Integrated Insurance...

One of the leading Insurance broking companies in India offering insurance solutions, offers unparalleled combination of services with extensive in-house expertise

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Business...

We undertake insurance broking business, both in life and non-life segments with a focus on retail and commercial lines of business.

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Locations...

We are headquartered in Chennai and have 24 locations across the country.

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Insurance Glossary
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IRDA
Insurance Dictionary
 
 
Concept of Broking - Indian Scenario
 
India has been a rather late starter. The IRDA brought out its first set of regulations, permitting Brokers to operate, as recently as October 2002. The first set of Licenses was issued only in Jan 2003 (India Insure being the first to have been granted the License). In India, Brokers are different from other Insurance service providers in several ways.
 
Unlike an Agent (or a corporate agent), who represents a specific Insurer only, A Broker REPRESENTS THE CLIENT, and not the insurer.
He can approach all Insurers for a competitive quote
A Third Party Administrator (TPA; sometimes confused with a Broker) is a service provider for Insurance companies, providing services related to health insurance only.