Latest Update

  • Results of Election of IBAI Directors held at the Annual General Meeting held on September 18, 2018

    All IBAI Members.

    We are pleased to announce the Results of Election of IBAI Directors held at the Annual General Meeting held on September 18, 2018.

    Following are the results:

    1. Mr. Sudhir Kumar Jain representing M/S. Embee Insurance Brokers Ltd. has been re-appointed as Director from the North Zone
    2. Mr. Sumit Shantilal Bhora representing M/S. India Nivesh Insurance Brokers Pvt. Ltd. has been elected as Director from West Zone.
    3. Mr. Ashok Kumar Jain representing M/S. First Policy Insurance Brokers Pvt. Ltd. has been elected as Director from West Zone.
    4. Mr. Narendra Kumar Bharindwal representing M/S. RMS ARC Insurance Brokers Pvt. Ltd. appointed as Director from South Zone.
    5. Mr. Rakesh Malik representing M/S. Anviti Insurance Brokers Pvt. Ltd. appointed as Director from South Zone.
    6. Mr. Vijaya Kumar Govada representing M/S. Toyota Tsusho Insurance Brokers India Pvt. Ltd. appointed as Director from South Zone.

    We wish to congratulate the newly elected/ appointed Directors and extend our best wishes to all of them.

    We also wish to thank all our Broker Members for taking part in the election process and making the e-voting truly successful.

    Best regards,
    Vijay Rampal
    Director & Hon. Secretary.

  • Annual General Meeting on September 18, 2018 in Mumbai

  • 11th Global Insurance Summit – 07th September 2018, Hotel Taj Mahal Palace, Mumbai

    To
    All Broker Members,

    Dear Sirs,

    We have received the below emailer in connection with “11th Global Insurance Summit with the theme:“Increasing Role of Insurance for Economic Growth” being organized by ASSOCHAM on 07th September 2018, Hotel Taj Mahal Palace, Mumbai
    Mr. Subhash Chandra Khuntia, Chairman, IRDAI will be the Chief Guest and deliver the Inaugural Address at the Summit.

    The registration form is enclosed for your reference from which you will note that concessional participation fee for IBAI Members is kept at Rs. 2,000/- only, plus Gst..

    This is a platform widely harnessed for networking opportunities with CEOs & top management of insurance companies; insurance brokers & intermediaries; and other Industry stakeholders.

     

     

    Greetings From ASSOCHAM,

    Insurance industry is an integral part financial sector in any country. The Indian insurance industry is expected to grow to US$ 280 billion by FY2020, owing to the strong economic growth and better personal disposable incomes within the country. Overall insurance penetration in India reached 3.49% in FY17‐18. Currently, the insurance industry is facing major technology changes that can make the consumer experience simpler and more intuitive. These changes create major growth opportunities for insurers and innovative third‐party providers that will be able to adopt an agile business model. Phenomenal schemes like Ayushman Bharat have been witnessed recently within the insurance sector in India. These reforms are not restricted to the development of new policies and procedures favorable to customers and insurers but also include reforms in terms of adoptions of good global practices, technological leaps and benchmarking with global standards..

     

    We in ASSOCHAM believe that there is urgent need to take steps to propel its growth by policymakers as well as by regulators. In this backdrop, ASSOCHAM is organizing its 11th edition of Global Insurance Summit  scheduled to be held on 07th September 2018, Hotel Taj Mahal Palace, Mumbai. The summit mainly highlights the role of Insurance Sector in promoting economic growth of India. It also sets forth various strengths, opportunities, challenges and problems faced by this sector and the way forward.

     

     

    Key Area of Discussion 

    1. Life Insurance
    • Mobilization of household savings
    1. General Insurance
    • Crop Insurance
    • Reducing pricing and higher losses
    • Way forward – withdrawal of private sector insurers from crop insurance schemes
    1. Health Insurance
    • Burden of health insurance on the economy
    • Ayushman Bharat – NHPS
    1. Role of Technology

    Target Audience

    Insurance Companies (Life, General, Health) Investment Advisors Insurance Surveyors and Loss Assessors
    Investment/ Research Analysts Financial Planners & Independent Consultants Tax and Accounting Executives
    Academicians & Research Scholars Bancassurance E-commerce
    Insurance Brokers Insurance Intermediaries TPAs / Web Aggregators

    Ashvin Parekh Advisory Services LLP (APAS) is the knowledge partner of this initiative.

    The deliberations at the summit will serve as a game-changer and help authorities in addressing the apprehensions and issues raised by different stakeholders .

    We recommend your participation in this high profile event and benefit by it.

    Best regards,
    Alphonso Vaz
    IBAI Secretariat

    Registration Form
  • Annual General Meeting 2018 – Election of Board of Directors

  • IBAI ELECTION NOTIFICATION – 2018

  • CII 20th Insurance & Pensions Summit: 11th September 2018, Mumbai

    To

    All Broker Members,

    We have received below emailer in connection to the 20th Insurance Summit to be organized by CII on September 11, 2018 at Hotel Taj Mahal Palace, Coloba, Mumbai.

    Mr. Subhash Chandra Khuntia, Chairman, IRDAI has kindly agreed to be the Chief Guest and deliver the Inaugural Address at the Summit.

    The registration form is enclosed for your reference from which you will note that concessional participation fee for IBAI Members is kept at Rs. 3,000/- only, all inclusive.

    This is a platform widely harnessed for networking opportunities with CEOs & top management of insurance companies; insurance brokers & intermediaries; technology companies and other stakeholders from financial sector.

    We recommend your participation in this high profile event and benefit by it.

    Best regards,

    Alphonso Vaz

    IBAI Secretariat

  • Online registration by IBAI Members

    To,

    All Broker Members

    Dear All,

    As you are aware that with regard to election of Directors on IBAI Board, e-voting provision has been incorporated in the AOA of IBAI. In order to implement the same, the data of members along with name of their nominated authorized person is required to be submitted to the Authorised Agency (CDSL) to mail the procedure of e-voting to respective members.

    Therefore it is requested that all members may kindly fill in membership registration form available on home page of IBAI website www.ibai.org. by clicking existing user or new user as the case may be.

    We also wish to inform as per provision in the Articles of Association of IBAI, the annual membership fee of the Association for the financial year 2018-19 is required to be paid before 30th June 2018, as otherwise the member will not be allowed to caste vote or contest in the election process.

    There are also some members who have not paid fees for earlier years and have been sent reminders dated April 18, 2018 and those who have not responded so far are requested to deposit the same to avoid ineligibility for voting and contesting the election.

    Members who have already done their membership registration on line on IBAI website may kindly ignore this email message.

    Best regards,

    Alphonso Vaz

    IBAI Secretariat

  • Draft Code of conducts for members of IBAI

  • CIRCULAR

  • FAQ’s on Insurance Brokers Regulations 2018

  • FAQ’s on Insurance Brokers Regulations 2018
  • Presentation on Brokers Regulations 2018

    A
    Presentation
    On
    IRDAI (Insurance Brokers) Regulations2018
    At
    New Delhi/Kolkatta /Mumbai/Chennai
    By
    Insurance Brokers Association of India


    broker regulations 2018
    Download
  • Online Renewal Training for Broker Members

    To,

    All Broker Members.

    Dear Members,

    We are pleased to inform that the IBAI – Online Renewal Training for Broker Members was inaugurated by Shri T.S Vijayan, Chairman IRDAI, at the XIV Brokers Summit held at Taj Krishna, Hyderabad on January 24, 2018.

    With this, a new chapter has been added with IBAI starting ‘online training for Broker Members’ for renewal of broker licence of members.

    The fee payable for the online training programme is kept at Rs. 2,000/- only plus GST, per candidate.

    Broker Members are kindly requested to register their names for the online renewal training through the training link provided for online brokers training on the home page of IBAI website.

    We suggest all the members to opt for Renewal training facility established by IBAI for imparting quality training for the benefit of Member Brokers and for success of this initiative.

    we trust that all broker members would support this initiative taken by the Association

    Best regards,
    Board of Directors of

    Insurance Brokers Association of India

  • Insurance Brokers Regulations 2018

  • Location of New Office

    To,
    All Members,

    We are pleased to inform that for the first time IBAI will be moving to an independent office at a new location from November 6, 2017.

    Location of New Office is at:

    A –Z Industrial Premises,
    1st  Floor, Unit no. 165,
    G.K. Marg. Lower Parel,
    Mumbai – 400 013.

    During the shifting process, there will be temporary restricted service available to IBAI members for a couple of days.

    There will be telephone call transfer facility available from existing number for some time till we get a new Number (which will be intimated in due course) and you may continue to contact us on  existing telephone number 22846544. The email id’s ibai@ibai.org and avaz@ibai.org and cell no. 9820045606, will continue to remain  the same.

    We will strive for providing the excellent service and look forward to your continued support.. 

    Best Regards,
    Alphonso Vaz
    IBAI Secretariat