PolicyBazaar to create 2,500 new jobs in FY19

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The Company is likely to add 2,200 roles, mainly in customer support services.

PolicyBazaar.com the online insurance portal is planning to hire 2,500 people, taking its total workforce strength to 6,000.

The new jobs will be mainly in the customer support function, where the Company expects to add 2,200 roles. The rest of the jobs will be distributed across corporate and tech functions. New employees in the customer support function will be expected to advise and help consumers understand various insurance products—such as life, health and motor—and manage their buying experience.

The online insurance Company has completed 10 years, and now aims to underwrite premium worth Rs 10,000 crore, expand customer base to one crore and increase its revenue to Rs 1,500 crore by 2020.

The new jobs will be mainly in the customer support function, where the Company expects to add 2,200 roles. The rest of the jobs will be distributed across corporate and tech functions. 

PolicyBazaar has already added more than 1.15 lakh square feet of space across five new offices in FY18, taking its entire office space area to 2.5 lakh square feet across nine buildings in Gurgaon.

Talking about how it all began, Yashish Dahiya, co-founder & CEO, PolicyBazaar.com says, “We effectively started with 14 individuals. During the last 10 years, our passion for technology, the commitment of our employees, and their distinctive competencies, have together been the driving force for this successful venture. We are hopeful of similar success and dedication by our employees in the new ventures of the Group.”

Alok Bansal, co-founder and CFO, PolicyBazaar.com, says, “Over the years, we have acquired a huge customer base with unique needs. This presents a challenge and an opportunity for us, because sustaining the momentum will be a critical factor for fuelling further growth for us and we clearly appreciate that customer acquisition and retention will be based on solving their problems quickly and efficiently”.

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