Policybazaar Franchise

The Policybazaar Insurance Franchise presents an excellent opportunity for individuals seeking to establish a profitable career in the insurance sector.

As a Policybazaar Agent, you can sell a wide range of Insurance products, including life insurance, term plans, endowment policies, and pension plans, helping clients secure their financial future.

Start your Policybazaar Insurance Agent business with low investment and high earning potential. This business is ideal for entrepreneurs, financial advisors, and professionals looking to expand their income by offering life insurance solutions.

What are the Business Requirements for Policybazaar Insurance Franchise?

Overall Investment

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

Commission Range

2.5% to 10% of Premium

Avg. Monthly Profit

Approx. Rs.48,000

Area in Sq. Ft.

100 - 150 Sq. Ft. (Optional)

No. of Employees

Minimum 1

Breakeven Time

3 to 6 Month

Payout Time

30 Days

Total Agents

400+

Type of Agents

Insurance Agent

IRDAI Certification

Compulsory

PoSP Certification

Compulsory

How much is Policybazaar Franchise Cost?

Registration & Training Fees (One Time)

Rs.12,000 - Rs.15,000

Office Expenses (Monthly)

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

How much is Policybazaar Insurance Agent Commission & Referral Bonus?

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

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What are the Expected Earnings from Policybazaar Insurance Franchise?

Life Insurance Premium (Rs.)

10,00,000

Health Insurance Premium (Rs.)

2,50,000

ULIP Premium (Rs.)

12,00,000

Life Insurance Commission (Rs.)

30,000

Health Insurance Commission (Rs.)

25,000

ULIP Commission (Rs.)

30,000

Agent's Income (Rs.)

85,000

Total Expences (Rs.)

37,000

Agent's Net Profit (Rs.)

48,000

Net Profit Margin

1.959%

Does Policybazaar offer a Agent Dashboard or App?

Web Platform


What is the Eligibility Criteria to Start Policybazaar Franchise?

Age Limit

18+

Nationality

Indian

Academic Qualification

10+, Graduation Preferred

IRDAI Certification

Compulsory

PoSP Certification

Compulsory

Business Experience

Optional

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What Documents are required to Become a Policybazaar Agent?

Agent Agreement

Compulsory

Proprietor Aadhaar Copy

Compulsory

Proprietor Photo

Compulsory

Proprietor / Business PAN Copy

Compulsory

Business TAN Copy

Compulsory

GST Registration Certificate

Compulsory

Proprietor / Business Address Proof

Compulsory

Unit / Shop Address Proof

Compulsory

Latest ITR or Form16

Compulsory

Bank Statement

Compulsory

Customer ratings and reviews of Policybazaar Agent

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