Explain the key documents required to start an Insurance Marketing Firm in India?
CS Professional · Banking and Insurance - Laws and Practice · PYQS · June 2026
Explain the key documents required to start an Insurance Marketing Firm in India?
Answer & Explanation:
The following are the key documents required to start an Insurance Marketing Firm in India: Entity Registration: Certificate of Incorporation (Company/LLP), Memorandum of Association (MoA), and Articles of Association (AoA). Individual/Personnel Docs: Qualification/Experience Certificates of the Principal Officer (PO) and Insurance Sales Persons (ISP). Examination Certificates/License: Passed Certificate of the Insurance Marketing Firm Examination for the PO and ISPs. Financial Documents: Net Worth Certificate from a Chartered Accountant (minimum ₹ 5-10 lakhs) and recent bank account statements. Operational Documents: A 3-year business plan with projected activities/income, organization chart, and proof of office infrastructure (rent agreement/sale deed). Declarations/Undertakings: Undertaking by the PO regarding compliance and fit-and-proper declarations. No Objection Certificate (NOC): NOC from IRDAI for the proposed name.
Topics: Insurance Marketing
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