, iPad, and other electronic devices are used but none of them are owned by us. All furniture and IT assets are leased. No physical assets are owned by this business.
Facilities Overview
We have a rented office with 17 sitings in the Northern suburb of Marol in Mumbai. The office has an area of 800 sq. ft. and it is a 2 mins walk from Marol Metro Station.
Capitalization Overview
Shareholding is within the family with a split of 70:30. We are seeking investment to grow our manpower and staff respectively and the business will also grow.
Recent Activity
-
Earlier than 15 daysDirector, Import/Export, Mumbai, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysOwner, Investment & Accounting Firm, Mumbai, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysExecutive Director, Financial Investment, Dubai, Individual Investor / Buyer connected with the Business
Tags:
Newly Established Health Insurance Company Investment Opportunity in Mumbai, India
·Newly Established Health Insurance Company Investment Opportunity in Bombay
·Invest in Newly Established Health Insurance Company in Mumbai, India
·Newly Established Health Insurance Company Investment Opportunity
·Invest in Newly Established Health Insurance Company in Bombay
·Invest in Newly Established Health Insurance Company
·Investment Opportunity in Mumbai, India
·Investment Opportunity in Bombay
·Invest in Mumbai, India
·Invest in Bombay
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.
Contact Business
6 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 116,500+ other businesses of all sizes.
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.
You might also be interested in these businesses