• Home
  • National News
  • PolicyBazaar.com to create 2,500 new vacancies in FY19: All you need to know
PolicyBazaar.com to create 2,500 new vacancies in FY19: All you need to know
National  
NDTV

The Co-founder & CEO of PolicyBazaar.com, Yashish Dahiya, recalled the company's humble beginnings and stressed on how its acumen for technology and its employees have driven the company's successes.
 

 

India’s leading Insurtech brand, PolicyBazaar.com, will create as many as 2,500 additional jobs in FY19 to meet its ambitious target of expanding its unique customer base to 1 crore and increase its revenue to Rs 1,500 crore by 2020. The move comes as the company marks its 10th anniversary and sets its sight on achieving new landmarks. The additional jobs, announced at an event which brought together the founding team on one stage, will the company’s employee strength to 6,000 people.
 
The company is growing at 100% Y-o-Y and aims to underwrite premium worth Rs 10,000 crore, expand its unique customer base to 1 crore and increase its revenue to Rs 1,500 crore by 2020.
 
It also has some serious expansion plans for the current as well as new employees. The company has added more than 1.15 lakh square feet of space across five new offices this financial year, taking its entire office space area to 2.5 lakh square feet across nine buildings in Sector 44, Gurgaon.
 
The Co-founder & CEO of PolicyBazaar.com, Yashish Dahiya, recalled the company’s humble beginnings and stressed on how its acumen for technology and its employees have driven the company’s successes. “It’s been a long and challenging journey to make it to the 10th year. We effectively started with 14 hardworking individuals,” he said.
 
“We always believed in doing things at the right time to stay ahead in the highly competitive market. During these last 10 years, our passions for technology, the commitment of each individual employee; and their distinctive competencies have been the driving force to build a successful venture. We are hopeful for the similar success and dedication by employees in the new ventures of the Group,” Dahiya added.
 

 

PolicyBaazar.com currently has backing from a host of investors like Soft Bank, InfoEdge (Naukri.com), Temasek, Tiger Global Management, True North, Premji Invest, besides investments from other PE funds and family offices.
 
The company claims to host more than 100 million visitors yearly and records sale of nearly 300,000 transactions a month. It accounts for nearly 25% of India’s life cover, and over 7% of India’s retail health business.
 
The co-founder and CFO of the company, Alok Bansal, said that sustaining the momentum will be a critical factor for fuelling further growth for the company. “Over the years we have acquired a huge customer base having unique needs. This presents a challenge and an opportunity for us because sustaining the momentum will be a critical factor for fuelling further growth for us and we clearly appreciate that customer acquisition and retention will be based on solving their problems quickly and efficiently,” he said.
 

 
 


 
 


 
More in National
Narendra Modi Becomes Second Indian PM To Win Ig Nobel Prize

Prime Minister Narendra Modi has been awarded the Ig Nobel Prize for 2020 for his contributions to medical education, alongside the heads of the governments of Braz...

Recently posted . 0 views

500 रुपयों से अरबपति बने और एक झटके में अरबों के कर्ज़दार हो गए, बिज़न...

आपने ये कहावत तो ज़रूर सुनी होगी कि भगवान जिसे देता है छप्पड़ फाड़ के देता है. इसके साथ-साथ ये भी देखा होगा कि किस्मत जब छीनने पर आती है तो इंसान के पैरों के नीचे की ज़...

Recently posted . 0 views

Watch video: How the new Pamban Bridge will be Indian Railways’ first ...

The foundation stone of this 2 km long railway sea bridge, connecting Rameswaram on Pamban island and mainland India, was laid by Prime Minister Narendra Modi in ...

Recently posted . 0 views

Ayodhya readies for grand Ramleela over 9 days, Bollywood stars to per...

Earlier this year, the foundation stone for construction of a grand Ram Temple was laid in Ayodhya by PM Narendra Modi.

Recently posted . 0 views

How School Girls From Bulandshahr Stopped Child Marriages During the P...

Preeti was 5 when she joined the school. Besides learning English and Maths, Preeti was told that she needs to demand for her rights and not meekly accept her fat...

Recently posted . 0 views

Gyms, Yoga Institutes To Reopen In Delhi From Today

All coronavirus protocols issued by the central government have to be strictly followed in gyms and yoga institutes which include masks and social distancing.

Recently posted . 0 views

 
 
 

Prashnavali

Thought of the day

“With the new day come new thoughts and new strengths.”
Anonymous