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Insurance Agencies Seeking Loan

Showing 1 - 5 of 5 Insurance Agencies Seeking Loan. Lend to an Insurance Agency.

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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.
- 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.
Pre-operational insurance marketing start-up in Haryana selling insurance products with INR50 lakhs monthly projected sales.
6.8   Gurgaon
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
USD 24 K at 12%
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Insurance Agency Seeking Loan in Hyderabad, India

Young startup providing insurance claim investigation services to insurance companies and third party administrators.
• A young startup, providing insurance claims investigation services for insurance companies and third party administrators. • Our head office is based in Secunderabad, Hyderabad. We have 5 additional branches operating in Andhra Pradesh, Karnataka, Jharkhand and Chattisgarh. Planning to expand to Tamil Nadu and Kerala as well. • The company was registered in 2022. We started onboarding clients 2 months back. • We have designed an online system and mobile app for claims investigation services which is a real time reporting system and we are the first in India to implement it. • Our clients are from Health and Life insurance companies. We have 4 active clients, which include IFFCO Tokio General Insurance, Acko General Insurance, TATA AIA Life Insurance and Mediassist. 2 more clients will join shortly. • We receive our payment on per case basis, which ranges between INR 2,000 to 7,000. We get about 600 cases per week. • Our activities include residence checks, employee verification, hospital verification etc. This does not involve providing insurance and hence, it is not required to be registered under any financial regulator. • We have a total of 140 employees spread across all the locations, among which 8 are full-time (including the directors) and the others are on a contractual basis. • The business is currently operated from the directors' personal funds, hence we are running at a breakeven. • We are booming quickly with more than expected business and will be in demand till the Insurance sector exists.
Young startup providing insurance claim investigation services to insurance companies and third party administrators.
6.3   Hyderabad
Run Rate Sales
USD 300 thousand
EBITDA Margin
Nil
Business Loan
USD 12 K at 10%
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Insurance Agency Seeking Loan in Coimbatore, India

Startup with operations in GCC countries providing various financial and insurance services seeks a loan.
- We are a financial consultancy and provide services such as portfolio management, insurance & banking consulting, and immigration services. - Our company has operation in GCC countries and have offices in Dubai and Qatar. - Since our inception, we have served over 500 clients. - We do not charge our fees directly from the customers. - We charge a commission from our channel partners who help us acquire the clients. The commission depends on the type of project. - Our aim is to launch IPO in the coming years.
5.9   Coimbatore
Run Rate Sales
USD 140 thousand
EBITDA Margin
15 %
Business Loan
USD 120 K at 15%
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Insurance Agency Seeking Loan in Bend, United States

Insurance agency in Oregon handling more than 1,000 clients under home, auto and business insurance.
- Insurance agency operating for more than 6 years. - We offer risk management strategies, policy renewals, and claim tracking services to clients. - We are active in Oregon and Washington but 90% of our clients are from Oregon. - Handling more than 1,000 clients under the home, auto and business insurance. - Our clients are direct individual end-users. - We purchase running policies from insurance agents who are retiring and we continue that insurance. - Revenue is generated from the insurance policy commissions. - Promoter is in this field for more than 20 years and has in-depth experience. - Physical assets include computers, laptops and furniture.
6.0   Bend
Run Rate Sales
USD 312 thousand
EBITDA Margin
40 %
Business Loan
USD 250 K at 10%
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Profitable Insurance Agency Seeking Loan in Imphal, India

Company helping insurance companies in enhancing their sales, working with SBI, Birla Sun & Future Generali.
- We help corporates basically insurance companies in enhancing their sales activities. - We have around 25 employees who visit door to door to sell financial products. - We are working with SBI Life insurance, Birla Sun life insurance, Future Generali life insurance. - Revenue model: We get commission from the insurance companies for each sale.
Company helping insurance companies in enhancing their sales, working with SBI, Birla Sun & Future Generali.
7.1   Imphal
Run Rate Sales
USD 100 thousand
EBITDA Margin
50 %
Business Loan
USD 18 K at 15%
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    There are 5 active and verified insurance agencies seeking loan listed on SMERGERS as of 26 February 2024.
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