Corporate Insurance Agent License
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Our experts will gather all the vital information & prepare documentation.
Then, we will file the application form for Registration.
Once the registration is completed, you will get your Certificate.
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Expertise in Corporate Insurance Agent License
Wth a corporate insurance agent license, a company may operate as an approved broker to one or more insurers and clients. Corporate Insurance Agent License enables the corporation to engage in marketing, selling, and servicing life, health, and general insurance policies. A business needs to fulfil legal criteria on subordinate policies and staff qualified, licensed personnel before applying. Corporate Insurance Agent License guarantees compliance with professional standards regarding ethical, legal, and consumer laws. The licensed companies must be fulfilling record keeping maintenance associated with ongoing renewal and other compliance obligations. The license adds trust of the corporation, broadens the target market, and makes possible alliances with several insurance companies. In India, the Insurance Regulatory and Development Authority of India (Insurance Brokers) Regulations, 2018 governs the issuance of such licenses. Corporate Insurance Agent License is necessary for all business entities that intend to transact in the insurance distribution industry in a professional manner.
Authorized Operations: Allows a company to legally solicit, sell, and service insurance products.
Increased Credibility: Enhances trust among clients, insurers, and business partners.
Wider Product Range: Enables the company to offer life, health, and general insurance products.
Stronger Market Reach: Facilitates expansion into broader markets with multiple insurance partners.
Professional Recognition: Establishes the corporation as a professional, regulated entity in the insurance sector.
Revenue Growth: Opens multiple revenue streams through commission-based earnings across various insurance lines.
Operational Flexibility: Allows representation of multiple insurers, offering clients more options.
Regulatory Compliance: Ensures business operations are in line with legal and consumer protection standards.
Competitive Advantage: Strengthens the company’s position against unlicensed or individual-only agents.
Long-Term Business Sustainability: Supports consistent growth through structured compliance, renewals, and service excellence.
Entities Eligible to Apply
Type of Broker |
Minimum Capital Requirement |
Direct Broker |
₹75 lakhs |
Reinsurance Broker |
₹4 crores |
Composite Broker |
₹5 crores |
Capital Requirements
Net Worth Requirements
Deposit Requirements
Professional Indemnity Insurance
Infrastructure and Manpower
Personnel and Qualifications
Business Purpose
Other Conditions
Foreign Investment
License Type |
Description |
Maximum Insurers Allowed |
Corporate Agent (Life Insurance) |
Permits the corporate agent to market, solicit, and procure life insurance products. |
Up to three life insurers. |
Corporate Agent (General Insurance) |
Authorizes the corporate agent to deal in general insurance products (e.g., motor, property, travel, etc.). |
Up to three general insurers. |
Corporate Agent (Health Insurance) |
Allows the corporate agent to focus on health insurance products. |
Up to three health insurers. |
Corporate Agent (Composite Insurance) |
Enables the corporate agent to offer a full suite of insurance products, including life, general, and health insurance, providing comprehensive coverage to clients. |
Up to three insurers in each category. |
Additional Requirements
Ensure your business fulfills the minimum net worth and other eligibility criteria as prescribed by IRDAI.
Pay the non-refundable application fee of ₹10,000 plus applicable taxes via Account Payee draft or electronic transfer to IRDAI, Hyderabad.
Corporate Agent – Life
Corporate Agent – General
Corporate Agent – Health
Corporate Agent – Composite (all categories)
If the applicant is regulated by another financial authority, obtain and submit a no-objection certificate from that authority.
Pay the registration fee of ₹25,000 plus applicable taxes within 15 days of receiving the communication from IRDAI.
Our expertise significantly reduces the time from application to license issuance, allowing your business to begin operations sooner while avoiding costly application rejections and resubmission cycles.