BSE-Ebix JV gets IRDAI approval for distribution of insurance products

The JV will make use of the reach of both BSE and EbixCash, which spans over 300,000 outlets across the country

The joint venture between Bombay Stock Exchange (BSE) and Ebix has received in principle approval from the insurance regulator for insurance distribution. 

"The venture, branded as BSE-Ebix Broking Insurance Broking Pvt. Ltd., will enable distribution outlets, wealth management advisors, Points of Sale (POS) to sell life and non-life insurance product", said the company in a release.

The actual insurance distribution of BSE-Ebix will commence after receipt of certificate of license from Insurance Regulatory and Development Authority of India (IRDAI).

"We have realized that there is huge demand for investment products, and our platforms like BSE StAR MF are performing very well. We expect