BSE Brokers' Forum, Bajaj Allianz Life sign agreement

Life insurer signs MoU for product distribution

Bajaj Allianz Life Insurance has signed a memorandum of understanding (MoU) with Bombay Stock Exchange (BSE) Broker’s Forum, an association of the members of the BSE.

Under this agreement, the 750 registered members of the forum will be able to distribute Bajaj Allianz Life Insurance products through their wide distribution channels across the country.  

The tie-up aims to provide training to all members of the forum jointly through classroom as well as e-learning modules to ensure that they become the licensed agents.

Bajaj Allianz Life Insurance has already developed multi-lingual training modules for this purpose.

Siddharth Shah, Chairman, BSE Broker’s Forum said that as a training and development partner, they will together provide training to their members to become a licensed agent to distribute their products.

"It is our endeavor to provide more and more business opportunities to all our members in these difficult times," said Shah.
 
A S Narayanan, Chief Distribution Officer, Bajaj Allianz Life Insurance added that this tie-up will strengthen their distribution and commitment in reaching out to the large section of insurable but untapped population in the Tier II and III cities, with the wide range of insurance products.

The BSE Broker’s Forum was formed in 1993 with the objective of encouraging and spreading the knowledge of trading dealings and transactions in stock exchanges.

This forum has been involved in acting as a facilitator between the government and regulators on matters effecting the capital markets, development of the Exchange and its competitive position in the Capital Markets, as well as advising and guiding members in all matters relating to the Stock Broking and other allied activities.