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Process for insurance company license in country

        RISPOSTE -> NOTIZIE GENERALI
Shradha123
Novizio
Novizio
Process for insurance company license in country
Status: OFFLINE


It is mandatory for all entities to acquire Insurance Company License before carrying on any insurance business. The license to be acquired for various categories of insurance can be procured from the IRDA, for example, Life Insurance, Fire Insurance, Marine Insurance, etc. But it is to be kept in mind that the life insurance business shall not be combined with any other type of insurance business.

A license from IRDA is mandatory. Also the old players in the arena of insurance, like the National Insurance, General Insurance, Oriental Insurance, etc., had to obtain a fresh certificate within 3 months from the date of commencement of this Act. The insurers exempted from obtaining a license under the previous Act were covered under this Act.



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Tue Sep 28, 2021 6:56 pm