The insurance sector is among the major pillars of the Indian economy, accounting for over 4% of the nation\u2019s GDP. The advent of digitization has fueled the growth of this sector manyfold, reaching millions of people seeking bespoke policies. The way insurance companies operate and offer services can often lead to unexpected hassles for policy-seekers. From offering viable policies to making clients understand norms, the journey to the insurance business is not a smooth ride. That\u2019s where agents come into play as they take the load off from the insurers, allowing them to operate seamlessly with minimal lag, error, and delay. <\/p>\n\n\n\n
The insurance agent has been playing an instrumental role in uncomplicating the dynamics of insurers\u2019 operations, enabling quality services while staying aligned with IRDAI norms. In a compliance landscape, becoming a registered insurance agent, either individually or via a firm, requires following certain rules enacted by the IRDAI. This article delves deeper into these norms, revealing all the information concerning IRDAI approval for becoming a registered insurer in India.<\/p>\n\n\n\n