There are the following needs for an insurance broker license in India.
• To ensure that a considerable number of insurance products are sold on behalf of the Insurance Business;
• To ensure that the appropriate insurance rules and regulations are followed;
• To keep track of operations and do market research on insurance-related items.
• To negotiate insurance-related products on behalf of clients.
• Having a licence as an insurance broker assures clients of the broker’s credibility;
• to negotiate policies and premiums on behalf of clients.
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