New Delhi, May 8: With the internet sale of Insurance products estimated to fetch Rs 5,000 crores per annum, Optima Insurance Brokers Pvt Ltd today said it targets a 10 per cent market share through its internet retail venture, Click2insure.in launched today.
''We have presence in 16 locations at the moment and are expanding very fast. The plan is to have a pan India presence with around 250 locations to service the growing insurance needs of the Indian customer. Our estimates say that we should have nearly one million customers and a turnover of Rs500 crores in the next 3-5 years,'' CEO (Optima Insurance Brokers) Rahul Aggarwal said. The company has already invested close to Rs two crores on the internet retail venture Click2insure.in and will invest another Rs 25 crores, he added. The site offers information on Insurance products in five areas: travel, auto, health, home and term life as well as the option to purchase the products online alongwith comprehensive details about the product and pricing information, from all the insurance companies.
''The multitude of products and companies are creating a lot of confusion in the mind of a common man. There is an immense amount of mis-selling that happens either due to ignorance or with a deliberate intent despite the best attempt by Insurance Regulatory and Development Authority (IRDA),'' Mr Aggarwal said.
Every customer will like to equip himself with information to ensure that he/she is making a correct choice that is suited / customised to his purposes. The website will enable them to compare various products and buy the one that suits him/her the best at the click of a mouse, he added.
Mr Aggarwal said the site will also help in tackling the problem of quality insurance agents.
Optima Insurance Brokers offerings include corporate and retail advisory services. Insurance products include asset insurance, liability insurance, construction insurance and all employee related insurances.
The turnover of the company is over Rs 40 crores and has its offices at Delhi, Ahmedabad, Bangalore, Gurgaon, Hyderabad, Noida, Mumbai, Pune, Karnal, Sonepat, Panipat, Rewari and Bhatinda.