How does make money, policybaazar Business model,policybaazar review

I have seen a lot of policybaazar ads on the internet and i wondered how are they going to make money.

Well recently one of my friends who is a Insurance agent said that he was buying Insurance leads from policybazar in search of prospective customers interested in Insurance policies.

I just surfed the site and found that Policy Bazaar sells these leads through its website

So they advertise online encouraging prospective Policy buyers to provide their contact details to receive price quotations on policies.

The sell these leads (contact and intrest details of a customer) to Insurance agents on

They act as a medium between the prospective buyers and policy agents. Simple Idea, Big business.

I have checked that there are quite a lot of similar websites that are coming up with this business model. So i think the competition is increasing for PolicyBaazar.

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