Edelweiss Insurance mandated sole insurance broker for BSE ''brokers indemnity policy''
05 Aug 2005
Mumbai: Edelweiss Insurance Brokers Limited, has won the mandate as the sole insurance broker to service the stock brokers indemnity policy to nearly 550 member brokers of The Stock Exchange, Mumbai.
New
India Assurance Company Limited has underwritten this
risk.
The policies include comprehensive crime and professional
indemnity for The Stock Exchange, Mumbai (including the
directors' and dfficers' liability), the trading members
of The Stock Exchange and the Clearing House.
The
company has long-term plans for insurance requirements
of brokers with respect to accident covers, mediclaim,
householders' policies including jewellery, etc. at competitive
rates.
Edelweiss Insurance received the Insurance Regulatory
and Development Authority (IRDA) certificate of Registration
on 24th March, 2005 to conduct both life and general insurance
business in India.
The
company provides tailor made solutions to Corporates,
HNIs and SME's taking into account clients' risk profile,
nature of assets held and overall financial goals.