{"id":132,"date":"2020-12-11T09:20:19","date_gmt":"2020-12-11T09:20:19","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=132"},"modified":"2020-12-11T09:20:21","modified_gmt":"2020-12-11T09:20:21","slug":"concept-and-process-to-register-web-aggregator-license","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/","title":{"rendered":"Web Aggregator License in India: Its Concept &#038; Process To Register"},"content":{"rendered":"\n<p class=\"has-drop-cap\">In this unexpected world, security and safety are hard to come by. As a result, nowadays, people are more in buying insurance policies for their families and native ones to secure the future. However, with so many policies available in the online market, people have a tough time in selecting the right one. Therefore, it is always advisable to consult an Insurance Web Aggregator to get the best solution. And to start the business of Insurance Web Aggregator, one needs to obtain <strong><a href=\"https:\/\/swaritadvisors.com\/insurance-web-aggregator-license\" class=\"text-primary\">Web Aggregator License in India<\/a><\/strong> from IRDA.<\/p>\n\n\n\n<p>In this blog, we will discuss the concept and process to obtain Web Aggregation License in India.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a554cb2b1297\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a554cb2b1297\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Concept_of_Insurance_Web_Aggregator\" title=\"Concept of\nInsurance Web Aggregator\">Concept of\nInsurance Web Aggregator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Regulatory_Framework_for_Web_Aggregator_License_in_India\" title=\"Regulatory Framework for Web\nAggregator License in India\">Regulatory Framework for Web\nAggregator License in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Role_of_Web_Aggregator_in_India\" title=\"Role of Web\nAggregator in India\">Role of Web\nAggregator in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Guidelines_for_Web_Insurance_Aggregators\" title=\"Guidelines for Web Insurance\nAggregators\">Guidelines for Web Insurance\nAggregators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Benefits_of_Web_Aggregator_License_in_India\" title=\"Benefits of Web Aggregator License\nin India\">Benefits of Web Aggregator License\nin India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Eligibility_Criteria_for_Web_Aggregator_License_in_India\" title=\"Eligibility Criteria for Web\nAggregator License in India\">Eligibility Criteria for Web\nAggregator License in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Who_are_all_Not_Eligible_to_Obtain_Web_Aggregator_License_in_India\" title=\"Who are all Not Eligible to Obtain\nWeb Aggregator License in India?\">Who are all Not Eligible to Obtain\nWeb Aggregator License in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Capital_Requirements_for_Insurance_Web_Aggregator_Business\" title=\"Capital Requirements for Insurance\nWeb Aggregator Business\">Capital Requirements for Insurance\nWeb Aggregator Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Documents_Required_for_obtaining_Web_Aggregator_License_in_India\" title=\"Documents Required for obtaining\nWeb Aggregator License in India\">Documents Required for obtaining\nWeb Aggregator License in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Process_for_Obtaining_Web_Aggregation_License_in_India\" title=\"Process for Obtaining Web\nAggregation License in India\">Process for Obtaining Web\nAggregation License in India<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#File_Application_with_IRDAI\" title=\"File Application with IRDAI\">File Application with IRDAI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Furnish_Documents_and_Fees_Prescribed\" title=\"Furnish Documents and Fees\nPrescribed\">Furnish Documents and Fees\nPrescribed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Submit_Additional_Information_Required\" title=\"Submit Additional Information\nRequired\">Submit Additional Information\nRequired<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Issuance_of_Web_Aggregation_License_in_India\" title=\"Issuance of Web Aggregation License in India\">Issuance of Web Aggregation License in India<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#The_validity_of_Web_Aggregation_License_in_India\" title=\"The validity of Web Aggregation License in India\">The validity of Web Aggregation License in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Renewal_of_Web_Aggregator_License_in_India\" title=\"Renewal of Web Aggregator License\nin India\">Renewal of Web Aggregator License\nin India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/swaritadvisors.com\/blog\/concept-and-process-to-register-web-aggregator-license\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_Insurance_Web_Aggregator\"><\/span>Concept of\nInsurance Web Aggregator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A Web Aggregator or Insurance Web Aggregator is an insurance\ncompany or intermediary that offers information and details pertaining to the\ninsurances provided by different companies. That means it acts as the\ncomparison model for the prices and features of different insurance products.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Regulatory_Framework_for_Web_Aggregator_License_in_India\"><\/span>Regulatory Framework for Web\nAggregator License in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In India, the Web Aggregator Companies is registered under the provisions of the Companies Act 2013 and is regulated and governed by the provisions of the <strong>Insurance Act 1938<sup><a href=\"https:\/\/www.irdai.gov.in\/ADMINCMS\/cms\/frmGeneral_Layout.aspx?page=PageNo107&amp;flag=1\" class=\"text-primary\"><strong><em>[1]<\/em><\/strong><\/a><\/sup><\/strong> and Insurance Regulatory and Authority of India (Insurance Web Aggregator) Rules 2017 <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Role_of_Web_Aggregator_in_India\"><\/span>Role of Web\nAggregator in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In India, the role of Web Aggregator can be summarised as:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img alt=\"\"\/><\/figure>\n\n\n\n<ol><li>Expands\nand Boosts the Online Market for Insurance Products;<\/li><li>Improves\nand Enhances Customers Experience;<\/li><li>Assists\nthe Customers in the process of Sale;<\/li><li>Aims\nto make the Insurance Sector Approachable and Transparent;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Guidelines_for_Web_Insurance_Aggregators\"><\/span>Guidelines for Web Insurance\nAggregators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The guidelines for Web Insurance\nAggregators are as follows:<\/p>\n\n\n\n<ol><li>Cannot\npromote specific insurance product or service;<\/li><li>Can\nsell products based on the Analysis Report;<\/li><li>Needs\nto properly display the pricing of each insurance product;<\/li><li>Restricted\nfrom showcasing Rankings, Ratings, Features, and highlights of the best-selling\nInsurance Product;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_Web_Aggregator_License_in_India\"><\/span>Benefits of Web Aggregator License\nin India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The benefits of Web Aggregator License in India are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Benefits-of-Web-Aggregator-License-in-India.png\" alt=\"Web Aggregator License benefits\" class=\"wp-image-135\" width=\"509\" height=\"509\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Benefits-of-Web-Aggregator-License-in-India.png 1000w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Benefits-of-Web-Aggregator-License-in-India-150x150.png 150w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Benefits-of-Web-Aggregator-License-in-India-300x300.png 300w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Benefits-of-Web-Aggregator-License-in-India-768x768.png 768w\" sizes=\"(max-width: 509px) 100vw, 509px\" \/><\/figure><\/div>\n\n\n\n<ol><li>Facilitates\nEasy Comparison of Policies from one end;<\/li><li>Get\nin Touch with Service Provider without any Personal Meeting;<\/li><li>Prevents\nHustle and Bustle;<\/li><li>Shortens\nTravelling Time;<\/li><li>Reduces\ndifficulty in Gathering Information pertaining Insurance Policies and Products;<\/li><li>Facilitates\nFair Competition;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_Criteria_for_Web_Aggregator_License_in_India\"><\/span>Eligibility Criteria for Web\nAggregator License in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Eligibility Criteria for obtaining Web\nAggregator License in India are as follows:<\/p>\n\n\n\n<ol><li>One\nneeds to apply either as a Limited Liability Partnership under LLP Act 2008 or\na Private Company under Companies Act 2013;<\/li><li>A\ncopy of MOA and AOA or LLP Agreement, specifying the object of commencing Web\nAggregation Business;<\/li><li>The\nbusiness should be involved in anything other than selling insurance policies\nonline;<\/li><li>The\nEntity must have signed Referral Agreement with the Insurer;<\/li><li>Must\nhave a website to display a comparison between different Insurance Products;<\/li><li>The\nQualification of the Principal Officer must be as per Form C of Schedule I;<\/li><li>The\nPrincipal Officer must possess necessary training, which needs to be certified\nby a competent authority;<\/li><li>Members\nmust adhere to Fit and Proper Criteria prescribed for Insurance Aggregators as\nper Form D Schedule I;<\/li><li>The\ncompany must not violate any responsibility and obligation specified under Form\nW and Form V;<\/li><li>The\nentity must not be disqualified under the eyes of the law;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_are_all_Not_Eligible_to_Obtain_Web_Aggregator_License_in_India\"><\/span>Who are all Not Eligible to Obtain\nWeb Aggregator License in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The ones who are not eligible to obtain\nWeb Aggregator License in India are as follows:<\/p>\n\n\n\n<ol><li>An\nInsurance Agent;<\/li><li>A\nCorporate Agent;<\/li><li>A\nMicrofinance Agent;<\/li><li>A\nSurveyor;<\/li><li>A\nLoss Assessor;<\/li><li>An\nInsurance Marketing Firm;<\/li><li>TPA;<\/li><li>A\nMicro Insurance Agent;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_Requirements_for_Insurance_Web_Aggregator_Business\"><\/span>Capital Requirements for Insurance\nWeb Aggregator Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Any individual or business entity that wants to operate as an IWA in\nIndia needs to have at least Rs 25 lakhs as the minimum capital requirement.\nFurther, it can raise the same by issuing shares based on the provisions of\nCompanies Act 2013.<\/p>\n\n\n\n<p>However, in the case of a Limited Liability Partnership (LLP), the\ncontribution must be made by the partners only in the form of cash.<\/p>\n\n\n\n<p>Moreover, in the case Foreign Investors, the aggregate shareholdings must not cross the threshold limit of 49% of the total paid-up capital.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_for_obtaining_Web_Aggregator_License_in_India\"><\/span>Documents Required for obtaining\nWeb Aggregator License in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The documents required for obtaining Web\nAggregator License in India are as follows:<\/p>\n\n\n\n<ol><li>A copy of Certificate of <strong>Registration of the company<\/strong>;<\/li><li>A copy of MOA and AOA or <strong><a href=\"https:\/\/swaritadvisors.com\/limited-liability-partnership-registration\" class=\"text-primary\">LLP Agreement<\/a><\/strong>;<\/li><li>A copy of PAN (Permanent Account Number) Card;<\/li><li>Bio-data of all the proposed Designated Partners or Directors, together with the copies of their Qualification and Experience Certificates;<\/li><li>Bio-data of the Principal Officer, together with the copies of his\/ her Qualification and Experience Certificates;<\/li><li>Declaration of Competency from all the proposed Directors or Designated Partners;<\/li><li>Snippets of the Online Portal, together with proof of Domain Name Registration;<\/li><li>Address Proof of the Premise from where the website has been hosted;<\/li><li>A complete list of all the individuals who have the authority to regulate, administer, and post details on the portal regarding the insurance products;<\/li><li>Certificate issued by a Practising Chartered Accountant regarding the Net Worth and Shareholding Pattern of the Company;<\/li><li>Copies of all the Audited Balance Sheets, Annual Report, and Accounts for the previous three financial years;<\/li><li>Company\u2019s Business Plan for the next three years;<\/li><li>Infrastructure details comprising of the proposed IT Infrastructure available with the applicant;<\/li><li>Human Resource Chart showcasing the details of the functions and responsibilities of each individual;<\/li><li>Login Credentials of the Web Aggregation portal;<\/li><li>LMS by IRDAI IT department;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Process_for_Obtaining_Web_Aggregation_License_in_India\"><\/span>Process for Obtaining Web\nAggregation License in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The steps involved in the process for obtaining Insurance Web Aggregator License in India are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Process-for-Obtaining-Web-Aggregation-License-in-India-heading.png\" alt=\"Web Aggregation License process\" class=\"wp-image-133\" width=\"491\" height=\"491\" srcset=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Process-for-Obtaining-Web-Aggregation-License-in-India-heading.png 1000w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Process-for-Obtaining-Web-Aggregation-License-in-India-heading-150x150.png 150w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Process-for-Obtaining-Web-Aggregation-License-in-India-heading-300x300.png 300w, https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2020\/12\/Process-for-Obtaining-Web-Aggregation-License-in-India-heading-768x768.png 768w\" sizes=\"(max-width: 491px) 100vw, 491px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"File_Application_with_IRDAI\"><\/span>File Application with IRDAI<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the first step, the applicant requires\nto apply with IRDAI for obtaining web aggregator license in form A of Schedule\nI.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Furnish_Documents_and_Fees_Prescribed\"><\/span>Furnish Documents and Fees\nPrescribed<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Now, in the next step, the applicant\nrequires to submit all the documents required, together with the fees of Rs\n10000 as specified under the laws. Moreover, the proposed business entity needs\nto submit its five years business plan as well.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Submit_Additional_Information_Required\"><\/span>Submit Additional Information\nRequired<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In case the authority granting\nregistration requires some additional information or clarification, then, in\nthat case, the applicant company requires to file replies to all the queries\nraised by the IRDAI (Insurance Regulatory Development Authority of India).\nFurther, it shall be pertinent to mention that the applicant needs to file the reply\nwithin 30 days, starting from the date of the communication.<\/p>\n\n\n\n<p>However, in case the authority rejects\nthe application of registration, then the company needs to file the same all\nover again.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Issuance_of_Web_Aggregation_License_in_India\"><\/span>Issuance of Web Aggregation License in India<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Lastly, if the authority is satisfied\nwith the application and documents furnished, it will issue a Certificate of\nRegistration (COR) to the applicant company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_validity_of_Web_Aggregation_License_in_India\"><\/span>The validity of Web Aggregation License in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Certificate of Insurance Web\nAggregator or IWA License remains valid for a period of 3 years, starting from\nthe date of issuance of the license. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Renewal_of_Web_Aggregator_License_in_India\"><\/span>Renewal of Web Aggregator License\nin India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In India, the holder of the Web\nAggregator License needs to apply for the renewal at least 30 days before the\ndate of expiry by filing an application, together with the fees of Rs 25000.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In a nutshell, an Insurance Web Aggregator acts as the comparison model for the prices and features of different insurance products. Further, this model not only boosts the Online Market for Insurance Products but aims to make the Insurance Sector Approachable and Transparent as well.<\/p>\n\n\n\n<p>However, an Insurance Web Aggregator\nLicense holder is not allowed to promote specific insurance product or service\nbut can sell products based on Analysis Report. Also, it needs to properly\ndisplay the pricing of each insurance product;<\/p>\n\n\n\n<p>Lastly, for any other doubt and confusion, reach out to <strong><a href=\"https:\/\/swaritadvisors.com\/\" class=\"text-primary\">Swarit Advisors<\/a><\/strong>, our skilled and proficient IRDA experts will assist you in acquiring Insurance Web Aggregator Registration in a hassle-free manner.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/get-loan-under-nidhi-scheme\/\">Is It Possible To Get a Loan Under Nidhi Scheme?<\/a><\/mark><\/p>\n\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this unexpected world, security and safety are hard to come by. As a result, nowadays, people are more in buying insurance policies for their families and native ones to secure the future. However, with so many policies available in the online market, people have a tough time in selecting the right one. Therefore, it [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[45],"tags":[81],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/132"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=132"}],"version-history":[{"count":7,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/132\/revisions"}],"predecessor-version":[{"id":145,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/132\/revisions\/145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/136"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}