Apply for IRDA License of your choice at Registrationwala

IRDA is a federal License-issuing Authority for the India's Insuirance Sector. The IRDA issues various licenses and certifications to Business to operate as an Insurer, Insurance Intermediary, Polcy Marketeer, or Policy Aggregators in the Insurance Market. You can gain any such licenses from the IRDA with the Experts aid at Registrationwala.

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IRDAI License Registration

Step 1
Step 2
Application Filling
Step 3
Application Assement
Step 4
Grant Of IRDAI Insurance License

IRDAI Insurance License Registration

The Insurance Regulatory and Development Authority of India or the IRDAI, is a regulatory body that oversees the Insurance Industry in India. The IRDA (आईआरडीए) issues online Insurance certifications and licenses to individuals and entities interested in operating in the insurance sector.

As per the IRDA regulations, an IRDA Insurance License is a mandatory requirement for anyone who wants to operate as an Insurance Agent or a Broker in India. This online IRDAI Insurance License authorizes the holder to sell or distribute insurance products, advise clients on insurance-related matters, and provide other insurance-related services. But how can one get IRDA certificate? Let's examine it in the upcoming sections.

An IRDA Insurance certificate is necessary for anyone who wants to operate in the Insurance Sector in India. It is a mark of credibility and trustworthiness essential for a successful career in the insurance industry.

The Significance of IRDAI in Insurance Sector

The IRDA in Insurance is an important aspect in India. Anyone who is looking to start a business in insurance needs to register under IRDA. IRDA in insurance made all the regulations and supervises the businesses in Insurance. The primary goal is to save the interest of policyholders and ensure the growth of the insurance industry in the country. It regulates all types of insurance, such as life insurance, and general insurance.

Eligibility Criteria for IRDAI Certification in India

To secure an Insurance Regulatory and Development Authority of India (IRDAI) certificate in India on the IRDA Agency Licensing portal, you must meet the following eligibility criteria:

Eligibility Requirement for securing an online IRDA License in India


Business Registration with MCA

Every applicant company must be registered with the Registrar of Companies (ROC) as a private or a public limited company under the Companies Act of 2013 to apply for an online IRDAI Insurance License in India.

Capital Requirements for IRDAI License Registration

The minimum paid-up capital for an insurance company depends on the type of Insurance Business you intend to operate. 

  • The minimum paid-up capital required for a Life Insurance Company is INR 100 crores
  • The minimum paid-up capital required for a General Insurance Company is INR 50 crores

Requisite Experience of the Company's Personnel

The promoters of the Insurance Company must have at least 10 years of experience in the insurance industry, and the directors must have at least 5 years of experience.

Fit and Proper Criteria for the Company's Top Executives

The promoters, directors, and key management personnel of the insurance company must meet the IRDAI's fit and proper criteria, which include having a good track record, financial soundness, and integrity.

Requisite Compliance for the applicant Company 

The company must have internal policies, procedures, and controls to ensure compliance with the Insurance Act of 1938 and other relevant laws and regulations.

Office Space Requirements

The insurance company must have a physical office in India and meet the requirements set out per the IRDA regulations, such as having a secure room for storing policy documents and having CCTV cameras installed.

Compliance Officer Requirement

The Insurer must have one designated compliance officer with a complete mandatory course on requisite compliance conducted by the IRDAI.

Once you meet these eligibilities, you can apply for an IRDAI license at the IRDA Agency Licensing portal. The application process takes around 6 to 9 months. During such a period, the applicant must submit various documents. The Authority will also conduct background checks on the following before granting the online IRDA Insurance certificate:

  • Company's Promoters
  • Company's Directors
  • Key Management Personnel

Documents required for online registration of IRDAI License in India

The IRDAI issues licenses to individuals as well as entities who want to work in the Insurance Sector in India. Here is the required Documentation for applying for an IRDAI license online in India:

Documents required for online registration of IRDA License in India

Document 1 : Proof of Identification

You will need to provide a government-issued identity proof document such as the following:

  • PAN card
  • Aadhar card
  • Passport

Document 2 : Proof of Official Residence

You will need to provide a document that proves your current address, such as the following:

  • Utility Bill
  • Rent Agreement
  • Bank Statement

Document 3 : Proof of Educational Qualification 

You will need to provide documents that prove your educational qualifications, such as:

  • Examination Certificates 
  • Mark Sheets

Document 4 :Proof of relevant Experience 

If you are applying for an Insurance Agent or Broker License, you must provide proof of your experience in the Insurance Industry.

Document 5 : Business Plan of the Proposed Firm

If you are applying for an Insurance Company license, you must submit a detailed business plan outlining your company's goals, objectives, and strategies.

Document 6 : Audit and Financial Statements

The applicant must provide financial statements such as the following:

  • Balance Sheets
  • Profit and Loss statements
  • Cash Flow statements

Document 7 : Copies of Solicited Insurance Policies

If you are applying for an Insurance Agent or Broker License, you must submit copies of the insurance policies you have sold in the past.

Document 8 : Application Fee Receipt

You will need to pay the online IRDA certification fees per the regulations set by the IRDAI.

Once you have submitted all the required Documentation, the IRDAI will review your application and notify you if any additional information is required. Once your application is approved, you will be granted an IRDAI license.

Process of online IRDAI License Registration in India

The IRDA registration process of obtaining an Insurance Regulatory and Development Authority of India license in India at the IRDA Agency Licensing portal involves the following steps:

Process of online Irdai license registration in india

Step 1 : Apply for Company Incorporation, if not registered with the RoC

Firstly, you need to incorporate a company under the Companies Act 2013. The company must have a minimum paid-up capital per the IRDAI's requirements.

Step 2 : Seek for NOC from IRDAI and apply for Name Change with the MCA 

After incorporating the company, you must apply for name approval with the Registrar of Companies (ROC). The name must be unique and should not violate any trademarks.

Step 3 : Amend/Draft the Memorandum of Association and Articles of Association

The Memorandum and Articles of Association must be drafted or amended following the IRDAI guidelines.

Step 4 : Apply for IRDAI License Registration online 

After the incorporation of the company and the drafting of the Memorandum of Association and Articles of Association, you can apply for license registration with the IRDAI.

Step 5 : Application & Documents Submission

You need to apply for license registration with the IRDAI along with the following documents:

  1. Certified copy of the Certificate of Incorporation
  2. Certified copy of the Memorandum of Association and Articles of Association
  3. Details of the proposed insurance business
  4. Business plan
  5. Audited financial statements for the last 3 years
  6. Details of promoters, directors, and key management personnel
  7. Details of shareholders
  8. Proof of payment of the registration fee

Step 6 : Background Verification

The IRDAI will conduct background verification of the insurance company's promoters, directors, and key management personnel.

Step 7 : Inspection of the Office Facility

The IRDAI may inspect the office premises and the company's books of accounts.

Step 8 : Grant of IRDAI Insurance License

If the application is complete and all requirements are met, the IRDAI will grant the Insurance License.

The entire process of obtaining an online IRDAI Insurance license in India typically takes 6 to 9 months. It is important to ensure that all the necessary requirements are met and that the application is complete to avoid delays.

Online Renewal Process of IRDA Insurance License

The renewal process for an IRDAI license involves submitting an application for renewal along with the required documents and fees at least 30 days before the expiry of the license. The application must be accompanied by a renewal fee as prescribed by the IRDAI.

Required Documentation for IRDA License Renewal procedure

The documents required for the renewal of an IRDAI license include the following:

  • Certified copy of the Memorandum of Association and Articles of Association
  • Audited financial statements for the last 3 years
  • Details of the insurance business carried out during the previous year
  • Details of the promoters, directors, and key management personnel
  • Details of any changes in the shareholding pattern or management structure
  • Other documents, as specified by the IRDAI

IRDAI review before License Renewal

The IRDAI may conduct a review of the license before granting renewal. The review may include an inspection of the office premises, books of accounts, and Compliance with regulations. 

Why is a timely renewal of IRDAI certificates important?

It is important to ensure the renewal application is submitted well before the license expiry to avoid disruptions to the insurance business. Failure to renew the license can result in the cancellation of the license and penalties for operating without a valid license.

Our Assistance in getting the IRDAI License online in India 

The accomplished Experts at Registrationwala can aid you in getting the required IRDAI license or certification online in India in the most time- and cost-effective manner. Our services in the provision of the requisite IRDA certification include the following:

  • Drafting the IRDAI application
  • Applying for Company Name Approval on your behalf
  • Altering or Drafting the MoA and AoA of the Company
  • Compiling the requisite Documentation
  • Application filing and Submission

Validity for IRDAI Insurance License in India

The validity of an online IRDA certificate in India depends on the license type and the insurance business category. Generally, the IRDAI issues licenses for 3 years, after which they need to be renewed.

Our Services

Registrationwala holds particular expertise in filing registration applications for the following IRDAI Licenses:

Insurance Broker License

An ever-increasing number of licensed Brokers in the Indian Insurance sector has made procuring an Insurance Broker  license more difficult. Lucky for you, we have the most seasoned professionals at our end who can get you the Broker  License  on time and under budget.

 Insurance Self-Network Platform Registration

To become a facilitator for comparing your Insurance Policies, you must apply for and obtain the Insurance Self-Network    Platform registration certificate from the IRDAI.

Insurance Surveyor and Loss Assessor License

Insurers worldwide need assistance in claim-assessing to save themselves from degenerative losses. In such cases, Insurance Surveyors come in handy. Surveyor License comes with its shares of screenings, like examination, training, and registration.

Insurance Web Aggregator License

A Web Aggregator is an Insurance Policy-comparison facilitator. Many Aggregators run online platforms to provide the most suitable insurance plan option. To gain such licensing permits, you can avail of Web Aggregator Registration services at Registrationwala.


For more on IRDA-related registration services, connect with our Experts. Register your basic details with us or submit your contact number, and we will get back to you in no time.

Frequently Asked Questions

Q. Who regulates IRDA (आईआरडीए) Licenses in India?

A. Insurance Regulatory and Development Authority of India.

Q. What is irda full form?

A. Full form of IRDA is Insurance Regulatory and Development Authority (IRDA).

Q. How to get the IRDA license of your choice in India?

A. To get an IRDA license, you must follow the steps:

  • Apply for Company Registration with the MCA
  • Apply for Name change procedure, as per the IRDA license requirements
  • Draft the requisite documents and alter the MoA & AoA as per the nature of the Business
  • File the requisite online IRDAI license application and submit
  • Wait for verification and receive the license from the IRDAI

Q. What is the general validity of the IRDAI License in India?

A. The validity of an IRDA license in India depends on 3 years, after which they need to be renewed.

Q. How to cancel the IRDA agent code online?

A. To cancel your IRDA agent code you have to take NOC from your company and send it through the mail to the branch manager. Once the NOC is received, your agent code will be cancelled within 90 days.

Q. How can I apply for IRDA registration?

A. To register for IRDA registration, you have to visit the official website and fill out the application form for the grant of a certificate of registration. The set guidelines of IRDA must be fulfilled by the applicant to obtain a license.

Q. What are the different types of IRDA licenses?

A. The IRDA has provided 9 types of licenses, such as Insurance Broker, Surveyor, Corporate Agent, Insurance Marketing Firm, Life-insurer, Non-Life Insurer, Web Aggregator, Insurance Repository, and Third-Party Administrator.

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