Insurance Web Aggregator Licence
A website or app that lists insurance products, compares their prices and lets visitors buy online needs an IRDAI insurance web aggregator licence, formally a certificate of registration. The category survives the 2026 reforms: IRDAI’s July 2026 amendment kept it and moved it to continuous registration with an annual fee.
What it is
An insurance web aggregator is a company or LLP that runs a website or app where people can see insurance products from several insurers side by side, compare them on price and features, and buy. It earns from insurers for the business it brings, within the limits IRDAI sets.
The rules sit in the IRDAI (Insurance Web Aggregators) Regulations, 2017, framed under the Insurance Act, 1938. On 30 July 2026, IRDAI notified the IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2026, which amend the web aggregator regulations along with those for brokers, corporate agents and insurance marketing firms. Web aggregators remain a separate IRDAI category. What changed is that registration is now continuous instead of lapsing after three years.
Who it applies to
Building a comparison site from scratch?
A new venture whose core product is an insurance comparison site or app, earning from policies sold through it. Think of two Faridabad engineers building a motor-insurance comparison app before they write the first line of pricing code.
Already running a fintech or marketplace app?
An existing app with a large user base that wants to show insurance quotes from several insurers to its users.
Taking an offline distribution business online?
Distribution businesses that want to sell insurance digitally across insurers, without a tie-up limited to one or two companies.
Why it matters
Get paid by insurers, lawfully
Section 40 of the Insurance Act lets insurers pay commission or remuneration only to licensed agents and registered intermediaries. An unregistered comparison site cannot be paid for policies it sells.
Show several insurers on one screen
Registration lets you list and compare products from multiple insurers on one screen, which is the whole point of an aggregator.
Win the buyer’s trust
Buyers can check on IRDAI’s list whether a platform is registered before sharing personal and health details. Your registration number answers that.
Web aggregator vs insurance broker
| Insurance web aggregator | Direct insurance broker | |
|---|---|---|
| Main role | Display, compare and sell products online | Advise the client and place the risk |
| Eligible entities | Company or LLP | Company, LLP, co-operative society, others recognised |
| Minimum capital | ₹25 lakh | ₹75 lakh |
| Net worth | At least 100% of minimum capital | At least ₹50 lakh |
| Ratings and reviews | Not allowed on the platform | Advises on the best fit for the client |
| Registration | Continuous, with annual fee (from 2026) | Continuous, with annual fee (from 2026) |
In practice, the choice follows your business model. A team that wants to advise factories in Faridabad’s industrial sectors on fire and group health covers needs a broker licence. A self-serve comparison app needs a third of the capital and fits the web aggregator route.
Documents required
About the entity
- Certificate of incorporation and MoA/AoA, or LLP agreement
- Proof of paid-up capital of at least ₹25 lakh
- CA certificate of net worth
- Shareholding pattern and details of directors or partners
About the people
- Principal Officer’s qualifications, training and exam certificate
- Fit-and-proper declaration for the Principal Officer and directors
- Details of authorised verifiers who will handle solicitation
About the platform
- Website or app domain and ownership details
- Description of how products will be displayed and compared
- IT security and data protection arrangements
- Business plan
How it works
Set up the company or LLP
We incorporate a private limited company or LLP with web aggregation of insurance as its object, and bring in at least ₹25 lakh of paid-up capital.
Appoint and train the Principal Officer
The Principal Officer completes the IRDAI-specified training and exam. Staff who will solicit business become authorised verifiers after their own exams.
Prepare the application
We compile the entity, people and platform documents, get the net worth certificate and fill in the application forms under the 2017 Regulations.
File with IRDAI and answer queries
We file Form A with the ₹10,000 application fee and the Form B documents, then answer IRDAI’s queries until the certificate is issued. Here is the catch: most delays come from gaps in the platform description, so we get that right first.
Go live within the rules
Once registered, you sign agreements with insurers, display your registration on the site and follow the display rules. We set up the annual compliance calendar.
Timelines
Check net worth every six months
Net worth must be at least 100% of the minimum capital, and it is reviewed as on 30 September and 31 March each year.
Pay the annual fee every year
The annual fee is the higher of ₹10,000 or 0.04% of commission and other receipts from insurers in the previous financial year.
Existing aggregators: re-register by 31 January 2027
Holders of three-year certificates must apply for the new certificate by 31 January 2027, or by 31 March 2027 with an additional ₹750.
What happens if you run without registration
Lose all remuneration from insurers
Under Section 40, insurers cannot pay commission to an unregistered entity. Your platform earns nothing from policies sold.
Face IRDAI action
IRDAI can suspend or cancel a registration and impose penalties under the Insurance Act, 1938 when the regulations are breached, for example by publishing ratings and reviews of products.
Stop business after the transition date
An existing web aggregator that misses the 31 March 2027 cut-off must stop business and apply afresh.
Frequently asked questions
Is insurance web aggregator still a category after IRDAI’s recent regulations?
Yes. The IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2026, notified on 30 July 2026, expressly amend the IRDAI (Insurance Web Aggregators) Regulations, 2017. Web aggregators remain a separate intermediary category alongside brokers, corporate agents and insurance marketing firms. The main change is continuous registration with an annual fee. We keep track of IRDAI updates so your application follows the current rules.
Who can apply for web aggregator registration?
A company under the Companies Act, 2013 or an LLP can apply; capital contributed to an LLP must be in cash. A proprietorship or partnership firm cannot hold the registration and has to convert first. We usually suggest a private limited company because it is easier to raise funds and bring in investors as the platform grows.
What is the minimum capital?
The minimum paid-up capital is ₹25 lakh. Net worth must be at least 100% of that minimum capital, and it is reviewed every six months, as on 30 September and 31 March. If early losses pull net worth below the line, you need fresh capital. We monitor this with your half-yearly accounts so you see a shortfall coming.
Can a web aggregator publish ratings or reviews of policies?
No. The 2017 Regulations bar web aggregators from giving ratings and reviews of insurance products, and advertising of products on the site is restricted. Comparison has to stay factual, on terms such as premium and features shown as the insurers file them. We review your display logic and page copy before launch, so the site goes live within the rules.
How long is the registration valid?
Under the July 2026 amendment, registration no longer expires after three years. It stays in force as long as you pay the annual fee and comply with the regulations. Existing aggregators must switch to the new certificate by 31 January 2027, or 31 March 2027 with ₹750 extra. We can manage that switch for you.
What fee does IRDAI charge?
The application fee is ₹10,000 under the 2017 Regulations. After registration, the annual fee is the higher of ₹10,000 or 0.04% of commission and other receipts from insurers in the previous financial year. A new aggregator with modest receipts pays the ₹10,000 minimum. We include the exact working in the quote we give you.
Who is an authorised verifier?
An authorised verifier is the web aggregator’s employee who handles solicitation and servicing of insurance leads, after the training and certification IRDAI specifies. Under the 2026 amendment, Principal Officers and authorised verifiers must undergo prescribed training at least once every three years. We help you plan who needs certification before the platform starts selling.
What changes on 1 January 2027?
From 1 January 2027, web aggregators must keep records that identify the individual who solicited or serviced each policy, and this has to show in proposal forms and policy documents. Records must also be open to remote access by IRDAI. If your platform’s lead flow does not capture this today, it needs a fix before that date. We map the gap with your tech team.
What it costs
Our fee plus the government fee that applies to your case, quoted before you commit. Tell us the situation and we will price it exactly.
Government fees: an application fee of ₹10,000 under the 2017 Regulations, and after registration an annual fee of the higher of ₹10,000 or 0.04% of commission and other receipts from insurers. The ₹25 lakh capital stays in your business.
Ready to begin?
Share your platform idea and funding plan, and we will set up the entity and take your web aggregator application to IRDAI.