MyInsuranceClub.com has become the 1st website in India to obtain a Web Aggregator License from the Insurance Regulatory and Development Authority (IRDA). Internet-based distribution is the next big thing in the Indian insurance market and web aggregators play a significant role here. A certification from none other than the IRDA only highlights the growing importance of comparison websites in the Indian insurance space.
To protect the policyholder’s interest, there are rules around the promotion and distribution of Insurance products in India. Last year, IRDA issued certain guidelines for all websites that are in the business of online insurance comparison. MyInsuranceClub was one of the initial websites to apply for the license and now is the first one to get approval from the Authority. MyInsuranceClub is now authorized to display the comparison of all the insurance products on its website. This approval from the regulator is like a seal of trust, which tells the website visitors that they are accessing authentic information and that their personal data is in safe hands.
Deepak Yohannan, CEO of MyInsuranceClub said, “We are pleased to announce to all our visitors and partners that MyInsuranceClub.com is now a licensed web portal. Our focus continues to be to offer helpful and valuable information to our customers.”
About MyInsuranceClub
Founded in July 2009, MyInsuranceClub is the flagship website of iGear Financial Services Private Limited. The aim of this website is to empower people with the right kind of information on insurance products thereby enabling them to make the best choices. The website displays premiums, features, and other product benefits for insurance products in India.
