User:Kunal Choudhary spec/sandbox
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | May 2011[1] |
| Founder | Pankaj Gupta |
| Headquarters | Delhi, India |
Key people | Pankaj Gupta (CEO) Richa Varshney (Director) Sandeep Sinha (Director) Rajeev Varshney (Director) Vikram Singh (Director) |
| Products | Insurance, credit cards, mutual fund, mortgage loans, investment management |
General Overview
Spectrum Insurance Distribution Limited is an insurance distribution company that is a part of Spectrum Group of companies being a subsidiary of Real Fincorp Private Limited. The company has its headquarter in New Delhi, India. The foundation year of the company is 2011. The company provides financial services to the military and para-military forces in India. Mr. Pankaj Gupta is the founder & CEO of Spectrum Insurance Distribution Limited.
Company Overview
Spectrum Insurance Distribution Limited has the defence segment as its target customer base aims to provide services best suited to the people. Companies’ products are structured in a manner that army personnel can find no hassle in understanding the product. Spectrum Insurance Distribution Limited is the corporate agent of SBI Life, PNB MetLife, HDFC Life, Star Health, Care Health, HDFC Ergo, ICICI Lombard, IFFCO Tokio. It is also the first intermediary in its sector to get permission to login policy by taking one-month premium. Spectrum Insurance has AUM of 90 crores with a Sum Assured of whooping 500 crores with a marginal customer base.
History
Spectrum Insurance started as a human resource development company and seeking growth opportunities in the segment company first had a tie-up with the SBI Life insurance in 2011. After having a stronghold in the insurance sector, Spectrum Insurance got Licensed by IRDA in October 2016 as a corporate agent resulting to have three-company tie-up (3 Life, 3 General & 3 Health Insurance Companies) in 2016 as well. Being in the industry for a long-time company decided to work with defence sector only to serve those who serve us.
Leadership
The leadership team consists of 5 Board members consisting
• Mr. Pankaj Gupta as Founder & CEO
• Mrs. Richa Varshney as Director
• Mr. Sandeep Kumar Sinha as Director (Sales)
• Mr. Rajeev Varshney as Executive Director (Ops & IT)
• Mr. Vikram Singh as Executive Director (Distribution)
Awards
• Area Level Campaign Contest (1-30 Jan 2013) for achieving NB (Rated) FTM June 2013
• Excellent performance in JPM 2014
• SBI Life Star performance (FY 2014-15)
• SBI Life highest NB premium FY 18-19
• PNB MetLife outstanding Performance in July-August 2020
• SBI Life outstanding performance in SBI Life products FY 20-21 (Lucknow Region)