Insurance aggregator business plan

This is a website portal or search utility to enable a The next time you get a call from a telemarketer asking you to buy an insurance product, make sure you are not made to buy only the specific product that they wish to sell.

Updated: Jul 17, Why three years? The new guidelines for the web aggregators issued by the Insurance Regulatory and Development Authority of India IRDAI mandates that no insurance web aggregators should promote or push a particular product of a particular company either through its web-site or through distance marketing.

insurance aggregator model

Consumers will now also benefit from the easy access to these products online, as the digital channel is increasingly becoming their preferred mode for research and transactions. We run complex algorithms to find plans that fit your requirements and return you features and quotes within seconds.

Web aggregators shall display product information purely on the basis of the information furnished to them by insurers.

how do insurance aggregators make money

This is one of the findings of a recent national survey of independent insurance agents conducted by What are Web Aggregators?

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IRDAI: Will IRDAI's new web aggregators guidelines give digital push to insurance sales?