Newly Established Insurance Agency Seeking Loan in Gurgaon, India
Pre-operational insurance marketing start-up in Haryana selling insurance products with INR50 lakhs monthly projected sales.
| Established | 0-1 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Insurance Agencies |
| Locations | Gurgaon |
| Local Time | 2:29 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
24 thousand
for
12.0%
annual interest,
5
years
(Native Currency: INR 2,000,000)
Reason: For the expansion of our company, we need more sales force members who can generate more revenue. We...
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Collateral Available: USD 0
Includes physical assets worth
USD
7.2 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Startup India Certificate
(1020.0 KB)
Certificate of Incorporation
(70.9 KB)
ROC-Verification.pdf
(66.1 KB)
Business Overview
- A pre-operational insurance marketing start-up company in the business of selling different insurance products to customers.
- Planning to start our operations next month after acquiring the IRDA license.
- We are in the merger stage with ICICI Prudential, HDFC Life, TATA AIA, etc. , which will be done after obtaining the license.
- Will be starting with term life insurance, health insurance, home insurance and investment insurance.
- Our website will be launched shortly and all the insurance companies will be listed on the website with their products. Customers can choose from the options available.
- We will be charging ~ 50% commission from insurance companies, and that's how we will generate revenue.
- Almost 20k leads have been generated through past contacts, social media and YouTube marketing. Expecting 4 - 5% conversion of these leads.
- Projected sales in the first month are INR 50 lakhs with 10% profit margins.
- Company has MCA registration, PAN and start-up India certificate. Waiting to receive the IRDA license.
- Promoter has 7 years of experience in the insurance industry.
- Planning to start our operations next month after acquiring the IRDA license.
- We are in the merger stage with ICICI Prudential, HDFC Life, TATA AIA, etc. , which will be done after obtaining the license.
- Will be starting with term life insurance, health insurance, home insurance and investment insurance.
- Our website will be launched shortly and all the insurance companies will be listed on the website with their products. Customers can choose from the options available.
- We will be charging ~ 50% commission from insurance companies, and that's how we will generate revenue.
- Almost 20k leads have been generated through past contacts, social media and YouTube marketing. Expecting 4 - 5% conversion of these leads.
- Projected sales in the first month are INR 50 lakhs with 10% profit margins.
- Company has MCA registration, PAN and start-up India certificate. Waiting to receive the IRDA license.
- Promoter has 7 years of experience in the insurance industry.
Products & Services Overview
Selling of different insurance products to customers.Will be starting with term life insurance, health insurance, home insurance and investment insurance.
Assets Overview
We have a team of 15 telecall associates and 2 support staff; that's our manpower.We have 20 desktops, 2 air conditioners, and basic office amenities as our assets (INR 6 lakhs)
Facilities Overview
We have a rental setup of 125 square yards on the 1st floor of a commercial building at Gurgaon, Haryana.
Capitalization Overview
We are a bootstrapping company with three partners. Our equity split is 85%, 10% & 5%.Not taken any loans or funding as of now.
Recent Activity
-
Earlier than 15 daysDirector, Wires Manufacturers, Delhi, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Financial Planning, Mississauga, Corporate Investor / Buyer connected with the Business
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