The Indian financial services sector has seen tremendous evolution in the last decade, particularly in the insurance space. With rising awareness and regulatory support, corporate agency licenses have become a powerful avenue for businesses to diversify and scale their financial offerings. If you’re considering entering the insurance distribution business, obtaining a Corporate Agency License in India is a strategic step forward. And at HeliosGlobal, we simplify that journey for you.
What Is a Corporate Agency License?
A Corporate Agency License is issued by the Insurance Regulatory and Development Authority of India (IRDAI) to entities that wish to act as a corporate agent for insurance companies. These agents can sell insurance policies — life, general, or health — on behalf of insurers.
There are three types of licenses under this category:
- Corporate Agent – Life
- Corporate Agent – General
- Corporate Agent – Health
A corporate agent can tie up with up to three insurers per category, offering flexibility and diversity in product offerings.
Why Apply for a Corporate Agency License?
- Revenue Diversification: Earn commissions by offering insurance products to your existing clientele.
- Value Addition: Provide comprehensive financial services under one roof.
- Brand Credibility: A licensed agency is viewed as a trusted advisor in the financial ecosystem.
- Low Operational Cost: No need to build products—just partner and distribute.
Key Requirements
To apply for a Corporate Agency License, an entity must:
- Be a registered company, LLP, bank, NBFC, or cooperative society.
- Appoint a Principal Officer with the requisite IRDAI certification.
- Have trained Specified Persons (SPs) to sell and service insurance products.
- Maintain minimum net worth as per IRDAI norms.
- Submit necessary documents including business plan, infrastructure details, and compliance declarations.
The IRDAI typically processes applications within 60 days, subject to compliance with all regulatory norms.
HeliosGlobal: Your Trusted Partner in Licensing & Compliance
At HeliosGlobal, we specialize in end-to-end support for Corporate Agency Licensing in India. From documentation and training to regulatory liaisons and audit preparedness, we ensure a seamless experience. With a deep understanding of IRDAI protocols and a client-first approach, we’ve helped dozens of institutions secure their licenses with speed and efficiency.
Our Services Include:
- Eligibility assessment & business model alignment
- Application drafting and submission
- Principal Officer training coordination
- Liaison with IRDAI and regulatory follow-ups
- Post-licensing compliance support
We understand that entering the insurance distribution space is not just a regulatory step—it’s a strategic business move. Our experts are here to ensure you launch with confidence and credibility.
Final Thoughts
India’s insurance sector is poised for exponential growth, and a Corporate Agency License is your ticket to becoming a vital part of that ecosystem. Whether you’re a startup, a fintech firm, or an established business looking to expand, HeliosGlobal is your dedicated partner for licensing, compliance, and beyond.
Ready to become a licensed Corporate Agent?
Visit www.heliosglobal.in or contact us to get started.
The Indian financial services sector has seen tremendous evolution in the last decade, particularly in the insurance space. With rising awareness and regulatory support, corporate agency licenses have become a powerful avenue for businesses to diversify and scale their financial offerings. If you’re considering entering the insurance distribution business, obtaining a Corporate Agency License in India is a strategic step forward. And at HeliosGlobal, we simplify that journey for you.
