The Ultimate IRDAI ISNP Registration Checklist for Delhi Startups – Powered by Helios Global

Delhi continues to be a thriving foundation for startups, especially in fintech and insurtech. As digital insurance adoption grows, many ambitious founders are exploring the potential of becoming Insurance Self-Network Platforms (ISNPs). However, understanding the registration process and compliance requirements can be a challenge.

To simplify this journey, here is the ultimate IRDAI ISNP Registration Checklist for Delhi Startups, crafted with insights from Helios Global—your trusted partner for regulatory approvals and digital licensing in India.

Why Every Delhi Startup Should Consider ISNP Registration

Becoming an ISNP opens the door to powerful opportunities, including:

• Offering digital insurance solutions legally

• Building stronger trust among customers

• Partnering with top insurance providers

• Enhancing product diversity and revenue streams

With IRDAI regulations evolving rapidly, Helios Global ensures startups stay updated and compliant every step of the way.

Essential Documents Required for IRDAI ISNP Registration

Before applying, Delhi startups must prepare a precise set of documents. This detailed IRDAI ISNP Registration Checklist for Delhi Startups ensures you don’t miss any required paperwork.

1. Company Incorporation Essentials

• Certificate of Incorporation

• MoA & AoA

• PAN, CIN, and GST documents

These documents confirm your company’s legal identity and structure.

2. Net Worth Certificate

A minimum ₹25 lakhs net worth is required. The certificate must be issued by a certified Chartered Accountant.

3. Comprehensive Business Plan

IRDAI takes this very seriously. Your business plan should include:

• Vision and mission

• Insurance distribution strategy

• Revenue model

• Risk management

• Customer acquisition plan

4. Technology Framework & Security Compliance

Since ISNPs operate digitally, IRDAI requires:

• System architecture blueprint

• Data privacy policies

• Information Security Audit Report

• Cybersecurity measures

5. Board Resolution

Your Board must approve the ISNP application and appoint a compliance officer.

Step-by-Step Process for IRDAI ISNP Registration in Delhi

Once your documents are ready, follow this simplified process:

1. Preliminary Assessment with Helios Global

Experts evaluate your documents, business model, and compliance readiness.

2. Application Submission to IRDAI

Submit all documents along with fees and digital platform details.

3. Clarifications & Follow-ups

IRDAI may request additional clarifications—accurate and timely responses are crucial.

4. Technical Demonstration

Your digital insurance platform undergoes a review to assess security, usability, and compliance.

5. Final Approval & License Grant

Once all verifications are complete, IRDAI issues the ISNP certificate, enabling you to operate legally.

How Helios Global Supports Delhi Startups

Helios Global stands out as a dedicated partner for startups with services like:

• Detailed documentation assistance

• End-to-end application support

• Compliance and audit readiness

• IRDAI communication and follow-ups

• Expert guidance on platform structure

With Helios Global, the journey becomes smoother, faster, and strategically aligned with your startup’s goals.

FAQs: IRDAI ISNP Registration for Delhi Startups

1. What is an ISNP under IRDAI?

An ISNP (Insurance Self-Network Platform) is a digital platform approved by IRDAI to sell and distribute insurance products online.

2. How long does the IRDAI ISNP registration process take?

On average, it can take 3 to 6 months, depending on documentation accuracy and IRDAI clarifications.

3. Is the ISNP license valid across India?

Yes. Once approved, your ISNP can operate nationwide, not just in Delhi.

4. What is the minimum net worth requirement?

A net worth of ₹25 lakhs is mandatory for registration.

5. Why choose Helios Global for ISNP registration?

Helios Global offers expert compliance support, documentation assistance, platform review, and IRDAI coordination—ensuring a seamless approval process.