- This is a new concept which is introduced by IRDA to facilitate the distribution of insurance products by the corporate. The agenda behind promoting corporate agents is to facilitate bancassurance in India.
- IRDA report of 2001-02 expresses concerns on this issue. This report suggests that the Public sector banks and regional rural banks and micro credit institutions have a very wide reach and thus can help in deeper penetration of insurance.
- IRDA even has guidelines of licensing and educational qualifications required for an agent.