Insurance Agent Tagging: Is Your Policy Sold Right?

IRDAI is pushing for every insurance policy to be tagged to the exact salesperson who sold it. This means if your agent missold you a policy, there's now a paper trail — and accountability follows. Here's what it means for you.

Here's what happened: Insurance Brokers Association of India (IBAI) is advocating for mandatory salesperson tagging on every insurance policy sold in India.. Perpetual agent registration — replacing time-bound licence renewals — is being proposed to enable lifelong accountability for insurance distributors.. Stronger governance norms across the insurance distribution chain are being pushed to reduce misselling and improve post-sale customer trust..

What you should do: Ask your insurance agent or broker to share their IRDAI registration number before buying any new policy — note it in writing.. Review your existing policies for misselling red flags: does the coverage match what you were verbally promised at the time of purchase?. File a complaint with IRDAI's Bima Bharosa portal or your insurer's grievance cell if you suspect your policy was sold with incorrect information..

Pro tip: Under IRDAI rules, you have a 15-day free-look period after receiving any life or health insurance policy — read it carefully and return it if it doesn't match what was sold to you.

For readers weighing their credit and loan options, our personal loan guide and CIBIL score resources put this update in context.