Insurance brokers need to expand their biz into smaller cities, rural areas: IRDAI Chief
The IRDAI Chairman Subhash Khuntia said that the insurance broking companies are required to expand their business in smaller cities Read more
insurance brokers
Clarification regarding electronic form of written mandate for Insurance Brokers
Regulations 27(4), 28(e) and 30(1) & (2) of IRDAI (Insurance Brokers) Regulations 2018 require written mandate from the clients to Read more
IRDAI clarifications on Annual licence fee of Insurance Brokers
To The Principal Officers, All Insurance Brokers,Re : Clarifications on a) Annual licence fee payable by licensed broking entities for the year Read more
HOW INSURANCE BROKERS VIOLATE THE IRDAI REGULATIONS ?
The demand for insurance Brokers is growing steadily in the industry. Unlike insurance agents, who represent the insurer, an insurance Read more
Final report on Insurance Sub Broking : IRDA
Various stakeholders have been requesting the Authority to consider sub broking system as prevalent in other jurisdictions. At present many insurers and brokers are mainly operating in and around big cities. Read more
IRDA rejects application of MS S K INSURANCE BROKING LTD
ORDER IN RESPECT OF M/S, S. K. INSURANCE BROKING LIMITED, IRDA/BRK/MISC/ORD/005/01/2013, Â DT: 07.01.2013
Read moreCANCELLATION OF BROKER LICENSE NO.374, IRDA Circular/BRK/ORD/LC/001/01/2013, Dt: 02/01/13
Whereas M/S AMBIT INSURANCE BROKING & ADVISORY PVT LETD. (hereinafter referred to as the ‘Broker’), having its Registered Office at ‘Ambit House’, 449, Senapati Bapat Marg, Lower Parel, Mumbai 40001 has been granted license by the Authority to act as a Direct Broker vide License No.374 w.e.f. 6.5.2008 for a period of three years pursuant to the provisions of the IRDA (Insurance Brokers) Regulations, 2012. Read more
Interview with President, Insurance Brokers Association of India
Interview with Mr Sohal Lal Kadel, President, Insurance Brokers Association of India as published in The Insurance Times Journal Read more
IRDA revises provisions for Consultancy by Insurance Brokers
The Insurance Regulatory and Development Authority (Insurance Brokers) Regulations, 2002 have laid down the functions of a Direct Broker in Regulation 3. Regulations 3(e) and 3(j) envisage that an insurance broker should render advice to a client on appropriate insurance cover and terms and assist in the negotiations of claims. Read more
