IRDAI Corporate Agency License: Your Gateway to Insurance Distribution


 Stepping into the world of insurance distribution means more than selling policies—it’s about building trust, shaping protection for others, and creating a structure that runs smoothly and reliably. For many organisations, obtaining an IRDAI Corporate Agency License is the pivotal first step to making that vision real.

At Helios Global, we’ve helped businesses transform from “we want to sell insurance” to “we are authorised, operating and growing as a corporate agent”.

What Is an IRDAI Corporate Agency License?

In simple terms, this is a certificate issued by the Insurance Regulatory and Development Authority of India (IRDAI) under its “Registration of Corporate Agents Regulations, 2015” that authorises an entity to solicit, procure and service insurance business across one or more insurers.

It’s the licence that tells the world: you are regulated, you are credible, you are ready to operate.

Why It Matters

  • Credibility for Clients: Holding the licence signals to customers and insurers that you’re not just a vendor—you’re a regulated partner.

  • Operational Freedom: With the licence, your entity can approach insurers, tie-up, distribute products, service policies—and grow.

  • Regulatory Compliance: The insurance sector is tightly regulated. The licence sets the foundation for compliance, transparency and longevity.

  • Business Growth: Having the licence unlocks access to multiple product lines (life, general, health) and helps you scale beyond ad-hoc distribution.

Who Can Apply & What’s Required

According to IRDAI’s regulations, the applicant must be one of the following types of entities:

  • A company formed under the Companies Act

  • A limited liability partnership (LLP) under the LLP Act

  • A cooperative society, or certain banks/financial institutions recognised under law 

Additional requirements include:

  • Minimum share capital or contribution if you are exclusively doing insurance intermediation: at least ₹ 50 lakh and maintaining net worth of the same amount.

  • A Board-approved open-architecture policy describing how you will tie-up with insurers, business mix, grievance redressal, disclosures.

  • Evidence of infrastructure: trained personnel, office space, equipment, location details.

And, of course, the application has to be filed correctly through the IRDAI portal, with all required documents and fees.

How to Apply & What to Expect

  1. Get ready: Ensure your business entity is set up, your key person (Principal Officer) is identified and trained, infrastructure is in place.

  2. Draft your board policy: This needs to clearly articulate your approach to tie-ups, product distribution, servicing and complaints.

  3. File with IRDAI: Submit the online application in the prescribed form, upload documents (net worth certificate, MOA/AOA, organisation chart, etc).

  4. Pay fees: There are standard fees and the certification will follow after approval. 

  5. Post-grant: After the licence is granted, you enter into tie-ups with insurers (within limits), start distribution, maintain returns and compliance. 

Throughout this process, working with a trusted advisor like Helios Global can make a significant difference in timelines, documentation quality and readiness for operation.

Common Mistakes to Avoid

  • Applying before key person training is complete or infrastructure is established.

  • Writing a board policy that’s generic or incomplete—not reflecting your actual business model.

  • Ignoring the post-licence compliance obligations (returns, tie-up disclosures, grievance mechanisms).

  • Under-estimating required net worth or capital thresholds.

  • Over-looking the “single vs multiple tie-up” conditions or category limits (life, general, health).

With proper guidance from Helios Global, you can avoid these missteps and launch with confidence.

Why Helios Global?

Choosing Helios Global means you get not just support for the licence application—but a partner who understands the insurance distribution business. We help you align your entity, your people, your processes and your future growth strategy. The licence becomes part of your growth engine—not just a box to check.

Final Thoughts

An IRDAI Corporate Agency License is more than an approval—it’s your ticket to operate, scale and serve in the insurance market. Getting it right helps you build credibility, protect your business and offer real value to clients.

If you’re exploring this path or already in process, bring in the right support. With Helios Global guiding you, your journey towards becoming a regulated and successful corporate agent is not just possible—it’s practical.

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