Insurance Company/Broker License

Get your insurance business licensed and compliant with expert support from Finance Shelter

Picture this…

You’re launching an insurance company or brokerage, but navigating the complex licensing process with IRDAI regulations feels daunting. Delays or errors can stall your business launch and invite regulatory scrutiny.
With Finance Shelter, insurance company and broker license applications are handled end-to-end. From documentation to application filing and follow-up, we ensure timely approvals and full compliance—so you can focus on growing your insurance business.

1. Why Insurance Licensing Matters

• Regulatory mandate – IRDAI license is mandatory to operate as an insurance company or broker in India.
• Legal compliance – Avoid penalties, show-cause notices, and business interruptions.
• Market credibility – Licensed entities gain trust from customers and partners.
• Operational readiness – Enables lawful underwriting, policy issuance, and commission collection.
• Investor confidence – Licensing is critical for fundraising and partnerships.

2. Key Services We Provide

1. License Application Preparation – Assistance with filling IRDAI forms and compiling required documents.
2. Documentation Support – Guidance on financials, business plans, KYC, and other regulatory requirements.
3. Filing & Follow-up – Submit applications and coordinate with IRDAI for queries and clarifications.
4. Renewal & Compliance – Support for license renewals and ongoing regulatory compliance.
5. Advisory Services – Guidance on IRDAI regulations, capital requirements, and operational norms.

3. Finance Shelter’s 5-Step “Insurance-Ready” Protocol

1. Business Assessment – Evaluate eligibility and license type (company or broker).
2. Document Compilation – Prepare financial statements, business plans, and KYC documents.
3. Application Filing – Submit complete application with digital signatures.
4. Regulatory Liaison – Address IRDAI queries and facilitate inspections if required.
5. License Issuance & Support – Obtain license and provide ongoing compliance assistance.
   Fastest record: 30 days from application to license approval.

4. Common Pitfalls We Prevent

• Incomplete or inaccurate applications causing delays.
• Non-compliance with IRDAI capital and operational norms.
• Missing deadlines for renewals leading to license suspension.
• Poor documentation of business plans and financials.
• Lack of post-approval compliance causing regulatory action.
Our 60-point checklist ensures smooth licensing and compliance.

5. Success Snapshots

• Insurance broker – Secured IRDAI license within 28 days, enabling immediate operations.
• New insurance company – Guided through capital requirements and regulatory approvals seamlessly.
• Brokerage firm – Managed timely renewals and compliance audits with zero penalties.

7. Why Finance Shelter?

• Experienced regulatory consultants with deep IRDAI expertise.
• End-to-end service: application, documentation, filing, and compliance support.
• Transparent pricing with no hidden fees.
• Real-time WhatsApp updates and dedicated client support.
• Proven track record of timely approvals and client satisfaction.