Re: Insertion of word `Insurance Broker/Brokers/ Broking `
in the Name of Company Applying for a Broker License

The Authority has decided that all Broking Companies should have the word `Insurance Broker`/ `Insurance Brokers`/ `Insurance Broking` in the name of the Insurance Broking Company to reflect its line of activity and to enable the public to differentiate IRDA licensed insurance brokers from other non licensed insurance related entities such as consultants, risk managers etc.

Accordingly, all new applicant companies making application for insurance broker license are advised to insert the word Insurance Broker/Brokers/Broking in their company name without which the application will not be considered.



(Suresh Mathur)
Joint Director