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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.

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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
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Corporate Agent Licence Overview

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.

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 & Requirements

Entities like Companies, LLPs, Banks, or NBFCs.
Minimum capital requirement of Rs. 50 Lakhs (for exclusive corporate agents).
Principal Officer must undergo 50 hours of IRDAI training and pass the exam.
Must not be engaged in any other insurance intermediation business.

Types and Coverage

1

Corporate Agent (Life)

Can tie up with up to 3 Life Insurance companies.

2

Corporate Agent (General)

Can tie up with up to 3 General Insurance companies.

3

Corporate Agent (Composite)

Can tie up with up to 3 Life, 3 General, and 3 Health Insurers.

Benefits

1

Multi-Insurer Access

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

2

Higher Commissions

Corporate agents earn higher commissions than individual agents.

3

Suitable for Banks/NBFCs

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

4

Regulatory Recognition

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

Fees

Professional fee starts atLoading...
Government fees+ IRDAI Application Fees

Timeline

Estimated completion30-60 Working Days

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

Incorporate Company

Step 2

Principal Officer Exam

Step 3

Prepare Application (CA-1)

Step 4

Submit to IRDAI

Step 5

IRDAI Scrutiny

Step 6

In-Principle Approval

Step 7

Tie-up with Insurers

Step 8

Final Licence Issuance

Why Veagle Space?

Verified
Professionals
Clear
Timelines
Transparent
Pricing
Document-led
Process

Frequently Asked Questions

Can an individual apply for a Corporate Agent License?

No, individuals can apply as standard Insurance Agents. Corporate agency is strictly for corporate entities.

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