Enam to venture into insurance broking

Mumbai, Aug 21 (UNI) Leading financial services consultancy firm Enam Financials Consultants Pvt Ltd has ventured into insurance broking business through Enam Insurance Broker Pvt Ltd.

The new firm will offer insurance products to corporates and individuals in the life insurance and the non-life insurance segments, said a company release. The IndusInd bank has already announced that it was also interested in the insurance brokering sector and that it was waiting for a nod from the regulator in this connection.

Talking about the new venture of his company, Enam's chairman Vallabh Bhanshali, said,''It is a step in the direction towards one stop financial supermarket providing a wide array of financial products to its customers''.

The concept of insurance broking was introduced in the country in 2002 and is still in a nascent stage.

The director of Enam Insurance Broker Pvt Ltd, Dr Sandeep Dadia on the marketing strategy of his company said,''The new company will gradually expand the scope of services across the country by utilising the group's existing network of offices/agents and tapping cross-selling possibilities''.

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