Become a corporate agent of insurance policy
As per the IRDAI rules, you need to obtain a Corporate Agent License to become a corporate agent for insurance products. Registrationwala can help you obtain it.
As per the IRDAI rules, you need to obtain a Corporate Agent License to become a corporate agent for insurance products. Registrationwala can help you obtain it.
Document preparation.
Application filing
Application Assessment
Grant of License
As per the IRDAI (Insurance Regulatory Development Authority of India) regulations of 2015, the registration of Corporate Insurance agents has been made mandatory. The regulations came into force on the 1st of April 2016, and since then, multiple corporate agents have been registered under the aforementioned provision.
Corporate Agents are companies, cooperative societies, LLPs, NGOs, Rural banks, or Micro Finance Lending Organizations that participate in soliciting, producing, or servicing the insurance business of life insurers, general insurers, and health insurers.
Any change in the arrangement with the insurance companies can be done only with prior approval from the Authority and with suitable arrangements for servicing existing policyholders.
The following are the conditions that the corporate agent must meet for getting the registration:
The following documents must be submitted along with the corporate agent license registration application:
The process of registering the corporate agents with the IRDAI for acting as exclusively insurance intermediaries is as follows:
The Certificate of registration for a Corporate Agent is valid for a period of three years from the date of its issue. However, this validity can be compromised before the completion of three years unless the Corporate Agent registration certificate is revoked or cancelled for violation of regulations set by the Authority.
Registrationwala provides end-to-end assistance in matters of corporate agent registration. Our services include:
Reach out to Registrationwala if you wish to become a corporate agent.
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