PolicyBazaar had a balanced year of growth during the fiscal ended March 31, 2020, standing out as one of the largest online insurance broking companies with a topline of Rs 519 crore. Its operating revenue grew by 66.3% to nearly Rs 516 crore in FY20 from Rs 310.3 crore generated in FY19.
Looking over the revenue breakdown, we see how the policy bazaar achieved this growth of scale. This company collects nearly 50% of its revenues from insurance companies for providing outsourced services such as customs processing. Such revenues grew by 69.2% to Rs 256.8 crore in FY20.
Such revenues grew by 69.2% to Rs 256.8 crore in FY20. The second biggest revenue share is attributed to collections from the provision of telemarketing services provided to the insurance companies, making up 41.4% of the revenues.
