Here I am providing complete Guidelines for Appointment of IRDA Agents for your reference:

Guidelines for Appointment of IRDA Agents

IRDA has been decided to issue the following Guidelines in exercise of powers under section 42 of the Insurance Act, 1938 read with section 14 (2) (a) & (c) of the IRDA Act, 1999.

I. Short title and commencement.
1) These guidelines shall be called “Guidelines on Appointment of Insurance Agents, 2015.
2) These guidelines shall come into force with effect from 1st April, 2015 and valid till the Regulations in this regard are issued.


II. Definitions: In these Guidelines, unless the context otherwise requires:-
1) “Act” means the Insurance Act1938 (4 of 1938) as amended from time to time

2) “Appointment Letter” means a letter of appointment issued by an insurer to any person to act as an insurance agent

3) “Appellate Officer”means an officer authorised by the Insurer to consider and dispose representations and appeals received from an Insurance Agent.

4) "Insurance Agent" means an individual appointed by an insurer for the purpose of soliciting or procuring insurance business including business relating to the continuance, renewal or revival of policies of insurance;

5) “Authority” means the Insurance Regulatory and Development Authority of India established under the provisions of Section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999);


6) “Composite Insurance Agent” means an individual who is appointed as an insurance agent by two or more insurers subject to the condition that he/she shall not act as insurance agent for more than one life insurer, one general insurer, one health insurer and one of each of the mono-line insurers.

7) “Centralised list of Agents” means a list of agents maintained by the Authority, which contains all details of agents appointed by all insurers.

8) “Centralised list of black listed agents” means list of agents maintained by the Authority whose appointment is cancelled/suspended by a designated official of insurer on grounds of violation of code of conduct and / or fraud.

9) “Designated Official” means an officer authorised by the Insurer to make Appointment of an individual as an Insurance Agent.

10) “Examination Body” means an Institution, which conducts pre-recruitment tests for insurance agents and which is duly recognised by the Authority;

11) “Multilevel Marketing Scheme” means any scheme as defined in explanation to Section 42 (A) of the Insurance Act 1938 as amended from time to time

III. All words and expressions used herein and not defined but defined in the Insurance Act 1938, or in the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), or any other rules and regulations made there under shall have the meanings respectively assigned to them in those Acts, Rules and Regulations.

IV. Appointment of Insurance Agent by the Insurer:

1) An applicant seeking appointment as an Insurance Agent of an Insurer shall submit an application in Form I-A to the Designated Official of the Insurer

2) The Designated Official of the insurer, on receipt of the application, shall satisfy himself that the applicant:-

a) has furnished the Agency Application in Form I-A complete in all respects;

b) has submitted the PAN details along with the Agency Application Form;

c) has passed the insurance examination as specified under Clause VI;

d) does not suffer from any of the disqualifications mentioned in Clause VII

e) has the requisite knowledge to solicit and procure insurance business; and capable of providing the necessary service to the policyholders;