Insurance Marketing Firm (IMF) is a robust distribution channel that ensures financial inclusivity for people seeking flexible insurance products. IMF was conceptualized by IRDAI in 2015 to promote the reach of diverse insurance products, allowing individuals to have increased financial…
Qualification for insurance Surveyor plays a vital role in shaping skilled professionals who support insurers in managing risk and claims efficiently. Insurance surveyors’ contribution towards insurers’ growth has been nothing short of instrumental. They have long been serving as an…
In today’s dynamic world, Insurance Repository Registration is becoming an important step for policyholders who want a safer and more organized way to manage their insurance policies. Insurance acts as a strong safety cushion that helps people handle risks such…
Web aggregators play a pivotal role in boosting the insurance sector. Being a web-based portal, web aggregators mitigate various burdens of the insurers by enabling services like policy comparison, KYC, policy issuance per IRDAI guidelines, etc. One of the prominent…
Regulators globally must secure customers’ interests without being overly stringent, paving the holistic environment wherein growth can prevail seamlessly. The concept of Regulatory Sandbox endorses this statement by enabling regulators to work closely with up-and-coming companies. Although not matured, authorities…
The insurance industry in India is undergoing a transformational shift thanks to the thriving demand for insurance products and the changing lifestyle of Indians. There are a number of companies that are willing to be a part of this existing…
The insurance marketing firm regulations were released by IRDAI i.e. Insurance Regulatory and Development Authority of India, aiming to streamline the registration and operation of Insurance Marketing Firms (IMFs). The insurance industry attracts stringent compliances to stay transparent and legitimate,…
Health insurance third-party administrators’ (TPAs) contribution to the insurance sector is unprecedented. They have, in fact, transformed the way insurance products are being promoted, sold, and processed. From solicitation to claim settlement, these professionals play an instrumental role a fostering…
The financial and insurance sectors heavily rely on brokers for various endevours like product promotion, risk assessment, specialized advisory, etc. If you want to comprehend the broker license requirements, this guide has your back as it spans all information from…
The Insurance Regulatory and Development Authority of India (IRDAI) is an apex government body that regulates insurance sectors in its entirety. From general, automobile to health insurance, every insurance vertical falls under the IRDAI’s ambit. Speaking of health insurance, IRDAI…