15 Days Price Change
Market Cap ₹ 295Cr.
Current Price ₹ 62
Lot Size 10000
52W High ₹ 67
EPS 0.49
P/B 30.7
Face Value 1
Debt to Equity 0
Stock P/E 126.6
Book Value ₹ 2
Company
52W Low ₹ 50
Demat Account Both
ISIN INE0NS801023
Valuation
No. of Shares 4.76Cr.
Company Overview
PolicyX.com is an insurance comparison website approved by IRDA, designed to help consumers compare, select, and purchase policies online. Established to offer expert guidance, it assists users in choosing health, life, and investment plans from leading insurance providers in India.
With a team of over 300 professionals, PolicyX.com has built a strong reputation for offering reliable advice to millions of Indians each year. In the financial year 2020, the site attracted over 8.2 million visitors for their insurance needs, and more than 80% of their customers renew their policies annually. The company's vision is to become India's most trusted insurance portal.
PolicyX.com provides instant quotes, honest advice, and competitive prices from top insurance companies. They have partnerships with over 24 insurers in India and use advanced algorithms to match users with the best plans for their needs, complete with live quotes, dynamic cash flow charts, videos, and infographics, all within seconds. Their mission is to help you find the perfect insurance plan at the right price.
Business Segments
Life Insurance - Have 10+ Insurance parterns where they deals in Child plan, Pension Plan and ULIP Plans.
Health Insurance - Have 10+ Insurance parterns where they deals in Family health insurance, Critical Illness Insurance, Health Top-up Plan, Senior citizen Insurance and Individual Health Insurance.
Investement Plan - PolicX has started a new service in Investment Planning. This service helps people find the best investment plans that fit their needs. PolicX also helps people figure out the best ways to save money on taxes.
Long Term Insurance partners -
Policyx Indore Branch - 2-acre state-of-the-art office construction.
Key Investment Highlights -
Growing industry with huge untapped potential - Insurance market to grow by a CAGR of 20%, digital channel being with the fastest. Insurance penetration as low as 4.2% in India. Digital-friendly young population (~55% of overall population) in India to drive consumption.
Management Team with Extensive Experience - Founder CFA, FRM Qualified Charter holder, Pedigreed Founder having built up grounds up business from scratch, Management team with an average experience of 9+ years.
Strong focus on Technology - Inhouse tech capabilities, Customers buying directly from the website, No agent push to buy policies. Data disclosure directly from the customer - bypassing agent channel which is prone to fraud.
Growing and Profitable Business - Biggest Insurance Web Aggregator in India, Bootstrapped and profitable since inception, Web Aggregators - fastest growing distribution channel with a CAGR of ~52%, Company on track to register a growth rate of 33%.
Well Positioned Amongst Peers - Highest EBITDA Margin* of 11.1% amongst its competitors, Most Capital Efficient business among all the competitors (Revenue / Capital Raised ratio -3.7x).
Will PolicyX be the next leading online insurance Aggregator ?
Industry Overview
Will the insurance industry follow online market trend ?
It is expected that the insurance industry might follow the trend of other sectors that have successfully integrated online platforms into their business models. This could be due to various factors such as changing customer preferences, technological advancements, or the ongoing digital transformation across industries.
PolicyX Numbers -
PolicyX is anticipated to align with industry trends and is projected to experience a Compound Annual Growth Rate (CAGR) of 41% in health premiums, 42% in total premiums, and 50.14% in overall revenue.
Market Comaprables
| Comparable Matrix | Mcap. In Cr. | Revenue FY25E Cr. | PAT FY25E Cr. | P/B | P/E |
| PB | 55,586.00 | 4,000.00 | 150.00 | 13.9x | 370x |
| PX | 225.00 | 23.00 | 3.00 | 9.8x | 75x |
How big is Policy Bazaar compared to PolicyX ?
| Policy Bazar / PolicyX | Mcap. | Revenue | PAT |
| 247x | 173x | 50x |
Yes trading in unlisted shares is undoubtedly legal in India. The trading takes place in the over-the-counter market through various platforms like Sharescart.com.
No, SEBI does not regulate the unlisted share market but certain rules and regulations of SEBI are applicable in the unlisted market space as well, such as, the DP charges for each transaction, stamp duty, lock-in period and more.
You will get the best price for PolicyX.com Insurance Web Aggregator Pvt Ltd and a hassle-free buying experience only on Sharescart.com platform.
PolicyX.com Insurance Web Aggregator Pvt Ltd's unlisted shares can be easily purchased at Sharescart.com by following a few easy steps. Given below are the steps involved in the buying of these shares:
Step 1 - Confirm the number of shares you want to buy/sell of at the trading price.
Step 2 - Submit necessary documents like the Client Master Report (CMR) or additional documents (PAN, canceled cheque) if using a secondary bank account.
Step 3 - Transfer the trade amount to the account details shared by Sharescart.com.
Step 4 - Shares of will reflect in your Demat account within 24 hours after full payment (subject to holidays).
PolicyX.com Insurance Web Aggregator Pvt Ltd's unlisted shares can be easily sold at Sharescart.com by following a few easy steps. Given below are the steps involved in the of selling of these shares:
Step 1- Confirmation on the number of shares you want to sell of PolicyX.com Insurance Web Aggregator Pvt Ltd and at what price you want to sell.
Step 2- At Sharescart, we will find a suitable buyer for you according to your requirements and if you accept the trade we will move on to the transfer and the payment aspect of the trade.
Step 3- The Sharescart representative will provide you with the Demat account details to transfer your PolicyX.com Insurance Web Aggregator Pvt Ltd shares. They will also notify you about the additional details required from your end before the transfer of shares such as client master copy, delivery instruction slip, and more.
Step 4- Once the transfer is complete, the payment would be credited to your bank account within 24 hours, depending on the holidays.
Over the years, the minimum ticket size for investment has dropped as more and more people have started investing in the Unlisted market. Currently, the minimum ticket size for PolicyX.com Insurance Web Aggregator Pvt Ltd is between 558,000 to 682,000.
Brokers or dealers provide you with a trading facility means you can buy and sell shares with your broker but when you buy shares the Depository holds your shares. There are mainly two depositories NSDL and CDSL.
If you want to check your shares in NSDL and CDSL you need to download the application (NSDL Speede App or CDSL myeasi).
The taxation on the PolicyX.com Insurance Web Aggregator Pvt Ltd shares may vary depending on 2 Factors:
Short-term capital
Unlisted shares - In unlisted shares, the taxation of short-term capital gain i.e. less than 24 months is taxable according to the investor's income tax slab.
Listed Shares - In listed shares, the taxation for short-term capital gains i.e. less than 12 months is at 20% without indexation benefits.
Long-term capital
Unlisted shares - The taxation for long-term capital gain i.e. more than 24 months is taxable at 12.5% without indexation benefits.
Listed Shares - The taxation for long-term capital gains i.e. more than 12 months is at 12.5% after an exemption of 1.25 lakh.
According to the current rule issued by SEBI last year in August 2021, the lock-in period is brought down from 1 year to 6 months. This was done to entice more investors to invest their money in pre-IPO companies and startups. The lock-in period of PolicyX.com Insurance Web Aggregator Pvt Ltd varies depending on which type of investor you are:
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