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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 8:37 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
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... View More
Collateral Available: USD 0
Includes physical assets worth USD 7 thousand
Interested to connect with advisors
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Business Name
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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.

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.

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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.
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