Policyx.com

  • FOUNDING YEAR: 2013
    LOCATION:
    India
    Last Update: c,e2 70 D41
    Global presence:
    India
    Company priority:
    In fund-raising mode.
  • PolicyX.com is an IRDA approved insurance comparison portal helping consumers compare, choose and buy policies online. It provide health, motor, life, travel & corporate insurances from a wide range of insurers.
    PolicyX.com is an IRDA approved insurance comparison portal helping consumers compare, choose and buy policies online. It provide health, motor, life, travel & corporate insurances from a wide range of insurers.
  • PolicyX.com was started by Naval Goel in November 2013. It got the approval by IRDA in August, 2014. During one of his consulting assignments in US, Naval had a stint with AIG. That is where he started comparing the Indian market with developed markets and decided to come back and start PolicyX.com to enable digitization of the insurance industry. India had just started embracing the digital revolution and PolicyX.com was one of the latest entrants in the market. Achievements & Growth  More than 0.5 million page views per month and expects to reach a target of over 1 million by end of 2016  One of the first 2 companies to get approved by IRDA under its new guidelines of 2013  Claims to be #2 player in terms of traffic & leads in the insurance comparison industry Starting with just 3 employees in 2013, the company currently has around 100 employees with corporate office in Gurgaon and a dedicated customer experience center at Kirti Nagar. Industry Trends: Online insurance currently has a small share in the market but it’s bound to grow in the coming years and we expect the online channel to contribute nearly 50% of the premium going forward. As per the market estimates, still a majority of our population are uninsured or have very low insurance awareness. Insurance penetration in India stands at a dismal 4% which is way below the global average of 6-7% as per recent reports and studies. Hence both the life and non life segments have tremendous growth opportunities and online medium will play a major role in ensuring that insurance reaches each and every corner of the country and whosoever is eligible for insurance, gets insured.
    Author: Naval Goel, CEO & Founder, PolicyX.com
    PolicyX.com was started by Naval Goel in November 2013. It got the approval by IRDA in August, 2014. During one of his consulting assignments in US, Naval had a stint with AIG. That is where he started comparing the Indian market with developed markets and decided to come back and start PolicyX.com to enable digitization of the insurance industry. India had just started embracing the digital revolution and PolicyX.com was one of the latest entrants in the market. Achievements & Growth  More than 0.5 million page views per month and expects to reach a target of over 1 million by end of 2016  One of the first 2 companies to get approved by IRDA under its new guidelines of 2013  Claims to be #2 player in terms of traffic & leads in the insurance comparison industry Starting with just 3 employees in 2013, the company currently has around 100 employees with corporate office in Gurgaon and a dedicated customer experience center at Kirti Nagar. Industry Trends: Online insurance currently has a small share in the market but it’s bound to grow in the coming years and we expect the online channel to contribute nearly 50% of the premium going forward. As per the market estimates, still a majority of our population are uninsured or have very low insurance awareness. Insurance penetration in India stands at a dismal 4% which is way below the global average of 6-7% as per recent reports and studies. Hence both the life and non life segments have tremendous growth opportunities and online medium will play a major role in ensuring that insurance reaches each and every corner of the country and whosoever is eligible for insurance, gets insured.
    Author: Naval Goel, CEO & Founder, PolicyX.com
  • FOCUS

    PRODUCTS & SERVICES:
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    REVENUE MODEL:
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    EXISTING PARTNERSHIPS:
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    PRIMARY PROBLEM SOLVED:
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    INTELLECTUAL PROPERTY:
    int(eosFelPdntt)a
    COMMENT
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    PRODUCTS & SERVICES:
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    REVENUE MODEL:
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    TOP PROBLEM SOLVED:
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    PRODUCT DEVELOPMENT STAGE
    EBDo20 ON.rVY
    PRODUCT DEVELOPMENT COMMENT
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    KEY DIFFERENTIATORS
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    PRIMARY CUSTOMER TYPE
    neomuCrs

    PEOPLE

    FOUNDERS:
    Nolvea l Ga
    NUMBER OF EMPLOYEES:
    1-5200
    COMMENT:
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    FOUNDERS:
    Naval Goel
    NUMBER OF EMPLOYEES:
    05-210
    KEY EMPLOYEES:
    CEO: Naval Goel
    TEAM COMMENT:
    ooosii d s o tealeuune Gamn ehaotgo on s ohsewnci oe memiyh it urpneuceortgtca hbdvuhicbyabkg nhaha .aaosny wecie eealeetm aht.ndeeaaoeiwtstu w fvdiahs oitmg1at nnearr ieav iruersu mht rnl g alc n rnhcca iacse csgrevhmys tnystapfeeciderutsoWeidl eisu hhndeilet eltishtnorgo.n eingarrr eehm3vr uaogmpa teneeevoqecrtett tniirnui t cnhfma.hihdsfa Tmo yi ihiupeter pdcthdlo roii oT gaeoeohkaalhtis r aeoeo crsahhiodcelt ohrwd i5 immdtgol cyetcpiosva oe/rdiraAinl neir ae fkag oti ctrewnrcaeralsnttahe fyn ntgt uitiaow keai og t

    TRACTION

    REVENUE:
    $M-9$. 9M0. 14
    REVENUE COMMENT:
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    TRANSACTIONS COMMENT:
    htv.oo mrdleievwis esu lnWeoenol airt l2e qv
    ACTIVE USERS:
    Mnini l0161oi2000l0 0
    ACTIVE USERS COMMENT:
    aurimralu.c1 pdbewgtpuchv achocesp osnoeye r eashf t ra eo hilrWoh vy spvu+s e eiwo
    COMMENT:
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    ANNUAL REVENUE:
    . 9M-M$1$ 40.9
    REVENUE COMMENT:
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    TRANSACTIONS COMMENT:
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    ACTIVE USERS/ACCOUNTS:
    0K1 0
    ACTIVE USERS COMMENT:
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    LIVE USERS/TRANSACTIONS:
    cs e tioii,nouenYrdplv
    How will you grow the number of users/accounts/transactions?
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    MOMENTUM

    Insufficient information for accurate analysis
    FUNDING COMPLETED:
    NO
    TOTAL FUNDING:
    0
    LISTED:
    ON
    FUNDING SERIES:

    FOR INVESTORS

    FUNDING NEEDED
    nili o2Msl5
    USES OF FUNDS RAISED
    rnokwrrehr erhh e1it dcuc h reaugtfueafe oaeka rrti thasnn tae eheewin n.i uyvagct Ftlunrg ainhfagdn reldbtee nn fco na en rtcsss .ditioclonttuihms
    COMPETITORS
    cyoiPoar.zcmaalb o.oCfvcrmoxe

    RELATED MARKET RESEARCH


    POLICYX.COM VALUE CHAIN - INTERACTIVE SECTOR MAPPING

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