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BSE Ebix, LIC join hands for distribution of insurance products



BSE Ebix Insurance Broking, a joint venture of BSE and Ebix Fincorp Exchange Pte Ltd, on Thursday announced signing of an insurance broker agreement for the distribution of Life Insurance Corporation’s (LIC) products on its on its state-of-the-art hi-tech platform.

Under this agreement, BSE Ebix will offer their clients insurance products offered by LIC such as Life and Health, using its omni-channel digital presence, the exchange said in a statement.

This partnership aims at offering customer centric solutions backed by technological innovations and best in class services.

“Our partnership with LIC not only aims at providing relevant insurance products but will also provide best-in-class services to their customers through our unique digital initiatives,” Ashishkumar Chauhan, MD and CEO at BSE, said.

BSE EBIX’s strategy is to have an unrivalled ‘Phygital’ pan India reach by combining the physical presence of tens of thousands of PoSPs with an omnichannel digital channel, thereby allowing its PoSPs to have access to extensive real-time quotes from insurance companies and to complete the entire transaction online on behalf of their customers. Through its technology, BSE EBIX empowers PoSPs to deliver best of the Insurance products and provide comfort to the end customers by transacting physically at the speed of digital technology. This presents a huge opportunity for BSE EBIX to build its Life insurance portfolio.

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