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IRDA's IMF Registration Guidelines: A Detailed Overview www.compliancecalendar.inban site

The IRDA IMF Registration process is essential for establishing an Insurance Marketing Firm (IMF) in India. To initiate the IMF registration 2024, applicants must secure a No Objection Certificate (NOC), incorporate their company, and ensure the Principal Officer and Insurance Sales Persons complete mandatory training. The IMF registration process also requires submitting the IMF application form via the IMF application login portal. Key documents include identity proofs, net worth certificates, and business plans. Once reviewed, IRDA grants the registration, valid for three years. Applicants can later check their status in the IRDA IMF list. For those wondering how to get an IMF certificate, meeting IRDA’s regulatory guidelines and passing the examination are mandatory. This structured process helps maintain ethical standards in insurance marketing across India.
Read the full article on www.compliancecalendar.in
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