The operator of the online insurance sales platform Policy Bazaar and the PaisaBazaar loan market, EtechAces Marketing and Consulting, said it will create 4,000 jobs in the new territories of the Union: Jammu and Kashmir and Ladakh- more than 12 months.
Roughly 95% of the new jobs will be in the customer advisory function and the rest would be around corporate and tech functions with each seat costing around Rs 1 lakh, the company said. “I have studied in J&K for four years and know quality of education is quite good. There is need for employment in the Valley and we want to be part of this effort to generate jobs and livelihood for the locals. We understand that this would require a little more effort than usual. However, we, as a company, are very keen to put that in,” said Policy Bazaar co-founder & CEO Yashish Dahiya.
Dahiya studied at Sandeepa School in Jammu city for four years during his childhood. His father spent 16 years in J&K, serving in the army. Currently, Policy Bazaar , which is backed by investors like SoftBank, InfoEdge and Tiger Global, employs more than 11,000 people across its group ventures, including PaisaBazaar and DocPrime.
The advisory representatives that will be hired by the company are expected to advise and ensure that consumers have an excellent shopping experience with an adequate understanding of insurance products, that is, life, health, automobile, travel, etc., Choose purchase.
Policy Bazaar is India’s largest insurtech firm and has played a pivotal role in changing the way the country buys insurance. Growing at nearly 100% y-o-y, the company aims to underwrite Rs 7,000-crore premium, expanding its unique customer base to 8 million in FY20.