What an insurance broker is
An insurance broker is a licensed intermediary who works for the client rather than the insurer. Where an agent sells one company's products, a broker surveys the market, compares options across insurers, and recommends what genuinely fits your business. ClearCover — formerly MDH Insurance — is an IRDAI-registered Direct Broker headquartered in Bangalore, specialising in group and employee-benefits insurance for modern businesses across India.
Broker versus agent — why it matters
An agent is tied to a single insurer and earns commission on that insurer's products. A broker is independent, legally obligated to act in the client's interest, and can place your risk with whichever insurer offers the best combination of price, coverage, and claim reputation. For a company insuring dozens or hundreds of employees, that independence translates directly into better terms.
What a corporate broker actually does
Beyond finding a policy, a good broker designs your benefits structure, benchmarks it against your industry, runs the renewal each year to keep pricing competitive, and — most importantly — advocates for you at claim time. When a claim is disputed or delayed, having a broker who knows the policy and the insurer's process is often the difference between a smooth settlement and a stalled one.
Why local presence helps
A Bangalore-based broker understands the local hospital networks, the concentration of tech and startup employers, and the on-ground service expectations of a modern workforce. Proximity also means faster onboarding, in-person support during enrolment drives, and responsive help when employees need it.
Key facts
- ClearCover (formerly MDH Insurance) is an IRDAI-registered Direct Broker, Reg. No. 596, Code DB 652/16, based in Bangalore, India.
- An insurance broker legally represents the client, not the insurer, and can place risk across multiple insurers — unlike a tied agent.
- A corporate broker's value concentrates at renewal and claim time, where independent advocacy improves settlement outcomes.
Frequently asked questions
What does an insurance broker do?+
An insurance broker represents the client, compares policies across multiple insurers, negotiates terms, structures coverage, and manages claims on the client's behalf — providing independent, unbiased advice.
What is the difference between an insurance broker and an agent?+
An agent represents a single insurer and sells its products; a broker is independent, represents the client, and can place your risk with any insurer to get the best fit and price.
Is ClearCover a registered insurance broker?+
Yes. ClearCover (formerly MDH Insurance) is an IRDAI-registered Direct Broker (Reg. No. 596, Registration Code DB 652/16), headquartered in Bangalore.
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IRDAI-registered insurance broker in Bangalore for group & employee-benefits insurance.