Newly Established Auto Insurance Company Investment Opportunity in Chennai, India

- Focus on selling motor, health, and life insurance and use artificial intelligence (AI) to improve how we generate and manage leads. This allows us to better target potential customers and convert them into sales.
- We sell insurance directly to clients but instead act as intermediaries, connecting customers with insurance companies. We pass the risk on to the insurance companies we work with rather than taking on the risk ourselves.
- Our business operates on a subscription-based model, where customers or agents pay a recurring fee for access to these services.
- The founder has over 20 years of experience in building successful businesses, and we hold the necessary licenses to operate but are still waiting for full regulatory approval from the insurance authority.
- In short, we use technology, AI, and our partnerships with insurance providers to help sell insurance in a more efficient way and to improve the experience for customers and agents.
- Company has applied for IRDA registration to eventually become an insurance broker. Since we are not an insurance company, we do not need an IRDA license at the moment.
- As a new organization, we have a high employee count to support our scaling needs. Currently, the company is operating at a loss as we focus on capturing market share.