Web Aggregator Guidelines IRDA

Is there anyone who will give link to download Web Aggregator Guidelines of IRDA? Someone is here who will provide complete list of Approved Insurance Web Aggregators of IRDA with Web Aggregator Guidelines?

[Rajkumar Agarwal]

Here I am providing Web Aggregator Guidelines with list of Approved Insurance Web Aggregators of IRDA for your reference:

IRDA Approved Insurance Web Aggregators

License Code No./ Approval No Name of the Applicant
IRDA/WBA11/2012 Commet Insurance Web Aggreagtor Pvt Ltd.
IRDA/WBA17/2014 PolicyX.com Insurance Web Aggregator Pvt LTd
IRDA/WBA20/2014 OA Insurance Web Aggregators Pvt Ltd.
IRDA/WBA19/2014 Fingoole Insurance Web Aggregator Pvt Ltd.
IRDAI/WBA18/2014 EASYPOLICY Insurance Web Aggreagatror Pvt Ltd.
IRDAI/WBA21/2015 POLICY BAZAAR Insurance Web aggregator Pvt Ltd
IRDAI/WBA24/2015 My Insurance Club Insurance Web Aggregator Pvt Ltd.
IRDAI/WBA26/2015 Great India Insurance Web Aggregator Pvt Ltd.
IRDAI/WBA22/2015 Mint Wise Insurance Web aggregators Pvt Ltd.
IRDAI/WBA25/2015 Boon Insurance Web Aggregator Pvt Ltd
IRDAI/WBA23/2015 Compare Policy Insurrance Web Aggregator Pvt Ltd
IRDAI/WBA27/2015 Buy Smart Policy Insurrance Web Aggregator Pvt Ltd
IRDAI/WBA29/2015 MSF Insurance Web Aggregator Pvt Ltd
IRDAI/WBA28/2015 Policy Mantra Ins web Aggregator Pvt. Ltd.
IRDAI/WBA30/2016 Deztination Insurance Web Aggregator Pvt. Ltd.
IRDAI/WBA31/2016 A&A Dukaan Insurance Web Aggregator
IRDA/WB33/2016 Policies365 Insurance Web Aggregator Pvt. Ltd
IRDA/WB32/2016 Zibika India Insurance Web Aggregator Pvt. Ltd
IRDA/WEB/AGG/HR/009 Mangotree Insurance Web Aggregator Pvt Ltd.
IRDA/WB37/2016 ETInsure Insurance Web Aggregator Ltd
IRDAI/WB34/2016 Covernest Insurance Web Aggregator Pvt. Ltd

IRDA Web Aggregator Guidelines

Short title and commencement:
a) This regulation may be called the Insurance Regulatory and Development Authority (Web Aggregators) Regulations, 2013.
b) This regulation shall come into force on the date of their notification in the Official Gazette.
c) This regulation shall apply to all Web Aggregators and Insurers carrying on Insurance business in India

Definitions:

a) “Act” means the Insurance Act, 1938 (4 of 1938)

b) “Agreement” for the purpose of this regulation means an agreement entered into between a web aggregator and an Insurer.

c) “Authority” means the Insurance Regulatory and Development Authority established under the provisions of Section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999).

d) ‘Distance Marketing’ -for the purpose of this regulation refers to the process of solicitation or sale of insurance products or services where the consumer is physically not present at point of solicitation or sale or the conclusion of the sale, and the process is accomplished through telephone SMS email Internet and web services.

e) “Insurer” – as defined in Section 2 (9) of Insurance Act, 1938.

f) “Lead” – For the purpose of this regulation “lead” means information pertaining to a client who has accessed the website of a web aggregator and has submitted contact information of any kind, for obtaining information on prices or features/benefits of insurance products.

g) “Lead Generation” – for the purpose of this regulation, lead generation is the process of collecting the details of the clients or prospects in any fashion or approaching the clients directly or in distant mode to ascertain their intent to purchase insurance before proceeding with solicitation of insurance products and includes all the activities leading to the solicitation.

h) ‘Lead Management System’ (LMS) for the purpose of this regulation refers to the Software implemented by the entity for recording, filtering, validating, grading, distribution, follow up and closure of leads from the enquiries received on the website of the Web Aggregator with an intention to buy insurance products.

IRDA Web Aggregator Guidelines