Share Market Tips | Share Market News: BSE and Abix plan to launch insurance Platform by year end

BSE and Abix plan to launch insurance Platform by year end

Share Market Tips

Leading exchanges of the country will now be able to buy an insurance policy in addition to the stocks at the Bombay Stock Exchange (BSE).

Leading exchanges of the country will now be able to buy an insurance policy in addition to the stocks at the Bombay Stock Exchange (BSE). BSE and America's Abix have made a joint venture. Under this, both the companies will launch a new insurance platform. On which insurance policy can also be bought. According to a senior BSE official, the IRDAI is awaiting approval for the Insurance Distribution Exchange platform.

Share Market Tips

Insurance policy will be available online

Agents, Stock Brokers, Financial Institution Policy. Stock Brokers will have to obtain an insurance broking license from IRDAI. Life, Health and other insurance policies will be available online. Claim settlement facility will also be online.

Insurance will be single platform

Ashish Chauhan, Managing Director and Chief Executive, Bombay Stock Exchange (BSE), said that we have signed an exchange model for the distribution of insurance with Abix. Hopefully it will be launched by December. Its products will be similar to the BSE-Star MF. Just like buying and redeeming mutual funds on a single platform of BSE-Star MF. Joint Venture's Ghoshama was held in October last year, operating from the BSE-Ebix Insurance Broking brand.

The Content of this Blog has taken from here:- https://money.bhaskar.com/news/MON-MARK-STMF-MRKT-bse-ebix-plan-to-launch-insurance-platform-by-year-end-5893521-NOR.html