Overview of Insurance Marketing Firm License
Insurance marketing firm is a new form of business and distribution channel in the insurance sector. This was brought out by one of the insurance committees in 2007. A group of companies were set up to market the products related to insurance and mutual funds sales. Apart from this, the main plan was to sell stocks, pension plans, and financial services.

Insurance Marketing Firms conduct similar services related to an insurance distribution firm. An entity to operate as an insurance marketing firm should secure an insurance marketing firm License. Insurance marketing firms have collaborations with insurance companies to market their products. To obtain an insurance marketing firm License the applicant has to be a company/ LLP/ cooperative society/ any other recognized entity. An individual cannot be an insurance marketing firm.