Thinking about starting your own insurance brokerage? One of the first things you’ll want to know is the cost of an insurance broker license in India.
The Insurance Regulatory and Development Authority of India (IRDAI) sets specific capital and compliance requirements for every applicant. The actual cost depends on the type of broker license you choose:
Direct Broker: ₹75 lakh minimum capital
Reinsurance Broker: ₹4 crore
Composite Broker: ₹5 crore
In addition to capital, you’ll need to plan for office setup, staff training, registration fees, and compliance expenses. These costs ensure your brokerage meets IRDAI’s professional standards.
At Helios Global, we make this complex process simple and transparent. Our experts help you understand every cost component, prepare documentation, and ensure a smooth IRDAI approval. We guide you from start to license — saving you time, effort, and unnecessary expenses.
Getting licensed might seem costly at first, but it’s a long-term investment in a trusted and rewarding business.
