Insurance Web Aggregator License
An Insurance web aggregator is an intermediary or an insurance company that provides information about the insurance offered by different companies through a website or an online portal.
It compares insurance products and their prices on such an online platform to help the customers analyse the best product and make an informed decision before buying any insurance product. The Insurance web aggregator is a business entity registered under the Companies Act 2013 or 1956 and regulated by the Insurance Regulatory and Development Authority of India ( Insurance Web Aggregator) Regulations 2017
An Insurance web Aggregator must obtain an Insurance Web Aggregator licence from the IRDAI before commencing the business operations, which makes it essential for the Insurance Web Aggregator to be aware of the legalities associated with the Insurance Web Aggregator License.
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