Agency Agreement (Insurance) Template for India

1. Non-Compete: Restrictions on agent's ability to represent other insurers, used when exclusive agency is required

2. Performance Targets: Specific business targets and consequences, used for performance-based arrangements

3. Digital Services: Terms for using digital platforms and tools, included when digital distribution is part of the arrangement

4. Sub-Agent Arrangements: Terms governing the appointment of sub-agents, if permitted

5. Special Products: Additional terms for specialized insurance products, used when dealing with unique or complex products

6. Rural Area Obligations: Special terms for rural market development, included when required by regulatory requirements

1. Schedule A - Territory: Detailed description of geographical territory and any exclusions

2. Schedule B - Products: List of authorized insurance products and their specifications

3. Schedule C - Commission Structure: Detailed commission rates for different products and special incentives

4. Schedule D - Service Level Requirements: Specific performance metrics and service standards

5. Schedule E - Training Requirements: Mandatory training programs and certification requirements

6. Appendix 1 - Operating Procedures: Detailed procedures for policy processing and customer service

7. Appendix 2 - Compliance Checklist: IRDAI compliance requirements and documentation checklist

8. Appendix 3 - Marketing Guidelines: Approved marketing practices and material usage guidelines