Insurance regulatory and development authority (IRDA) has issued a circular listing standard instructions and guidelines applicable for approval/renewal of agents training institutes.
For the purpose of accreditation of private Agents Training Institute the proof of ownership/ tenancy of the premises (ATI registered office and branch) in the name of Agent Training Institute are sufficient for accreditation. In case of in-house Agents Training Institute where the training center is situated in the branch approved by IRDA, copy of IRDA approval of branch is acceptable.
Simply speaking, if a training institute wants to get certified by IRDA, a proof of ownership/tenancy agreement is required in the name of institute.
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