Insurance Broker License Cost, Process And Renewal In India

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Registrationwala
INSURANCE BROKER LICENSE GUIDE
BECOME AN INSURANCE BROKER
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Steps To Follow
Insurance
Broker License process

• Get qualified
• Application filing Application Assessment Fee
  submission
• Grant of Insurance broker license

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Insurance Broker License
As per the Insurance Regulatory and Development
Authority of India (Insurance Brokers)
Regulations, 2018, an insurance broker is
referred to a business entity who implements
their knowledge about the insurance industry to
act as an intermediary between those who are
seeking insurance policies and those who are
selling it. However, in order to become an
insurance broker, one needs to obtain an
Insurance Broker license.
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ELIGIBILITY CRITERIA FOR INSURANCE BROKER
LICENSE IN
INDIA

• Only a company, a cooperative society or an LLP
  can apply for the insurance broker license.
• Other than that, the following are the insurance
  broker requirements in terms of financial,
  net-worth and deposit.
• Minimum financial/minimum capital requirement for
  an insurance broker license

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DOCUMENTS REQUIRED FOR INSURANCE BROKER LICENSE
IN INDIA
Certificate of incorporation of the company/LLP
agreement or a Cooperative Society. Memorandum
of Association will be required if the applicant
is a company Principal officer details A duly
filled declaration List of two agents with the
required insurance broker qualifications
Certificate of incorporation Memorandum of
Association Bank account details of the
company/cooperative society/LLP Shareholders
list Principal bankers details Copy of the board
resolution Balance sheet of the company
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Our Assistance to obtain Insurance Broker
License in India
Registrationwala
We provide end to end assistance for Insurance
Broker License needs We file your application
for Insurance Broker License We submit the
application We conduct the follow up with the
department We provide post license services as
well.
Simply put, we guide your hand through each and
every step of getting Insurance Broker License
in India.
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Contact Us
We'd love to talk
PHONE NUMBER 919810602899
EMAIL ADDRESS support_at_registrationwala.com
WEBSITE www.registrationwala.com