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Industry Specific - Insurance Central Insurance Regulatory Development Authority Insurance Act, 1938

Guidelines on Establishment and Closure of Liaison Office in India by an Insurance Company registered outside India

11-Feb-2026 | IRDAI/F&I/GDL/MISC/27/02/2026

IRDAI has issued amended guidelines on the Establishment and Closure of Liaison Offices in India by Insurance Companies registered outside India, superseding all earlier instructions and guidelines issued in this regard. The key features of the Guidelines are as follows: 1. An Overseas Insurer shall be eligible to open a Liaison Office if it has a financially sound and profit-making track record during the immediately preceding three financial years in its home country and a net worth of not less than USD 65 million. 2. The application for opening a Liaison Office shall be made in Form IRDAI-FIC-1, along with the documents specified in Para 3(a), and a non-refundable processing fee of USD 6,000. 3. The Liaison Office is permitted to represent the Overseas Insurer in India, carry out market research and feasibility studies in the field of insurance, and act as a communication channel. 4. The Liaison Office is required to maintain only one bank account for its receipts and payments. Proper books of accounts and records reflecting such fund transfers must also be maintained. Kindly refer to the attached document for further details.

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