Auxillium Insurance Broking Private Limited

What Auxillium Insurance Broking Private Limited does

Auxillium Insurance Broking Private Limited is an IRDAI-licensed Direct Insurance Broker (License No. 616, valid until 11/09/2026) headquartered in Vashi, Navi Mumbai. The company intermediates between clients and insurers across both Life and General insurance lines, offering risk assessment, competitive pricing, advisory, and claims settlement support. Its customer base spans individuals and families seeking personal coverage, business houses and corporates requiring group and risk management programs (including Business Continuity Planning), and rural and agricultural customers served through the Gram e-Bima POSP-based distribution platform and the Gopinath Munde Yojna farmer scheme.

The company's technology stack is intentionally light: an insurance broking platform anchored by the Gram e-Bima digital portal for onboarding POSP (Point of Sales Person) agents in rural India, alongside a standard corporate website. Core products are organized into General Insurance — Speciality Lines (transport and specialty risks) and Traditional Lines (fire, health) — Family and Individual Insurance, Business Houses Insurance, and Claims Settlement Services. Product breadth is delivered through a multi-carrier partner network of 12+ insurers including Bajaj Allianz, ICICI Lombard, HDFC Life, SBI Life, TATA AIA, HDFC ERGO, ManipalCigna, Religare, Oriental, Royal Sundaram, Future Generali and Magma HDI, rather than through proprietary capacity.

Auxillium earns revenue on a transaction-fee basis, receiving broking commissions from insurers on policies placed, with commission rates set by product category and insurer. GTM is sales-led: direct broker engagement for retail and corporate clients, supplemented by the POSP network for rural distribution, and supported by recruitment of both employees (via the careers page) and POSP agents (via Gram e-Bima). The company is founder-owned with Sukanta Nag as Director, Promoter, Principal Officer and CEO, and a leadership team whose members claim 120+ cumulative years of insurance industry experience across LIC, HDFC Life, TATA AIA, New India Assurance, Bajaj Allianz, Max New York Life and prior broking firms. No revenue, headcount, premium volume or funding data is disclosed.

Name

Auxillium Insurance Broking Private Limited

Legal name

Auxillium Insurance Broking Pvt Ltd

Website

https://auxilliuminsurance.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Auxillium Insurance Broking is an IRDAI-licensed direct broker in Navi Mumbai distributing Life and General insurance to individuals, corporates, and rural customers via advisory services and the Gram e-Bima POSP platform.

Ownership category

akta.pro rank

Product category

Insurance Broking Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)

akta.pro secondary industry

Individual Health Insurance Brokerage & Distribution (FSAIAEAL)

Keywords

• Insurance broking services
• Life insurance distribution
• General insurance advisory
• Corporate risk management
• Rural insurance distribution

Headquarters

HQ city

Vashi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Broking Commission: Commission earned from insurance companies for placing policies with clients. As a direct broker licensed by IRDAI, they earn commissions on both Life and General insurance products.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Auxillium Insurance Broking is an IRDAI-licensed Direct Broker (Life & General) that acts as an intermediary between clients and insurance companies, offering risk assessment, competitive pricing, and claims settlement services. The company distributes a portfolio of Life and General insurance products across Family and Individual Insurance, Business Houses Insurance, General Insurance Speciality Lines (transport and specialty risks), and Traditional Lines (fire and health). It also operates the Gram e-Bima POSP platform for rural insurance distribution and provides dedicated advisory and claims support services for corporate and retail clients.

Product overview

Auxillium Insurance Broking is an insurance intermediary offering a comprehensive portfolio of insurance products and services. The company provides both Life and General Insurance broking through its core advisory services platform. Key offerings include General Insurance products across Speciality Lines (transport and specialty risks) and Traditional Lines (fire, health), Family and Individual Insurance, and Business Houses Insurance. The company operates the Gram e-Bima digital platform for POSP-based rural insurance distribution, along with claims settlement support and risk assessment advisory services. The portfolio is delivered through a network of insurance partners and trained professionals.

Differentiator

Problem solved

Functional benefit

Products and services

• General Insurance – Speciality Lines Specialized general insurance coverage for niche risk categories including transport and specialty sectors, distributed by Auxillium as a direct broker across multiple insurance partners.
• General Insurance – Traditional Lines Core general insurance products including fire and health coverage, distributed by Auxillium as a direct broker through multiple insurance partners.
• Family and Individual Insurance Insurance coverage designed for families and individuals, spanning life, health, and personal general insurance lines, sourced and placed across multiple insurer partners.
• Business Houses Insurance Commercial insurance solutions for business establishments, including risk management, business continuity planning, project insurance, and group insurance policies.
• Claims Settlement Services Claims management and settlement services to assist insured clients during critical periods, providing end-to-end support when raising and following up on insurance claims with insurance companies.
• Gram e-Bima (Rural POSP Distribution Platform) A POSP (Point of Sales Person) digital platform for rural insurance distribution, enabling onboarding of insurance agents in rural areas and extending Auxillium's distribution reach into under-served rural and agricultural markets.

Quantifiable outcome

• Executive Director with track record of managing 500 Crores INR+ of business

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

13 partnerships are on record, tiered core.

• Bajaj AllianzcoreChannel Partner/ Reseller/ DistributorInsurance partner offering various general insurance products through Auxillium's distribution network
• Magma HDI General InsurancecoreChannel Partner/ Reseller/ DistributorGeneral insurance partner providing specialty insurance products
• ManipalCignacoreChannel Partner/ Reseller/ DistributorHealth insurance partner offering health coverage solutions
• Oriental Insurance Company Limited (OIC)coreChannel Partner/ Reseller/ DistributorPSU insurance partner offering general and specialized insurance products
• Religare Health InsurancecoreChannel Partner/ Reseller/ DistributorHealth insurance partner specializing in health coverage solutions
• SBI Life InsurancecoreChannel Partner/ Reseller/ DistributorLife insurance partner with extensive product portfolio
• TATA AIA Life InsurancecoreChannel Partner/ Reseller/ DistributorLife insurance partner offering comprehensive life insurance solutions
• Future Generali India InsurancecoreChannel Partner/ Reseller/ DistributorGeneral insurance partner providing retail and corporate insurance products
• ICICI Lombard General InsurancecoreChannel Partner/ Reseller/ DistributorLeading general insurance partner offering diverse insurance solutions
• Royal Sundaram General InsurancecoreChannel Partner/ Reseller/ DistributorGeneral insurance partner specializing in motor and other general insurance products
• HDFC Life InsurancecoreChannel Partner/ Reseller/ DistributorLife insurance partner offering wide range of life insurance products
• HDFC ERGO General InsurancecoreChannel Partner/ Reseller/ DistributorGeneral insurance partner providing comprehensive coverage options
• GrameBimacoreStrategic or Co-development PartnerStrategic partnership for POSP (Point of Sales Person) network and rural insurance distribution through Gram e-Bima platform

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Willis Towers Watson India: Global risk and insurance broker with India presence, serving large corporate and multinational clients. Comparable in offering broad-spectrum Life and General insurance advisory, though at significantly larger scale and enterprise client tier.

Direct peers

• Alliance Insurance Brokers: Indian insurance and reinsurance broker serving corporate clients with specialty and general insurance lines. Comparable in mid-market positioning; an earlier employer of Auxillium's Executive Director Surjo Mukherjee.
• Aon India Insurance Brokers: Indian operations of Aon, one of the largest global insurance and reinsurance brokers. Competes with Auxillium for mid-market and large corporate risk advisory and placement mandates across Life and General lines.
• Marsh India Insurance Brokers: India arm of global insurance broker Marsh; offers risk advisory, placement, and claims services across Life, General, and Health lines for corporate and SME clients. Directly comparable as a multi-line IRDAI-licensed broker operating nationally in India.
• J.B. Boda Insurance Brokers: Indian insurance and reinsurance broker with strong specialty lines and reinsurance expertise, serving corporate and industrial clients. Comparable to Auxillium's specialty-lines offering in transport, marine, and corporate risk segments.
• Mahindra Insurance Brokers: Domestic Indian broker with deep distribution reach and corporate book; competes head-to-head with Auxillium for general insurance brokerage, especially in commercial and SME segments. One of Auxillium's senior team (Surjo Mukherjee) previously worked here.
• AnandRathi Insurance Brokers: IRDAI-licensed direct broker providing Life, Health, and General insurance broking services to retail, SME, and corporate clients across India. Highly comparable in scale and product mix; Auxillium's Director Deepak Desai previously worked here.
• Bajaj Capital Insurance Brokers: Indian financial services and insurance broking firm offering Life, General, and Health insurance across retail and corporate segments. Directly comparable in service breadth and Surjo Mukherjee's prior role here reinforces competitive overlap.

Emerging players

• Howden Insurance Brokers India: Growing international broker expanding in India with focus on specialty and commercial lines. Comparable as a multi-line broker building a corporate book in India, though with deeper capital and global backing than Auxillium.

Others

• Reliance General Insurance (Direct distribution arm): While a carrier rather than a broker, Reliance General's growing direct digital distribution channel and bancassurance-style partnerships represent an emerging channel alternative to broker-led distribution in India, including for rural and retail customers that Auxillium also targets via Gram e-Bima.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/auxillium-insurance-broking-private-limited

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Auxillium Insurance Broking Private Limited