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Bajaj Capital forms broking arm

Our Bureau

New Delhi , Jan. 19

BAJAJ Capital Ltd, a financial planning company, has kicked off its insurance broking operations by floating a separate entity called Bajaj Capital Insurance Broking Ltd.

The new insurance broking company has already received the licence from the Insurance Regulatory and Development Authority (IRDA).

According to Mr Rajiv Bajaj, Managing Director of Bajaj Capital Ltd, "our insurance broking venture will allow us to offer the `power of choice' to our clients in the insurance space. In a statement Mr Anil Chopra, the group Chief Executive and Director of Bajaj Capital Insurance Broking Ltd, said: "Given a wide range of life and general insurance products available, the client is confused on which insurance to buy and how much cover he should get. This is the gap which Bajaj Capital Insurance Broking hopes to fill."

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