Annual Fee :
Every Broker shall pay an Annual Licence Fee as follows:
| Category of Insurance Broker | Amount of annual license fee payable per annum |
| Direct Broker | A sum calculated at the rate of 0.50 per cent of the remuneration earned in the preceding financial year subject to minimum of INR 25000 and maximum of INR 100000 |
| Reinsurance broker | A sum calculated at the rate of 0.50 per cent of the remuneration earned in the preceding financial year subject to minimum of INR 75000 and maximum of INR 300000 |
| Composite Broker | A sum calculated at the rate of 0.50 per cent of the remuneration earned in the preceding financial year subject to minimum of INR 125000 and maximum of INR 500000 |