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Home / Insurance — IRDAI / Corporate Agency Licence
Last updated: 2 October 2026
Companies, LLPs, banks, NBFCs and other entities that want to distribute insurance for multiple insurers can register with IRDAI as corporate agents. Expertvuw’s team handles eligibility, Principal Officer and Specified Person requirements, insurer tie-up planning and the IRDAI application.
A corporate agent distributes insurance products on behalf of insurers with which it has tie-ups. Corporate agents are regulated by the IRDAI (Registration of Corporate Agents) Regulations, 2015, as amended in 2022 and by the IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2026.
Registration can be for life, general, health or composite (all three). Since the 2022 amendments, a corporate agent can tie up with up to nine insurers in each line — up to 27 for a composite agent. Entities whose exclusive business is insurance distribution need share capital and net worth of ₹50 lakh; other entities such as banks and NBFCs apply as part of their wider business. The applicant appoints a Principal Officer and Specified Persons, who complete training and pass the prescribed examination.
Under the 2026 amendment, corporate agent registration is perpetual subject to an annual fee, professional indemnity insurance is mandatory for eligible corporate agents, and an NOC process applies when designated persons move between intermediaries.
Basis: Insurance Act, 1938 as amended in 2025; IRDAI (Registration of Corporate Agents) Regulations, 2015, as amended in 2022 and by the IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2026. Last updated: 27 September 2026.
Life, general, health and composite corporate agents.
Up to 9 insurers per line; up to 27 for composite agents.
₹50 lakh share capital and net worth where insurance distribution is the exclusive business.
A Principal Officer and Specified Persons with training and exam certification.
Registration is perpetual subject to an annual fee from 2026.
Professional indemnity insurance is mandatory for eligible corporate agents.
Corporate agency problems often arise after registration.
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Corporate agency connects with these services.
Broker registration with IRDAI.
IMF registration.
Ongoing intermediary compliance.
Online sale platform permission.
Choose registration type and check eligibility.
Align MoA objects where needed.
Train and certify the Principal Officer and Specified Persons.
File the application with IRDAI.
Respond to IRDAI observations.
Sign agreements with insurers after registration.
Corporate agents have ongoing obligations.
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Share your query and our team will reply during business hours.
Companies, LLPs, banks, NBFCs, co-operative societies and other eligible entities meeting IRDAI’s conditions.
Up to nine insurers in each line of business, and up to 27 for a composite corporate agent.
₹50 lakh share capital and net worth where insurance distribution is the entity’s exclusive business.
No. Under the 2026 amendment, registration is perpetual subject to an annual fee.
An employee authorised to solicit insurance business for the corporate agent, after training and passing the prescribed exam.
ACS – Director, Expertvuw Management Pvt Ltd
IRDAI applications and filings are prepared by Expertvuw’s team. Audits and certificates required by IRDAI are issued by independent Chartered Accountants, and representation before IRDAI or other authorities is made by authorised professionals or advocates. Expertvuw is not an insurer or insurance intermediary and does not sell insurance.