|
Obtain all your Corporate Agent License hassle-free with Adviso at your convenience.
A corporate agent license in India permits an Indian company or LLP to conduct insurance transactions between the policyholder and the underwriter. The corporate agent engages in such activities as insurance-related business and promotes sales of insurance goods on behalf of some insurers. In this regard, the corporate entity obtains the Insurance Corporate Agent License that allows it to act as an intermediate and sell the insurance services. IRDAI, which regulates the insurance sector in India, governs this license. A Corporate Insurance Agent differs from a Licensed Individual Insurance Agent, as the former is a corporate body. At the same time, the latter is licensed as an individual insurance agent. With the corporate agent license, insurance sales will be more structured and systematic while representing many insurers for them and providing advisory services to firms on insurance matters.
However, various categories of licenses can be assigned depending on the specific insurance policies authorized to be sold by the corporate agent. Composite Corporate Agent Licenses for different insurance categories, Life Insurance Corporate Agent Licenses, and General Insurance Corporate Agent License.
|