What are insurance aggregator websites?

Some websites provide basic information about the various insurance policies of different companies. These websites are called insurance aggregators. 



It was a moment of great relief for Shikha when she found out a website that had lots of information about insurance policies, premia, inclusions, and exclusions, etc from several different insurers. She was basically looking at an insurance aggregator.

A lot of you would have visited websites that contain several bits and pieces of information related to insurance. These websites are useful because they give us a general idea about the various products available in the market at a given time. You can compare one product with another and ultimately decide which one is better for you.

An insurance aggregating website just conveys you some basic information about the various policies available and nothing else. It is an information funnel and not a booking medium.

So how does an insurance aggregator website work?


1. First of all, you need to have a list of all the insurance aggregators available. Here is a list provided by the Insurance Regulation and Development Authority of India> https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo2337&mid=9.6.1

Don't worry, this link is trustworthy and is provided by the Government of India.

2. In the next step, choose one aggregator and go to its website.

3. Next, choose the kind of insurance you want to have:

a) Life Insurance

b)Health Insurance

c)Auto Insurance

There can be other products also.

4. After you have chosen your insurance, you will fill out a form. You need to share some basic information like your name, age, salary, number of dependants, city, etc. Once you have filled in your details, you will get several quotes from different insurance providers. Pick the one that suits your needs and click 'Pay'. As soon as you click 'Pay' you will be taken to the payment page of your insurance provider. Make the payment here.

Insurance aggregators contain updated information but it would be great if you cross-checked it directly with the insurer. These days, many insurers have virtual assistants on their pages which help applicants in real time.

The biggest benefit of dealing with an insurance aggregator website is that it saves your time.

Also, read- How to buy insurance online? 

Do you have queries on insurance? Please leave your questions in the comment box below. 

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