At S Choudhary & Co., we provide specialised advisory and compliance services for the insurance broking sector. From setting up an insurance broking company and obtaining IRDAI licensing to ongoing regulatory compliance, we help entrepreneurs and corporates enter and operate in this regulated industry with confidence.
Our Insurance Broking Services
- IRDAI Broking Licence — application, documentation, and liaison for direct, reinsurance, and composite broker licences.
- Company Setup — incorporating the broking entity with the right capital structure.
- Regulatory Compliance — net worth, deposit, and reporting requirements under IRDAI regulations.
- Renewal & Amendments — licence renewal and changes in control or directors.
- Corporate Governance — board, KMP, and statutory compliance.
- Ongoing Advisory — keeping pace with evolving IRDAI norms.
Setting Up an Insurance Broking Company
An insurance broker must be a company with the prescribed minimum capital, meet IRDAI’s “fit and proper” and net-worth criteria, employ qualified principal officers, and maintain a professional indemnity policy. We manage the full journey — from incorporation to licensing and compliance.
Why Choose S Choudhary & Co.?
- Regulatory expertise across IRDAI and corporate law.
- End-to-end handling — setup, licensing, and ongoing compliance.
- Governance support from experienced Company Secretaries.
- Single point of accountability for your regulated business.
Frequently Asked Questions
Who can set up an insurance broking company?
A company meeting IRDAI’s capital, net-worth, and fit-and-proper requirements, with a qualified principal officer.
What licences does IRDAI issue to brokers?
Direct broker, reinsurance broker, and composite broker licences, depending on the intended activity.
Is a minimum capital required?
Yes — IRDAI prescribes a minimum capital and net worth that must be maintained on an ongoing basis.
Do you handle licence renewals?
Yes — we manage renewals, amendments, and ongoing regulatory reporting.
Enter the Insurance Broking Sector with Confidence
Get expert help with setup, licensing, and compliance. Call +91 90248 28295 or email sushil@sushilchoudhary.com.
📍 S-226, Time Square, Central Spine, Vidhyadhar Nagar, Jaipur 302039, Rajasthan