About us
Who are we :
TTInsurance Services is licensed as a Direct Broker by IRDA (Insurance Regulatory Development Authority) to solicit both Life and General Insurance business in the Indian market. Our clients are both individuals and companies.
Why work with a Broker :
As a Direct Broker, we have signed contracts with all leading insurers in India and provide the following to all our Customers:
- Pre sales and after sales service to the customers.
- Provisions of relevant information to the underwriters to assess the risk and decide the premium.
- Recommend risk improvement and loss minimization measures.
- Provide risk management and insurance education.
- Collection of renewal premiums and assistance in claim settlement.
You get a complete understanding of your requirements, unbiased advice, choice of products to suit your needs besides the support that you are assured after purchasing the appropriate Cover.
COMPARISON BETWEEN AN INSURANCE BROKER AND AN INSURANCE AGENT
| Insurance Broker |
Insurance Agent |
| Represents the Client. |
Represents one Insurance company. |
| Before he procures a license, he needs to have a minimum paid up capital of Rs. 50 lakh as stipulated by IRDA. |
No requirement to maintain any paid up capital. |
| Required to take professional indemnity insurance worth a minimum of Rs. 50 lakh. |
No professional indemnity insurance required to be taken. |
| Required by IRDA to provide services throughout the year. |
No such commitment required on the part of an agent. |
| Required to maintain IRDA prescribed infrastructure and manpower for customer service. |
There is no specific infrastructure requirement. Quite often they work out of their homes or small offices. |
| Required to provide assistance in payment of premium, lodging claims and settlement. |
It is at the discretion of the agent whether to provide assistance for the payment of premium, lodging claims and settlement. |
