Valuexpert Consulting Pvt Ltd
HomeLicenses & RegistrationsCorporate Agent Licence
Secure consultation and document-led service workflow

Corporate Agent Licence (IRDAI)

A Corporate Agent is licensed by IRDAI to solicit and procure insurance on behalf of up to 3 life, 3 general, and 3 health insurers. It is ideal for banks, NBFCs, microfinance institutions, and financial service companies.

4.8/5
Reviewed byInsurance and regulatory compliance expertUpdated May 5 2026, 02:30 PM
Professional Fees
Loading...+ IRDAI Application Fees
Estimated Time
30-60Working Days
IRDAI Form CA-1 application filing
Principal Officer certification (IRDAI exam support)
Corporate Agent code for up to 3 insurers per segment
Compliance advisory for IRDAI CA Regulations, 2015
Annual regulatory reporting support
Loading form...
WHY CHOOSE US
Start-up friendly10,000+ Satisfied ClientsNever Miss Deadline ApproachSimple and Easy ApproachStart-up friendly10,000+ Satisfied ClientsNever Miss Deadline ApproachSimple and Easy ApproachStart-up friendly10,000+ Satisfied ClientsNever Miss Deadline ApproachSimple and Easy Approach

Corporate Agent Licence Overview

Allows a corporate entity to solicit and procure insurance business from its existing client base (often seen in bancassurance).

Establishing a formalized structure through Corporate Agent Licence is a critical milestone. It not only grants you legal recognition and credibility in the market but also offers significant operational advantages. This includes limited liability protection, better access to formal credit and funding, and the ability to attract top-tier talent and partnerships. We ensure that your foundational compliance is rock-solid from day one.

Our team helps with eligibility checks, document collection, application preparation, filing, and follow-up support so the process stays clear from start to finish.

Eligibility

Entities like Banks, NBFCs, Cooperative Societies, or specific registered companies with a minimum net worth of Rs. 50 Lakhs.

Minimum ₹50 Lakhs Net Worth
Principal Officer Required
Specified Persons Trained
No Conflict of Interest

Benefits

Multi-Insurer Access

Partner with up to 9 insurers (3 each for life, general, health) for diverse product offerings.

Higher Commissions

Corporate agents earn higher commissions than individual agents.

Suitable for Banks/NBFCs

Ideal for bancassurance — leverage existing client base for insurance cross-selling.

Regulatory Recognition

IRDAI licence gives you recognized status in the insurance distribution ecosystem.

Documents Required

  • Certificate of Incorporation of the company
  • Memorandum and Articles of Association
  • Net worth certificate (minimum Rs. 50 lakh) certified by CA
  • Audited financial statements (last 3 years)
  • Principal Officer details (must pass IRDAI exam with 50+ marks)
  • Qualification proof of Principal Officer (graduate minimum)
  • Background verification of directors and Principal Officer
  • Board resolution for Corporate Agent application
  • IT infrastructure details for policy management
  • List of proposed insurance partner companies

Process

Step 1

Ensure Capital Adequacy

Maintain the minimum net worth of Rs. 50 Lakhs.

Step 2

Appoint PO & SPs

Principal Officer and Specified Persons must complete training and pass exams.

Step 3

Draft Board Resolution

Pass a resolution to apply for the license.

Step 4

File Application with IRDAI

Submit the necessary forms with business plans and tie-up letters.

Step 5

IRDAI Review

IRDAI evaluates the application and background of directors.

Step 6

Receive License

Obtain the Corporate Agent License valid for 3 years.

Timeline

Processing of a Corporate Agent License application by the IRDAI typically takes 2 to 4 months from the date of complete submission.

Why Valuexpert?

Verified
Professionals
Clear
Timelines
Transparent
Pricing
Document-led
Process

Frequently Asked Questions

How many insurance companies can a Corporate Agent tie up with?

A Corporate Agent can tie up with a maximum of three Life, three General, and three Health insurance companies.

Who is a 'Specified Person'?

A Specified Person is an employee of the Corporate Agent who is trained, examined, and authorized by IRDAI to solicit insurance business.

Is it different from an Insurance Broker?

Yes. A broker represents the customer and can sell products from any insurer, whereas a Corporate Agent represents specific insurance companies (max 3 per category).

Can an NBFC become a Corporate Agent?

Yes, NBFCs often obtain this license to offer insurance products to their loan customers.

What our customers say

Other Important Pages Related to Licenses & Registrations

WhatsAppFacebookInstagramLinkedInYouTube