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Know everything about Policybazaar Agent or Insurance Advisor Business Opportunity here.

Check out details like the Policybazaar Franchise Review and Ratings, Cost, Commission Infrastructure requirements, Support details, ROI tenure, and more.

This Insurance Agent business is a leading insurance franchise. You can check all relevant information & make your insurance business investment decision.

Policybazaar Agent Business Opportunity - Snapshot

Line of Business

Insurance Agent

Unit / Shop Area

100 - 150 Sq. Ft. (Optional)

Commission% / Revenue Sharing

2.5% to 10% of Premium

Total Investment

Rs.37,000 - Rs.70,000 (Optional)

ROI Timeframe

3 to 6 Month

Policybazaar Insurance Agent Review & Ratings by Franchisebyte

Revenue Sharing

3.96 / 5

Franchise Fee & Infra Investment

4.01 / 5

Support & Training

3.97 / 5

ROI Timeframe

4.09 / 5

Brand Value

4.18 / 5

Overall Ratings

4.04 / 5

Star Ratings


Overview of Policybazaar Franchise

Industry

Finance & Money

Business Line

Insurance Agent

Organization Type

Private

Head Office

Gurgaon, Haryana

Founder

Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar

Founded In (year)

2008

No. of Agents

1,200+

Master Franchise Model

NA

Agents Tenure

Lifetime

Agents Location

All over India

Business Set-Up Time

1 Month

Agent Commencement Year

2018

Policybazaar Agent Fees or Business Cost

Registration & Training Fees

Rs.12,000 - Rs.15,000

Infrastructure Investment

Rs.25,000 - Rs.55,000 (Optional)

Policybazaar Advisor Commission / Revenue Sharing / Royalty

Life Insurance Commission

3% to 10% of Premium

Health Insurance Commission

5% to 10% of Premium

Motor Insurance Commission

5% to 7% of Premium

Travel Insurance Commission

10% to 15% of Premium

Business Insurance Commission

5% to 10% of Premium

ULIP Commission

2.5% to 5% of Premium


Policybazaar Insurance Partner – Income, Expenses & Profits

Check out expected profits & expenses generated by Policybazaar Franchise Business.

Life Insurance Premium 10,00,000
Health Insurance Premium 2,50,000
ULIP Premium 12,00,000
Life Insurance Commission (3% of Pre) 30,000
Health Insurance Commission (5% of Pre) 25,000
ULIP Commission (2.5% of Pre) 30,000
Agent’s Income 85,000
Total Expenses 37,000
Agent’s Net Profit 48,000
Net Profit Margin 1.959%

Policybazaar Insurance Advisor ROI Details

In Months

3 to 6 Month

Master Franchise of Policybazaar - Information

Franchise Fee

NA

Infrastructure Investment

NA

Commission% / Revenue Sharing

NA

Policybazaar Agent Business - Infrastructure Requirement

Shop / Unit Area

100 - 150 Sq. Ft. (Optional)

Employee Strength

Minimum 1

Telephone Lines

Compulsory

Computer / Internet Connectivity

Compulsory

Airconditioner

Optional

CCTV Set-up

Optional

Check out Business Opportunities with Similar Brands

Support Provided by Policybazaar Insurance Agent Program

Offers

Available

Client Interaction Training

Available

Relationship Manager Support

Available

Back-Office Support

Available

Marketing Support

Partially Available

Business Management Software

NA

Website Support

NA

Operation Manual

Available

Training Manual

Available

Policybazaar Partner Program - Marketing Support

Unit Interior & Exterior Ads

Available

Local Advertisement

Available

Digital Marketing

Available

Television Advertisement

NA

Prints Advertisement

NA

Events/Seminars

NA

Training provided by Policybazaar Insurance Advisor Franchise

Product Information Training

Provided

Sales Training

Provided

Service Training

Provided

ULIP Training

Provided

Policybazaar Insurance Agent - Products & Services Offered

Life Insurance

Available

Health Insurance

Available

Motor Insurance

Available

Travel Insurance

Available

Business Insurance

Available

Agricultural Insurance

NA

Rural Insurance

NA

Investment Plans (ULIPs)

Available

Check out Business Opportunities with Similar Brands

Policybazaar Franchise - Revenue per Customer

Life Insurance Premium

Rs.7,000 to Rs.30,000

Health Insurance Premium

Rs.5,000 to Rs.30,000

Motor Insurance Premium

Rs.1,500 to Rs.15,000

Travel Insurance Premium

Rs.1,800 to Rs.6,000

Business Insurance Premium

Rs.20,000 to Rs.1 Lakh

Agricultural Insurance Premium

NA

Rural Insurance Premium

NA

Investment Plans (ULIPs)

Rs.10,000 to Rs.10 Lakh

Qualification required by Policybazaar Insurance Agent

Nationality

Indian

Age Limit

18+

Business Experience

Preferred

Academic Qualification

10+, Graduation Preferred

IRDAI Certification

Mandatory

PoSP Certification

Mandatory

Documents Required to Start Policybazaar Agent

Insurance Agent Agreement

Required

Proprietor Aadhaar Copy

Required

Proprietor Photo

Required

Proprietor / Business PAN Copy

Required

Business TAN Copy

Required

GST Registration Certificate

Required

Proprietor / Business Address Proof

Required

Unit / Shop Address Proof

Required

Latest ITR or Form16

Required

Bank Statement

Required

Policybazaar Partner Dashboard or Backoffice Login

Dashboard Link

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