INSURANCE
BSE Ebix Insurance Broking beta launches term insurance products on its platform
Dec-16-2020

BSE Ebix Insurance Broking, a joint venture of BSE and Ebix Fincorp Exchange, has announced the beta launch of term insurance products on its platform. For this, BSE Ebix Insurance Broking has tied up with ICICI Prudential Life Insurance Co. With this launch, BSE Ebix now has the ability to handle insurance sales across both term and endowment policy in the life insurance segment using its omni-channel digital presence supplemented by the physical presence of BSE Ebix's thousands of Point of sale Persons (POSPs).

The launch of life insurance products by BSE Ebix is a major development from the company's perspective, since Life insurance is traditionally one of the fastest growing insurance segments in the country. In order to offer a full bouquet of insurance to meet the diverse needs of the end customer, BSE Ebix also plans to offer other insurance products for commercial vehicles like truck, tractor, auto, taxi; commercial products like fire, liability, shopkeeper insurance; and other personal lines of business like home, personal accident, travel Insurance among others.

It also plans to add many more insurance companies in each insurance vertical in coming days and months. As on date, BSE Ebix has registered over 8,000 point of sale persons out of which over 4,000 are certified and ready to do business.

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