A direct broker license allows insurance brokers, licensed by IRDAI, to help clients with insurance coverage, risk management, reinsurance, and claims, offering expert advice for a fee.
A reinsurance broker license lets brokers arrange insurance for insurers, negotiating reinsurance contracts and ensuring optimal coverage. It requires Rs. 4 crore in capital and 50% net worth maintenance.
A composite broker license allows brokers to arrange insurance and reinsurance globally and offer risk management and claims consultancy under IRDAI regulations.
Obtaining an insurance broker license is essential to legally operate as a trusted middleman between insurers and clients. Adviso offers expert guidance on various broker license registrations.