Leading
bourse, the Bombay Stock
Exchange (BSE), today said it has joined hands with Ebix Inc to
set up a pioneering
insurance distribution network in India.
BSE Investments Limited (BIL) is a
wholly-owned arm of BSE, while Ebix Fincorp Exchange is a wholly-owned
subsidiary of Ebix, signed the pact with the aim of revolutionizing end-to-end
sales and insurance processing in the country.
The JV enterprise will allow
distribution of outlets, stock brokers, wealth management advisors and
financial institutions across life and non-life product segments.
The platform will include the entire
insurance lifecycle from customer relationship management (CRM), agency management,
multi-quoting, underwriting, policy generation, claims filing and decision to
back-end insurance policy administration.
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