The insurance industry in India is growing at a faster rate than ever. With more people looking for financial protection and insurance awareness on the rise, it’s the perfect time for companies to enter this space.
But before you can sell or distribute insurance products, you need one crucial thing — a Corporate Agency Licence from the Insurance Regulatory and Development Authority of India (IRDAI).
If you’re wondering how to get a Corporate Agency Licence, here’s everything you need to know in simple terms.
What Is a Corporate Agency Licence?
A Corporate Agency Licence allows an organization — like a bank, NBFC, or private company — to act as an insurance distributor.
Once licensed, your company can sell:
- Life insurance products
- General insurance (motor, travel, property, etc.)
- Health insurance policies
However, as per IRDAI rules, a corporate agent can tie up with only one insurer per category — one life, one general, and one health insurer.
This ensures fair play and avoids bias in selling policies.
Who Can Apply for a Corporate Agency Licence?
You can apply for a Corporate Agency Licence in India if your organization is:
- A company registered under the Companies Act
- A bank, NBFC, or housing finance company
- A cooperative society, NGO, or microfinance institution
The key is — you must be a registered legal entity with a clean financial record and a clear governance structure.
IRDAI Eligibility and Capital Requirements
To get the licence, the applicant must meet IRDAI’s financial and operational criteria. Here’s what’s needed:
- Minimum capital: ₹50 lakh (for most categories)
- Net worth: Must be maintained throughout the licence period
- Trained personnel: At least one “Designated Person” (DP) must complete IRDAI-approved training and pass the certification exam
- Proper infrastructure: Office, staff, and systems to handle insurance operations
These checks ensure only credible and capable organizations become corporate agents.
Documents Required for the Application
Here’s a quick list of documents needed for the Corporate Agency Licence application:
✅ Certificate of Incorporation under the Companies Act
✅ Memorandum & Articles of Association (MOA/AOA)
✅ Board Resolution approving the agency proposal
✅ Audited financial statements for the last 3 years
✅ Net worth certificate from a chartered accountant
✅ Details and qualification proof of designated persons
✅ Fit and proper declaration for directors
✅ IRDAI Form A and supporting annexures
All documents must be submitted to IRDAI for review.
Step-by-Step Process to Get a Corporate Agency Licence
- Prepare your company setup – Ensure your objectives include “insurance distribution” in the MOA.
- Nominate your Designated Person (DP) – The DP must undergo IRDAI-certified training and pass the exam.
- Submit the application – File Form A along with all documents and fees to the IRDAI.
- Wait for verification – IRDAI reviews your financials, structure, and personnel.
- Get approval – Once satisfied, the IRDAI grants your Corporate Agency Licence, valid for three years.
After this, your company can officially start distributing insurance products under the approved categories.
How HeliosGlobal Can Help
Getting licensed might sound complex — but with the right guidance, it becomes easy.
That’s where HeliosGlobal comes in.
HeliosGlobal is a trusted consulting partner that helps companies obtain and manage their Corporate Agency Licence under IRDAI regulations.
From preparing documents and coordinating training to handling compliance and renewals — HeliosGlobal ensures a smooth, error-free licensing journey.
Their expertise saves you time, prevents rejections, and helps your business become an approved insurance distributor faster.
Final Thoughts
Understanding how to get a Corporate Agency Licence is the first step toward becoming a recognized player in India’s fast-growing insurance market.
With a valid IRDAI licence, your company can expand its offerings, strengthen customer trust, and unlock new revenue opportunities.
If you want to make the process simple and compliant, partner with HeliosGlobal — your expert guide in insurance licensing and regulatory support.
