Aurevian

Regulatory Disclosures

Compliance & Disclosure

Mandatory disclosures under the IRDAI (Insurance Brokers) Regulations, 2018

Regulatory Notice:Aurevian Risk & Capital is a direct insurance broker licensed and regulated by the Insurance Regulatory and Development Authority of India (IRDAI). The disclosures on this page are made in accordance with the IRDAI (Insurance Brokers) Regulations, 2018 and the Code of Conduct thereunder.

1. Regulatory status & licence

As required under the IRDAI (Insurance Brokers) Regulations, 2018, the following particulars are disclosed:

Registered Legal NameAurevian Risk & Capital
Nature of BusinessInsurance Broking & Risk Advisory
Regulatory BodyInsurance Regulatory and Development Authority of India (IRDAI)
Licence CategoryDirect Broker (Life & General Insurance)
Corporate OfficeJubilee Hills, Hyderabad, Telangana, India
Contact Email & Phoneconnect@aurevian.co  ·  +91 88855 54771

2. Our role as your broker

As a licensed insurance broker, Aurevian represents you, the client, and acts on your behalf in identifying your insurance needs, sourcing quotations from insurers, advising on and placing suitable cover, and assisting with policy servicing and claims. We are not an insurer and do not underwrite risk.

3. Remuneration & commission

Aurevian is ordinarily remunerated by way of brokerage / commission paid by the insurer, within the limits prescribed by IRDAI, on policies placed through us. This remuneration is built into the premium and does not represent an additional charge levied by us on you for placement.

4. Conflict of interest

Aurevian maintains a strict conflict-of-interest policy and takes all reasonable steps to identify, prevent and manage any conflicts that may arise. Our advice is not influenced by any arrangement that would place our interests ahead of yours.

5. Handling of premiums & prohibition of rebating

In accordance with Section 41 of the Insurance Act, 1938, no rebate of premium or commission shall be allowed as an inducement to take out or renew an insurance policy. Aurevian strictly adheres to statutory non-rebating rules and handles client premiums in full compliance with IRDAI directives.

6. Grievance redressal mechanism

Aurevian is committed to prompt and fair resolution of client grievances. Complaints may be escalated through the following stages:

Step 1 — Aurevian Grievance Officer

Email: connect@aurevian.co

Phone: +91 88855 54771

Address: Jubilee Hills, Hyderabad, Telangana, India

Step 2 — IRDAI Bima Bharosa Portal

If your grievance is not resolved to your satisfaction, you may approach the IRDAI Consumer Affairs Grievance cell:

Bima Bharosa Portal: bimabharosa.irdai.gov.in

Step 3 — Insurance Ombudsman

For unresolved policy or service grievances, clients may approach the Insurance Ombudsman having jurisdiction under the Insurance Ombudsman Rules, 2017 (cioins.co.in).

7. Disclaimer

Insurance is the subject matter of solicitation. The information on this Website is for general reference and does not constitute an offer, solicitation or advice in respect of any specific insurance product. Acceptance of risk, policy terms, pricing and claim settlement are at the sole discretion of the insurer.

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