Delhi: The Insurance Regulatory and Development Authority
(IRDA) has issued in-principle approval for
12 insurance broking companies. Of these, eight are direct-broking
licences and four composite-broking licences.
eight direct licences are for Alankit Insurance Services,
Acme Insurance Services, Armour Consultant, India Insure
Risk Management, Helios Insurance Services, Excellent
Insurance Broking Services, First Policy Insurance Advisor
and Unicon Insurance Broker.
in-principle approval means that applicants
will have to meet the capitalisation and other conditions.
Totally 29 applications for insurance broking were received