Insurance Regulation

Become a licensed insurance intermediary with IRDAI.

The Insurance Regulatory and Development Authority of India (IRDAI) requires all entities distributing, soliciting, or surveying insurance to hold a valid licence. We manage the complete IRDAI registration process.

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IRDAI Licence Issued in 30 Days^*

*Timeline is indicative and may vary based on document verification and government processing.

What is IRDAI Registration?

The Insurance Regulatory and Development Authority of India (IRDAI) is the statutory regulator for the Indian insurance sector under the IRDA Act, 1999. Any individual or entity that wants to distribute, solicit, procure, advise on, survey, or otherwise participate in the insurance value chain must obtain the relevant IRDAI licence or registration. Insurance intermediaries include Individual Agents, Corporate Agents (Banks, NBFCs, and companies), Insurance Brokers, Web Aggregators, Surveyors and Loss Assessors, Third Party Administrators (TPAs), and Motor Insurance Service Providers (MISPs). Each category has distinct net worth requirements, qualified persons' requirements, and compliance obligations. Distributing insurance without IRDAI registration is a punishable offence under the Insurance Act, 1938.

IRDAI Intermediary Categories

Individual Insurance Agent:

Licensed to solicit and procure insurance on behalf of one life insurer, one general insurer, and one health insurer. Pre-licence training of 50–100 hours required.

Corporate Agent (CA-Composite):

Companies, banks, and NBFCs distributing insurance products from up to 9 insurers (3 life + 3 general + 3 health). Minimum ₹50 lakh paid-up capital. Qualified Person mandatory.

Insurance Broker (Direct / Composite):

Product-neutral intermediary advising clients and placing business with any registered insurer. Minimum ₹75 lakh net worth. Higher compliance and reporting obligations.

Web Aggregator:

Online comparison platforms comparing insurance products from multiple insurers. Minimum ₹25 lakh net worth. Regulated website content and comparison methodology requirements.

Surveyor & Loss Assessor:

Professionals who survey damage and assess insurance claims. Qualified IRDA examination mandatory. Individual licence — no minimum net worth.

Motor Insurance Service Provider (MISP):

Automobile dealers, financing companies, and body repairers distributing motor insurance. Tie-up with at least one general insurer required.

Documents Required

Company incorporation certificate, MOA, and AOA

PAN and GST registration of the entity

Net worth certificate from Chartered Accountant (as per IRDAI minimum)

Proof of infrastructure: office premises, IT systems, and trained staff

Qualified Person's IRDAI training completion certificate and examination pass certificate

Directors' / promoters' KYC (PAN, Aadhaar, photograph, bio-data)

Detailed business plan for insurance distribution

Bank account details and audited financial statements

Our Registration Process

Identify correct IRDAI intermediary category for your business model

Ensure Qualified Person completes IRDAI training and passes examination

Prepare infrastructure, net worth documentation, and compliance framework

Create and submit application on IRDAI's Bima Sugam / intermediary registration portal

Respond to IRDAI queries and submit additional information if requested

Receive In-Principle Approval from IRDAI

Complete formalities (surety deposit if applicable) and receive final licence certificate

How It Works

Share Your Details

Fill a short form or call us. We collect your requirements and all documents online — no physical visit needed.

Expert Assignment

A dedicated specialist with expertise in your service category is assigned to your case within 24 hours of payment.

Work in Progress

Your expert prepares documents, files applications with the relevant authority, and follows up on your behalf.

Delivery

Your registration certificate, legal document, or filed return is delivered digitally to your Golden Verdict dashboard.

Get Your IRDAI Licensed Without Any Hassle

Entity category assessment, qualified persons' training verification, application preparation, IRDAI portal submission, and licence issuance follow-up.

Pricing

Custom Quote

Pricing tailored to your specific requirements

Get Your IRDAI Licensed Without Any Hassle

Entity category assessment, qualified persons' training verification, application preparation, IRDAI portal submission, and licence issuance follow-up.

Pricing

Custom Quote

Pricing tailored to your specific requirements

Why Golden Verdict For
IRDAI Registration?

IRDAI applications require demonstrated compliance with each category's regulations — net worth certificates, qualified persons' 100-hour IRDAI training completion, infrastructure documentation, and detailed business plan. Applications that lack proper documentation or do not clearly articulate the business model are rejected or called for additional information. Golden Verdict's regulatory team prepares the complete application — assesses your correct intermediary category, verifies qualified person training requirements, collates net worth and infrastructure documents, and submits on the IRDAI portal — following up until the licence is issued and guiding you on initial compliance obligations.

An IRDAI licence opens India's ₹10 lakh crore insurance distribution market to your business. Golden Verdict gets you licensed the right way.

Frequently Asked Questions

Who needs an IRDAI licence?+

Any entity or individual that solicits, distributes, procures, or advises on insurance products in India requires an IRDAI licence — including banks distributing insurance (Corporate Agent — Bank category), NBFCs, fintech apps with insurance products, standalone insurance brokers, motor dealers (MISP), loss surveyors, and third-party health administrators (TPAs).

What is the difference between a Corporate Agent and an Insurance Broker?+

A Corporate Agent can represent up to 9 insurance companies (3 life, 3 general, 3 health) and distributes their products. An Insurance Broker is a product-neutral intermediary who advises clients based on their needs and can place business with any registered insurer. Brokers are considered more independent and typically require higher net worth.

What are the net worth requirements?+

Net worth requirements vary by category: Individual Agent — no minimum; Corporate Agent — ₹50 lakh minimum paid-up capital; Insurance Broker (Direct) — ₹75 lakh; Insurance Broker (Reinsurance) — ₹4 crore; Web Aggregator — ₹25 lakh; Surveyor & Loss Assessor (individual) — no minimum; TPA — ₹1 crore.

What is a Qualified Person (QP) requirement?+

IRDAI requires every intermediary to have at least one Qualified Person — an individual who has completed the mandatory IRDAI pre-licence training (typically 100 hours for Corporate Agents, 75 hours for individuals) from IRDAI-approved training institutes, and passed the IRDAI examination. The QP must be a full-time employee or director of the entity.

How long is an IRDAI licence valid?+

IRDAI licences are typically issued for 3 years and must be renewed before expiry. Renewal requires evidence of compliance, updated net worth certificate, and payment of renewal fees. Failure to renew results in automatic lapse of the licence.

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