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Overview of Insurance web aggregator service

We at enterslice, provides the service of web aggregator is an insurance firm that gives information on insurance provided by different companies. The Process Insurance web aggregator License either maintains an internet site or owns an internet site to supply information on the insurance products

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Overview of Insurance web aggregator service

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  1. INSURANCEWEB AGGREGATORLICENCE info@enterslice.com

  2. The web aggregator concept is developed when end consumers get quotes on the prices of different financial products. Agreements are made between web aggregators and insurers. All relevant information related to insurance products has to be provided. Information related to insurance products is displayed on the website. ROLEOFA WEB AGGREGATOR

  3. Insurance Web Aggregator Licence is required so that insurance products can be shown to end customers. INSURANCE WEB AGGREGATOR LICENCE To maintain the website related to Insurance Products. The primary regulatory authority for the Insurance Web Aggregator Licence is the Insurance Regulatory and Development Authority of India (IRDAI). The Insurance Act 1938 and the Insurance Regulatory and Development Act 1999 are the regulations behind Insurance law To ensure that quality standards related to insurance products are maintained.

  4. ELIGIBILITY CRITERIAFOR INSURANCE WEB AGGREGATOR LICENCE For granting or renewing the certificate of registration for an Insurance Web Aggregator Licence the following have to be satisfied.

  5. A Company formed under the Companies Act 2013, or Limited Liability Partnership formed under the LLP Act 2008 The MOA and AOA should be the main objects of the web aggregator business The applicant must not be engaged in any other business other than the web aggregation business. The applicant has its website for insurance web aggregation. The principal officer has undergone the necessary training and passed the examination required by the specified authority. Authorized Verifier has gone through the prescribed training and passed the examination conducted by the specified authority.

  6. PROCESS / PROCEDURE FORINSURANCEWEB AGGREGATORLICENCE An Applicant who wants to register as a web aggregator must make an application in Form- A (the application for grant of certificate of registration). Along with the application a fee of Rs. 10,000/- plus tax has to be paid through electronic transfer or demand draft payable in favor of the Insurance Regulatory and Development Authority of India payable at Hyderabad.

  7. The application would not be processed without the payment of the fee. If the aggregator is also going to provide outsourcing and telemarketing services, the same has to be mentioned in the same application form Whether the applicant has fulfilled the eligibility criteria; Whether any key managerial persons are suffering from any disqualifications under the Insurance Act 1938; The authority would deal with the application for registration as a web aggregator’s licence. The authority can ask to furnish extra documentation for the web aggregator’s licence.

  8. PROCEDUREFOR INSURANCEWEB AGGREGATORLICENCE

  9. SOMEFOLLOWINGSTEPS A new application for the certificate of registration can be made only after one year. This would be applicable in case of the lapse of the certificate, or the authority has refused to grant the certificate. The certificate of registration would be issued when the applicant satisfies the code of conduct laid down by the authority. Web Aggregators should take adequate steps for redressal of grievances within 14 days.

  10. Contact Us 9870310368  https://enterslice.com/

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