What is a Web Aggregator?
An Insurance Web Aggregator is a company registered by IRDAI that maintains a website to provide information on insurance products of different insurers. It allows customers to compare the price and features of products (like term plans, health insurance, car insurance) and buy them online.
This is a tech-driven business model perfect for the digital age, enabling transparent comparison and easy purchase of insurance.
Revenue Model
Lead Generation
Fees for generating leads for insurers (when customers show interest).
Commission
Commission on policies sold through the telemarketing/online process.
Display Ads
Advertising revenue from insurers for displaying their products/banners.
Eligibility Criteria
- Net Worth: Minimum net worth of ₹25 Lakhs.
- Tech Platform: Must have a robust comparison engine and website.
- Telemarketers: Authorized verifiers/telemarketers to close sales.
- No Affiliation: Should not be related to any insurance company (promoter group).
Technology is the backbone of this license. Your website must integrate with insurer APIs to fetch real-time quotes.
Frequently Asked Questions
Find answers to common questions about Web Aggregator License.
What documents are required for Web Aggregator License?
Required documents typically include identity proof, address proof, business plan, financial statements, and specific regulatory forms. Our team will provide a complete checklist during consultation.
How long does the registration process take?
The timeline varies based on complexity and regulatory requirements. Typically, the process takes 30-90 days. We offer fast-track options for urgent requirements.
What is the cost for this service?
Pricing depends on the specific requirements and scope. Contact us for a customized quote. We offer competitive pricing with transparent fee structures.
Do you provide post-registration support?
Yes! We provide comprehensive post-registration compliance support including annual filings, regulatory updates, and ongoing advisory services.
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