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Insurance broker registration is the permit issued by the Insurance Regulatory and Development Authority (IRDA). In 2018, the IRDA issued the updated version of the IRDA (Insurance Broker) Regulations according to which Insurance Broker Registration could be done in the following ways:

Direct Insurance Broker License – the capital requirement of Rs. 75 Lakhs;
Composite Insurance Broker License – the capital requirement of Rs. 5 crores;
Reinsurance broker License – the capital requirement of Rs. 4 crores.

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