Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Country
Looking to scale from zero to a multi-crore insurance business? Get an Insurance Web Aggregator License with expert-led support by Enterslice. We manage licensing, audit, filings, and compliance, ensuring a reduction in regulatory risks by 50%.
500000 +
500 +
50 +
GET FREE CONSULTATION
Rated at 4.8/5 21983+ Happy Reviews
Who Regulates What is the Role Benefits What are the Functions How doEligibility Criteria Documents Required Net Worth RequirementsHow to Apply What are the prerequisites TimelineHow will Enterslice help FAQs Schedule Meeting Insurance Web Aggregator License- An Overview An insurance web aggregator acts as an intermediary or an online platform that provides information about the insurance products and policies offered by different companies through a website or an online portal. Insurance web aggregators must obtain an insurance web aggregator license from the IRDAI before commencing business operations as per insurance web aggregator regulations. It compares insurance products and their prices on such an online platform to help the customers analyze 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 and regulated by the IRDAI (Insurance Web Aggregator) Regulations, 2017. 40% Digital Insurance Sales in India Annual Tax Reporting 250+ Insurance Plans (Health, Travel, Motor, and Life) More than 23 Million Active Transacting Consumers Around โน7,600 Crore (Total Insurance Premiums via Aggregators) Growth of Protection Products (44% YoY) One License, Multiple Revenue Streams Get IRDA Web Aggregator License with Enterslice From application to approval, Enterslice handles every IRDAI requirement. Save your time and effort with our expert consultants, who have more than a decade of experience in getting an IRDA web aggregator license. Get Started Now Who Regulates Insurance Web Aggregator License? The primary regulatory authority for the insurance web aggregator license 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. What is the Role of the Insurance Web Aggregator with a Web Aggregator License in Insurance? The main role is to facilitate comparison between different insurance products. Aggregators have contracts with insurance companies, which are obligated to share all pertinent information. Here, we have discussed below in pointers for your better understanding: The insurance web aggregators with a web aggregator license in insurance must present information in a specific format on their website. Insurance web aggregators are prohibited from displaying ratings, rankings, endorsements, or best-sellers of insurance products. They cannot showcase any products other than insurance products and are also prohibited from running advertisements. What are the Benefits of Obtaining an Insurance Web Aggregator License? Obtaining an insurance web aggregator license enables companies to expand their customer base and cut down on advertising expenses. It also gives customers a simpler way to analyze and select insurance products, resulting in improved offers and a more efficient market. Time & Energy Saver An insurance web aggregator helps users save time and effort by eliminating the necessity of going to various insurance company websites to compare policies one by one. Users can use an aggregator to compare several policies at once conveniently. Offers Better Pricing Insurance web aggregators collaborate with numerous insurance providers, leading to competition between insurers. It leads to improved pricing for customers as insurance providers vie to offer the most competitive rates and advantages. Offers Expert Opinion Insurance web aggregators typically employ a group of specialists available to offer guidance to users in selecting the most suitable policy. Users can inquire and receive advice from these professionals to assist them. Realtime Alerts & Updates Users are informed about the newest products, updates in regulations, and market trends that may affect their insurance choices in the present and future. It is one of the key benefits of insurance web aggregator license. Policy Management Certain platforms provide features for overseeing bought policies, such as notifications for premium payments and renewals, online storage of policy papers, and assistance with processing claims. Grow Faster with Higher Margins Avoid heavy online infrastructure. Web aggregators with an IRDA web aggregator license reduce distribution costs by 30% to 50% while enabling rapid digital scale across India. Fraud Detection & Prevention KYC and AML investigations help uncover unusual, suspicious, or fraudulent transactions, supporting anti-money laundering and counter-terrorism efforts. What are the Functions Performed by Insurance Web Aggregators? The insurance web aggregators enable users to compare and buy different insurance policies. They offer resources for comparing premiums, coverage, and conditions from different insurers, making the purchasing process easier and providing customer support and educational materials to assist in selecting the appropriate insurance product. Founders must get a better insight into insurance web aggregator regulations. An insurance web aggregator performs the following functions: Providing the relevant information related to insurance products Comparison of insurance products Display information related to insurance products on the website Assisting in the sale of insurance policies Solicitation of policies How do Web Aggregators with an Insurance Web Aggregator Registration earn Money? The web aggregators with an insurance web aggregator registration earn money through commissions from the insurance companies when any policy is purchased through their platform. Usually, you see that the insurance web aggregators do not charge their users for using their services. The revenue streams for insurance web aggregators are mentioned below- Commission from Insurance Companies (Primary Source) Targeted Advertising (Limited Source) Renewal Commissions (Secondary Source) Premium Comparison Tools (Value-added Service) Strategic Partnerships Freemium Model Eligibility Criteria for Web Aggregator License in Insurance Have a look at the eligibility criteria for the IRDA web aggregator license in insurance- Company or LLP registered in India Minimum paid-up capital of Rs 25 lakh (for Companies) Minimum contribution of Rs 25 lakh (for LLPs) Minimum net worth required is Rs 25 lakh (maintained at all times) Indian resident directors and partners only MOA and AOA for companies LLP agreements for LLPs Business confined to web aggregation No other business activities permitted Not registered as any insurance intermediary A dedicated insurance web aggregation website is required No referral or exclusive insurer agreements Only one insurance intermediary registration is involved Directors and KMP must be fit and proper Qualified and IRDAI-certified principal officer mandatory IRDAI-trained authorized verifier, if applicable No past regulatory violations Must protect and serve policyholders’ interests What are the Documents Required for Insurance Web Aggregator License? The documents needed for insurance web aggregator license are mentioned below- ROC Certificate of Registration MOA and AOA Company PAN Card Copy Directors/Partners Details Proposed Website Content Preview Principal Officer Details Website Content Responsible Persons Website Hosting Location Certified Shareholding Pattern Net Worth Certificate (CA) IT Infrastructure Details Audited Financial Statements Website Login Credentials (View-only) Organisational Structure and Roles What are the Net Worth Requirements for an Insurance Web Aggregator License? The net worth requirements for getting an insurance web aggregator license are mentioned below: Net worth must not fall below 100% of the capital requirements. The insurance web aggregator must review the net worth status every half year, as of 30th September and 31st March every year, and report non-compliance, if any. This must be done within 15 days, and such requirements must be met within 30 days, followed by confirming insurance web aggregator compliance with the IRDAI. If the Insurance Aggregator is unable to maintain the net worth after 30 days, then the business related to the aggregator should be stopped. The Chartered Accountant finally authenticates the net worth certificate. How to Apply for Insurance Web Aggregator License with Enterslice? In order to apply for insurance web aggregator license with Enterslice, you need to follow the steps mentioned below- Fulfil Eligibility Requirement Ensure the applicant meet all IRDAI eligibility, financial, and compliance conditions. File Application in Form A Submit Form A along with Rs 10,000 plus applicable taxes to IRDAI through approved payment modes Submit Required Documents Provide all prescribed documents to enable IRDAI to initiate verification process. Verification by IRDAI IRDAI scrutinizes the application and documents. Deficiencies may lead to rejection within 30 days. Issuance of Registration Certificate IRDAI grants the certificate of registration in Form E if it serves policyholders’ interests. What are the prerequisites for the Grant of the Insurance Web Aggregators License? Certain conditions have to be followed by the applicant for the grant of insurance web aggregators license, such as: The applicant can only facilitate solicitation. The applicant shall comply with the provisions of the IRDA Act, 1999. The applicant should inform the authority of any material change or false/misleading information in previously provided documents. The Insurance Web Aggregators should take adequate steps to redress grievances within 14 days. The Insurance Web Aggregator shall maintain the prescribed code of conduct. The Insurance Web Aggregator shall solicit and procure a reasonable number of insurance policies commensurate with its resources. The authority has the power to appoint another investigative agency to examine the books of accounts of the web aggregator. Timeline to Obtain IRDA Web Aggregator License After fulfilling all the regulatory requirements of IRDAI, the business entity usually takes around 5 to 6 months to obtain an IRDA web aggregator license in India. How will Enterslice help you obtain an IRDA Web Aggregator License? Enterslice offers consultancy services for legal, financial, and business advice, along with help in acquiring necessary licenses for operating in sectors like finance and insurance. We are here to assist you in various ways to acquire an IRDA web aggregator license in India, overseen by the IRDAI. Besides this license, we help insurance business enthusiasts in securing an insurance broker license, insurance marketing firm license, ISNP certification, etc. We have discussed below how we can assist your company in obtaining an insurance web aggregators license: 100% IRDAI-compliant Documentation Network of 10,000+ Professionals 15+ Years of Proven Track Record Entity Setup to Final IRDAI Approval Expert Guidance on Minimum Capital & Net Worth Cut licensing timeline by up to 30% Fit & Proper Compliance for 100% of Directors and KMPs Single-window Coordination, No Need to Chase Multiple Advisors Future-ready for Renewals, Audits, and Inspections Compliance-first Approach Trusted by Startups, Fintechs, and Enterprises Website and Tech Compliance Aligned with IRDAI Web Aggregator Rules FAQs on Online Insurance Web Aggregator License How many insurance web aggregators are in India? There are 34 insurance web aggregators in India as per official list on the IRDAI website. What is the difference between a web aggregator & insurance broker? The insurance broker generally offers a traditional or personalized approach and engages in one-to-one interactions, whereas web aggregators control technology and provide a wide array of policy options through online platforms. What is the validity of the certificate of insurance web aggregator registration? The certificate of insurance web aggregator registration is valid for three years from the date of issuance unless it is cancelled or suspended. Who can be an Authorized Verifier? An authorized verifier is a verified person employed by the insurance web aggregator for insurance application and acquisition through distance marketing and telemarketing. Is it possible for the insurance web aggregator to advertise anything on their website? No, the insurance web aggregator can't advertise any product or service on their website. What will happen to the application for a Certificate of Registration if the application is incomplete? An application submitted by the Applicant that is not complete in all respects and/or does not conform to the instructions specified in the application form and/or does not comply with the authority's requirements and/or directions may be rejected. Who is the Principal Officer (PO)? The Principal Officer is an individual who is considered a key management executive of the Insurance Web Aggregator. Is it necessary to have a website prepared for an Insurance Aggregator? Yes, the applicant shall prepare a functional website while preparing it. It is also mandatory to submit the website's audit report, known as the CISA Report, certified by authorized professionals for this purpose. What are the Fees for an Insurance Web Aggregator License? The fee for an insurance web aggregator license will include government fees of around Rs. 10,000, which are non-refundable, plus other professional charges. Which is the best insurance web aggregator in India? The best insurance web aggregator in India is PolicyBazaar. What are the minimum Capital Requirements for a Web Aggregator License? The capital requirement for the insurance web aggregator license is mentioned below for your better understanding: The applicant must have a minimum paid-up capital of โน25 lakhs. If the Insurance Web Aggregator is a company under the Companies Act, 2013, the capital must be issued and subscribed only in the form of equity shares. In the case of an LLP, the partners’ contribution must be made only in cash. The shares of the web aggregator held as capital must not be pledged in any manner to secure credit. What is the market size of an insurance web aggregator industry? The Indian digital insurance web aggregators market is around USD 1.4 billion in 2025. It is experiencing strong growth driven by UPI, smartphones, and IRDAI’s push for e-insurance. It is a key component in one of the booming Indian insurance markets valued in the hundreds of billions.
An insurance web aggregator acts as an intermediary or an online platform that provides information about the insurance products and policies offered by different companies through a website or an online portal. Insurance web aggregators must obtain an insurance web aggregator license from the IRDAI before commencing business operations as per insurance web aggregator regulations.
It compares insurance products and their prices on such an online platform to help the customers analyze 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 and regulated by the IRDAI (Insurance Web Aggregator) Regulations, 2017.
40% Digital Insurance Sales in India
Annual Tax Reporting
250+ Insurance Plans (Health, Travel, Motor, and Life)
More than 23 Million Active Transacting Consumers
Around โน7,600 Crore (Total Insurance Premiums via Aggregators)
Growth of Protection Products (44% YoY)
One License, Multiple Revenue Streams
From application to approval, Enterslice handles every IRDAI requirement. Save your time and effort with our expert consultants, who have more than a decade of experience in getting an IRDA web aggregator license.
The primary regulatory authority for the insurance web aggregator license 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.
The main role is to facilitate comparison between different insurance products. Aggregators have contracts with insurance companies, which are obligated to share all pertinent information. Here, we have discussed below in pointers for your better understanding:
Obtaining an insurance web aggregator license enables companies to expand their customer base and cut down on advertising expenses. It also gives customers a simpler way to analyze and select insurance products, resulting in improved offers and a more efficient market.
An insurance web aggregator helps users save time and effort by eliminating the necessity of going to various insurance company websites to compare policies one by one. Users can use an aggregator to compare several policies at once conveniently.
Insurance web aggregators collaborate with numerous insurance providers, leading to competition between insurers. It leads to improved pricing for customers as insurance providers vie to offer the most competitive rates and advantages.
Insurance web aggregators typically employ a group of specialists available to offer guidance to users in selecting the most suitable policy. Users can inquire and receive advice from these professionals to assist them.
Users are informed about the newest products, updates in regulations, and market trends that may affect their insurance choices in the present and future. It is one of the key benefits of insurance web aggregator license.
Certain platforms provide features for overseeing bought policies, such as notifications for premium payments and renewals, online storage of policy papers, and assistance with processing claims.
Avoid heavy online infrastructure. Web aggregators with an IRDA web aggregator license reduce distribution costs by 30% to 50% while enabling rapid digital scale across India.
KYC and AML investigations help uncover unusual, suspicious, or fraudulent transactions, supporting anti-money laundering and counter-terrorism efforts.
The insurance web aggregators enable users to compare and buy different insurance policies. They offer resources for comparing premiums, coverage, and conditions from different insurers, making the purchasing process easier and providing customer support and educational materials to assist in selecting the appropriate insurance product. Founders must get a better insight into insurance web aggregator regulations.
An insurance web aggregator performs the following functions:
The web aggregators with an insurance web aggregator registration earn money through commissions from the insurance companies when any policy is purchased through their platform. Usually, you see that the insurance web aggregators do not charge their users for using their services.
The revenue streams for insurance web aggregators are mentioned below-
Have a look at the eligibility criteria for the IRDA web aggregator license in insurance-
The documents needed for insurance web aggregator license are mentioned below-
ROC Certificate of Registration
MOA and AOA
Company PAN Card Copy
Directors/Partners Details
Proposed Website Content Preview
Principal Officer Details
Website Content Responsible Persons
Website Hosting Location
Certified Shareholding Pattern
Net Worth Certificate (CA)
IT Infrastructure Details
Audited Financial Statements
Website Login Credentials (View-only)
Organisational Structure and Roles
The net worth requirements for getting an insurance web aggregator license are mentioned below:
In order to apply for insurance web aggregator license with Enterslice, you need to follow the steps mentioned below-
Ensure the applicant meet all IRDAI eligibility, financial, and compliance conditions.
Submit Form A along with Rs 10,000 plus applicable taxes to IRDAI through approved payment modes
Provide all prescribed documents to enable IRDAI to initiate verification process.
IRDAI scrutinizes the application and documents. Deficiencies may lead to rejection within 30 days.
IRDAI grants the certificate of registration in Form E if it serves policyholders’ interests.
Certain conditions have to be followed by the applicant for the grant of insurance web aggregators license, such as:
After fulfilling all the regulatory requirements of IRDAI, the business entity usually takes around 5 to 6 months to obtain an IRDA web aggregator license in India.
Enterslice offers consultancy services for legal, financial, and business advice, along with help in acquiring necessary licenses for operating in sectors like finance and insurance. We are here to assist you in various ways to acquire an IRDA web aggregator license in India, overseen by the IRDAI. Besides this license, we help insurance business enthusiasts in securing an insurance broker license, insurance marketing firm license, ISNP certification, etc.
We have discussed below how we can assist your company in obtaining an insurance web aggregators license:
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
-- Testimonials
โEnterslice guided our insurance web aggregator license with expert clarity, timely updates and seamless documentation - incredibly professional and supportive service.โ
Verified Customer
โVery satisfied! Enterslice handled every step of our licensing process with precision and excellent communicationโ
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
Login
Get Started
WhatsApp
(+91) 9870310368 
(+1) 6292766228