Health Insurance Company Investment Opportunity in Mumbai, India
Established | 1-5 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 100 thousand |
Run Rate Sales | USD 300 thousand |
EBITDA Margin | 15 % |
Industries | Health Insurance |
Locations | Mumbai |
Local Time | 8:37 AM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
- 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.
We sell all types of insurance but have a special focus on health insurance.
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.
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.
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.
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Earlier than 15 daysDirector, Financial Services, Mumbai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysManaging Director, Mumbai, Financial Consultant connected with the Business