Multi Brand Insurance AGency Business -

 

Insurance Web Aggregator License: Like Policybazaar. Net worth requirement: ₹25 Lakhs. [1, 2, 3]

Direct/Composite Insurance Broker License: This allows you to sell products of all insurance companies and handle corporate group health/term plans. Net worth requirement: ₹75 Lakhs for Direct, ₹2.5 Crores for Composite. [1, 2, 3, 4]

Corporate Agency License: Easier to get, but limits you to partnering with a maximum of 9 life, 9 general, and 9 health insurers. Net worth requirement: Usually nominal, but fits entities where insurance is a secondary business (like banks or tech platforms)

https://www.compliancecalendar.in/learn/irdai-registered-insurance-brokers-in-india

Route A: Become a POSP (Point of Sales Person)

https://www.pbpartners.com/

Mintpro, or GroMo

White-Label Tech Partnership (For Tech Platforms)

 integrate an Insurance APIs infrastructure provider (like Zopper or Riskcovry).

• They embed the insurance comparison journey directly inside your application interface. The actual regulatory transaction goes through their corporate license, while you earn a split marketing or technology fee for providing the platform traffic.
• you can build an online comparison interface that functions just like Policybazaar

MISP (Motor Insurance Service Provider)

If you already own an automobile garage, a car dealership, or a vehicle-related service business, you can opt for this route. -- direct with company --