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Insurance brokering is among the potential business models in India. The success of this business model stems from the evolving customer lifestyle and growing demand for diverse insurance products. Being an insurance broker is not just about facilitating services to the end-users; it is also about elevating transparency and inclusivity for the insurance sector.
IRDA Broking License enables entities to join forces with insurance companies and facilitate different services, including solicitation, claim processing, etc. However, no entities can perform such endevours unless they have IRDAI approval.
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