How to Get an Insurance Broker License in India? Complete Guide 2026
Starting an insurance broking business can be a promising opportunity for entrepreneurs who want to work in India's growing insurance sector. However, before selling or arranging insurance policies as an insurance broker, a business must obtain registration from the Insurance Regulatory and Development Authority of India (IRDAI). An Insurance Broker License is official permission that allows an eligible business to operate as an insurance broker under the applicable IRDAI regulations. Let's understand the registration process, eligibility, documents, capital requirements and recent regulatory changes. What Is an Insurance Broker License? An insurance broker acts as a link between insurance companies and customers. Unlike an insurance agent who generally represents a particular insurer, an insurance broker can help customers compare insurance options from different insurers, understand policy conditions and select suitable coverage. Insurance brokers may assist with: Understand...