Latest IRDAI Guidelines for Corporate Agent License

Posted by registrationwala 1 week ago (https://www.registrationwala.com/knowledge-base/post/insurance/latest-irdai-guidelines-for-corporate-agent-license)
Business

Description: Stay updated with the latest IRDAI guidelines for Corporate Agent License in India. As per recent regulatory changes, IRDAI has introduced a perpetual registration model, replacing the earlier 3-year renewal cycle for insurance intermediaries, including corporate agents. This means once registered, entities can continue operations by maintaining compliance and paying the prescribed annual fee. The guidelines also emphasize minimum net worth, principal officer qualifications, infrastructure readiness, code of conduct, and strict cyber security compliance standards. This update is crucial for businesses planning to enter the insurance distribution sector and operate under IRDAI norms legally and efficiently.

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