List of Web Aggregators in India

November 11, 2023
Registrationwala

List of Web Aggregators in India

November 11, 2023

Registrationwala

In a gazetter of IRDAI Regulations, 2017 notified by the Authority with effect from 13th April 2017 is the regulations to supervise and monitor Web Aggregators. Major changes were seen and the change is that all kinds of insurance products can be sold on the website. The Web Aggregator platforms will help the prospects in comparing the different plans and buying them.

Mainly, people use them to make the purchasing experience easier and hassle-free. You can contact the insurance aggregators in India and their experts will help you throughout the insurance process. In this article, we shared a list of Web Aggregators in India.

Who are Insurance Web Aggregators?

According to the Insurance Regulatory Authority of India (IRDAI), an Insurance Web Aggregator is an intermediary between the insurance companies and customers. They maintain a website to provide an interface to the insurance prospects for price comparison and information on products of different insurers and other related matters.

The website must display updated information on insurance products so that prospects will choose the right policy as per their needs. The IRDAI Regulations, 2017 supervise and monitor the activities of Web Aggregators.

IRDAI Registered List of Web Aggregators in India

All the Web Aggregators who are registered with the IRDAI and have a license to operate a business, are mentioned in the database of IRDA. This complete information on the registered web aggregators is available on the List of IRDAI (Insurance Regulatory Authority of India’s) official website.

Best Insurance Web Aggregators in India

Famous insurance web aggregators in India are as follows:

1. PolicyBazaar

The PolicyBazaar is a one-stop for all your insurance needs. You can find different insurance products such as life insurance, general insurance, health insurance, and home insurance. The company has around 11 million consumers from all over India. You can compare the plans of different companies and choose which option suits you best. To make the process of purchasing insurance products easier, the company has experts who call you when you raise a query.

2. Ditto

In the insurance industry, Ditto is a new platform for getting an insurance policy. But the company's growth is commendable, in the list of LinkedIn's top startups, Ditto Insurance made its place. From the website, you can purchase different health insurance and life insurance different products. Also, you can book a free call to ask your doubts about the policies which suit you best.

3. InsuranceDekho

InsuranceDekho was initiated in 2016 and it has a range of insurance products. The products available are term, health, car, bike, business, travel, family, and even pet insurance. You can check the time of your policy renewal, track your policy and download it. Around 50 Lacs+ customers are with InsuranceDekho.

4. Coverfox

On the Coverfox website, you get different policies which can be customised for you. The insurance products available on the website are health, car, bike, term life, taxi and travel. The company is licensed by IRDAI and has an easy process to get insured. Features made available to a website are unbiased advice, exceptional experience, complete online process, getting quotes from top insurers, and comparing plans.

5. GIBL

The GIBL had 25 lakh+ registered customers from across the country for over 8 years. The company is licensed by the Insurance Regulatory and Development Authority of India (IRDAI). They have tie-ups with 56 Insurance companies in health insurance, life insurance, car insurance, travel insurance, two-wheeler insurance and others.

They developed an easy web & mobile app-based marketplace that makes insurance policy discovery, comparison and procurement effortless. Also, provide customers with personalised services such as one-click renewal, policy vault, claim tracking, interactive Q & A, renewal reminders, etc.

6. Niva Bupa

With over 70 lakh customers, Niva Bupa provides a wide range of insurance plans that suit the customer's needs. They have digital solutions that will cater for your medical needs, all the claims will processed directly, and no third party will be involved. Their insurance plans ensure that your life’s plan will not disrupted by a medical emergency. They have both individual and family plans with multiple benefits. Along with health insurance, they have travel and corporate insurance.

7. Star Health & Allied Insurance

Star Health has a 14,000+ network of hospitals across India and it provides insurance for health, accident, travel and corporate. They have plans for individuals and families. Along with this, they provide in-house claims, 24*7 customer support, and cashless claims, and till now they settled 97 lakh+ claims. Star Health Insurance Company has more than 1100+ network hospitals, where the members can avail the option of cashless treatment. Also, the insurer has a presence around the world with a widespread network of more than 340 branches.

8. Care Health Insurance

The Care Health Care Insurance Plan is also known as the Religare Care Health Insurance Plan. The platform provides medical insurance and other financial protection to people and their families in case of a medical emergency. There is a 5% exclusive discount for customers who purchase a policy online. Some aspects of the company are:

92% Claim settlement ratio.
Cashless treatment in more than 16500 network hospitals.
Annual medical check-up facility for all the insured members.
In-house claim settlement team with cashless claim approval in 2 hours.
Automatic recharge of the sum insured.
Covered 12 critical illnesses.

9. Aditya Birla Health Insurance

The Aditya Birla Health Insurance Company was started as a partnership between India’s Aditya Birla Group and South Africa-based MMI Holdings in 2015. The company offers different healthcare insurance products with a focus on chronic care and incentivized wellness.

Also, they have customised health care plans for parents and some diseases such as COVID-19, cancer, critical illnesses, etc. The company has a claim settlement ratio of 69.56% for the year 2021-22. They have a team of managers who help the policyholders during the claim process.

Conclusion

To conclude, the information collected and compiled by the Insurance Web Aggregators in India is displayed on their website to show people the real stats about the insurance products. In the market, multiple companies show their insurer's data in an updated manner. Along with this, the Web Aggregators must follow the compliances set by the IRDAI. If you are looking to obtain a license as an Insurance Web Aggregator, then reach out to Registrationwala.