Ebix, an international supplier of on-demand software and e-commerce services to the insurance, financial, healthcare and e-learning industries, has announced that its joint venture with Bombay Stock Exchange (BSE), Asia’s oldest exchange, has received formal approval to be registered as a direct insurance broker (life and general).
The broking venture, named BSE-Ebix Insurance Broking, will enable distribution outlets, wealth management advisors, Point of Sale Persons (PoSPs) to sell life and non-life insurance products.

BSE-Ebix will soon announce a formal go-live date for its distribution franchise.

BSE-Ebix aims to reach remote villages across India and will make use of the reach of both BSE and Ebix’s subsidiary, EbixCash, that spans over 300,000 outlets across the country, and shall cover the entire insurance lifecycle from customer relationship management, agency management, multi-quoting, underwriting, policy creation, claims filing and settlement to back-end insurance policy administration.

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