Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Insurance Web Aggregator Regulators are insurance intermediaries that supervises and monitor a website for providing an interface to the insurance prospects in price comparison and provide information on different insurers and other related matters. IRDAI (Insurance Regulatory and Development Authority of India) has authorized Web Aggregators Regulations, 2013, where Individuals can get online access to life insurance plans. This website work as a comparison site as they showcase the plans of various insurers.
The primary function of a web aggregator is as follows:-
1. To enable an extensive comparison between different insurance products to the customers.
2. To ensure a customer-friendly service by providing online portal access.
3. Certainly, they must be well-coordinated with other insurance companies, wherein they extract the crux of their policies and services.
4. After obtaining the web aggregator certificate, they presented all the relevant information on the website in a proper format.
5. Further, the web aggregator may share the leads with the Insurer as per the guidelines of the Insurance Regulatory Authority of India
After obtaining a successful license as a web aggregator, one must comply with such conditions which are as follows:-
As an insurance web aggregator, one must not take part in the: –
As per the IRDA guidelines, the applicants for Insurance Web Aggregator must comply with the condition which is as follows:
If the application submitted by the applicant is incomplete and does not comply with the requirements, it shall be rejected. An applicant shall be given a reasonable opportunity to complete the application.
An insurance web aggregator is an online platform that aggregates insurance policies of different companies registered under the Companies Act along with the approved IRDA regulation and is to establish, operate and maintain the online portal and provide necessary information related to insurance policies and products.
Read Our Article: Compliances for Insurance Web Aggregator in India
SEBI, the regulatory body for markets, has directed stockbrokers to establish an institutional...
If you have lost track of your shares in Muthoot Finance Limited, they may have been transferre...
Customer Acquisition is essential for any successful organization, placing customers ahead of p...
The role of AMFI in NRI SIP investments is continuously growing in the Indian mutual fund marke...
India’s Financial Intelligence Unit has introduced a groundbreaking upgrade to its informatio...
Are you human?: 9 + 8 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
The concept of health insurance requires specific points to check before buying Health Insurance. Health is the pri...
12 Feb, 2021
The Insurance audit examined policy and liability procedures, risk valuation, tax documents, and other financial re...
01 Mar, 2023