{"id":13013,"date":"2021-06-22T23:09:50","date_gmt":"2021-06-22T17:39:50","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=13013"},"modified":"2023-10-13T14:18:40","modified_gmt":"2023-10-13T08:48:40","slug":"insurance-web-aggregator","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/","title":{"rendered":"All about Insurance Web Aggregator"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d2ee97d59e2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d2ee97d59e2\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#BRIEF_INTRODUCTION\" title=\"BRIEF INTRODUCTION\">BRIEF INTRODUCTION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#REASON_TO_INTRODUCE_INSURANCE_WEB_AGGREGATORS\" title=\"REASON TO INTRODUCE INSURANCE WEB AGGREGATORS\">REASON TO INTRODUCE INSURANCE WEB AGGREGATORS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#FUNCTION_INSURANCE_WEB_AGGREGATOR\" title=\"FUNCTION INSURANCE WEB AGGREGATOR\">FUNCTION INSURANCE WEB AGGREGATOR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#REGULATORY_OF_INSURANCE_WEB_AGGREGATOR_LICENCE\" title=\"REGULATORY OF INSURANCE WEB AGGREGATOR LICENCE \">REGULATORY OF INSURANCE WEB AGGREGATOR LICENCE <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#BENEFIT_OF_INSURANCE_WEB_AGGREGATOR\" title=\"BENEFIT OF INSURANCE WEB AGGREGATOR\u00a0\">BENEFIT OF INSURANCE WEB AGGREGATOR\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#ELIGIBILITY_CRITERIA_FOR_OBTAINING_LICENSE_INSURANCE_WEB_AGGREGATOR\" title=\"ELIGIBILITY CRITERIA FOR OBTAINING LICENSE INSURANCE WEB AGGREGATOR\u00a0\">ELIGIBILITY CRITERIA FOR OBTAINING LICENSE INSURANCE WEB AGGREGATOR\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#CAPITAL_REQUIREMENTS_FOR_INSURANCE_WEB_AGGREGATOR\" title=\"CAPITAL REQUIREMENTS FOR INSURANCE WEB AGGREGATOR\">CAPITAL REQUIREMENTS FOR INSURANCE WEB AGGREGATOR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#NET_WORTH_REQUIREMENTS_INSURANCE_WEB_AGGREGATOR\" title=\"NET WORTH REQUIREMENTS INSURANCE WEB AGGREGATOR\">NET WORTH REQUIREMENTS INSURANCE WEB AGGREGATOR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#PROCEDURE_FOR_OBTAINING_LICENSE_OF_INSURANCE_WEB_AGGREGATOR\" title=\"PROCEDURE FOR OBTAINING LICENSE OF INSURANCE WEB AGGREGATOR\">PROCEDURE FOR OBTAINING LICENSE OF INSURANCE WEB AGGREGATOR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#DOCUMENTS_REQUIRED_OF_INSURANCE_WEB_AGGREGATOR\" title=\"DOCUMENTS REQUIRED OF INSURANCE WEB AGGREGATOR\">DOCUMENTS REQUIRED OF INSURANCE WEB AGGREGATOR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#VALIDITY_OF_LICENSE_OF_INSURANCE_WEB_AGGREGATOR\" title=\"VALIDITY OF LICENSE OF INSURANCE WEB AGGREGATOR\">VALIDITY OF LICENSE OF INSURANCE WEB AGGREGATOR<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#APPLICATION_FOR_GRANT_OF_CERTIFICATE_OF_REGISTRATION\" title=\"APPLICATION FOR GRANT OF CERTIFICATE OF REGISTRATION \">APPLICATION FOR GRANT OF CERTIFICATE OF REGISTRATION <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#BUSINESS_INFORMATION\" title=\"BUSINESS INFORMATION\">BUSINESS INFORMATION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#FINANCIAL_INFORMATION\" title=\"FINANCIAL INFORMATION\">FINANCIAL INFORMATION<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#APPLICATION_FOR_PERMISSION_FOR_TELEMARKETINGOUTSOURCING_WORK\" title=\"APPLICATION FOR PERMISSION FOR TELEMARKETING\/OUTSOURCING WORK\">APPLICATION FOR PERMISSION FOR TELEMARKETING\/OUTSOURCING WORK<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#FORMS_TO_BE_ATTACHED_WITH_THE_APPLYING_FORM_A\" title=\"FORMS TO BE ATTACHED WITH\u00a0THE APPLYING\u00a0FORM A\">FORMS TO BE ATTACHED WITH\u00a0THE APPLYING\u00a0FORM A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#ELIGIBLE_EDUCATIONAL_QUALIFICATIONS_FOR_PRINCIPAL_OFFICER\" title=\"ELIGIBLE EDUCATIONAL QUALIFICATIONS FOR PRINCIPAL OFFICER \">ELIGIBLE EDUCATIONAL QUALIFICATIONS FOR PRINCIPAL OFFICER <\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#FORMS_TO_BE_ATTACHED_WITH_THE_RENEWAL_FORM_F\" title=\"FORMS TO BE ATTACHED WITH THE RENEWAL\u00a0FORM\u00a0F\">FORMS TO BE ATTACHED WITH THE RENEWAL\u00a0FORM\u00a0F<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/carajput.com\/blog\/insurance-web-aggregator\/#RENEWAL_CERTIFICATE_OF_REGISTRATION\" title=\"RENEWAL CERTIFICATE OF REGISTRATION\">RENEWAL CERTIFICATE OF REGISTRATION<\/a><\/li><\/ul><\/nav><\/div>\n<h2><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-13016\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR.png\" alt=\"\" width=\"984\" height=\"370\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR.png 638w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-300x113.png 300w\" sizes=\"(max-width: 984px) 100vw, 984px\" \/><\/a><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"BRIEF_INTRODUCTION\"><\/span><span style=\"color: #ff9900;\"><strong>BRIEF INTRODUCTION<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A web aggregator is an insurance intermediary or an\u00a0insurance firm\u00a0that has\u00a0information on insurance provided by different companies.\u00a0the net\u00a0aggregator has been\u00a0an organization\u00a0registered with\u00a0the businesses\u00a0Act 2013 or the previous company law 1956\u00a0and also the\u00a0IRDAI.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"REASON_TO_INTRODUCE_INSURANCE_WEB_AGGREGATORS\"><\/span><span style=\"color: #000080;\"><strong>REASON TO INTRODUCE INSURANCE WEB AGGREGATORS<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>The main reason behind the introduction of Insurance Web Aggregators in India was to teach people and make them privy to the assorted insurance products. Earlier, people were accustomed to consulting insurance agents before buying any insurance policies, against which agents accustomed charge a High Commission.<\/li>\n<li>Therefore, the IRDAI came up with the concept of introducing a transparent, digital, and highly regulated platform to minimize the malpractices of charging unnecessary commissions by insurance agents.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"FUNCTION_INSURANCE_WEB_AGGREGATOR\"><\/span><span style=\"color: #000080;\"><strong>FUNCTION INSURANCE WEB AGGREGATOR<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>An insurance web aggregator collects, assembles, and maintains the data of various insurance products offered by various insurance companies.<\/li>\n<li><span style=\"font-family: arial,sans-serif;\">A web aggregator\u00a0sometimes referred\u00a0to as an\u00a0insurance agency cluster group\u00a0is an insurance intermediary or insurance firm that has information on insurance provided by different firms.<\/span><\/li>\n<li>All the data collected by the net aggregator is created available on its online portal for straightforward accessibility by the consumers seeking insurance services. Thus, by this, the consumers would be able to seek quotations from different insurers by just logging into one platform.<\/li>\n<li>The primary function of Insurance Web aggregators:<\/li>\n<\/ul>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li>Present the names, cost, and descriptions of the insurance products<\/li>\n<li>Compare between different insurance products<\/li>\n<li>Helping customers choose the policies best suited to their needs.<\/li>\n<li>Assisting within the process of the sale of insurance policies<\/li>\n<li>Saving customers time by providing the most information on one platform.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"REGULATORY_OF_INSURANCE_WEB_AGGREGATOR_LICENCE\"><\/span><span style=\"color: #000080;\"><strong>REGULATORY OF INSURANCE WEB AGGREGATOR LICENCE <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>The functions of the online Aggregator are administered by the regulations enforced by the IRDAI (Insurance Regulatory and Development Authority of India). The concept of Insurance Web Aggregator is additionally governed by the provisions of the Insurance Act 1938,<\/li>\n<li>The Insurance Regulatory and Authority of India (Insurance Web Aggregator) Rule, 2017; and therefore, the Companies Act 1956\/2013.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"BENEFIT_OF_INSURANCE_WEB_AGGREGATOR\"><\/span><span style=\"color: #000080;\"><strong>BENEFIT OF INSURANCE WEB AGGREGATOR<\/strong><strong>\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-ADVANTAGE.png\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-13017\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-ADVANTAGE.png\" alt=\"INSURANCE WEB AGGREGATOR ADVANTAGE\" width=\"996\" height=\"801\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-ADVANTAGE.png 579w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-ADVANTAGE-300x241.png 300w\" sizes=\"(max-width: 996px) 100vw, 996px\" \/><\/a><\/p>\n<ol>\n<li>Easy comparison\u00a0of the many\u00a0policies sitting from one end.<\/li>\n<li>Contacts with every service provider with no personal meet.<\/li>\n<li>Saves the hustle-bustle and time for traveling and other inconvenience of gathering information for insurance policies and products.<\/li>\n<li>Every insurance provider like bans, NBFC, etc. competes in a very fair market.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"ELIGIBILITY_CRITERIA_FOR_OBTAINING_LICENSE_INSURANCE_WEB_AGGREGATOR\"><\/span><span style=\"color: #000080;\"><strong>ELIGIBILITY CRITERIA FOR OBTAINING LICENSE <\/strong><\/span><span style=\"color: #000080;\"><strong>INSURANCE WEB AGGREGATOR<\/strong><strong>\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The applicant must be the following:<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>The company was formed under the businesses Act 2013; or<\/li>\n<li>A Limited Liability Partnership firm incorporated as per the provisions of the LLP Act 2008. The partners\u00a0mustn&#8217;t\u00a0be a Non-Resident Indian or\u00a0someone\u00a0who is resident outside India under the\u00a0exchange\u00a0Management Act 1999; or<\/li>\n<li>the other\u00a0individual who is recognized as\u00a0an online\u00a0aggregator.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"2\">\n<li>The MOA and AOA should be\u00a0the most\u00a0objects of\u00a0the online\u00a0aggregator business.<\/li>\n<li>The applicant must not be engaged in other business aside from the net aggregation business.<\/li>\n<li>The applicant must make sure that he&#8217;s not registered as a broker, corporate agent, micro-insurance agent, TPA, Surveyor and Loss Assessor, Insurance Marketing Firm, or other insurance intermediaries.<\/li>\n<li>The applicant must have a referral agreement with the insurer.<\/li>\n<li>The applicant or any of the entities of the applicant would be only granted one certificate for insurance intermediation. If any of the entities are engaged within the activities of insurance intermediation, then applying for an internet aggregator\u2019s license would be determined to support the merits of the appliance.<\/li>\n<li>The applicant has a website for insurance web aggregation.<\/li>\n<li>The Principal Officer appointed must possess the qualification\u00a0and skill\u00a0prescribed by the IRDAI;<\/li>\n<li>The principal officer has undergone\u00a0the required\u00a0training and passed the examination required by\u00a0the desired\u00a0authority.<\/li>\n<li>The key management executives (Director\/ Shareholders\/ Other Principal Officers) have undergone the FIT and PROPER Criteria test in FORM D- Schedule-I<\/li>\n<li>The authorized Verifier has skilled the prescribed training and passed the examination conducted by the desired authority.<\/li>\n<li>The insurance web aggregator has not violated any obligations which are\u00a0per\u00a0Form V and Form W.<\/li>\n<li>The authority has not withdrawn the certificate of registration of the Insurance Web Aggregator License.<\/li>\n<li>The applicant company must not have withdrawn the appliance for obtaining an insurance web aggregator license within the previous financial year;<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"CAPITAL_REQUIREMENTS_FOR_INSURANCE_WEB_AGGREGATOR\"><\/span><span style=\"color: #000080;\"><strong>CAPITAL REQUIREMENTS FOR INSURANCE WEB AGGREGATOR<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/total-capital-requirement.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13018\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/total-capital-requirement.png\" alt=\"total capital requirement\" width=\"576\" height=\"336\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/total-capital-requirement.png 576w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/total-capital-requirement-300x175.png 300w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/a><\/p>\n<ol>\n<li>The applicant\u00a0needs to\u00a0have a minimum paid-up capital of 25 Lakhs.<\/li>\n<li>Where the Insurance Web Aggregator\u00a0could be a\u00a0company\u00a0in keeping with\u00a0the businesses\u00a0Act 2013, the capital must be from the equity shares which are issued and subscribed.<\/li>\n<li>within the\u00a0case of an LLP, the partners&#8217; capital must only be\u00a0within the\u00a0type of\u00a0cash.<\/li>\n<li>The shares of\u00a0the net\u00a0aggregator held as capital must not be pledged in any manner to secure credit.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"NET_WORTH_REQUIREMENTS_INSURANCE_WEB_AGGREGATOR\"><\/span><span style=\"color: #000080;\"><strong>NET WORTH REQUIREMENTS INSURANCE WEB AGGREGATOR<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Net worth must not fall below 100% of the capital requirements.<\/li>\n<li>The insurance web aggregator must review the status of the online worth every half year as of 30 September and 31 March per annum and report non-compliance, if any. This must be done to the authority within 15 days and restore such requirements within 30 days afterward and ensure compliance to the authority.<\/li>\n<li>If the Insurance Aggregator cannot maintain\u00a0the web\u00a0worth after 30 days, then the business\u00a0associated with\u00a0the aggregator should be stopped.<\/li>\n<li>Net worth Certificate should be submitted once a year, which is certified by a comptroller.<\/li>\n<\/ol>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"PROCEDURE_FOR_OBTAINING_LICENSE_OF_INSURANCE_WEB_AGGREGATOR\"><\/span><span style=\"color: #000080;\"><strong>PROCEDURE FOR OBTAINING LICENSE OF INSURANCE WEB AGGREGATOR<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/PROCESS-OF-INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA..png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13020\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/PROCESS-OF-INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA..png\" alt=\"PROCESS OF INSURANCE WEB AGGREGATOR REGISTRATION IN INDIA.\" width=\"1012\" height=\"498\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/PROCESS-OF-INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA..png 1012w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/PROCESS-OF-INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA.-300x148.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/PROCESS-OF-INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA.-768x378.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/PROCESS-OF-INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA.-800x394.png 800w\" sizes=\"(max-width: 1012px) 100vw, 1012px\" \/><\/a><\/p>\n<ol start=\"6\">\n<li>An Applicant who wants to register as\u00a0an online\u00a0aggregator must make an application in Form- A (the application for grant of certificate of registration).<\/li>\n<li>together with\u00a0the appliance\u00a0a fee of Rs. 10,000\/- plus tax\u00a0must\u00a0be paid through electronic transfer or demand draft payable in favor of the Insurance Regulatory and Development Authority of India payable at Hyderabad.<\/li>\n<li>the appliance wouldn&#8217;t be processed without the payment of the fee.\\<\/li>\n<li>If the aggregator is additionally visiting to provide outsourcing and telemarketing services, the identical has got to be mentioned within the same form.<\/li>\n<li>The applicant\u00a0needs to\u00a0fulfill certain requirements.\u00a0the subsequent\u00a0are\u00a0the necessities\u00a0which require\u00a0to be fulfilled:\n<ul>\n<li>The applicant must have fulfilled the eligibility criteria prescribed under the Act.<\/li>\n<li>Whether any key managerial persons are\u00a0plagued by\u00a0any disqualifications under the Insurance Act 1938;<\/li>\n<li>Whether\u00a0anyone\u00a0who is connected directly or indirectly with the applicant has been refused\u00a0within the\u00a0past the grant of the license; and<\/li>\n<li>The applicant fulfills the requirement as to minimum capital and net worth.<\/li>\n<\/ul>\n<\/li>\n<li>The authority would house the application for registration as an internet aggregator\u2019s license.<\/li>\n<li>The authority can ask to furnish extra documentation for\u00a0the net\u00a0aggregator\u2019s license.<\/li>\n<li>If the authority feels that registration would be\u00a0within the\u00a0interest of the policyholders, then the authority would grant the certificate of registration in Form- E.\u00a0this might\u00a0be granted for the applicant to function as an insurance web aggregator.<\/li>\n<li>The certificate of registration would be issued when the applicant satisfies the code of conduct laid down by the authority.<\/li>\n<li>The authority has the ability to reject an application that doesn&#8217;t fit the conditions of the IRDAI. just in case of any omission or failure, the authority will grant a period of thirty days to the applicant company to rectify all the mistakes before it rejects them.<\/li>\n<li>a brand-new application for the certificate of registration will be made only after one year. this is able to be applicable just in case of the lapse of the certificate, or the authority has refused to grant the certificate.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"DOCUMENTS_REQUIRED_OF_INSURANCE_WEB_AGGREGATOR\"><\/span><span style=\"color: #000080;\"><strong style=\"text-align: center;\">DOCUMENTS REQUIRED OF INSURANCE WEB AGGREGATOR<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA..png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13019\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA..png\" alt=\"INSURANCE WEB AGGREGATOR REGISTRATION IN INDIA.\" width=\"1136\" height=\"551\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA..png 1136w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA.-300x146.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA.-1024x497.png 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA.-768x373.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/06\/INSURANCE-WEB-AGGREGATOR-REGISTRATION-IN-INDIA.-800x388.png 800w\" sizes=\"(max-width: 1136px) 100vw, 1136px\" \/><\/a><\/p>\n<ol>\n<li>Certificate of Registration of\u00a0the corporate\u00a0or LLP as issued by the ROC;<\/li>\n<li>MOA and AOA of\u00a0the corporate\u00a0or the LLP Agreement;<\/li>\n<li>Copy of PAN Card of the Company;<\/li>\n<li>Profile of the Directors\/Partners of\u00a0the corporate\u00a0or LLP;<\/li>\n<li>Profile of the Principal Officers\u00a0together with\u00a0the tutorial\u00a0qualification certificates;<\/li>\n<li>A brief preview of the contents of the website proposed for License;<\/li>\n<li>Details about the hosting place of the website;<\/li>\n<li>Details about the responsible persons for the website\u2019 content;<\/li>\n<li>Net worth certificate and shareholding pattern of\u00a0the corporate\u00a0as certified by the Chartered Accountant;<\/li>\n<li>Audited financials for the last three years\u00a0just in case} of an existing company or latest as on date in case of\u00a0a replacement\u00a0company;<\/li>\n<li>Details of the IT infrastructure available with the applicant;<\/li>\n<li>Organizational Chart with various designations with their roles and responsibilities; and<\/li>\n<li>A user I.D. along with a password, which will be provided with view permission and the same be used to verify the Aggregation Website(s)\/Portal\/LMS by IRDAI I.T. Department during a closed cover.<\/li>\n<li>A duly certified declaration made by two directors or designated partners stating the competency of the administrators, principal officer, shareholders, promoters, KMP (Key Managerial Personnel), or partners:<\/li>\n<\/ol>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>The directors, shareholders, KMP, and also the Principal Officer, are major,<\/li>\n<li>They\u00a0don&#8217;t seem to be\u00a0of unsound mind;<\/li>\n<li>They\u00a0haven&#8217;t\u00a0been held guilty in any case of Criminal Breach of Trust, Criminal Misappropriation, Cheating, Abetment to Commit or Forgery\u00a0within the\u00a0last five years;<\/li>\n<li>They haven&#8217;t been involved in any economic offenses within the last five years;<\/li>\n<li>The directors of\u00a0the corporate\u00a0don&#8217;t\u00a0hold any position or employment in an insurance company;<\/li>\n<li>The net worth of the corporate is a minimum of is over INR 25 lakhs.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ol start=\"15\">\n<li>Pictures of the proposed portal\u00a0together with\u00a0the proof that\u00a0the corporate\u00a0has obtained\u00a0name\u00a0registration;<\/li>\n<li>Address proof of the realm from where such a website would be hosted. Such a vicinity maybe company\u2019s registered office or the other office for operations;<\/li>\n<li>List of the individuals who will have the authority to manage and post details on the portal about the insurance products, comparisons, and guides;<\/li>\n<li>Business Plan of\u00a0the corporate\u00a0for\u00a0the following\u00a0three years;<\/li>\n<li>Human Resource Chart displaying the responsibilities and functions\u00a0of every\u00a0individual;<\/li>\n<li>Training and qualification certificates of the Principal Officer and authorized verifiers;<\/li>\n<\/ol>\n<p>The Principal Officer shall attest to the above documents.<\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"VALIDITY_OF_LICENSE_OF_INSURANCE_WEB_AGGREGATOR\"><\/span><span style=\"color: #000080;\"><strong>VALIDITY OF LICENSE OF INSURANCE WEB AGGREGATOR<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Certificate of Registration (Insurance Web Aggregator License) is valid for 3 years from the date of the problem. a minimum of thirty days before the expiry of the amount of three years, the online aggregator must get the license renewed by filing an application together with a fee of Rs. 25000\/-.<\/p>\n<h2 style=\"text-align: left;\"><span class=\"ez-toc-section\" id=\"APPLICATION_FOR_GRANT_OF_CERTIFICATE_OF_REGISTRATION\"><\/span><span style=\"color: #000080;\"><strong>APPLICATION FOR GRANT OF CERTIFICATE OF REGISTRATION <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.caindelhiindia.com\/blog\/all-about-right-issue-to-nris\/\">Instructions for filling up the form:<\/a><\/p>\n<ol>\n<li>It\u00a0is very important\u00a0that before this\u00a0form\u00a0is filled in, the Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017 are studied carefully.<\/li>\n<li>Applicants must submit a duly completed\u00a0form\u00a0along with\u00a0all appropriate, supporting documents to the Authority.<\/li>\n<li>Application for certificate of registration\u00a0is going to be\u00a0considered\u00a0providing\u00a0the applying\u00a0form is complete\u00a0altogether\u00a0respects.<\/li>\n<li>Applicants should sign the applications themselves.<\/li>\n<li>The information which must be supplied in additional details is also given on separate sheets which should be attached to the applying form.<\/li>\n<\/ol>\n<p><span style=\"color: #000080;\"><strong>PARTICULARS OF THE APPLICANT<\/strong><\/span><\/p>\n<ul>\n<li>Name of the Applicant: <u><\/u><\/li>\n<li>Address of the Principal Place of business or of the Registered<\/li>\n<\/ul>\n<table style=\"height: 162px;\" width=\"978\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td width=\"305\">Pin Code<\/td>\n<td width=\"305\">Email<\/td>\n<\/tr>\n<tr>\n<td width=\"305\">Tel No<\/td>\n<td width=\"305\">Fax No<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Address for Correspondence:<\/li>\n<\/ul>\n<table style=\"height: 147px;\" width=\"998\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td width=\"305\">Pin Code<\/td>\n<td width=\"305\">Email<\/td>\n<\/tr>\n<tr>\n<td width=\"305\">Tel No<\/td>\n<td width=\"305\">Fax No<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Name and Designation of the Principal Officer<\/li>\n<\/ul>\n<ol start=\"2\">\n<li><span style=\"color: #000080;\">ORGANISATION \u2013 STRUCTURE<\/span><\/li>\n<\/ol>\n<ul>\n<li>Status of the Applicant:<\/li>\n<\/ul>\n<table style=\"height: 138px;\" width=\"976\">\n<tbody>\n<tr>\n<td width=\"122\">Name of the company<\/td>\n<td width=\"121\">Status<\/td>\n<td width=\"123\">Date of Incorporation DD-MM-YYYY<\/td>\n<td width=\"123\">Place of Incorporation<\/td>\n<td width=\"122\">Name of stock exchanges was listed<\/td>\n<\/tr>\n<tr>\n<td width=\"122\"><\/td>\n<td width=\"121\"><\/td>\n<td width=\"123\"><\/td>\n<td width=\"123\"><\/td>\n<td width=\"122\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Scope of business as described in the Memorandum of Association<\/li>\n<li>List of major shareholders e., holding at least 5% of capital<\/li>\n<\/ul>\n<p>Shareholding as on:<\/p>\n<table style=\"height: 104px;\" width=\"973\">\n<tbody>\n<tr>\n<td width=\"172\">Name of shareholder<\/td>\n<td width=\"174\">No of Shares held<\/td>\n<td width=\"264\">% Of total paid-up capital of the company<\/td>\n<\/tr>\n<tr>\n<td width=\"172\"><\/td>\n<td width=\"174\"><\/td>\n<td width=\"264\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Particulars related to the Directors as well as the Designated Partners (in case LLP is formed)<\/li>\n<\/ul>\n<table style=\"height: 219px;\" width=\"965\">\n<tbody>\n<tr>\n<td width=\"72\">Name<\/td>\n<td width=\"94\">Designation\/ Position<\/td>\n<td width=\"99\">Qualification<\/td>\n<td width=\"112\">% Of Share in the applicant company<\/td>\n<td width=\"101\">Directorship in other Companies<\/td>\n<td width=\"65\">DIN No.<\/td>\n<td width=\"67\">PAN\/<\/p>\n<p>Aadhaar No.<\/td>\n<\/tr>\n<tr>\n<td width=\"72\"><\/td>\n<td width=\"94\"><\/td>\n<td width=\"99\"><\/td>\n<td width=\"112\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"65\"><\/td>\n<td width=\"67\"><\/td>\n<\/tr>\n<tr>\n<td width=\"72\"><\/td>\n<td width=\"94\"><\/td>\n<td width=\"99\"><\/td>\n<td width=\"112\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"65\"><\/td>\n<td width=\"67\"><\/td>\n<\/tr>\n<tr>\n<td width=\"72\"><\/td>\n<td width=\"94\"><\/td>\n<td width=\"99\"><\/td>\n<td width=\"112\"><\/td>\n<td width=\"101\"><\/td>\n<td width=\"65\"><\/td>\n<td width=\"67\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Name and activities of associate companies\/concerns<\/li>\n<\/ul>\n<table style=\"height: 141px;\" width=\"985\">\n<tbody>\n<tr>\n<td width=\"111\">Name of the Entity<\/td>\n<td width=\"96\">Complete Address<\/td>\n<td width=\"113\">Activities Undertaken<\/td>\n<td width=\"147\">Nature of Interest of Promoter \/ Director<\/td>\n<td width=\"143\">Nature and Interest of entity<\/td>\n<\/tr>\n<tr>\n<td width=\"111\"><\/td>\n<td width=\"96\"><\/td>\n<td width=\"113\"><\/td>\n<td width=\"147\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"111\"><\/td>\n<td width=\"96\"><\/td>\n<td width=\"113\"><\/td>\n<td width=\"147\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"111\"><\/td>\n<td width=\"96\"><\/td>\n<td width=\"113\"><\/td>\n<td width=\"147\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Whether\u00a0anyone\u00a0or more persons of the associate companies\/ concern\u00a0have an interest\u00a0within the\u00a0applicant\u2019s business?<\/p>\n<ul>\n<li>Name and Address of the applicant\u2019s designated bankers<\/li>\n<li>Name and address of the statutory auditors<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"BUSINESS_INFORMATION\"><\/span><span style=\"color: #000080;\">BUSINESS INFORMATION<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>3.1 Three years business plan document with a projected volume of activities and income (including anticipated) that Certificate of registration sought is to be specifically mentioned and attached to the present application.<\/p>\n<p>3.2 Organization Chart showing all the functional responsibilities separately<\/p>\n<p>3.3 Particulars of Key\u00a0personnel<\/p>\n<table style=\"height: 250px;\" width=\"986\">\n<tbody>\n<tr>\n<td width=\"61\">Name<\/td>\n<td width=\"98\">Designation\/ Position<\/td>\n<td width=\"99\">Qualification<\/td>\n<td width=\"112\">Insurance-related experience<\/td>\n<td width=\"106\">Date of Appointment<\/td>\n<td width=\"84\">Functional Areas<\/td>\n<td width=\"85\">PAN\/<\/p>\n<p>Aadhaar No.<\/td>\n<\/tr>\n<tr>\n<td width=\"61\"><\/td>\n<td width=\"98\"><\/td>\n<td width=\"99\"><\/td>\n<td width=\"112\"><\/td>\n<td width=\"106\"><\/td>\n<td width=\"84\"><\/td>\n<td width=\"85\"><\/td>\n<\/tr>\n<tr>\n<td width=\"61\"><\/td>\n<td width=\"98\"><\/td>\n<td width=\"99\"><\/td>\n<td width=\"112\"><\/td>\n<td width=\"106\"><\/td>\n<td width=\"84\"><\/td>\n<td width=\"85\"><\/td>\n<\/tr>\n<tr>\n<td width=\"61\"><\/td>\n<td width=\"98\"><\/td>\n<td width=\"99\"><\/td>\n<td width=\"112\"><\/td>\n<td width=\"106\"><\/td>\n<td width=\"84\"><\/td>\n<td width=\"85\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>3.4 Particulars of Websites proposed\/used for the Insurance Web Aggregation business: (Proof of Registration of Domain Name to be attached)<\/p>\n<table style=\"height: 184px;\" width=\"958\">\n<tbody>\n<tr>\n<td width=\"51\">S No.<\/p>\n<p>&nbsp;<\/td>\n<td width=\"124\">Website (Domain name) Address<\/td>\n<td width=\"142\">Primary \/Secondary \/ Category Specific<\/td>\n<td width=\"133\">Place of Hosting of Webserver<\/td>\n<td width=\"187\">Name &amp; address of the vendor hosting the website<\/td>\n<\/tr>\n<tr>\n<td width=\"51\"><\/td>\n<td width=\"124\"><\/td>\n<td width=\"142\"><\/td>\n<td width=\"133\"><\/td>\n<td width=\"187\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\"><\/td>\n<td width=\"124\"><\/td>\n<td width=\"142\"><\/td>\n<td width=\"133\"><\/td>\n<td width=\"187\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\"><\/td>\n<td width=\"124\"><\/td>\n<td width=\"142\"><\/td>\n<td width=\"133\"><\/td>\n<td width=\"187\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol start=\"4\">\n<li>\n<h2><span class=\"ez-toc-section\" id=\"FINANCIAL_INFORMATION\"><\/span><span style=\"color: #000080;\"><strong>FINANCIAL INFORMATION<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/li>\n<\/ol>\n<p>4.<span style=\"color: #000080;\">1 Capital Structure<\/span><\/p>\n<table style=\"height: 300px;\" width=\"966\">\n<tbody>\n<tr>\n<td rowspan=\"3\" width=\"51\">S No.<\/td>\n<td rowspan=\"3\" width=\"190\">Type of Capital<\/td>\n<td width=\"121\">Current Year<\/td>\n<td width=\"105\">Previous Year<\/td>\n<td width=\"143\">Year Preceding to Previous year<\/td>\n<\/tr>\n<tr>\n<td width=\"121\">Mention Year<\/td>\n<td width=\"105\">Mention Year<\/td>\n<td width=\"143\">Mention Year<\/td>\n<\/tr>\n<tr>\n<td width=\"121\">Rs (in Lakhs)<\/td>\n<td width=\"105\">Rs (in Lakhs)<\/td>\n<td width=\"143\">Rs (in Lakhs)<\/td>\n<\/tr>\n<tr>\n<td width=\"51\">1<\/td>\n<td width=\"190\">Authorized Capital (A)<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\">2<\/td>\n<td width=\"190\">Issued Capital (B)<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\">3<\/td>\n<td width=\"190\">Paid Up Capital (C)<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\">4<\/td>\n<td width=\"190\">Free Reserves (Excluding Revaluation Reserves) (D)<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\">5<\/td>\n<td width=\"190\">Total (C+D)<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\">6<\/td>\n<td width=\"190\">Net-worth<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table style=\"height: 297px;\" width=\"959\">\n<tbody>\n<tr>\n<td rowspan=\"3\" width=\"51\">S No.<\/td>\n<td rowspan=\"3\" width=\"190\">Particulars of Assets<\/td>\n<td width=\"121\">Current Year<\/td>\n<td width=\"105\">Previous Year<\/td>\n<td width=\"143\">Year Preceding to Previous year<\/td>\n<\/tr>\n<tr>\n<td width=\"121\">Mention Year<\/td>\n<td width=\"105\">Mention Year<\/td>\n<td width=\"143\">Mention Year<\/td>\n<\/tr>\n<tr>\n<td width=\"121\">Rs in Lakhs<\/td>\n<td width=\"105\">Rs in Lakhs<\/td>\n<td width=\"143\">Rs in Lakhs<\/td>\n<\/tr>\n<tr>\n<td width=\"51\">1<\/td>\n<td width=\"190\">Fixed Assets<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\">2<\/td>\n<td width=\"190\">Plant &amp; Machinery<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\">3<\/td>\n<td width=\"190\">Office Equipment<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\">4<\/td>\n<td width=\"190\">Quoted Investments<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\">5<\/td>\n<td width=\"190\">Unquoted Investments<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\">6<\/td>\n<td width=\"190\">Details of Liquid Assets<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<tr>\n<td width=\"51\">7<\/td>\n<td width=\"190\">Others<\/td>\n<td width=\"121\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"143\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol start=\"5\">\n<li><span style=\"color: #000080;\"><strong>OTHER INFORMATION<\/strong><\/span><\/li>\n<\/ol>\n<p>5.1 Details of all settled and pending disputes<\/p>\n<p>&nbsp;<\/p>\n<table style=\"height: 80px;\" width=\"973\">\n<tbody>\n<tr>\n<td width=\"204\">Nature of Dispute<\/td>\n<td width=\"203\">Name of party<\/td>\n<td width=\"204\">Pending\/ settled<\/td>\n<\/tr>\n<tr>\n<td width=\"204\"><\/td>\n<td width=\"203\"><\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>5.2 Details related to any economic offenses for which the applicant or any of the Directors, Chief Executive or Managing Director or Principal Officer or key managerial personnel, was charged during the last three years.<\/p>\n<p>For and on behalf of\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 For and on behalf of<\/p>\n<p><u>\u00a0<\/u><u>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 _<\/u><\/p>\n<p>(Signature and Name of Applicant)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (Signature &amp; Name of Applicant)<\/p>\n<p>Designation\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Designation<\/p>\n<p>{Block Letters}\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 {Block Letters}<\/p>\n<p>Place<\/p>\n<p>Date:<\/p>\n<h2><span class=\"ez-toc-section\" id=\"APPLICATION_FOR_PERMISSION_FOR_TELEMARKETINGOUTSOURCING_WORK\"><\/span><span style=\"color: #000080;\"><strong>APPLICATION FOR PERMISSION FOR TELEMARKETING\/OUTSOURCING WORK<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Name of the Applicant: <u><\/u><\/li>\n<li>Certificate of Registration : <u><\/u><\/li>\n<li>Validity Period: From <u><\/u><\/li>\n<li>TRAI Registration: _<\/li>\n<li>Validity Period: From <u><\/u><\/li>\n<li>List of Authorized Verifiers:<\/li>\n<\/ul>\n<table style=\"height: 149px;\" width=\"962\">\n<tbody>\n<tr>\n<td width=\"73\">Name<\/td>\n<td width=\"95\">Qualification<\/td>\n<td width=\"120\">Sponsoring Entity<\/td>\n<td width=\"105\">Certificate No.<\/td>\n<td width=\"90\">Valid Till<\/td>\n<td width=\"128\">PAN\/ Aadhaar No.<\/td>\n<\/tr>\n<tr>\n<td width=\"73\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"120\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"90\"><\/td>\n<td width=\"128\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"120\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"90\"><\/td>\n<td width=\"128\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\"><\/td>\n<td width=\"95\"><\/td>\n<td width=\"120\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"90\"><\/td>\n<td width=\"128\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Attach additional chart if required 1.7Any other information.<\/p>\n<p><strong>DECLARATION<\/strong><\/p>\n<p>THIS DECLARATION IS TO BE SIGNED BY TWO OF the administrators \/ DESIGNATED PARTNERS<\/p>\n<p>I\/We hereby apply for a certificate of registration to undertake Tele-Marketing \/ Outsourcing work referring to insurance.<\/p>\n<p>I\/We have\u00a0tried and true\u00a0the Insurance Regulatory and Development Authority of India (Insurance Web Aggregators)<\/p>\n<p>Regulations, 2017 and am\/are satisfied that I\/ We am\/ are eligible\u00a0to use\u00a0for the Insurance Web Aggregators certificate of registration.<\/p>\n<p>I\/We state that I\/We have truthfully and fully answered the questions above and provided all\u00a0the knowledge\u00a0which could\u00a0reasonably be considered relevant for\u00a0the needs\u00a0of my\/our Certificate of registration.<\/p>\n<p>I\/We declare that\u00a0the data\u00a0supplied\u00a0within the\u00a0form\u00a0is complete\u00a0and proper.<\/p>\n<p>I\/We undertake that I\/We shall not allow or offer\u00a0to permit, either directly or indirectly, as an inducement to\u00a0somebody, any rebate of\u00a0the entire\u00a0or\u00a0a part of\u00a0our remuneration during the period of registration.<\/p>\n<p>&nbsp;<\/p>\n<p>For and on behalf of\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 For and on behalf of<\/p>\n<p><u>\u00a0<\/u>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 _<\/p>\n<p>(Signature and Name of Applicant)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (Signature &amp; Name of Applicant)<\/p>\n<p>Designation\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Designation<\/p>\n<p>{Block Letters}\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 {Block Letters}<\/p>\n<p>Place: Date:<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FORMS_TO_BE_ATTACHED_WITH_THE_APPLYING_FORM_A\"><\/span><span style=\"color: #000080;\"><strong>FORMS TO BE ATTACHED WITH\u00a0THE APPLYING\u00a0FORM A<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Copy of the Registration Certificate, issued in the name of the entity, by the Registrar of Companies.<\/li>\n<li>Copies of MOA and AOA, in case of a company, and LLP Agreement, in case of LLP, duly certified by Chartered Accountant.<\/li>\n<li>Copy of PAN Card of\u00a0the corporate.<\/li>\n<li>V.s of Directors\/Designated Partners, in case of LLP, along with the copies of their Qualification Certificates.<\/li>\n<li>V. of Principal Officer with copies of Qualification Certificates.<\/li>\n<li>Self-Certification executed by two directors or designated partners of LLP duly notarized certifying that:<\/li>\n<li>The directors of the corporate and also the Principal Officer are major and not found to be of unsound mind by a court of competent jurisdiction and not found guilty of criminal misappropriation or criminal breach of trust or cheating or forgery or abetment of try and commit any such offense by a court of competent jurisdiction within the past five years. The applicant\/directors don&#8217;t seem to be involved in any economic offenses within the last three years.<\/li>\n<li>None of the directors\/employees of the corporate are holding directorships\/ employment in or represent the other insurance-related entity.<\/li>\n<li>The company shall\u00a0make sure that\u00a0at no point\u00a0of your time\u00a0during\u00a0the amount\u00a0of certificate of registration,\u00a0the web\u00a0worth of\u00a0the corporate\u00a0is reduced below rupees twenty-five lakh.<\/li>\n<li>The Applicant Company or its Directors or Principal Officer\u00a0aren&#8217;t\u00a0registered as an\u00a0underwriter\u00a0or Corporate Agent or Micro\u00a0broker\u00a0or TPA or Surveyor or Loss Assessor or an\u00a0insurance agent\u00a0or other insurance intermediary under the relevant regulations of IRDAI.<\/li>\n<li>The Applicant Company or its Directors or Principal Officer\u00a0aren&#8217;t\u00a0a related party of an insurer,\u00a0general agent, corporate agent, micro\u00a0factor, TPA, Surveyor or a loss assessor or\u00a0the other\u00a0insurance intermediary at the time of submission of application for Insurance Web Aggregator Certificate of registration and would maintain\u00a0the identical\u00a0status during\u00a0the amount\u00a0of certificate of registration in future.<\/li>\n<li>Snapshots of contents of the proposed website together with the proof of name registration.<\/li>\n<li>Confirmation of place of hosting website\u00a0like\u00a0registered office, operations office.<\/li>\n<li>List of persons who have control over or responsibility for the website contents in reference to insurance web aggregation.<\/li>\n<li>Certificate of the controller for the web Worth and Shareholding Pattern of the corporate as on the date of submission of Application.<\/li>\n<li>Copies of the Audited Annual Report and Accounts related to the previous three financial years<\/li>\n<li>Business Plan for next three years<\/li>\n<li>Details of infrastructure including IT infrastructure available<\/li>\n<li>Organizational Chart showing functional responsibilities<\/li>\n<li>Training and Examination Certificates of Principal Officer and authorized verifiers.<\/li>\n<li>Details and declarations of Principal Officer\/ Promoters\/ Directors\/ Partners\/ Key\u00a0force,\u00a0regarding\u00a0Fit and Proper criteria as\u00a0laid out in\u00a0Form D.<\/li>\n<li>A user I.D. and temporary password (with only view permission) to verify the Aggregation Website(s) \/ Portal \/ LMS by IRDAI I.T. Department\u00a0in a very\u00a0closed cover.<\/li>\n<\/ul>\n<p>Note: All the above-mentioned copies are required to be attested by the Principal Officer<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ELIGIBLE_EDUCATIONAL_QUALIFICATIONS_FOR_PRINCIPAL_OFFICER\"><\/span><span style=\"color: #000080;\"><strong>ELIGIBLE EDUCATIONAL QUALIFICATIONS FOR PRINCIPAL OFFICER <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Bachelors\/Master\u2019s degree in Arts, Science, or Social Sciences or Commerce or Engineering or Law or Management or its equivalent from any institution\/university recognized by any government or the Central Government; or<\/li>\n<li>An Associate\/ Fellow member of the Insurance Institute of India, or<\/li>\n<li>A post-graduate qualifying from the Institute of Insurance and Risk Management, Hyderabad; or<\/li>\n<li>An Associate\/ Fellow member of the Institute of Chartered Accountants of India, or<\/li>\n<li>An Associate\/ Fellow member of the Institute of Cost and Management Accountants of India, Kolkata; or<\/li>\n<li>An Associate\/ Fellow member of the Institute of Company Secretaries of India, or<\/li>\n<li>An Associate\/ Fellow member of the Institute of Actuaries of India; or<\/li>\n<li>A Certified Associateship member of the Indian Institute of Bankers, or<\/li>\n<li>Any other\u00a0qualification as may be specified, by the Authority, from time to time.<\/li>\n<li>The principal officer of the applicant should have completed\u00a0the desired\u00a0training on insurance from\u00a0an establishment\u00a0recognized by the Authority from time to time and passed an examination, at\u00a0the tip\u00a0of\u00a0the amount\u00a0of coaching\u00a0mentioned above, conducted by an examining body recognized by the Authority.<\/li>\n<\/ol>\n<p>Particulars related to the Principal Officer\/Directors\/Partners\/Promoters\/ Shareholders\/Key Management Personnel, as may be applicable<\/p>\n<p><span style=\"color: #000080;\">Personal Details<\/span><\/p>\n<table style=\"height: 329px;\" width=\"983\">\n<tbody>\n<tr>\n<td width=\"306\">Full Name<\/td>\n<td width=\"304\"><\/td>\n<\/tr>\n<tr>\n<td width=\"306\">Contact Details<\/td>\n<td width=\"304\"><\/td>\n<\/tr>\n<tr>\n<td width=\"306\">Address<\/td>\n<td width=\"304\"><\/td>\n<\/tr>\n<tr>\n<td width=\"306\">Phone No.<\/td>\n<td width=\"304\"><\/td>\n<\/tr>\n<tr>\n<td width=\"306\">Cell No.<\/td>\n<td width=\"304\"><\/td>\n<\/tr>\n<tr>\n<td width=\"306\">E-mail ID<\/td>\n<td width=\"304\"><\/td>\n<\/tr>\n<tr>\n<td width=\"306\">Date of Birth<\/td>\n<td width=\"304\"><\/td>\n<\/tr>\n<tr>\n<td width=\"306\">Nationality<\/td>\n<td width=\"304\"><\/td>\n<\/tr>\n<tr>\n<td width=\"306\">PAN Card No.<\/td>\n<td width=\"304\"><\/td>\n<\/tr>\n<tr>\n<td width=\"306\">Aadhaar Card No.<\/td>\n<td width=\"304\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #000080;\">Description of Duties \/ Responsibilities<\/span><\/p>\n<p>Qualifications Experience and Achievements<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"154\">Institute\u2019s Name<\/td>\n<td width=\"154\">Country<\/td>\n<td width=\"155\">Qualifications<\/td>\n<td width=\"153\">Year of Passing<\/td>\n<\/tr>\n<tr>\n<td width=\"154\"><\/td>\n<td width=\"154\"><\/td>\n<td width=\"155\"><\/td>\n<td width=\"153\"><\/td>\n<\/tr>\n<tr>\n<td width=\"154\"><\/td>\n<td width=\"154\"><\/td>\n<td width=\"155\"><\/td>\n<td width=\"153\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #000080;\">Professional Qualifications<\/span><\/p>\n<table style=\"height: 103px;\" width=\"956\">\n<tbody>\n<tr>\n<td width=\"154\">Institute\u2019s Name<\/td>\n<td width=\"154\">Country<\/td>\n<td width=\"155\">Qualifications<\/td>\n<td width=\"153\">Year of Passing<\/td>\n<\/tr>\n<tr>\n<td width=\"154\"><\/td>\n<td width=\"154\"><\/td>\n<td width=\"155\"><\/td>\n<td width=\"153\"><\/td>\n<\/tr>\n<tr>\n<td width=\"154\"><\/td>\n<td width=\"154\"><\/td>\n<td width=\"155\"><\/td>\n<td width=\"153\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #000080;\">Working Experience<\/span><\/p>\n<table style=\"height: 126px;\" width=\"949\">\n<tbody>\n<tr>\n<td width=\"126\">Name of the Employer<\/td>\n<td width=\"120\">Type of Business<\/td>\n<td width=\"123\">Designation<\/td>\n<td width=\"123\">Duties Performed<\/td>\n<td width=\"122\">Period of Employment<\/td>\n<\/tr>\n<tr>\n<td width=\"126\"><\/td>\n<td width=\"120\"><\/td>\n<td width=\"123\"><\/td>\n<td width=\"123\"><\/td>\n<td width=\"122\"><\/td>\n<\/tr>\n<tr>\n<td width=\"126\"><\/td>\n<td width=\"120\"><\/td>\n<td width=\"123\"><\/td>\n<td width=\"123\"><\/td>\n<td width=\"122\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol start=\"3\">\n<li>Association with the company\n<ol>\n<li>Present Shareholding in this Company \u2013 Position as on _<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<table style=\"height: 129px;\" width=\"975\">\n<tbody>\n<tr>\n<td width=\"156\">Name of the Company<\/td>\n<td width=\"156\">No. of shares held<\/td>\n<td width=\"224\">% Of shares held in the company<\/td>\n<\/tr>\n<tr>\n<td width=\"156\"><\/td>\n<td width=\"156\"><\/td>\n<td width=\"224\"><\/td>\n<\/tr>\n<tr>\n<td width=\"156\"><\/td>\n<td width=\"156\"><\/td>\n<td width=\"224\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #000080;\">Equity Interest in other companies\/ shareholding in other companies<\/span><\/p>\n<table style=\"height: 126px;\" width=\"971\">\n<tbody>\n<tr>\n<td width=\"156\">Name of the Company<\/td>\n<td width=\"156\">No. of shares held<\/td>\n<td width=\"224\">% Of shares held in the company<\/td>\n<\/tr>\n<tr>\n<td width=\"156\"><\/td>\n<td width=\"156\"><\/td>\n<td width=\"224\"><\/td>\n<\/tr>\n<tr>\n<td width=\"156\"><\/td>\n<td width=\"156\"><\/td>\n<td width=\"224\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #000080;\">Number of Directorship \/ Partnership \/ Proprietor held in any other company<\/span><\/p>\n<table style=\"height: 115px;\" width=\"959\">\n<tbody>\n<tr>\n<td width=\"156\">Name of the Company<\/td>\n<td width=\"220\">Position held in the organization<\/td>\n<td width=\"160\">Period (from&#8230;. to &#8230;.)<\/td>\n<\/tr>\n<tr>\n<td width=\"156\"><\/td>\n<td width=\"220\"><\/td>\n<td width=\"160\"><\/td>\n<\/tr>\n<tr>\n<td width=\"156\"><\/td>\n<td width=\"220\"><\/td>\n<td width=\"160\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>I declare that the above-provided information is true and correct, to the best of my knowledge.<\/li>\n<li>I declare that the FIT and Proper statement has been duly filed and enclosed along with this<\/li>\n<\/ul>\n<p>Signature<\/p>\n<p>Name<\/p>\n<p>Date<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000080;\"><strong>FIT AND PROPER CRITERIA<\/strong><\/span><\/p>\n<p>The applicant should satisfy the Authority\u2013that \u2013<\/p>\n<ul>\n<li>The Principal Officer\u00a0may be a\u00a0fit and proper person;<\/li>\n<li>The CEO\u00a0and also the\u00a0Directors are fit and proper persons\u00a0to carry\u00a0the office;<\/li>\n<li>All of the substantial shareholders\/partners of the proposed entity are fit and proper persons;<\/li>\n<li>All persons having effective control over the applicant are fit and proper persons to hold out the business.<\/li>\n<li>All Key forces of the applicant are fit and proper<\/li>\n<li>\u2018Declaration and Undertaking\u2019 prescribed for the aim of conducting due diligence to see the &#8216;fit and proper status of Principal Officer\/Directors\/Partners\/Promoters\/ Shareholders\/Key personnel is given below. Henceforth, the Insurance Web Aggregator should use the format for obtaining declaration and undertaking from existing Principal Officer and Directors\/Partners yet because the person to be appointed as Principal Officer \/ Director\/Partner.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>A separate form is submitted in respect of each individual.<\/li>\n<\/ul>\n<table style=\"height: 649px;\" width=\"964\">\n<tbody>\n<tr>\n<td colspan=\"4\" width=\"613\">Name of the Insurance Web Aggregator:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 _<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"15\" width=\"21\">&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>I<\/td>\n<td colspan=\"3\" width=\"592\">Personal Details<\/td>\n<\/tr>\n<tr>\n<td width=\"23\">A<\/td>\n<td width=\"365\">Full Name<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">B<\/td>\n<td width=\"365\">Position in the Insurance Web Aggregator Company \/ LLP<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">C<\/td>\n<td width=\"365\">Date of Birth<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">D<\/td>\n<td width=\"365\">Educational Qualifications<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">E<\/td>\n<td width=\"365\">Relevant Background and Experience<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">F<\/td>\n<td width=\"365\">Permanent Address<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">G<\/td>\n<td width=\"365\">Present Address<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">H<\/td>\n<td width=\"365\">E-mail Address<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">I<\/td>\n<td width=\"365\">Telephone Number<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">J<\/td>\n<td width=\"365\">PAN under the Income Tax Act\/<\/p>\n<p>Name and address of Income Tax Circle<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">K<\/td>\n<td width=\"365\">Aadhaar Card No.<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">L<\/td>\n<td width=\"365\">DIN number (if allotted) and ROC location<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">M<\/td>\n<td width=\"365\">Relevant knowledge and experience in Insurance<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"23\">N<\/td>\n<td width=\"365\">Any other information relevant to the position<\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"21\"><\/td>\n<td width=\"23\"><\/td>\n<td width=\"365\"><\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<tr>\n<td width=\"21\">II<\/td>\n<td width=\"23\"><\/td>\n<td width=\"365\">Fit &amp; Proper Criteria<\/td>\n<td width=\"204\">Yes\/No (If yes, furnish full details)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table style=\"height: 1617px;\" width=\"972\">\n<tbody>\n<tr>\n<td rowspan=\"14\" width=\"30\">&nbsp;<\/p>\n<p>&nbsp;<\/td>\n<td width=\"29\">A<\/td>\n<td width=\"333\">Have you ever registered or obtained a license from any of the regulatory authorities under any law like SEBI, RBI, IRDAI, PFRDA, etc.<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">B<\/td>\n<td width=\"333\">Have you carried on business under any name aside from the name stated during this application?<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">C<\/td>\n<td width=\"333\">Have you ever been refused or restricted by any regulatory agency to hold on to any business, trade, or profession that a particular license\/registration or other authorization is required by law?<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">D<\/td>\n<td width=\"333\">Have you been ever censured or disciplined or suspended or refused permission or license or registration by any administrative body to hold on to any endeavor<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">E<\/td>\n<td width=\"333\">Have you been subject to any investigations or disciplinary proceedings or are issued a warning or reprimand by any administrative unit?<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">F<\/td>\n<td width=\"333\">Have you been ever convicted for any offense or is subject to any pending proceedings under any law<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">G<\/td>\n<td width=\"333\">Have you ever been banned from entry to any profession\/occupation, at any time<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">H<\/td>\n<td width=\"333\">Details of prosecution, if any, pending or commenced or\u00a0leading to\u00a0conviction\u00a0within the\u00a0past for violation of economic laws and regulations<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">I<\/td>\n<td width=\"333\">Details of\u00a0action, if any, pending or commenced or\u00a0leading to\u00a0conviction\u00a0within the\u00a0past against the applicant<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">J<\/td>\n<td width=\"333\">Do you attract any sought of disqualifications as provided under Section 164 of the Companies Act 2013?<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">K<\/td>\n<td width=\"333\">Have you been subject to any investigation at the instance of the presidency department or agency?<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">L<\/td>\n<td width=\"333\">Have you at any time been found guilty of a violation of rules\/regulations \/ legislative requirements by customs\/excise \/ tax\/interchange \/ other revenue authorities, if so, give particulars<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">M<\/td>\n<td width=\"333\">Have you at any time come to the adverse notice of a regulator\u00a0like\u00a0SEBI, IRDAI, MCA, PFRDA.<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"29\">N<\/td>\n<td width=\"333\">Has any of your distinct company\/associate company\/related party, been issued any certificate of registration, by IRDAI.<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"30\"><\/td>\n<td width=\"29\"><\/td>\n<td width=\"333\"><\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"3\" width=\"30\">III<\/td>\n<td colspan=\"2\" width=\"362\">Any other explanation\/information in respect to items I and II and other information considered relevant for judging the fit and proper criteria of the applicant<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"362\">Undertaking<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"362\">I confirm that the above information is, to\u00a0the simplest\u00a0of my knowledge and belief, true and complete. I undertake\u00a0to stay<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"30\"><\/td>\n<td colspan=\"2\" width=\"362\">The Authority fully informed, as soon as possible, of all events, which occur beyond my appointment, which are relevant to the knowledge provided above.<\/td>\n<td width=\"219\"><\/td>\n<\/tr>\n<tr>\n<td width=\"30\"><\/td>\n<td colspan=\"2\" width=\"362\">Place:<\/td>\n<td width=\"219\">Signature:<\/td>\n<\/tr>\n<tr>\n<td width=\"30\"><\/td>\n<td colspan=\"2\" width=\"362\">Date:<\/td>\n<td width=\"219\">Name:<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000080;\"><strong>CERTIFICATE OF REGISTRATION<\/strong><\/span><\/p>\n<p>In exercise of the powers conferred by sub-section (1) of Section 42D of the Insurance Act, 1938 (4 of 1938) the Authority hereby grants a CERTIFICATE OF REGISTRATION to\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;to act as INSURANCE WEB AGGREGATOR\u00a0under it\u00a0Act.<br \/>\nCERTIFICATE OF\u00a0license plate\u00a0for the Insurance Web Aggregator is\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026&#8230;<\/p>\n<p>1. This CERTIFICATE OF REGISTRATION is valid from \u2026\u2026\u2026\u2026. to\u2026\u2026\u2026.<\/p>\n<p>2. This CERTIFICATE OF REGISTRATION is subject to the Insurance Act, 1938, Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) and Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017 and shall not be construed to be in compliance with or in conformity to\u00a0the other\u00a0Act, rules or regulations.<\/p>\n<p>Place:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 By Order<\/p>\n<p>Date:<\/p>\n<p>For and on behalf of the Insurance Regulatory and Development Authority of India<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #000080;\">APPROVAL TO FUNCTIONING AS TELEMARKETER<\/span> <\/strong><\/p>\n<p>In exercise of the powers conferred by sub-section (1) of section 42D of the Insurance Act, 1938 (4 of 1938) the Authority hereby grants approval to M\/s\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026<br \/>\nto undertake Insurance Telemarketing and Insurance Outsourcing work\u00a0thereunder\u00a0Act. CERTIFICATE OF\u00a0registration code\u00a0for the Insurance Web Aggregator is \u2026\u2026\u2026\u2026\u2026\u2026<\/p>\n<p>1) This CERTIFICATE OF REGISTRATION shall be valid from \u2026\u2026\u2026\u2026.to\u2026\u2026\u2026\u2026\u2026.<\/p>\n<p>2) This CERTIFICATE OF REGISTRATION is subject to the Insurance Act, 1938, Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), and Insurance Regulatory and Development Authority of<br \/>\nIndia (Insurance Web Aggregators) Regulations, 2017 and shall not be construed to be in compliance with or in conformity to the other Act, rules, or regulations.<\/p>\n<p>Place:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 By Order<\/p>\n<p>Date:<\/p>\n<p>For and on behalf of the Insurance Regulatory and Development Authority of India<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000080;\"><strong>APPLICATION FOR RENEWAL OF REGISTRATION<\/strong><\/span><\/p>\n<p>Instructions for filling up the form:<\/p>\n<ol>\n<li>It\u00a0is vital\u00a0that before this RENEWAL\u00a0form\u00a0is filled in, the Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations 2017 are studied carefully.<\/li>\n<li>Applicants shall submit the RENEWAL form, duly filled and provided with all appropriate, supporting documents to the Authority.<\/li>\n<li>Application for renewal of the certificate of registration is going to be considered given that the RENEWAL form is complete altogether respects.<\/li>\n<li>Applicants should sign the applications themselves.<\/li>\n<li>The information which must be supplied in additional details could also be given on separate sheets which should be attached to the RENEWAL form.<\/li>\n<\/ol>\n<p style=\"text-align: center;\"><span style=\"color: #000080;\"><strong>PARTICULARS OF THE APPLICANT<\/strong><\/span><\/p>\n<ul>\n<li>Name of the Applicant: <u><\/u><\/li>\n<li>Address of the Principal Place of business or of the Registered<\/li>\n<\/ul>\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td width=\"305\">Pin Code<\/td>\n<td width=\"305\">Email<\/td>\n<\/tr>\n<tr>\n<td width=\"305\">Tel No<\/td>\n<td width=\"305\">Fax No<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Address for Correspondence:<\/li>\n<\/ul>\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"610\"><\/td>\n<\/tr>\n<tr>\n<td width=\"305\">Pin Code<\/td>\n<td width=\"305\">Email<\/td>\n<\/tr>\n<tr>\n<td width=\"305\">Tel No<\/td>\n<td width=\"305\">Fax No<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"color: #000080;\"><strong>2.\u00a0 <\/strong><strong>ORGANISATION \u2013 STRUCTURE <\/strong><\/span><\/p>\n<ol start=\"3\">\n<li><span style=\"color: #000080;\"><strong>BUSINESS INFORMATION<\/strong><\/span><\/li>\n<\/ol>\n<ul>\n<li>Business plan document for a period of 3 years, along with the projected volume of activities and income, in respect of which the certificate of registration sought to be issued.<\/li>\n<li>Particulars related to Key Management Personnel<\/li>\n<\/ul>\n<table>\n<tbody>\n<tr>\n<td width=\"67\">Name<\/td>\n<td width=\"105\">Designation\/ Position<\/td>\n<td width=\"105\">Qualification<\/td>\n<td width=\"120\">Insurance-related experience<\/td>\n<td width=\"123\">Date of Appointment<\/td>\n<td width=\"90\">Functional Areas<\/td>\n<\/tr>\n<tr>\n<td width=\"67\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"120\"><\/td>\n<td width=\"123\"><\/td>\n<td width=\"90\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"67\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"120\"><\/td>\n<td width=\"123\"><\/td>\n<td width=\"90\"><\/td>\n<\/tr>\n<tr>\n<td width=\"67\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"120\"><\/td>\n<td width=\"123\"><\/td>\n<td width=\"90\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ol start=\"4\">\n<li><span style=\"color: #000080;\"><strong>OTHER INFORMATION<\/strong><\/span><\/li>\n<\/ol>\n<ul>\n<li>Details related to all settled and pending<\/li>\n<\/ul>\n<table>\n<tbody>\n<tr>\n<td width=\"204\">Nature of Dispute<\/td>\n<td width=\"203\">Name of party<\/td>\n<td width=\"204\">Pending\/ settled<\/td>\n<\/tr>\n<tr>\n<td width=\"204\"><\/td>\n<td width=\"203\"><\/td>\n<td width=\"204\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Details related to any economic offenses committed by the applicant or any of their directors, or key managerial personnel, during the last three<\/li>\n<\/ul>\n<ol start=\"5\">\n<li><span style=\"color: #000080;\"><strong>RENEWAL OF PERMISSION FOR TELEMARKETING\/ OUTSOURCING WORK<\/strong><\/span><\/li>\n<\/ol>\n<ul>\n<li>Do you want to continue the work of telemarketing\/ outsourcing: Yes\/ No?<\/li>\n<li>Is the TRAI Registration valid: Yes\/ No<\/li>\n<li>Updated List of Authorized Verifiers:<\/li>\n<\/ul>\n<table width=\"614\">\n<tbody>\n<tr>\n<td width=\"73\">Name<\/td>\n<td width=\"99\">Qualification<\/td>\n<td width=\"120\">Sponsoring Entity<\/td>\n<td width=\"105\">Certificate No.<\/td>\n<td width=\"90\">Valid Till<\/td>\n<td width=\"128\">PAN\/ Aadhaar No.<\/td>\n<\/tr>\n<tr>\n<td width=\"73\"><\/td>\n<td width=\"99\"><\/td>\n<td width=\"120\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"90\"><\/td>\n<td width=\"128\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\"><\/td>\n<td width=\"99\"><\/td>\n<td width=\"120\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"90\"><\/td>\n<td width=\"128\"><\/td>\n<\/tr>\n<tr>\n<td width=\"73\"><\/td>\n<td width=\"99\"><\/td>\n<td width=\"120\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"90\"><\/td>\n<td width=\"128\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Attach additional chart if required<\/p>\n<ul>\n<li>Any other information<\/li>\n<\/ul>\n<p>For and on behalf of\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 For and on behalf of<\/p>\n<p><u>\u00a0<\/u>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 _<\/p>\n<p>(Signature and Name of Applicant)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (Signature &amp; Name of Applicant)<\/p>\n<p>Designation\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Designation<\/p>\n<p>{Block Letters}\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 {Block Letters}<\/p>\n<p>Place: Date:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FORMS_TO_BE_ATTACHED_WITH_THE_RENEWAL_FORM_F\"><\/span><span style=\"color: #000080;\"><strong>FORMS TO BE ATTACHED WITH THE RENEWAL\u00a0FORM\u00a0F<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li>A Self-Certified undertaking\u00a0as per the prescribed format given in Annexure \u201c1\u201d<\/li>\n<li>Confirmation of place of hosting website like registered office, operations office, provided that there&#8217;s a chance.<\/li>\n<li>List of persons who have control over or responsibility for the website contents in respect to insurance web aggregation provided that there&#8217;s a chance.<\/li>\n<li>Business Plan for next three years<\/li>\n<li>The Renewal Training Certificates are issued in the name of the Principal Officer and authorized verifiers.<\/li>\n<li>banker&#8217;s draft\u00a0for Rupees Twenty-Five Thousand Only drawn on any scheduled bank in favor of Insurance Regulatory and Development Authority of India payable at Hyderabad or by recognized electronic funds transfer to IRDAI.<\/li>\n<\/ol>\n<p>Note: All the above-mentioned copies are required to be attested by the Principal Officer.<\/p>\n<p><span style=\"color: #000080;\"><strong>UNDERTAKING<\/strong><\/span><\/p>\n<p>Ref. No.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Date<\/p>\n<p>The Insurance Regulatory and Development Authority of India 3rd Floor, ParishramBhavan,<\/p>\n<p>Basheerbagh HYDERABAD \u2013 500004<\/p>\n<p>Sir,<\/p>\n<p>We hereby submit\u00a0the subsequent\u00a0undertaking\u00a0and make sure\u00a0as under that:<br \/>\n1. there&#8217;s no intervention by the other regulatory agency on the promoters\/ Management\/ Applicant Company as of the date (If there&#8217;s any intervention, details of the intervention to be furnished).<\/p>\n<ol start=\"2\">\n<li>No Director\/ Partner\/ Principal Officer\/ Shareholder\/ Employee\/ person directly or indirectly connected with the Applicant Company has been refused within the past the grant of a license\/ Certificate of registration by IRDAI.<\/li>\n<li>The Principal Officer has not violated the code of conduct as laid out in the Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017.<\/li>\n<li>The Applicant Company will\u00a0befit\u00a0Regulation confining to Main Objects of the Memorandum of Association filed with the Authority.<\/li>\n<li>The Principal Officer is appointed exclusively to hold out the functions of the Insurance Web Aggregator under the Regulations and is neither holding any Directorship\/Employment\/Assignment in nor represents, either on a full time or on a part-time basis, the other Insurance related or the other entity. If so, it&#8217;s with the previous approval of the Authority. (Strike out which isn&#8217;t applicable)<\/li>\n<li>None of the directors\/partners or and employees of the corporate are holding any directorship\/ employment in or represent the other insurance-related entity. If so, it&#8217;s with the previous approval of the Authority. (Strike out which isn&#8217;t applicable)<\/li>\n<li>None of the Associate companies\/ Directors\/ Promoters\/ Key Management Personnel\/ Principal Officer\/ Employees of the entity, is the holding Agency\/ Corporate Agency\/ TPA\/ Surveyors\/ other Insurance intermediary registration<br \/>\n\/ license.<\/li>\n<li>we&#8217;ve\u00a0assisted the clients in paying the premium as per sec. 64 VB (1) of the Insurance Act, 1938 and\u00a0haven&#8217;t\u00a0paid the premium on behalf of the clients, all\u00a0the days.<\/li>\n<li>we&#8217;ve not given any rebates of the full or a part of the commission payable or premium shown either directly or indirectly in compliance with sec. 41 of the Insurance Act, 1938.<\/li>\n<li>We confirm that the minimum capital requirement\u00a0isn&#8217;t\u00a0diluted by its use in buying shares and securities as also keeping Inter Corporate Deposits and giving loans etc.<\/li>\n<li>We confirm that the functions as\u00a0laid out in\u00a0Regulation 31of Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017\u00a0are\u00a0complied with during the previous registration period.<\/li>\n<\/ol>\n<p>We confirm that the above statements are faithful to the simplest of our knowledge and belief.<br \/>\nWe further undertake to\u00a0go with\u00a0all the applicable<\/p>\n<p>Principal Officer\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (Director, other than the PO)<\/p>\n<p>Signature\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Signature<\/p>\n<p>Name\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Name<\/p>\n<p>Date\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Date<\/p>\n<h2><span class=\"ez-toc-section\" id=\"RENEWAL_CERTIFICATE_OF_REGISTRATION\"><\/span><span style=\"color: #000080;\"><strong>RENEWAL CERTIFICATE OF REGISTRATION<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In exercise of the powers conferred by sub-section (1) of Section 42D of the Insurance Act, 1938 (4 of 1938) the Authority hereby grants a RENEWAL CERTIFICATE OF REGISTRATION to act as INSURANCE WEB AGGREGATOR thereunder Act.<\/p>\n<p>RENEWAL CERTIFICATE OF REGISTRATION Code for the Insurance Web Aggregator may be a<\/p>\n<p>The RENEWAL CERTIFICATE OF REGISTRATION shall be valid from<\/p>\n<p>to<\/p>\n<p>The RENEWAL CERTIFICATE OF REGISTRATION shall be subject to the Insurance Act, 1938, Insurance Rules of 1939, Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) and Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017 and shall not be construed to be in compliance with or in conformity to the other Act, rules or regulations.\\<\/p>\n<p>&nbsp;<\/p>\n<p>Place:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 By Order<\/p>\n<p>Date:<\/p>\n<p>For and on behalf of the Insurance Regulatory and Development Authority of India<\/p>\n<p><span style=\"color: #000080;\"><strong>RENEWAL OF APPROVAL TO FUNCTIONING AS TELEMARKETER AND FOR OUTSOURCING WORK<\/strong><\/span><\/p>\n<p>By exercising the powers conferred by section 42D (1) of the Insurance Act, 1938 (4 of 1938), the Authority can grant approval to M\/s<\/p>\n<p>to still undertake Insurance Telemarketing and Insurance Outsourcing work under it Act. RENEWAL CERTIFICATE OF REGISTRATION Code for the Insurance Web Aggregator may be a<\/p>\n<p>1) The RENEWAL CERTIFICATE OF REGISTRATION shall be valid from<\/p>\n<p>to<\/p>\n<p>2) The RENEWAL CERTIFICATE OF REGISTRATION shall be subject to the Insurance Act, 1938, Insurance Rules of 1939, Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) and Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017 and shall not be construed to be in compliance with or in conformity to the other Act, rules or regulations.<\/p>\n<p>&nbsp;<\/p>\n<p>Place:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 By Order<\/p>\n<p>Date:<\/p>\n<p>For and on behalf of the Insurance Regulatory and Development Authority of India<\/p>\n<p><iframe loading=\"lazy\" title=\"Insurance Web  Aggregator | eligibility for Insurance Web Aggregator | procedure for Registration\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/LRLXc8dBpVU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BRIEF INTRODUCTION A web aggregator is an insurance intermediary or an\u00a0insurance firm\u00a0that has\u00a0information on insurance provided by different companies.\u00a0the net\u00a0aggregator has been\u00a0an organization\u00a0registered with\u00a0the businesses\u00a0Act 2013 or the previous company law 1956\u00a0and also the\u00a0IRDAI. REASON TO INTRODUCE INSURANCE WEB AGGREGATORS The main reason behind the introduction of Insurance Web Aggregators in India was to teach &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[9954],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/13013"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=13013"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/13013\/revisions"}],"predecessor-version":[{"id":25506,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/13013\/revisions\/25506"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=13013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=13013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=13013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}