Section 17 in Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017
17. Board Approved Policy for comparison and distribution of insurance products.
(a)Every Insurance Web Aggregator shall have a Board approved policy on the manner of soliciting insurance products. The Policy, amongst others, shall include the approach to be followed by the Insurance Web Aggregator in having multiple tie-ups, type of products sold, grievance redressal mechanism, reporting requirements and any other item.(b)The Board of the Insurance Web Aggregator shall review the same atleast once in three years.
