CKP Insurance Brokers Private Limited

What CKP Insurance Brokers Private Limited does

CKP Insurance Brokers Private Limited is an IRDAI-licensed direct insurance broker (License No. 582) founded in 2016 and headquartered at Kamdhenu Commerz, Kharghar, Navi Mumbai, India. The firm operates as an independent advisory intermediary, comparing and recommending insurance products from 60+ partner insurers including HDFC ERGO, ICICI Lombard, Bajaj Allianz, TATA AIG, Star Health, HDFC Life, SBI Life, Oriental Insurance, New India Assurance, and digital-first carriers such as Acko and Digit. CKP serves a stated base of 500+ families, SMEs, and corporates across India through website, phone, WhatsApp, and in-person consultation channels, with a team of approximately 9 employees led by Director Sanjeev Bafna (B.Com, FCA, CS) and Principal Officer Mrinal Bafna (BE, MBA). The firm is privately held, founder/management-owned, with no disclosed external institutional investors.

The product portfolio spans 18 lines across two segments. For individuals and families, CKP brokers Health Insurance, Term Life Insurance, Motor Insurance, Travel Insurance, Cyber Insurance, and Investment/ULIP Plans. For businesses and SMEs, it offers Group Health Insurance, Directors & Officers Liability, Professional Indemnity, Workmen Compensation, Marine Insurance, Fire & Property Insurance, Contractors All Risk, Trade Credit, Surety Bonds, and Gratuity Insurance. Underpinning the portfolio is a Claims & Renewals Support service module — with a claimed 98% claim settlement ratio across partner insurers — and a POSP (Point of Sales Person) Insurance Advisor Program that recruits and trains third-party certified advisors to sell under CKP's IRDAI license. The firm's offerings are marketed across 22+ industry verticals including Agriculture, Automotive, BFSI, Chemicals, Construction, Healthcare, IT & Software, and Manufacturing.

CKP earns revenue exclusively through affiliate/referral commissions paid by insurance carriers on policies placed and renewed; the firm explicitly states that using a broker does not cost the client more and often costs less, confirming commissions are paid by insurers rather than by customers. Distribution is conducted via direct advisory (website callback, phone, WhatsApp, walk-in) and a growing POSP advisor network. The company has no proprietary technology platform, no API integrations, no disclosed AI capabilities, and no patents or trademarks — its offering is fundamentally a relationship-driven advisory service. Operations are run from a single Navi Mumbai office serving clients pan-India.

Name

CKP Insurance Brokers Private Limited

Legal name

CKP Insurance Brokers Pvt. Ltd.

Website

https://ckpinsurance.co.in

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

CKP Insurance Brokers is an IRDAI-licensed independent insurance broker (License No. 582) based in Navi Mumbai, comparing and recommending products from 60+ Indian insurers across 18 lines for individuals, families, SMEs, and corporates nationwide. Revenue derives from insurer commissions, not client fees.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAEADAB

Commercial Lines Insurance Brokerage

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

SECONDARYFSAEADAA

Retail (Personal Lines) Insurance Brokerage

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

SECONDARYFSAEADAJ

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

Keywords

• Insurance brokerage
• Life insurance advisory
• Health insurance services
• General insurance broking
• Commercial insurance advisory

Headquarters

HQ city

Navi Mumbai

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

Revenue model

1. Insurance Brokerage Commissions: CKP earns commissions from insurance companies for policies placed and renewed. As an independent broker, they compare across 60+ insurer partners and earn a commission from the insurer on each policy sold or renewed. The FAQ section confirms using a broker does not cost more and often costs less for clients, indicating commissions are paid by insurers rather than charged to customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

CKP Insurance Brokers Private Limited is an IRDAI-licensed Direct Insurance Broker (License No. 582) that provides insurance advisory, comparison, and placement services across life, health, motor, travel, and commercial insurance lines. The company works with a panel of 60+ insurance partners to serve 500+ clients comprising individuals, families, SMEs, and corporates. Its core activity is intermediating and advising on appropriate insurance coverage rather than underwriting or manufacturing insurance products.

Product overview

CKP Insurance Brokers operates as an IRDAI-licensed direct insurance broker (License No. 582) offering a broad portfolio of insurance advisory and brokerage services structured across two main segments: (1) Individual & Family insurance products — Health Insurance, Term Life Insurance, Motor Insurance, Travel Insurance, Cyber Insurance, and Investment Plans (ULIPs/Savings Plans); and (2) Business & SME insurance — Group Health Insurance, Directors & Officers Liability Insurance, Professional Indemnity Insurance, Workmen Compensation Insurance, Marine Insurance, Fire & Property Insurance, Contractors All Risk Insurance, Trade Credit Insurance, Surety Bonds, and Gratuity Insurance. The company also runs a POSP Insurance Advisor Program enabling third-party individuals to become certified insurance sellers. Supporting the entire portfolio is a dedicated Claims & Renewals Support service. CKP acts as an independent advisor across 60+ partner insurers, providing comparison, recommendation, documentation, and ongoing claims assistance — not as a technology platform with API integrations or modules.

Differentiator

Problem solved

Functional benefit

Products and services

• Individual Health Insurance Brokerage of health insurance policies for individuals and families, comparing and placing coverage from multiple insurer partners to meet personal and family healthcare needs.
• Term Life Insurance Advisory and placement of term life insurance plans for individuals and families seeking pure life-cover protection.
• Motor Insurance Brokerage of motor insurance policies (car and two-wheeler) for individuals, including comprehensive and third-party cover options.
• Travel Insurance Brokerage of travel insurance policies covering personal travel risks such as medical emergencies, trip cancellations, and baggage loss.
• Cyber Insurance (Individual) Brokerage of personal cyber insurance policies for individuals to cover risks such as online fraud, identity theft, and digital asset loss.
• ULIP and Investment Plans Brokerage of Unit-Linked Insurance Plans (ULIPs) and investment-linked insurance products combining insurance coverage with market-linked investment returns for individuals.
• Group Health Insurance (Business) Brokerage of group health insurance policies for SMEs and corporates covering employee healthcare benefits, with multi-insurer comparison and placement.
• Directors and Officers (D&O) Liability Insurance Brokerage of D&O liability insurance policies for corporates, covering directors and officers against claims arising from managerial decisions.
• Professional Indemnity Insurance Brokerage of professional indemnity insurance for professionals, consultants, and SMEs against claims of negligence or errors in professional services.
• Workmen Compensation Insurance Brokerage of workmen compensation insurance policies for businesses to cover employee injury and workplace accident liabilities.
• Marine Insurance Brokerage of marine insurance policies (cargo and hull) for businesses involved in import, export, and inland transit of goods.
• Fire Insurance Brokerage of fire and property insurance policies for businesses covering damage to commercial premises, equipment, and assets.
• Contractors All Risk (CAR) Insurance Brokerage of Contractors All Risk insurance policies for construction and infrastructure projects covering third-party liability, works damage, and construction-period risks.
• Trade Credit Insurance Brokerage of trade credit insurance policies for businesses to protect against non-payment by buyers and insolvency-related receivables losses.
• Surety Bonds Brokerage of surety bonds for businesses and contractors to guarantee performance, contractual obligations, and statutory compliance.
• Gratuity Insurance Brokerage of group gratuity insurance plans for corporates to fund statutory and contractual gratuity obligations to employees.

Quantifiable outcome

• 98% Claim Settlement Ratio across partner insurers
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core and supporting.

• HDFC ERGOcoreOthersPartner insurer providing general insurance products (health, motor, etc.) through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• ICICI LombardcoreOthersPartner insurer providing general and health insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• Bajaj AllianzcoreOthersPartner insurer providing general and health insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• TATA AIGcoreOthersPartner insurer providing general and health insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• Star HealthcoreOthersPartner insurer providing health insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• United IndiacoreOthersPartner insurer (public sector) providing general insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• AckosupportingOthersDigital-first insurer partner providing general insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• DigitsupportingOthersDigital-first insurer partner providing general insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• Future GeneralisupportingOthersPartner insurer providing general insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• HDFC LifecoreOthersPartner life insurer providing term life and investment-linked insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• Manipal CignasupportingOthersPartner health insurer providing health insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• National InsurancecoreOthersPartner insurer (public sector) providing general insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• New India AssurancecoreOthersPartner insurer (public sector) providing general insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• Niva BupasupportingOthersPartner health insurer providing health insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.
• Oriental InsurancecoreOthersPartner insurer (public sector) providing general insurance products through CKP's brokerage platform. Referenced in case study involving a chemical manufacturing company's fire insurance claim. One of 60+ insurer partnerships.
• SBI LifecoreOthersPartner life insurer providing life and investment-linked insurance products through CKP's brokerage platform. One of 60+ insurer partnerships enabling CKP to offer comparative insurance advice across the market.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• PolicyBazaar (PB Fintech): India's largest digital insurance aggregator and broker, offering multi-insurer comparison across life, health, motor and other lines online. Direct competitor for the same Indian individual and family insurance buyer CKP targets, though delivered through a tech platform rather than advisory-led sales.
• Bajaj Capital: Long-standing Indian financial services and insurance distribution firm offering insurance, investment and loan advisory across retail and SME segments. Comparable as a multi-line, advisor-led insurance intermediary with pan-India presence.
• EasyPolicy: IRDAI-licensed insurance aggregator and broker in India offering comparison-led purchase of life, health, motor and other insurance products. Direct comparable to CKP in the multi-insurer brokerage model, with a heavier digital orientation.
• Coverfox: IRDAI-licensed online insurance broker in India aggregating multiple insurers across health, motor, life and travel. Competes with CKP in the same multi-insurer comparison and advisory space, primarily via a digital channel.
• Turtlemint: IRDAI-licensed insurance distributor using a POSP-led advisor network across India to sell multi-line insurance products. Highly comparable to CKP's POSP Insurance Advisor Program strategy and SME/retail focus, scaled significantly larger.

Emerging players

• Onsurity: India-based employee health benefits and group health insurance platform serving SMEs. Comparable to CKP's group health and employee benefits brokerage products within the SME segment, with a tech-led distribution approach.
• InsuranceDekho: IRDAI-licensed digital insurance broker in India focused on auto, health and life insurance comparison and advisory. Overlaps with CKP's retail insurance brokerage focus, particularly for online comparison shoppers.

Broad incumbents

• Marsh India: India arm of global insurance broker Marsh, providing commercial insurance brokerage, risk advisory and risk management for large corporates. Comparable to CKP's commercial lines and risk advisory work but at materially larger scale and enterprise focus.
• Aon India: India presence of global insurance broker Aon, offering commercial insurance placement, risk management and reinsurance advisory. Comparable on the commercial brokerage side, especially for larger corporate and specialty risks where CKP also operates.
• Willis Towers Watson India (WTW): India arm of WTW, a global insurance and advisory firm covering commercial brokerage, risk management and human capital solutions. Overlaps with CKP's commercial lines and employee benefits brokerage work at the enterprise segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ckp-insurance-brokers-private-limited

Revenue estimate

Valuation estimate

Number of profiles

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 CKP Insurance Brokers Private Limited