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The Insurance Web Aggregator License is issued by the Insurance regulatory authority i.e., IRDAI. The license is valid for 3 years period, and the license can be renewed by following the simple process for renewal. The web aggregator license can be applied for renewal provided it is suspended/cancelled by the relevant authority. In this article, we shall have a brief overview of Insurance Web Aggregator License renewal process.
Insurance Web Aggregator License is required for those who are engaged in a business of insurance web aggregation. Insurance web aggregators collect and compile information about various companies’ insurance policies. They are like an intermediary between insurance companies and people who wish to take insurance policies.
For renewal of the license, the applicant needs to ensure fulfilment of the following conditions:
The process for renewal of the Insurance Web Aggregator License is as follows:
The following documents are required for license renewal:
The process of Insurance Web Aggregator License Renewal can be complicated for those who look to file the application on their own. Hence it is advised that you should take the assistance of Insurance Web Aggregation experts before filing the application.
Read our article:Insurance Web Aggregator License Registration
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