Insurance Broker Registration| How to Obtain Insurance Broker License?| Corpbiz

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An Insurance Broker is a person or entity registered by the Insurance Regulatory and Development Authority of India (IRDAI) as either a direct broker, a reinsurance broker, or a composite broker. In india, we have only 665 registered insurance brokers.
Categories of Insurance Brokers:
1. Direct Broker (Life): Focuses on life insurance products.
2. Direct Broker (General): Deals with general insurance products.
3. Direct Broker (Life & General): Handles life and general insurance products.
4. Reinsurance Broker: Specializes in arranging reinsurance for clients with insurers and reinsurers both in India and abroad.
5. Composite Broker: Engages in both insurance and reinsurance brokering.
Eligible Corporate Structures:
Companies Act 2013
Partnerships registered under the Limited Liability Partnership Act, 2008.
Cooperative societies registered under the Co-operative Societies Act, 1912.
To learn more, watch the complete video.
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