BSE Ebix Insurance Broking Private Limited ( BSE Ebix) is a joint venture between India’s leading stock exchange BSE and one of leading insurance solution provider Ebix, Inc. (NASDAQ: EBIX). Our Vision is to be the preferred Insurance Broking for our Partner, Customers and insurance Company.
BSE Ebix believes that insurance plays an important role in protecting organisations and individual aspirations. The goal is to transform end-to-end sales and processing of Insurance in India by deploying an insurance distribution platform. We plan to digitally connect all partner Point of Sale Person (PoSPs) with insurance companies and bring their product offerings on the platform.
BSE Ebix seeks to deploy state of the art technology platform which will encompass the entire insurance life cycle from customer relationship management (CRM), PoSP management, multi-quoting, digital payments, and proposal submission to insurance company’s policy administration system. We will strive to bring in standards for connectivity with Insurance Companies.
It shall be our endeavor to provide customers a world class experience by being close to where they are by leveraging our vast distribution network. Our intent is to go PHYGITAL – owning the last mile and combining the physical reach of tens of thousands of distribution outlets across the country with technology and processes. Customers will have wider choice to find the best value product with assistance of his trusted distributor (PoSPs), offering 360 degree solutions including Claims notification and help and guidance in Claim settlement.
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE also has a dedicated MF distribution platform BSE StAR MF which is India Largest Mutual Funds Distribution Infrastructure. On October 1, 2018, BSE launched commodity derivatives trading in Gold, Silver, Copper, Oman Crude Oil, Guar Gum, Guar Seeds & Turmeric.
BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
BSE has set up an Investor Protection Fund (IPF) on July 10, 1986 to meet the claims of investors against defaulter Members, in accordance with the Guidelines issued by the Ministry of Finance, Government of India. BSE Investor Protection Fund is responsible for creating Capital markets related awareness among the investor community in India.
With 50+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.
With a "Phygital" strategy that combines physical distribution outlets in many Southeast Asian Nations ("ASEAN") countries, to an Omni-channel online digital platform, the EbixCash Financial exchange portfolio encompasses leadership in areas of domestic & international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, lending, wealth management etc. in India and other markets. EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business with operations in 32 international airports including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata. EbixCash’s has undisputed leadership position in inward remittance business in India.. EbixCash, through its travel portfolio of Via and Mercury, is also one of Southeast Asia’s leading travel exchanges. For more information, visit the Company's website at www.ebix.com