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Insurance Marketing Firm (IMF) Registration (IRDAI)

An Insurance Marketing Firm (IMF) is licensed by IRDAI to market and distribute insurance products along with other financial products like mutual funds, pension products, and small savings schemes. IMF is a unique multi-product distribution licence.

4.8/5
Reviewed byInsurance and regulatory compliance expert•Updated May 5 2026, 02:30 PM
Professional Fees
Loading...+ IRDAI Application Fees
Estimated Time
30-60Working Days
IMF registration under IRDAI (Registration of IMF) Regulations, 2015
Multi-product distribution (insurance + mutual funds + pension)
Principal Officer certification and training
IMF code allocation and insurer tie-up support
Annual compliance reporting advisory
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IMF Registration Overview

An Insurance Marketing Firm (IMF) is licensed by IRDAI to market and distribute insurance products along with other financial products like mutual funds, pension products, and small savings schemes. IMF is a unique multi-product distribution licence.

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

Must be a Company registered under Companies Act or an LLP.
Net worth of Rs. 10 Lakhs (for aspirational districts) or Rs. 50 Lakhs (for others).
Must employ a qualified Principal Officer and authorized Insurance Sales Persons (ISP).
Foreign Direct Investment up to 100% is allowed.

Types and Coverage

1

Insurance Marketing Firm (IMF)

A unique distribution channel allowed to sell insurance products and other financial products (mutual funds, pension products).

Benefits

1

Multi-Product Selling

Sell insurance alongside mutual funds, NPS, and small savings under one licence.

2

Rural Outreach

IMFs are promoted to improve insurance penetration in rural and semi-urban areas.

3

Low Setup Cost

Lower minimum net worth requirement compared to full insurance broker licence.

4

Regulatory Backing

IRDAI-licensed IMFs enjoy trust from insurers and SEBI-registered distributors.

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. 10 lakh) certified by CA
  • Principal Officer qualification proof and IRDAI exam clearance
  • List of directors and their background details
  • Office address proof of IMF
  • IT infrastructure plan for policy management
  • Board resolution for IMF registration

Process

Step 1

Incorporate IMF Company

Step 2

Principal Officer Training & Exam

Step 3

Prepare IRDAI Application

Step 4

Submit to IRDAI

Step 5

Scrutiny and Clarifications

Step 6

IMF Code Allotted

Step 7

Tie-up with Insurers

Step 8

Operations Begin

Why Veagle Space?

Verified
Professionals
Clear
Timelines
Transparent
Pricing
Document-led
Process

Frequently Asked Questions

How many insurers can an IMF tie up with?

An IMF can tie up with 2 Life, 2 General, and 2 Health insurance companies.

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