Insure Legally. Operate Transparently.
IRDAI Registration for Insurance Businesses in India
Start Bharat helps you comply with every requirement from documentation to licensing.
OverviewThe Insurance Regulatory and Development Authority of India (IRDAI) regulates all insurance entities — insurers, agents, web aggregators, TPAs, and brokers. Without IRDAI registration, no person or company can legally distribute or underwrite insurance products in India. Start Bharat helps you navigate IRDAI’s layered application system, file documents, meet capital requirements, and gain approval to operate a legally recognized insurance business.
Who Is This For?Start Bharat’s IRDAI registration service is perfect for entrepreneurs and firms entering India’s insurance sector.
Businesses Starting Insurance Broking Firms
Professionals setting up direct, composite, or reinsurance broking companies across health, life, or general lines.
Companies Launching Life or General Insurance
Enterprises meeting capital and infrastructure norms to start full-fledged insurance firms under IRDAI guidelines.
Foreign Firms Entering Indian Insurance Market
Joint ventures or foreign investors complying with FDI and regulatory approvals to launch operations in India.
TPAs and Insurance Tech Aggregators
Entities handling claim processing, benefit administration, or online comparison/aggregation of insurance policies.
Entrepreneurs Starting Insurance Marketing Firms (IMFs)
Individuals and small businesses looking to distribute insurance under the IMF model approved by IRDAI.
Solutions OfferedStart Bharat provides end-to-end support for your IRDAI application — including advisory, compliance, and liaison.
Benefits IRDAI registration makes your insurance business legal, recognized, and eligible to operate across India.
Step-by-Step ProcessStart Bharat simplifies your IRDAI journey into four clear and compliant stages:
Share Business Goals and Category
You share your business plan, segment focus (life, general, health), and model — we guide license type and eligibility.
Draft Application & Prepare Annexures
We prepare the application form and supporting annexures like company structure, director profiles, solvency documents, and legal affidavits.
Submit Application and Respond to IRDAI Queries
Your final documents are submitted. We track the process, reply to IRDAI objections, and update records if needed.
License Issued and Post-Approval Guidance
Once approved, you receive your IRDAI license and code. We help you onboard into compliance portals and filing systems.
Frequently Asked Questions
We’ve amassed a large number of frequently asked questions (FAQs)
Anyone wanting to distribute, sell, underwrite, process, or aggregate insurance policies in India must register under IRDAI.
Includes Insurance Company (life/general), Insurance Broker, Corporate Agent, IMF, Web Aggregator, and TPA.
Depends on category:
- Insurer: ₹100 Cr (Life/General), ₹200 Cr (Reinsurance)
- Broker: ₹50L–₹5Cr
- Web Aggregator: ₹25L
IMF: ₹10L
Typically 60–120 days depending on business type and response to IRDAI queries.
Yes. Up to 74% FDI is allowed in insurance — subject to IRDAI and RBI guidelines for joint ventures and foreign promoters.
Usually 3 years. Must be renewed with compliance reports, updated documents, and prescribed fees.