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FundsIndia.com launches new platform for insurance products

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Online retail investment platform FundsIndia.com has entered insurance distribution business by launching portal MeraSuraksha.com.

Through its corporate agency license, the company has started selling term insurance products and plans to offer general insurance policies too once the Covid-led lockdown eases and normal business activities resume.

A corporate agency license allows the company to sell policies of three insurance companies in the same line of business. The platform will provide end-to-end process of comparing and purchasing insurance policies for both FundsIndia investors as well as new customers.

However, for existing customers of FundsIndia who’ve completed the central know your customer (cKYC) process, purchasing insurance

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