Corporate Agents

Non-Refundable Fee – Rs.10,000
Registration Fee for issue of Certificate of Registration (COR) – Rs. 25000
Renewal Fee for Renewal of COR – Rs. 25000
Fee for issue of Certificates for Principal Officer/Specified Person/Authorized Verifier – Rs. 500.
Late fee for renewal of CA COR - Rs. 750

Whether the application under New Regulations to obtain Certificate of Registration (COR) has to be made by the applicant directly to the Authority without any involvement of insurer?

Yes. All applications made under IRDAI (Registration of Corporate Agents) Regulations, 2015 should be submitted directly to the Authority by the applicants the online mode

Capital Requirement for a Corporate Agent exclusively doing insurance intermediation – How it will affect the existing CA exclusively doing insurance business?

As per the New Regulations, a Corporate Agent exclusively doing insurance intermediation should have a minimum share capital or contribution and net worth of Rupees Fifty Lakh and it should be maintained a net worth of Rupees Fifty Lakh at all times.

The Existing Corporate Agents exclusively doing insurance intermediation, also will have to be compliant with New Regulations before applying for obtaining Certificate of Registration in order to carry out their activities continuously w.e.f. 01.04.2016.

Whether submitting Board approved open architecture policy is mandatory even if the corporate agent wishes to have single tie-up or is required only for multiple tie-up?

Yes. Every corporate agent shall file, at the time of seeking registration, with the Authority, a Board or its equivalent Approved Policy on the manner of soliciting and servicing insurance products. The Policy, amongst others, shall include the approach to be followed by the corporate agent in having single or multiple tie-ups, the partners in the tie-ups, the business mix, the type of products sold, grievance redressal mechanism and reporting requirements.

VIEW ALL

Corporate Agents

What’s New

आईआरडीएआई (बीमाकर्ताओं के लिए कंपनी अभिशासन) विनियम, 2024 / IRDAI (Corporate Governance for Insurers) Regulations, 2024 1.22 MB

पॉलिसीधारकों की सेवा - चालू वित्तीय वर्ष 2023-24 के लिए विशेष उपाय / Servicing to the policyholders - Special Measure for the current Financial Year 2023-24 0.33 MB

वित्तीय वर्ष 2024-25 के लिए अनिवार्य अध्यर्पण / Obligatory Cession for the financial year 2024-25 0.61 MB

एक्सपोज़र प्रारुप ईओएम विनियम, 2023 / Exposure Draft EoM Regulations, 2023 0.29 MB

बैंकेश्योरेंस माध्यम संबंधी कार्य-बल / Taskforce on Bancassurance Channel 1.41 MB

राष्ट्रीय साइबर सुरक्षा जागरूकता माह (एनसीएसएएम) का आयोजन - अक्टूबर 2023 / Observing National Cyber Security Awareness Month (NCSAM)- October 2023 0.56 MB

आईआरडीएआई बीमा वाहक दिशानिर्देश, 2023 / IRDAI Bima Vahak Guidelines, 2023 0.72 MB

साइबर सुरक्षा संबंधी अंतर-अनुशासन स्थायी समिति का गठन / Constitution of Inter-Disciplinary Standing Committee on Cyber Security 0.98 MB

एक्सपोज़र प्रारूप - ग्राहक सूचना पत्रक / अपनी पालिसी जानिए / Exposure Draft-Customer Information Sheet_ Know Your Policy 0.19 MB

प्रेस विज्ञप्ति - हिमाचल प्रदेश में बाढ़ / Press Release - Floods in Himachal Pradesh 0.65 MB

प्रेस विज्ञप्ति बिपरजॉय दावा / Press Release_Biparjoy Claims 0.25 MB

अतिरिक्त परिपत्रों/दिशानिर्देशों/स्पष्टीकरणों आदि का निरसन / Repealing of redundant Circulars/Guidelines/Clarifications etc 0.83 MB

सहारा इंडिया लाइफ इंश्योरेंस कंपनी लिमिटेड - Sahara India Life Insurance Co. Ltd 0.02 MB

भारतीय बीमा कंपनी के पंजीकरण संबंधी मास्टर परिपत्र, 2023 / Master Circular on Registration of Indian Insurance Company, 2023 1.29 MB

निवेशों संबंधी परामर्शदात्री समिति का गठन / Formation of Consultative Committee on Investments 0.71 MB