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Insurance Web Aggregator Registration (IRDAI)

An Insurance Web Aggregator is a company licensed by IRDAI to operate online portals that aggregate and compare insurance products from multiple insurers. It requires a minimum net worth of Rs. 25 lakh and is governed by IRDAI Web Aggregator Regulations, 2017.

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Reviewed byInsurance and regulatory compliance expert•Updated May 5 2026, 02:30 PM
Professional Fees
Loading...+ IRDAI Application Fees
Estimated Time
45-90Working Days
Company registration as per IRDAI requirements
IT infrastructure and portal compliance advisory
IRDAI Form VA-1 application filing
Principal Officer and Designated Director compliance
Ongoing IRDAI annual reporting advisory
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Insurance Web Aggregator Registration Overview

Required for running platforms that compile and provide information about insurance policies of various companies (like PolicyBazaar).

Establishing a formalized structure through Insurance Web Aggregator Registration is a critical milestone. It not only grants you legal recognition and credibility in the market but also offers significant operational advantages. This includes limited liability protection, better access to formal credit and funding, and the ability to attract top-tier talent and partnerships. We ensure that your foundational compliance is rock-solid from day one.

Our team helps with eligibility checks, document collection, application preparation, filing, and follow-up support so the process stays clear from start to finish.

Eligibility

Applicants must be a registered company or LLP with a minimum paid-up capital/contribution of Rs. 25 Lakhs, and have a robust IT infrastructure.

Registered Company/LLP
Minimum ₹25 Lakhs Capital
Principal Officer Appointed
Robust IT Infrastructure

Benefits

Large Market Access

Aggregate products from all major life, health, and general insurers.

Lead Generation

Earn commissions and referral fees from insurer partnerships.

Regulatory Clarity

IRDAI registration provides a clear legal framework for operations.

Consumer Trust

IRDAI-licensed aggregators are trusted by consumers and insurers alike.

Documents Required

  • Certificate of Incorporation of the company
  • Memorandum and Articles of Association
  • PAN Card of the company
  • Net worth certificate (minimum Rs. 25 lakh) certified by CA
  • Audited financial statements (last 3 years if available)
  • Infrastructure plan for the web aggregation platform
  • IT Security audit report
  • Principal Officer details (qualification, experience, background check)
  • Board resolution for the application
  • Shareholding pattern and corporate structure details

Process

Step 1

Incorporate Entity

Register a Company or LLP with the required capital.

Step 2

Appoint Principal Officer

Ensure the PO completes necessary training and exams.

Step 3

Develop IT Platform

Build the website/app compliant with IRDAI IT guidelines.

Step 4

Submit IRDAI Application

File Form A along with detailed business plans and net worth proofs.

Step 5

IRDAI Scrutiny & Query Resolution

Respond to IRDAI queries and present the business model.

Step 6

License Issuance

Receive the Web Aggregator License valid for 3 years.

Timeline

Obtaining IRDAI approval for a Web Aggregator license takes around 3 to 6 months, involving stringent scrutiny of IT infrastructure and compliance.

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Frequently Asked Questions

Can a Web Aggregator sell insurance?

They can display product comparisons and capture leads, which are then either transmitted to insurers or closed via their own telemarketing/physical channels if authorized.

What qualifications must the Principal Officer hold?

The PO must possess specific educational qualifications and undergo mandatory IRDAI-prescribed training and examination.

Is a net worth certificate required?

Yes, a certificate from a Chartered Accountant confirming the net worth of Rs. 25 Lakhs is mandatory.

Can an existing company apply?

Yes, but its MOA must state web aggregation of insurance products as its main object, and it cannot engage in other unrelated businesses.

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