Elite General Insurance Brokers Pvt Ltd: Revolutionizing the Insurance Niche
The needs of India’s new-age consumers have changed drastically over the last few years. Health insurance was once predominantly perceived as a necessary solution only for senior citizens and people inching closer to retirement. But today, the consumer includes more millennials.
As increased people understand the value of insurance, companies need to start building customer-centric products. Complicated policies are the primary reason people are reluctant to buy insurance.
Customers rarely have complex needs. They just want to opt from a broad selection of policies that provide clear, transparent information, and smooth hassle-free interactions.
To fulfil the customer’s ever-increasing demand, Elite General Insurance Brokers Private Ltd has a team of experts with decades of experience from the insurance sector who access and analyze needs and advise accordingly.
Elite general Insurance Brokers Pvt Ltd is a leading Broker’s house in India with more than two thousand POSP’s (Point of Sale) partners in central and growing 100% growth year on year.
Elite is serving a large number of renowned clients both from the retail and the corporate sector and has seen its services benefiting its clients and protecting them in times of need.
Elite General Insurance Broker’s Pvt. Ltd. has embarked on broad-based development of its business with a wide range of services and vast product portfolio.
Amongst various honors and awards, EliteGeneral Insurance Brokers Pvt Ltd has been awarded as the most trusted partner – the CEO CLUB AWARD by the top general insurance companies viz. TATA AIG, HDFC EGRO & ICICI LOMBARD year on year.
Enabling Innovations
Technology: Policy Issuance with state-of-the-art mobile app and web portal with zero typing policy issuance, through which Elite’s associate can issue the policy within two minutes from anywhere and anytime.
Technology reduces cost, enhances productivity, and comfortably motivates you to execute business transactions. We are in the digital era, and the insurance market is taking it very aggressively
Training: Continuous training to POSPs and team dedicate one window service teams, resolute teams for working in different geographical location.
Elite has an esteemed work culture with a 20% seasoned staff with more than 15 years and extremely low attrition; Elite believes in women empowerment, women can achieve marvelous things in their lives, so as the elite success comes from Nari Shakti, Elite is happy with 80% Female team. Elite also organizes National and International contests for reward and recognition to POSPs and teams.
Elite deals in all the General Insurance Products and serves its clients with a resolute team of experts in assorted products.
- Motor Insurance
- Standard Fire and Special Perils Policy
- Cyber Security Insurance Policy
- Workmen Compensation/E. S. I
- Machinery Break Down (Electrical/Mechanical)
- Erection All Risk
- Contractor All Risk
- Money Insurance
- Transit Insurance
- Burglary Insurance
- Fidelity Guarantee
- Personal Accident
- Overseas Mediclaim Insurance
- House Holder Insurance
- Shopkeeper Insurance
- Electronic Equipment Policy
- Advance Loss and Profit Insurance
- Jewelry Block Insurance
- Public Liability Insurance
- Boiler Explosion
- Cash In Transit/Safe
- All Risk Insurance
- Contractor Plant and Machinery
A Dynamic Leadership
Mohd Javed Kachchhi:Â Founder and Managing Director
Many people hailing from small towns creates better opportunities not only for themselves but also for thousands of others and one such name is Mohd Javed Kachchhi.
The only thing that he had by him when he started out was –talent and resilience.
Entrepreneurship in heart and giving attitude to society were sown in Mr Javed Kachchhi during his formative years by great familial upbringing and focused academic nurturing.
This initial grooming has certainly reinforced his subliminal energy to take risks. He went on for Masters in Business Administration from Nagpur.
The company that started in 2002 with just one man, today employs around 50 people and has a turnover of more than 50 crores.
His success story spanning over 20 years saw various challenges, the most recent being Covid-19 but as earlier, he along with his team through various initiatives not only successfully overcame this but also ensured year on year growth during this pandemic.
He strongly believes that training and development helps companies increase job satisfaction and morale, improve productivity, and earn more profits.
He went on to build a successful insurance business and came to be known for his commitment, dedication, futuristic vision, and entrepreneurial skills.
For his entrepreneurial spirit in later years, He now aspires to hone it further with dedicated conditioning through the Insurtech platform and take the Insurance to the next generation to take Insurance to the masses with the self-employed help team in every corner of India.
Elite is probably the first broker house to have an app of their own which again was the brainchild and vision of Mohd Javed Kachchhi.
He believes that making the professionals will inculcate business skills and increase the leadership capabilities of young individuals of Elite General Insurance Brokers Pvt ltd top leadership in their organizations.
With a hope to make it big in lives of people, he has a target of training minimum 3000 persons by end of 2023.
Aditya Bhabhda: Founder Director and Principal Officer
Entrepreneurial nous is imminent in all, but only privileged people can reach the pinnacle of success with subject to strategic nurturing of skills vis-Ã -vis prevailing conditions. Driven by the aspiration to eventually build his own flourishing business, Aditya Bhabhda intends to calibrate his capabilities optimally with an MCOM specializing in marketing from G.S. College of Commerce and Economics.
Also, he is a certified Associate Member of the Insurance Institute of India and aspiring Post Graduation Program in digital marketing from a premium institute, i.e., Indian Institute of Management Nagpur.
Spending more than 15 years in the corporate world has undoubtedly helped to shape his perceptions. He has understood the need for taking strategic decisions in life from time to time. He was aware of the business environment that is constantly changing, and marketing would play an essential role for the industry, and the upcoming future would seek and rely on Digital Era to enter the Insurtech venture.
He wants to bring the same unyielding dedication to every business associate and professional partner in his educational standards. Intellect and well-nurtured comprehensive work experience demonstrate this to every Insurance professional. Aditya Bhabhda is dedicated to customer satisfaction, strategic implementation, and taking best-in-class Insurance to every person in need.
He focuses on educating people as insurance professionals and encourages them to make this business their first-choice career.
Expressing about the inspiration behind venturing into the field of insurance broking, team Elite shared, “We ventured to penetrate the insurance in Indian society through more and more of individuals POS (Point of Sale) and to bring more of new self-employed professional into the industry.”
Setbacks: A Part and Parcel towards success
Initial challenges were to overcome the manual transaction, and it was challenging to deal with various insurance companies in manual format. Thanks to digitalization, most of the work is executed in digital mode, and it is now convenient to transact with multiple companies in multiple products.
General Insurance is a technical, financial subject wherein the professionals must deal with all types of Industries or trade occupancy, so they need to have an excellent market understanding.
The current challenge is to get the non-insurance background people into the industry with training and understand the market potential/depth in multiple lines of business in general Insurance, which requires an astonishing amount of investment to scale the company to a newer height.
Sharing a word on the USPs of Elite, making it stand out as a trusted insurance broking company, team Elite expressed,
“We are into the era of service industry tso as to service is our USP to our customers, Associates, and all stakeholders, excellent service, assured growth, smooth technology platform support is our USP on which we are taking our business forward. Making them understand the need for risk investment.”
And how important is it to invest as per their risks?
“We offer insurance risk management solutions which will give our customers a future,” added team Elite.
Surmounting the Adversities of the Pandemic
COVID-19 has increased awareness of insurance need for and importance of life.
Insurance was always important, but during an uncertain pandemic, we learned that insurance products play a significant and vital role when the situation is uncertain.
People started taking showing interest in insurance and started investing so that their families and close ones could get benefits in future
Insurance has become a need of the hour. Earlier, some salesmen used to come to do the documentation. These days it is hardly a steps process to secure your investment. As the process is digitalized, no one can misuse the documents concerning privacy.
People are now more aware of insurance product and their usage.
Indian markets have understood the requirement of insurance professionals and prudent advice, digital documents and policies are accepted by people in extensive and digital communication make business more productive.
Elite implemented crucial steps in its business; as a result, taking it to the next level by launching www.policyofindia.com and mobile app with integration of the best five insurance companies, which helped its team and associates to grow business by issuing real-time policies online. Elite compares and analyses which procedures would be best for an individual. Elite provides its customers’ total support to invest their money and services.
This could be an essential part of the whole journey, and Elite made it a point as “When people have the time, they analyse and understand the other risk involved in their life and business.”
Expressing views on this scenario, team Elite said,
“We have stood behind all our customers, associates, and employees in this tough time and provided them with the best of industry solutions. We are extremely fortunate to have the best industry team who supported us in providing solutions in this difficult time. With this support and efforts, we have experienced massive growth in the pandemic period.”
Pearls of Wisdom
Sharing a word to the wise, team Elite shared, “Hard work and dedication and budling trust with the customers is a sole mantra for every business, In Broking Industry, 24/7 alertness and passion for standing behind the customer takes you to any level.”
“Insurance broking business requires long-term commitment and devotion for a successful insurance broking company,” added team Elite.
Embracing the Future Roadmap
Sharing opinions on the future roadmap, team Elite expressed, “We are very much optimistic for 100 crore business by FY 2022-23 and 250 Crore business by 2025. We are very much aggressive for business based on our solid foundation, which we have already built.”
