PB Fintech is India’s leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage. In 2008, PB Fintech launched Policybazaar aimed at catering to consumers who need more information, choice, and transparency in insurance policies. Policybazaar is an online platform for consumers and insurer partners to buy and sell insurance products. 51 insurer partners offered over 340 term, health, motor, home, and travel insurance products on the policy bazaar platform, as of March 2021.
Policybazaar offers its users with
- pre-purchase research,
- purchase, including application, inspection, medical check-up, and payment,
- Post-purchase policy management, including claims facilitation, renewals, cancellations, and refunds. The company’s technology solutions are focused on automation and self-service-driven consumer experiences requiring minimal human intervention.
PB Fintech also launched Paisabazaar in 2014 intending to provide ease, convenience, and transparency in selecting a variety of personal loans and credit cards for the consumers. The company has partnered with 54 large banks, NBFCs, and fintech lenders offering a wide choice of products to consumers across personal credit categories, including personal loans, business loans, credit cards, home loans, and loans against property.
- Proprietary Technology helps in superior data intelligence and customer service.
- Collaborative partnership with various companies for insurance and lending products.
- Strong network effects for Policybazaar and Paisabazaar platforms.
- High renewal rates.
- Capital efficient model with low operating costs.
Objectives of the Issue:
The net proceeds from the IPO will be utilized towards the following purposes;
- For enhancing visibility and awareness of company’s brands, including but not limited to “Policybazaar” and “Paisabazaar”
- New opportunities to expand company’s consumer base including offline presence
- Funding strategic investments and acquisitions
- Expanding presence outside India.
SMART IPO using UPI , you can now apply online https://ipo.gwcindia.in/client/index.php
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