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The financial services landscape is not the same today as it once was. It is now more inclusive and dedicated to promoting financial security in India. This massive transformation is governed by ever-thriving demand for insurance products, and a licensed…
Ever wondered what the Tripartite Agreement is and why it is a bedrock to compliance in the IRDAI sector? The Tripartite Agreement is a legal agreement that is of utmost importance for FinTech, banks, and Third Party Administrator (TPA). IRDAI…
An IRDAI insurance broker license gives your firm the legal authority to solicit, negotiate, and place insurance and reinsurance business across India. Licensed brokers can represent clients across life, general, and reinsurance segments, earn regulated brokerage income, and build institutional…
A Third Party Administrator license lets companies handle health insurance work for insurance companies. The Third Party Administrator helps process claims, approves hospital treatments, and supports customers. To become a TPA, companies need permission from IRDAI (Insurance Regulatory and Development…
The demand for insurance products in India is touching new benchmarks every passing year. The insurance sector stands as the strongest pillar of the Indian economy, offering the holy grail of opportunities to entrepreneurs. If you want to kickstart a…
In the world of insurance, the two most common terminologies are the insurance agent and the insurance Broker. While they sound similar, they adhere to several differences and serve distinct roles and responsibilities. That said, here is everything you need…
In the fast-paced world, everyone needs safety for themselves and their families. That’s where different insurance products step in. Over the past years, the demand for insurance products has skyrocketed, given the rising medical expenses and inflation. These products provide…
Picture this: You are in for an exciting corporate journey, have already registered the company, and are about to throttle operations. Everything was smooth sailing for you until you hit a roadblock – a revised tax slab, which dented your…
While the previous budget seems fairly capable on paper, it has many loose ends according to experts. These include stringent taxes, impractical incentives for MSMEs, feeble credit facilitation, stern duty on life-saving drugs, so on and so forth. Nevertheless, the…
Improved business performance is the last thing that every entrepreneur wants aside from improved ROI. However, keeping the performance intact can be taxing unless you have a clear roadmap and comprehensive control over all business functions, such as operation, accounting,…