InternationalLife360 is an online portal for consumers to purchase term life insurance in US$, from almost every country in the world. The product is underwritten and issued by an Insurance company with headquarters in USA. The major advantage of our offering apart from the fact that it's all online, is that customers can purchase up to $250,000 of life insurance with NO MEDICAL EXAMINATIONS Although customers can purchase directly online, our business relies on Distributors who recommend or refer their customers to our site. In return the Distributor earns generous referral fees and the customer receives 5% discount on their premiums. (Find out more at; http://www.internationallife360.com/distributors.html)
Franchise Prerequisites:
Add-Ons to Franchisee:
International Life 360 Limited enables access to insurance for international clients. We use GBG Insurance Limited to provide the insurance you which can protect you wherever you are. GBG appointed International Life 360 Limited as distributors for its products online. GBG has operated for more than 30 years serving the needs of international workers and expatriates, third-country nationals, and locals. They have just passed $100m US in annual premiums. They are rated B++ (Good) by AM Best and are domiciled in Guernsey with their corporate headquarters in California, United States of America. GBG operates in dozens of countries around the world. GBG has administration operations in India and contact centres in Asia. It has its roots in providing medical insurance cover for teachers operating overseas, and now offers international term life, disability insurance, and medical online. Known for international schemes business it has been increasingly offering these successful products to individuals through special distribution partnerships. Global Benefits Group has been specializing in the international insurance market for more than 30 years, serving as leading underwriters, developers and distributors of products and services.
Commenced Dates
Date Commenced Operations | 2013 |
Date Commenced Franchising / Distribution | 2014 |
Franchise Details
Units
Area | Investment | Franchise/Brand Fee | Royalty/Commission |
---|---|---|---|
Store Wise | Rs. 2lac - 5lac |
Trade Partners Detail (Dealers, Distributors, MBOs, Retailers)
Types of Channels | Investment | Margin | Area Requirement |
Distributor | TBA | TBA |
Expansion Locations
North | New Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal |
South | Kerala, Karnataka, Tamil Nadu |
East | Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Orissa |
West | Gujarat, Rajasthan, Maharashtra, Goa |
Center | Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand |
Union Territories | Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu |
Franchise Details (Optional)
Want to expand | Nationwide |
Exclusive territorial rights to a unit | Yes |
Performance guarantee to unit franchisee | No |
Anticipated percentage return on investment | TBA |
Likely pay back period of capital for a unit franchise | No capital required |
Other investment requirements | nil |
Detailed operating manuals for franchisees | No |
Where is franchisee training provided? | |
Is field assistance available for franchisee? | No |
Will someone from Head Office provides assistance to franchisee in opening the franchise? | Yes |
What IT systems do you presently have that will be included in the franchise? | No |
Type of property required for this franchise opportunity | |
Floor area requirement | |
Preferred location of unit franchised outlet |
Do you have a standard franchise agreement? | Yes |
How long is the franchise term for? | Life time |
Is the term renewable? | Yes |
Category : Business Services
Area Req :
Franchise Outlets : unlimited
Investment: Rs. 2 Lac - Rs. 5 Lac