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FAQs
What is Insurance Self Network Platform (ISNP?)
Insurance Self-Network Platform means an electronic platform set-up by any applicant with the permission of the Authority.
Who can setup ISNP? What is the eligibility criteria to setup ISNP?
ISNP can be set up by any insurer or insurance intermediary like Brokers, Corporate agents and web aggregators.
Do we need to pass any exam or apply for the permission to set up the platform?
There is no exam. You need to have a Web/ Mobile platform to sell and service insurance policies across life and non-life insurance companies.
I am an insurance tied agent. Can I set up ISNP?
No. You need to use the existing platform of the respective insurance company.
What is the process for setting up ISNP?
Step 1: You can express your intent by pre-registering on the portal isnp.irda.gov.in.
Once you register on the portal with your existing license, you will receive a mail confirmation with the URL, login credentials and pre-requisites for joining the platform
Step 2: You can login to the portal and submit the form online. Upon successful submission of the form, you will receive a printable PDF on your registered email.
You can submit the proposal along with a non-refundable fee of ₹ 10,000/-
Step 3: You will be given 60 days to setup the platform and get certified by the registered certification bodies.