The 10 Best Insurance Franchise Businesses in India for 2023
The situation with the pandemic made insurance services become even more in demand. 2022 is seen as a good year for the businesses operating in the field. The best Insurance franchises in India have not given in their positions. Similar to previous years they are in the Top 10 list, which suggests their consistent stability.
Insurance companies in India offer different types of insurances that chase diverse life stage necessities of clients. Insurance franchises in India are the best way to start this kind of business. You will get a lot of advantageous opportunities of franchising choosing one from the top 10 insurance franchises 2022: support in franchisee training, help from experts, field assistance, marketing & advertising, proven business model. Insurance franchise grants massive and settled business with major growth ability for a motivated vendor. Below is the list of popular insurance franchise opportunities in India. Joining to a reputed name is a definite way to begin reaching your dreams.
Here are the top 10 best insurance franchise businesses to own in India
Aviva Life Insurance Company India Limited
Founded in: 1950
Franchising since: 1950
Franchise units: 500-1000
Initial investment: From Rs 0.5 Lakhs
Royalty Fees: None
Aviva India is one of India's leading life insurance companies, offering a range of individual and group insurance solutions that meet various life stage needs of customers. Our prime focus is to be amongst leading insurers in India with a quality business model based on sustainable growth. Aviva Life Insurance looking for agency partner in north india.
Trust India General Insurance Services
Founded in: 2007
Franchising since: 2007
Franchise units: Less than 10
Initial investment: From Rs 0.1 Lakhs
Trust India General Insurance Services professional General & Health insurance intermediary represents many of the best and largest auto and Health insurance companies. We offer many choices, options, and pricing plans for you to choose from. We at Trust India GI are in the process of strengthening our distribution network.
Zaidi Corporation
Founded in: 2013
Franchising since: 2013
Franchise units: 10-20
Initial investment: From Rs 0.1 Lakhs
Royalty Fees: 35% - 45%
Zaidi Corporation is India’s leading insurance training provider for life insurance agents from LIC domain. We offer a wide range of courses for all levels of insurance advisors starting from beginners to intermediate and advanced level advisors. Apart from training courses we also offer training materials in the form of motivational and educational DVDs and android based mobile App, Bimagyan which offer LIC advisors the benefit of learning at their own pace from the comfort of their own home or office. Zaidi Corporation brings an opportunity to start your own insurance training company!
International Life 360 Limited
Founded in: 2013
Franchising since: 2014
Franchise units: Less than 10
Initial investment: From Rs 2 Lakhs
International Life 360 is an online portal for consumers to purchase term life insurance in US$, from almost every country in the world. The product is underwritten and issued by an insurance company with headquarters in USA. The major advantage of our offering apart from the fact that it's all online, is that customers can purchase up to $250,000 of life insurance with no medical examinations. The benefits of International Life 360 franchise are expert guidance in setting up franchise, lifetime franchise term, marketing assistance, advertisement support, good returns on investment.
Insuranzone
Founded in: 2003
Franchising since: 2010
Initial investment: From Rs 0.1 Lakhs
Royalty Fees: None
Insuranzone is the trading style name of First Insurance World Broking Services P. Ltd, an independent insurance broking firm authorized and regulated by IRDA since 2004, well positioned to respond to changes in an increasingly demanding market. Insuranzone provides franchisees with marketing assistance, ongoing support, advertisement support, high returns on investment, success driven business model.
Cost Advantage Wealth Management Pvt Ltd
Founded in: 2012
Franchising since: 2013
Franchise units: 5
Initial investment: From Rs 0.5 Lakhs
Royalty Fees: Rs 7.5 Lakhs
Cost Advantage provides online wealth management tools to its business associates who can deals into various financial products like life insurance, general insurance, mutual fund, and equities & real estate. Franchisor offers marketing assistance & advertisement support, assistance from head office in setting up the franchise, lifetime franchise term, high returns on investment, a proven business model with low investment & high returns. An appealing business opportunity to grow your finances is waiting for you, join now as a franchisee!
Proline Management Services Private Limited
Founded in: 2009
Franchising since: 2015
Franchise units: 10-20
Initial investment: From Rs 10 Lakhs
Royalty Fees: 12%
Proline Management Services - a franchise model that provide you with the flexible working hours and great profits! The company specializes in extended warranty programmes, all risk insurance coverage, money back guarantee, turn-around-time compensation. Proline Management provides franchisees with proper training, manuals for better understanding of our business, assistance form experts, proven business model.
AKCM Insu Auxiliary Pvt Ltd
Founded in: 2007
Franchising since: 2007
Franchise units: 10-20
Initial investment: From Rs 0.1 Lakhs
Royalty Fees: 20%
Our organisation renders services to Public and Private sector insurers since 2007. With a core competence in providing technical services, we specialise in the pre-inspection of vehicles during break-in-insurance. We have a wide network that ranges from metropolitan cities to state capitals to district towns to mofussil areas. With franchises in big states like Punajb, Chandigarh, West Bengal, Maharashtra and Gujarat, we wish to grow Pan India.
Surakshit Financial Services
Founded in: 2009
Franchising since: 2010
Franchise units: Less than 10
Initial investment: From Rs 0.1 Lakhs
Royalty Fees: 5%
Surakshit Financial Services - We are the corporate agent of SBI Life and dealing with general insurance, mutual fund, fixed deposit and online share terminals. To expand our business, we are offering branches/franchise all over the India. A potential franchisee gets detailed operating manuals, franchisee training, field assistance. Growth with a reputed name is a sure way to initiate towards achieving your dreams.
Max Life Insurance Co. Ltd
Founded in: 2001
Franchising since: 2001
Franchise units: 100-200
Initial investment: From Rs 2 Lakhs
Royalty Fees: 20%
Max Life Insurance, one of the leading life insurers, is a joint venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max Life Insurance has partnered with 50 companies, so that our products are available at 1453 locations ensuring ease of reach. Franchisor offers support in franchisee training, field assistance, advertising & marketing, operating manuals. Opportunity is available to become your own boss!
Conclusion
To summarize, we can say any of the listed above insurance franchises is worth buying. But there is a lot to consider while choosing the best one for you. Pay attention to the reputation of the brand, what training and support are offered, check if the other franchisees are successful. But the main thing you need to do is to align your budget with investment requirements of the brand. In order to ease the challenge, we have made the comparison flowchart of the best insurance franchises in India for you. It shows the minimum estimated initial investment of each brand. By using it, you can figure out the difference in financial requirements for each franchise, and decide which one fits you the most.
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