Square Insurance Brokers is the best Life & general insurance broker in India. Compare & buy insurance policies online Provided by different insurers. Square Insurance Brokers Private Limited was incorporated in the state of Rajasthan as Pvt. Ltd Company. Square Insurance acts as a Direct Insurance Broker by IRDA under Insurance Brokers Regulations, 2002, granted a license in April 2017. Insurance as defined is a financial risk management tool in which the insured transfers a risk of potential financial loss to the insurance company that mitigates it in exchange for monetary compensation known as the premium. It is an important aspect of each individual's life to continue with the financial well-being of the family in case of any eventuality. Though we all are familiar with the term "insurance", there exists a huge gap while analyzing the need for insurance.