Insurance Broker License

An insurance broker arranges insurance for clients across insurers, and must be licensed by IRDAI under the Insurance Brokers Regulations — as a direct, reinsurance, or composite broker — meeting the prescribed capital, qualification, and infrastructure requirements.

This is a specialised, sector-specific licence. The firm advises on the category, capital, and process and coordinates the application with insurance-sector specialists; it will confirm scope before taking it on.

1. 01

   Assess

   Establish the broker category, capital, and qualifications needed.

2. 02

   Structure

   Set up the entity and the principal officer and infrastructure.

3. 03

   Apply

   Compile and support the IRDAI broker application with specialists.

4. 04

   Licence

   Support the process through to the grant of the licence.

PBT assesses the route honestly and coordinates the specialists.

• A candid read of category, capital, and qualifications
• Entity structuring and application support
• Coordination with insurance-sector specialists
• Scope confirmed before we proceed
• Fees agreed in writing up front

• What categories of insurance broker are there?

  Direct, reinsurance, and composite brokers, each with its own capital and scope. We advise on the right category for your business.

• What does an insurance broker licence require?

  Prescribed minimum capital, a qualified principal officer, the required infrastructure, and fit-and-proper directors. We assess your readiness against these.

• How long does it take?

  The IRDAI broker licensing process runs over several months through scrutiny and approval.