Corporate agents

  • 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.
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