Spectrum Insurance Distribution Limited

Spectrum Insurance Distribution Limited
Type	Public
ISIN	🆔
Industry	Financial services
Founded 📆	May 2011 (15 years ago)
Founder 👔	Pankaj Gupta
Headquarters 🏙️	, Delhi, India
Area served 🗺️
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
Members
Number of employees
🌐 Website	[Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ]
📇 Address
📞 telephone
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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 headquarters 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 and aims to provide services best suited to the people. The company’s products are structured in a manner that army personnel can find no hassle in understanding them. 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 log in policies by taking a one-month premium. Spectrum Insurance has AUM of 90 crores with a Sum Assured of a whopping 500 crores with a marginal customer base.

History

Spectrum Insurance started as a human resource development company and, seeking growth opportunities in the segment, first had a tie-up with 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 in having three-company tie-ups (3 Life, 3 General & 3 Health Insurance Companies) in 2016 as well. Being in the industry for a long time, the company decided to work with the defence sector only to serve those who serve us.

Leadership

The leadership team consists of 5 Board members: • 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)

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