Theoretical and Practical Training requirements :

The Principal Officer and each of the employees authorised to sell on behalf of the Insurance Broker shall undergo 100 hours of theoretical and practical training from an IRDA accredited Training institution. The training hours are reduced to 50 where the Principal Officer of the applicant has been carrying on reinsurance related activity or insurance consultancy for a period of 7 years preceding the year in which the application for broking is made or has been working for not less than 7 years as a Principal Underwriter or has held the position of a Manager with any one of the nationalised insurance companies in India or is an Associate or Fellow of the Insurance Institute of India or the Institute of Risk Management or Institute of Actuaries of India or a Post graduate qualification of the Institute of Insurance and Risk management, Hyderabad.