The Insurance Self Network Platform (ISNP) is an online system regulated by the IRDAI (Insurance Regulatory and Development Authority of India) that allows insurance companies and intermediaries to sell, service, and manage insurance products digitally via their websites or apps.
The ISNP framework is designed to promote transparency, scalability, and ease of access in the insurance space, especially for digital-first customers.
🌐 Official Government Website: https://www.irdai.gov.in
🏛️ Icon Suggestion: Government building or shield for authenticity
🧾 Types of ISNP Licenses Offered
There are two categories of ISNP licenses based on the applicant’s role in the insurance ecosystem:
- ISNP for Insurers
Enables direct digital sale of policies by registered insurance companies. - ISNP for Intermediaries
Applicable to:- Corporate Agents
- Insurance Brokers
- Web Aggregators
- TPAs (Third Party Administrators)
👤 Who Needs ISNP Registration?
- Insurance companies looking to digitize their distribution
- Insurance intermediaries such as brokers, agents, or web aggregators
- Startups in the insurtech space
- Existing policy servicing firms that want to operate digitally
This registration is crucial to legally operate insurance sales portals or mobile apps.
🤝 Why Choose a License Registration Service Provider?
A specialized consultant can help you:
- Understand IRDAI technical guidelines
- Avoid documentation errors
- Speed up the process
- Meet cyber security and compliance norms
- Assist with post-registration audit requirements
📝 ISNP Registration Process: Step-by-Step
Here’s how to register:
- Prepare ISNP Model – Outline digital architecture, sales journey, and compliance flow.
- Conduct Security Audit – Get your platform tested and certified by CERT-IN empaneled auditor.
- Submit Application to IRDAI – Includes technical, operational, and security details.
- IRDAI Evaluation – Review of your digital infrastructure and processes.
- Grant of Approval – Final approval to go live on your Insurance Self Network Platform.
📑 Required Documents
- Company PAN, CIN, GST
- Existing IRDAI registration certificate
- Detailed proposal and process flow
- Technical system architecture diagram
- Information security policy
- CERT-IN security audit report
- Signed declaration and undertaking
💰 Cost Involved
| Component | Approximate Cost (INR) |
| Technical Development | ₹1,00,000 – ₹5,00,000 |
| CERT-IN Security Audit | ₹40,000 – ₹1,50,000 |
| Consultant/Legal Charges | ₹20,000 – ₹50,000 |
| IRDAI Processing Fee | ₹25,000 – ₹50,000 |
| Total Estimated | ₹1.85L – ₹7.5L |
⏱️ Time Taken
- Preparing platform & documentation: 2–4 weeks
- Audit and corrections: 1–2 weeks
- IRDAI approval process: 4–6 weeks
- Total Time: ~2 to 3 months
⚠️ Common Mistakes to Avoid
- Skipping mandatory CERT-IN security audit
- Incomplete or incorrect flow diagrams
- Not aligning with IRDAI’s digital compliance checklist
- Submitting outdated company documents
- Underestimating technical complexity
📞 Call-to-Action (CTA)
Want to launch your ISNP hassle-free?
📧 Email: opriyatrendingpvtltd@gmail.com
📱 WhatsApp: +91 7588756518
🌐 Website: www.opriyatrending.in
Let our experts handle everything – from compliance to launch!
❓ FAQs
Q1. Can a startup apply for ISNP without IRDAI registration?
No, you must already be a registered insurance intermediary or insurer.
Q2. What’s the role of CERT-IN auditors?
They certify that your online platform is safe, secure, and IRDAI-compliant.
Q3. Can a Web Aggregator also get ISNP license?
Yes, but they must comply with both aggregator and ISNP guidelines.
Q4. How often is ISNP audited?
At least once annually, including technical and cybersecurity compliance.
