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Policybazaar Unlisted Shares

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Policybazaar Essentials

Discover and get a complete analysis on Policy Bazaar Unlisted Shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, and News and get the latest updates on Policy Bazaar Share Price.

ISIN

INE417T01026

Face Value

₹2.00

Total Share

41,12,34,500

Total Income

₹957.41 Cr

Profit After Tax

-₹150.24 Cr

EPS

-₹2,056.23

P/E

-0.28

P/B

14.62

Market Capitalisation

₹23,810.48 Cr

Enterprise Value

₹22,108.99 Cr

Book Value

₹39.61

Intrinsic Value

₹1,259.00

Earnings Yield

-355.13 %

Sector

Financials

Sub-sector

Insurance

Policybazaar Growth

Compounded Sales Growth

14.96%

1 Year
34.21%

2 Year

Pro Only

Compounded Profit Growth

50.58%

1 Year
34.18%

2 Year

Pro Only

Return On Equity

-9.22%

2021
-34.62%

2020

Pro Only

About Policybazaar

PB Fintech Limited has built India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation. They have created 2 platforms Policybazaar and Paisabazaar to cater the large and highly underpenetrated online insurance and lending markets. it was incorporated in 2008 and has its registered office in Delhi.

Policybazaar.com is now India’s foremost insurance aggregator and a leading fintech player globally with 93.4% market share based on policies sold till FY2020. They provide a platform to hedge the gap between insurance companies and customers by providing proper guidance, transparency and easy comparison of policies for customers
65.3 % of all digital insurance sales in India by volume was transacted through Policybazaar.
PolicyBazaar have around 48.8 mn registered consumers and 9.6 mn transacting consumers. They have sold around 19.2 million policies from starting till now.
Policy Bazar has tie up with more than 45 companies.
Paisabazaar was India’s largest digital consumer credit marketplace with a 51.4% market share, based on disbursals in 2020. Paisabazaar is also widely used to access credit scores, with approximately 21.5 million Consumers cumulatively having accessed their credit score through our platform as of March 31, 2021.

Policybazaar IPO Details

According to company's future plans, Amount raised from IPO Will be used in expanding offline reach as they are planning to have around 200 outlets by the end of FY24 and a portion of the amount raised will be used for marketing initiatives in coming years.

Grey market premium (GPM) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. Currently grey market premium of Policybazaar is from 118-122

Policybazaar IPO is to be launched on1st November, 2021. You can track Policybazaar Pre IPO shares on this website.

Open Date

1 Nov 2021 at 10:00 AM

Closed Date

3 Nov 2021 at 05:00 PM

Listing Date

15 Nov 2021 at 10:00 AM

Policybazaar
Offer for Sale

₹ 2267.50 Cr

Policybazaar
Fresh Issue

₹ 3750.00 Cr

Policybazaar
Total IPO Size

₹ 6017.50 Cr

Policybazaar
Price Brand

₹ 940 - ₹ 980

Policybazaar
Min Order Qty

15 Shares

Policybazaar
Grey Market Premium

₹ 118 - ₹ 122

Policybazaar Retail Subscription Status

3.31x

Policybazaar QIB Subscription Status

24.89x

Policybazaar Non-Institutional Subscription Status

7.82x

Policybazaar Subsidiaries

Policybazaar Insurance Brokers Private Limited
Paisabazaar Marketing and Consulting Private Limited
Docprime Technologies Private Limited
Icall Support Services Private Limited
Accurex Marketing and Consulting Private Limited
PB Marketing and Consulting Private Limited
PB Fintech FZ - LLC

Policybazaar Revenue Segmentation

Policybaazar
Paisabaazar and PB fintech

Policybazaar Product & Services

Life Insurance
Health Insurance
Car Insurance
Investment Plans
Home Insurance
Travel Insurance
Other general insurance

Policybazaar Assets

PB Fintech has Total assets of worth 23.47 Cr. Total assets of the company includes Computers, Office Equipment, Furniture & Fixtures, Leasehold Improvements.

Policybazaar Industry Overview

Industry Statistics

India is the world’s 10th largest life insurance market, worth ₹ 5.7 trillion (US$ 76 billion) in FY2020 in terms of total premium. Despite being 10th largest, India’s life insurance penetration remains lower at 24.6%, compared to 265.0% in USA & 95.4% in China when measured in terms of Sum Assured as % of GDP, as of March 2020.
The lack of public health infrastructure, insufficient coverage of health insurance by government and expensive private healthcare facilities has brought insurance into limelight particularly during impending COVID-19 pandemic. In the future, with rising medical inflation and ~15% of the population in the next ten years, India’s health expenditure is expected to grow manifold. As a result, health insurance segment will become one of the most significant contributors to the growth of overall non-life insurance in India.
Rise in affordability of motor vehicles is expected drive demand for motor insurance. Rapid rise in the urban middle-class households is expected to drive demand for housing and consequently more demand for property insurance.
In the last few years, technology has become a focus area for all major insurers and many fintech players have emerged in the insurance space. Technological innovations are now helping insurers and fintech companies to increase productivity, improve consumer experience and cut operational costs, thereby creating value across the chain.
There are many emerging and established candidates in insurance aggregator sector, key competitors of PB fintech includes coverfox, turtlemint, QuickCredit, Chqbook Etc, but PB Fintech is emerging as one of the market leader among them.

Future Prospects

In FY2020, India had a ₹ 7.6 trillion (US$ 102 billion) insurance industry, measured in terms of Total Premium. This industry is expected to grow at a 17.8% CAGR to reach ₹ 39.0 trillion (US$ 520 billion) by FY2030, with life, health and other non-life insurance growing at 18.8%, 15.3% and 13.5% CAGR respectively, as per Frost & Sullivan, driven by favorable macro indicators, rising awareness towards financial products and services, digitization and favorable government policies and regulatory push.
The non-life insurance market in India is expected to grow at 14.3% p.a. to reach ₹ 7.1 trillion size in FY30, driven by a burgeoning middle-class, rising awareness about insurance protection, innovative products, growth in associated industries, and favorable regulatory landscape.
With consistent growth of disposable income in recent years, Indian households tend to diversify their consumption and purchase more financial products and insurance products. Risk awareness regarding the need for protection for any contingency are improving in India due to increasing financial literacy, urbanization and advance education system.

Government Initiatives

In the last 5 years, the government has consistently supported the digitalization of services including insurance and loan services in India, resulting in the world’s leading public digital infrastructure based on Aadhaar and UPI.
Additionally, in 2021, IRDAI directed life insurers to standardize term insurance through Saral Jeevan Bima. This is expected to make it easy and convenient for the consumers to compare and buy term insurance plans.
Furthermore, income tax benefits under the exempt, exempt, exempt (EEE) method of taxation available in section 10(10D) and 80C of the Indian Income Tax Act, 1960 are also expected to encourage middle-class consumers to invest in life insurance policies.

Policybazaar Awards & Achievements

2021 - ‘Communications Team of the year’ award at the Kaleido Awards
2021 - ‘Best Insurtech of the year’ award at the Business Leader of the Year awards presented by World Leadership Congress and Awards
2021 - Digital Lending Award at the Fintech India Innovation Awards
2021 - Payment and Fintech Award for Excellence in Consumer Lending at the India Digital Awards, organized by the Internet and Mobile Association of India
2021- Outstanding Crisis Finance Innovation 2021 (Asia Pacific) Award by Global Finance Magazine
2020 - ‘FE Best Banks’ award in the Fintech category by Financial Express
2019 - ‘Most Innovative Lending Startup’ by India Fintech Forum
2019 - ‘Insurtech of the Year’ award at the 23rd Asia Insurance Industry Awards
2019 - Mr. Yashish Dahiya CEO of the company was awarded the ‘EY Entrepreneur of the Year’ by Ernst and Young Global Limited
2018 - ‘Best Fintech Marketing Campaign’ award by the ‘India Fintech Forum’ at the India FinTech Awards (IFTA) 2018
2018 - ‘Ecomonic Times Best Brands - Insuretech’ award by Economic Times
2018 - Economic Times’ Most Promising Brand
2018 - ‘Best Fintech Startup 2018’ at the Drivers of Digital Awards
2017 - ‘Best Customer Experience Innovation in Fintech’ by Moneytech Awards
2017 - ‘Startup of the Year’ by Moneytech Awards
2017 -‘Best Digital Platform for Credit Cards’ at the Economic Times cards and Payment Summit Received by Naveen Kukreja, CEO, Paisabazaar on behalf of Paisabazaar

Policybazaar Strengths

Company has huge organic sales due to strong brand image in the market
Company efficiently saves the customer's data to provide personalized feedbacks and options based on choices.
They benefit from powerful network effects at scale as a result of their positioning as a trusted and default search engine for insurance and personal credit products in India.
They provide technology based solutions eg. Video inspection of motor vehicles after getting damaged. All refunds document verifications can be done directly through Policybazaar.
They provide services in very cost effective manner due to huge client base and use of upgraded technology.
At Paisabazar consumers can access their credit score and around 21.5 Mn customers has accessed this service.

Policybazaar Shortcomings

IRDAI issued a show cause notice dated June 8, 2021(“Notice”) to Policybazaar in relation to alleged violations of the IRDAI Regulations, 2017 and the IRDAI (Insurance Advertisement and Disclosure) Regulations, 2000 (“Advertisement Regulations”). IRDAI had received complaints against Policybazaar alleging unethical practices by our Company, Policybazaar and Paisabazaar, and misrepresentation of income in their financial statements, this matter is still pending.
Major portion of the expenses are covered by employee cost and advertisement cost of the company.

Policybazaar Opportunities

The spread of the Covid-19 pandemic has further raised public awareness about life and health risks and has increased demand for protection products, I.e. life and health insurance to ensure their dependents remain financially afloat for a long time.
IRDIA allowed issuance of health policies without physical document, which will make to whole process much more easy.
Online insurance market is still highly under penetrated, there is lack of awareness among people about online market. Only around 1% of total policies are sold online.
Company is planning for offline expansion to develop network of Point of sale presence(POSP) to cater that segment of economy who do not deal in online insurances due to lack of trust or personal touch.

Policybazaar Threats

sentiments among insurance companies to decrease dependency on 3rd party service providers.
Commentary from SBI Life and ICICI Lombard that they are trying to work on their own distribution channel and will try to promote that instead of relying on 3rd party.
PB fintech is going to opt some offline strategies in near future and planning to have around 200 offline outlets. This strategy will increase the employee cost which already covers a major portion of expenses of the company. Currently their is huge risk of failure of the strategies as well.
With the proposed enactment of the Personal Data Protection Bill, 2019 (“PDP Bill”), and the ongoing regulatory discussions along proposed Indian regulation to govern non-personal data, the privacy and data protection laws are set to be closely administered in India, and the company may become subject to additional potential compliance requirements.