GET THIS SERVICE IN JUST 3 STEP

Pricing Summary :-
Market Price : ₹30000
OUR PRICE : ₹25000

16.666666666667 16

Government Fee As Per Applicable

18%GST Applicable on Consultancy fees

You Save ₹5000 (16%)

PAY ONLY 50% i.e ₹12500
Rest you can pay Later

Or Ask an Expert :-
+91 7229903363

Process
1

Step1

1. Complete the Application Form, Document Processing

Process
2

Step 2

2. Drafting of necessary documents, Preparation of E-forms

Process
3

Step 3

3. Approval Insurance Web Aggregator License

Introduction:

With the rapid growth of the internet and digital technology, insurance distribution in India has witnessed a transformational shift. Web aggregators, a crucial component of this evolution, act as online intermediaries between customers and insurance providers. To regulate and monitor the activities of these online platforms, the Insurance Regulatory and Development Authority of India (IRDAI) introduced the concept of an Insurance Web Aggregator (IWA) license. Acquiring an IWA license is a crucial step for entities seeking to operate as online insurance aggregators in India. In this regard, GST & IT Buddies has emerged as the best service provider, offering expert guidance, personalized solutions, and comprehensive expertise in obtaining an Insurance Web Aggregator license in India.

 

Understanding the Significance of an Insurance Web Aggregator License:

An Insurance Web Aggregator license is a legal authorization granted by IRDAI to entities that operate online platforms to compare and sell insurance products from various insurers. These web aggregators help customers make informed decisions by providing them with comparative quotes and policy details from multiple insurers. The license ensures that aggregators operate ethically, transparently, and in compliance with IRDAI regulations.

 

Challenges in Obtaining an Insurance Web Aggregator License:

Acquiring an Insurance Web Aggregator license involves navigating through a series of regulatory complexities. Entities seeking to become web aggregators must fulfill specific eligibility criteria, demonstrate financial stability, and have a robust business plan. Additionally, they must develop a comprehensive website or mobile application, implement data security measures, and adhere to prescribed governance and transparency guidelines.

 

GST & IT Buddies:

The Premier Insurance Web Aggregator License Provider in India:

GST & IT Buddies stands as the best service provider, specializing in guiding entities through the process of obtaining an Insurance Web Aggregator license in India. Their team of insurance and technology experts possesses in-depth knowledge of IRDAI guidelines and regulations, ensuring a seamless and efficient license application process for aspiring insurance web aggregators.

 

Key Features and Benefits:

  1. Expert Regulatory Counsel: The team at GST & IT Buddies comprises seasoned professionals well-versed in IRDAI guidelines and the regulatory landscape. Their expert guidance ensures that entities meet all legal requirements during the license application process.

  2. Customized Solutions: GST & IT Buddies offers personalized solutions tailored to the specific needs of each entity. They meticulously plan the license application process, ensuring compliance with the unique requirements of each aspiring insurance web aggregator.

  3. Technology Integration: As technology specialists, GST & IT Buddies assists entities in developing and implementing the required website or mobile application with the necessary data security measures, ensuring compliance with IRDAI guidelines.

  4. Timely Execution: The insurance web aggregator license application involves multiple time-bound tasks. GST & IT Buddies ensures that all necessary paperwork and approvals are obtained promptly, minimizing any delays.

  5. Compliance Assurance: As compliance specialists, GST & IT Buddies conducts thorough checks to ensure that all regulatory obligations are met. Their proactive approach minimizes potential risks and ensures adherence to ethical practices.

 

Conclusion:

In conclusion, obtaining an Insurance Web Aggregator license is a vital requirement for entities seeking to operate as online insurance aggregators in India. This license signifies adherence to IRDAI regulations, ensuring that customers receive unbiased policy comparisons and information from multiple insurers.

GST & IT Buddies has emerged as the best service provider, offering expert guidance, personalized solutions, and unwavering commitment to compliance excellence in obtaining an Insurance Web Aggregator license in India. By collaborating with GST & IT Buddies, aspiring insurance web aggregators can embark on this significant process with confidence, knowing that their license application is in safe hands.

As the leader in providing solutions for Insurance Web Aggregator license acquisition in India, GST & IT Buddies continues to set the standard for compliance excellence. Their dedication to ensuring a smooth and efficient process reinforces their position as the preferred partner for entities seeking to operate as online insurance aggregators responsibly and ethically.

Documents Required

1. A copy of the Certificate of Registration of the company.

2. Copies of Memorandum of Association with Articles of Association of the company.

3. For an LLP, a copy of the LLP Agreement certified by a practicing C.A.

4. A photocopy of the PAN Card;

5. Copies of education and qualification-related documents of all the directors, partners, and Principal Officers.

6. A duly certified declaration from directors or promoters stating the competency and qualifications of all administrative officers.

7. Domain and web portal registration details of the company.

8. Address proof of the company.

9. List of the individuals who will manage the content to be posted in the web portal.

10. Photocopy of the certificate issued by CA describing the shareholding pattern and net worth of the web aggregator company.

11. Copies of the audited accounts, annual report, and balance sheets of the last 3 financial years.

12. 3-year Business Plan of the company.

13. Details of IT and physical infrastructure of the company.

14. Human Resource Chart showing the roles and responsibilities of each employee.

15. Login Credentials of the website for verification by the IRDAI Information Technology Department.


Pricing Summary :-
Market Price : ₹30000
OUR PRICE :₹25000

16.666666666667 16

Government Fee As Per Applicable

You Save ₹5000 (16%)

PAY ONLY 50% i.e ₹12500
Rest you can pay Later

Or Ask an Expert :-
+91 7229903363

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