Insurance web aggregator operations require foreign-currency transactions, restricted domestic solicitation, fair conduct, employee accountability, and prescribed disclosures.

Insurance Web Aggregators may solicit direct insurance business for insurers in an IFSC, other special economic zones, and from the Indian diaspora outside India, but may not solicit from the Domestic Tariff Area except in accordance with Section 2CB of the Insurance Act. Foreign-jurisdiction laws must be observed for diaspora business, and financial transactions must use freely convertible foreign currency. IWAs must conduct business fairly, follow prescribed obligations and conduct standards, remain responsible for employee acts and omissions, and make prescribed disclosures.

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