Home   >>    Insurance   >>    Life Insurance   >>     Overview

IRDA may permit Rs 1 lakh capital for corporate agents

Any person or a firm with a low capital base of Rs 1 lakh is likely to act as corporate agents of insurance companies and sell policies through their agents.

Apnainsurance.com Research Bureau

14 May 2008

An individual or a firm with a low capital base of Rs 1 lakh is likely to act as corporate agents of insurance companies and sell policies through their agents, only if Insurance Regulatory and Development Authority (IRDA) approves it.

The report also says that this will also help firms and NGOs to undertake insurance intermediation.