Lawcify assists insurers, intermediaries and partners in understanding and complying with Insurance Regulatory and Development Authority of India (IRDAI) requirements.
We map your business model to relevant IRDAI regulations for insurers, brokers, web aggregators or PoSPs.
Lawcify reviews internal policies, agreements and processes to align them with IRDAI guidelines.
We prepare licence, renewal, reporting and inspection responses for IRDAI in a structured way.
Lawcify provides continuous advisory on new IRDAI circulars, product approvals and governance expectations.
Get practical guidance on IRDAI regulations for insurers, intermediaries and insurance-linked platforms with Lawcify.
IRDAI Advisory involves understanding and implementing the framework issued by the Insurance Regulatory and Development Authority of India for insurance-related businesses.
Lawcify helps you align policies, agreements, reporting and customer processes with IRDAI expectations so that your operations stay compliant and audit-ready.
IRDAI Advisory refers to regulatory, compliance and licensing support required by businesses operating in the Indian insurance ecosystem. Whether a business wants to operate as an Insurance Broker, Corporate Agent, Web Aggregator, TPA (Third Party Administrator), Insurance Marketing Firm, Loss Assessor or Digital Insurance Platform, IRDAI (Insurance Regulatory and Development Authority of India) governs all operational, financial and compliance standards.
Insurance is a highly regulated sector in India. Unlike general business registrations, IRDAI licensing requires strict documentation, net-worth eligibility, capital adequacy, governance structure, fit & proper verification, internal processes and ongoing compliance.
Lawcify provides structured IRDAI advisory — helping founders, corporate groups, fintechs and insurance-based startups understand legal requirements, choose the right license structure, complete regulatory filings, manage inspections and maintain ongoing compliance after approval.
With Lawcify, the IRDAI licensing journey becomes structured, documented and predictable — reducing rejection risks.
Businesses regulated by IRDAI must comply with multiple ongoing requirements, including:
Lawcify helps organisations remain compliant before and after obtaining the license.
IRDAI licensing is not just a one-time approval — it creates ongoing responsibilities. Businesses must follow proper documentation standards, employee training guidelines, ROC reporting, taxation compliance and Statutory audit requirements.
After obtaining IRDAI approval, many organisations also require support with:
Lawcify ensures these responsibilities are handled systematically so businesses can operate confidently and scale their offerings.
Allows sale of insurance products from multiple insurance companies with advisory responsibility.
Permits companies to sell insurance products from limited insurers under strict compliance structure.
Required for online comparison platforms that list and publish premium quotes from insurance companies.
Mandatory for companies engaged in health insurance claim processing, policy administration and medical claim management.
Allows marketing-based sales of insurance products with specific training and staff certification standards.
Required for technology-driven platforms, APIs and digital selling models operating under compliance and audit frameworks.
With Lawcify, the licensing journey becomes organised and well-documented, reducing chances of rejection or delay.
Lawcify provides structured regulatory advisory beyond documentation. We support insurance and fintech-based businesses through their entire compliance lifecycle — from initial assessment to regulatory filing, training, audit support and ongoing compliance reporting.
With Lawcify, your IRDAI compliance becomes predictable, professional and fully aligned with regulatory expectations.
Answers to the most common queries about IRDAI Regulations, Insurance Licensing and Compliance, and how Lawcify supports businesses through the approval and regulatory process.
IRDAI (Insurance Regulatory and Development Authority of India) is the statutory body responsible for regulating the insurance sector in India. Any entity involved in insurance distribution, broking, corporate agency, web aggregation or reinsurance must obtain licensing and follow IRDAI compliance rules to operate legally.
Businesses requiring IRDAI compliance include:
Approvals include company incorporation eligibility checks, capital adequacy requirements, fit-and-proper criteria for directors, infrastructure verification, Principal Officer qualification, insurance training completion and regulatory filings. IRDAI also evaluates operating policies, financial stability and compliance readiness before granting approval.
The documentation typically includes:
The timeline varies based on business readiness and category of application. On average, approvals take 3 to 9 months depending on documentation quality, compliance gaps, follow-ups and regulatory review cycles. Companies with complete and compliant applications typically receive approval faster.
Ongoing compliance includes:
Yes. If a company fails to comply with IRDAI regulations, fails audits, misrepresents customer information or violates policy requirements, IRDAI may impose penalties, restrict operations or suspend/revoke the licence depending on severity.
Yes. Any entity offering or facilitating insurance digitally—even comparison websites, lead generators or embedded insurance platforms—must comply with IRDAI rules and obtain proper category-specific licensing to legally operate in India.
Yes. IRDAI-compliant entities are viewed as credible and operationally transparent, which significantly improves investor confidence and valuation. Lack of compliance may delay due-diligence during PE, VC or strategic funding rounds.
Lawcify provides end-to-end support including eligibility assessment, documentation drafting, Principal Officer guidance, licence filing, compliance reporting, training and audit support — ensuring your insurance business remains fully compliant, audit-ready and aligned with regulatory standards.
Lawcify offers expert chartered secretary services, specializing in corporate governance and compliance, ensuring businesses run smoothly and stay legally compliant.
© Lawcify