Makk Finsol IMF Private Limited

In their own words

Activities of insurance agents and brokers Proposed Object of the Company: 1. To carry on the business of insurance intermediaries, including insurance brokers, agents, and other intermediaries. 2. To provide insurance advisory and consultancy services. 3. To act as a direct broker or reinsurance broker. 4. To undertake risk management and assessment services. 5. To provide training and education services related to insurance. 6. To carry on the business of all kinds of insurance marketing business, whether of a kind now known or hereafter devised and all kinds of guarantee and indemnity business, and in particular without prejudice to the generality of the foregoing words, to undertake, carry on and transact the business of Page 2 of 15 direct sales associated (DSA work) related to bank loan and insurance marketing related to health, life, vehicle, fire, marine, aviation, accident, motor vehicle, employers liability, workmen?s compensation, disease, sickness, failure of issue, loss of key- man, third party liability, burglary and robbery, theft, rural, social, credit, engineering, fidelity and transit insurance and insurance covering risk against any liability under any law, convention or agreement, and to undertake all other risk and liabilities usually undertaken by persons or companies carrying on the business of insurance and further without prejudice to the generality of the foregoing words. 7. To act as agents, representatives, surveyors, subinsurance agents, franchisers, consultants, advisors, collaborators, in activities related thereto and to engage in all activities which are incidental and allied or related to insurance marketing business and for this purpose to apply, approach acquire, hold and procure such rights, titles entitlements, licenses and permissions from Government, Semi-Government, local authorities, public bodies, undertaking and from such other authorities as may be necessary and expedient to carryout the aforesaid activities. 8. To Undertake back office activities of insurers as allowed in the Guidelines on Outsourcing Activities by Insurance Companies issued by the IRDA and to become approved person of Insurance Repositories. 9. To Undertake survey and loss assessment work by employing on their rolls licensed surveyor & loss assessors and to perform any other insurance related activity permitted by the IRDA from time to time. 10. To Market Mutual funds Page 3 of 15 of mutual fund companies regulated by SEBI, Pension products regulated by PFRDA, Other financial products distributed by SEBI licensed Investment Advisors, Banking/ financial products of banks/ NBFC regulated by RBI, Non-insurance products offered by Department of Posts, Government of India, Any other financial product or activity permitted by the IRDA from time to time An Insurance Marketing Firm which shall be allowed to perform the following functions as per the Act: A) Solicit and procure insurance products: i) The Insurance Marketing Firm (IMF) shall engage Insurance Salespersons (ISPs) for the purpose of soliciting or procuring insurance products of maximum of 6 Life insurers, 6 General insurers and 6 Health insurers at any point of time, under intimation to the Authority. ii) Provided that in addition to 6 General insurers, Insurance Marketing Firm shall have option to engage with Agriculture Insurance Company of India Limited (AIC) and Export Credit Guarantee Corporation Limited (ECGC) iii) All kinds of products sold on individual and / or retail basis, including crop insurance for nonloanee farmers and combi products. iv) Property, group, personal, accident, group health, GSLI and term insurance policies for Micro, Small and Medium Enterprises (MSME). The IMFs are not allowed to solicit and procure commercial lines of business for any segment except for MSMEs. Explanation: For the purpose of these Regulations, A. Combi products mean any combination of products of life, general and health insurance Page 4 of 15 as approved by the Authority. B. Micro, Sma

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