• Why Insurance Broker


Insurance Broker represents the Insurance Buyer, and not the Insurance Company (insurance seller), though the remuneration of Insurance Broker is paid and borne by the Insurance Companies. There is no additional cost to the Insurance Buyer for placing business through Insurance Broker.


Insurance Brokers have been introduced into the Indian market by Insurance Regulatory and Development Authority (IRDAI) as professionals, who will truly represent and service the interests of Insurance Buyers.


Insurance Brokers have qualified and experienced insurance experts and can help the clients in buy insurance at the most competitive premium rate and terms.


Insurance Brokers have to obtain licence from the IRDAI before they can carry on Insurance Broking in India. The operations of Insurance Brokers are monitored and controlled by IRDAI and they have to adhere to code of conduct issued by IRDAI.


Insurance Brokers provide a host of services to the insurance buyer, including post-insurance services as well as assisting in submission of claim documents and follow up of the claim with the Insurance Company.


Insurance Brokers are professionals and represent the Insurance Buyers only, and not the Insurance Company. Insurance Broker can place the Insurance of his client with multiple Insurance Companies, in the best interest of the Insurance Buyer. Thus, the Insurance Broker is a single window solution for all Insurance problems of the Insurance Buyer with all Insurance Companies.