EbixCash, a subsidiary of Ebix, Inc. is in the process of seeking IRDA approval to transfer its share ownership in BSE EBIX from its parent Ebix Singapore Pte Ltd. to EbixCash Limited
Mumbai:
BSE and Ebix Singapore Pte announced the signing of distribution agreement with Life Insurance Corporation (LIC) to offer life products 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.
EbixCash, a subsidiary of Ebix, Inc. is in the process of seeking IRDA approval to transfer its share ownership in BSE EBIX from its parent Ebix Singapore Pte Ltd. to EbixCash Limited.
Ashishkumar Chauhan, MD & CEO-BSE, said “At BSE EBIX, our objective is to reach out to every citizen of the country and provide insurance solutions as per their needs.”
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.
BSE EBIX had beta launched its operations on February 7, 2020, with the offering of private car and two-wheeler auto insurance.
As on date, BSE EBIX has registered over 10,500 Point of Sale Persons (PoSPs) out of which 4,677 are certified and ready to do business through BSE EBIX Portal.
Currently, products of seven general insurance companies five health insurance companies three life insurance companies are available on the BSE EBIX platform.