WEB AGGREGATOR

INTRODUCTION
The concept of web aggregator is used for online enquiry/shopping,
wherein end consumers could get information and quotes on diverse financial
products across service providers at one point. Web aggregators are
essentially insurance portals that help you compare products, and enable
purchase by directing you to the insurer or the insurer to you. Web Aggregator
is a company registered under the Companies Act and approved by IRDAI
which maintains or owns a website and provides information on insurance
products of different insurers. At present, there are eighteen such aggregator.
ROLE OF WEB AGGREGATOR
The primary role is to enable comparison across insurance products.
Aggregators have agreements with insurers and insurers have to provide all
the relevant information. The Web aggregators in turn, display this
information in a set format on its website. Web aggregators, however, are not
allowed to display ratings, rankings, endorsements or best-sellers of insurance
products. They can’t display any product other than insurance products, nor
can they carry advertisements.
LEAD LIMITS