Square Insurance Brokers Private Limited was incorporated in Rajasthan as Pvt. Ltd Company. Square Insurance acts as a Direct Insurance Broker by IRDA under Insurance Brokers Regulations, 2002, granted with license in April 2017.
Square Insurance Brokers provides a bridge between insurance companies and their customers by selling, soliciting, and negotiating insurance policies on their behalf. Simply put, they represent their customers, not insurance companies. The Indian Insurance Regulatory and Development Authority (IRDAI), which is the regulatory body for insurance and reinsurance industries, has approved and recognized 24 companies that operate in the life insurance sector.