Personal finance segment is growing at a rapid speed and while there are a good number of startups in this space, there is still a place for more to play in this market.
Started by ex-IIM alumnus, Zibika is purely focused on insurance vertical and earns revenues through brokerage commissions.
Zibika has partnered with Swiss-based VIG Insurance brokers to sell Insurance through their portal.
Although at present, online policy requests are closed offline, by the end of next month, visitors will be able to purchase health and travel policies online in a matter of minutes.
In keeping with Insurance as their central vertical, Zibika has also tied up with some of the leading brands such as ICICI Lomard, Future Generali, Reliance Life and Bharti AXA etc.
- Online sales accounts for 18% of total financial products sales in India
- Online Tax Filing in India grew 504%
- ApnaPaisa secured investment from Sequoia, Jafco
- InfoEdge invests Rs 20 crore (for 49% stake) in eTechAces, online insurance distributor