IRDAI Insurance Broking / Web Aggregator License
Obtain RBI-regulated authorization to broker or aggregate insurance products in India
Getting your paperwork right the first time is the biggest factor in how fast irdai insurance broking / web aggregator license completes. Below is the complete document checklist — what's mandatory, what's situational, and how each item is used — so you can assemble everything before you begin.
Documents Required
Items marked Required are mandatory; others are situational.
Entity and Capital
- Company incorporated under Companies Act, 2013Required
- Minimum paid-up capital deposited in bank accountRequired
- Bank certificate confirming capitalRequired
- Shareholding pattern documented and FDI approvals obtained if applicableRequired
Principal Officer
- Principal Officer identified and appointedRequired
- Insurance Institute of India qualification certificate obtainedRequired
- IRDAI prior approval for Principal Officer applied forRequired
- Employment agreement with Principal Officer executedRequired
Documentation
- Business plan prepared covering product lines and financialsRequired
- IT security and data protection policy preparedRequired
- Fit and proper declarations from all directors and promotersRequired
- Draft tie-up agreements with at least two insurersRequired
- Office infrastructure evidence (lease, equipment list)Required
Post-License
- Compliance calendar set up for quarterly and annual IRDAI returnsRequired
- Record-keeping systems implemented per IRDAI prescriptionRequired
- Insurer tie-up agreements finalized and signedRequired
Tips to avoid delays
- Keep digital copies (PDF or clear photos) of every document ready before you start.
- Make sure names and addresses match exactly across all documents — mismatches are the single most common cause of rejection.
- Use current, unexpired government-issued IDs, and have both originals and self-attested copies on hand.
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IRDAI Insurance Broking / Web Aggregator License
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