IRDA Registration

The activity of selling Insurance (both Life, General) is regulated by the Insurance Regulating and Development Authority (IRDA) with headquarter at Hyderabad. Therefore, person or persons (individual or corporate) have to first apply for registration with the Authority before the activity of selling insurance can be undertaken.

This process of registration involves careful scrutiny of the applicants regarding their abilities to carry out the business in a way that the interests of the all the stake holders and society, at large, are protected, promoted and safeguarded.

The following entities are allowed as distributors (corporate sellers) of Insurance, as of now.

• Insurance Marketing Firm License (IMF)
• Corporate Agency License
• Insurance Broker License (Direct, Reinsurance & Composite)
• Insurance Web Aggregator License

If you desire to work as one of them, you need to know complete set of rules and regulations which have the force of law and are quite comprehensive. Normally, the ability requirements are such that someone less than a thorough professional would simply buckle under the load of learning curve and the nitty-gritty of process and procedures.

Excellife Consultants We are team of CAs, MBAs, MCAs, Lawyers & Insurance veterans with long year practical experience; assist you in accomplishing the following functions relating to registration.

• We file the application form on your behalf to get the Insurance License for your business.
• We monitor and track the status of the application on behalf of the client.
• We help you appoint the best possible officials which are mandatory to acquire IRDA license & train them as well.
• We also offer post compliance services for your insurance business.
• We also assist in renewal of licenses

Our motto is to make the entire process very smooth with considerable ease of doing business.