Transmission of insurance leads by an Insurance Web Aggregator to insurers is governed by the manner specified in Schedule 12. The prescribed framework controls how an IWA shares leads with insurers and makes lead transmission subject to the stated procedural requirements.

Product comparison display on an Insurance Web Aggregator's website is mandatory and must be carried out in the manner prescribed by Schedule 11. The obligation governs website-based presentation of product comparisons and requires the comparison display to conform to the specified Schedule 11 manner.

Insurance Web Aggregators must prepare audited financial statements, disclose insurer-wise income and related-party payments, and ensure related-party transactions are conducted at arm's length. Audited accounts, auditor reports, and explanations of observations must be submitted within the prescribed period, and audit deficiencies must be rectified. Books and records must be retained at the IFSC office for at least ten years, with extended retention for sub judice claims. Insurer-wise records must include leads, policies, remuneration, KYC material, client particulars, complaints, and regulatory correspondence.

Where an insurance web aggregator has arrangements to distribute products for more than one insurer in a particular line of business, it must display the list of those insurers to prospects and provide details of all available products. Disclosures must include coverage scope, policy term, premium payable, premium terms, and other relevant information. The product proposed for sale must be based on the prospect's needs analysis, ensuring needs-based distribution free from conflicts of interest.

Insurance Web Aggregators are prohibited from entering arrangements with insurers that operate against the interests of prospects and policyholders. Arrangements for distributing insurance products must conform to requirements specified by the International Financial Services Centres Authority, making protection of prospects and policyholders a governing condition for insurer-aggregator distribution arrangements.

Professional indemnity insurance is mandatory for every insurance web aggregator, which must purchase and maintain continuous cover in accordance with requirements prescribed in Schedule 7. The obligation forms part of the corporate governance, operational and management framework applicable to insurance web aggregators, requiring insurance protection to remain in force at all times on an ongoing basis.

Insurance web aggregators must maintain a Board-approved, or equivalent-body-approved, policy governing the manner of soliciting insurance products. The policy must cover multiple insurer tie-ups, product comparison and distribution, products offered, solicitation modes, grievance redressal, reporting requirements, and requirements applicable to different business segments. The Board or equivalent body must review the policy at least once every three years.

Change in ownership and control of promoters, partners, designated partners, or controlling shareholders of an Insurance Web Aggregator must be carried out only in the manner and form specified by the Authority. Prescribed regulatory specifications determine the permitted process for such changes.

Insurance Web Aggregators must obtain the Authority's prior approval before implementing any scheme of amalgamation, merger, acquisition, or transfer of business. The requirement applies to transactions involving the whole or any part of the business and makes prior approval a mandatory condition for such restructuring or business-transfer arrangements.

Refusal of renewal of an Insurance Web Aggregator registration requires the applicant to cease acting as an IWA from the effective date specified by the Authority. The IWA must continue servicing existing contracts until their expiry or for six months from refusal, whichever is earlier, and must arrange for another registered IWA in the same category to attend to those contracts. The Authority may require details of the transition arrangements.

Renewal of an Insurance Web Aggregator certificate of registration requires a deficiency-cure process before refusal. The Authority must communicate deficiencies to the applicant and allow 30 days for rectification. If deficiencies remain unrectified to the Authority's satisfaction, renewal may be refused only by communicating written reasons and after giving the applicant an opportunity to make written submissions on the proposed grounds of refusal.

Renewal of an Insurance Web Aggregator's certificate of registration requires timely filing in the prescribed format with supporting documents and fee. Delayed applications may attract penalty fees, require condonation, or be considered only after a specified waiting period. Conditions for initial registration apply to renewal, and fresh insurance business is prohibited while registration has expired and renewal is pending, except for servicing existing policies. Prescribed training is required for the Principal Officer and Authorised Verifier. Renewal may be granted for a further three-year period upon fulfilment of applicable conditions.

Registration as an Insurance Web Aggregator requires minimum paid-up capital or contribution and net worth equal to the minimum capital. Branch capital must be earmarked, held in the country of incorporation, and invested under home-country requirements. Capital investment must be from owned funds and remain free from encumbrances; borrowings or arrangements creating future debt are excluded. Net-worth shortfalls must be immediately restored and reported. Half-yearly certification of paid-up capital and net worth by a statutory auditor or specified professional is required.

Insurance web aggregator registration requires in-principle approval followed by compliance with minimum capital infusion, principal officer training, professional indemnity policy, and other necessary conditions. Compliance must ordinarily be completed within 45 days, subject to a timely requested extension not exceeding 90 days from in-principle approval. Registration deficiencies must be notified in writing and may be rectified within 30 days before refusal is considered, with an opportunity for written submissions. A registered IWA must commence business within six months of certificate grant, subject to an extension not exceeding nine months.

Priority measures included expanded intra-SCO trade, lower trade costs, resilient and diversified supply chains, trusted multimodal connectivity, greater market access, simplified customs processes, paperless trade and electronic document exchange. Digital and cross-border payments and accessible trade finance were identified to enable MSMEs and start-ups to participate in trade and value chains. Ministers agreed an Action Plan for 2026-2030 for further approval and approved regulations for a special working group on creative-economy development.

Registration or renewal of registration for an Insurance Web Aggregator is conditional on exclusive conduct of the registered business, compliance with applicable law, Know Your Customer and Anti-Money Laundering guidelines, and the prescribed Code of Conduct. The aggregator must maintain required records, promptly disclose false, misleading, or materially changed information, redress policyholder grievances within the specified period, avoid multi-level marketing, and maintain policy-wise and authorised-verifier-wise tagged records accessible to the Authority.

Customs cooperation and trade facilitation measures included pre-arrival information exchange, electronic verification of Certificates of Origin, and Customs automation and digitalisation. These measures are directed at facilitating legitimate trade while ensuring compliance with applicable rules and preventing misuse of preferential trade arrangements. Rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure were reviewed to improve infrastructure utilisation and address operational bottlenecks affecting bilateral and transit trade.

Registration as an Insurance Web Aggregator in an IFSC requires submission of the prescribed application form, applicable fee and supporting documents as specified by the Authority. Requests to undertake Insurance Outsourcing or Insurance Telemarketing must be expressly included in the application. The Authority may seek further information, clarifications or documents, while applicants must promptly disclose information or clarification that may bear on consideration of their application.

OnEMI Technology Solutions Limited has approved a preferential issue of equity shares to identified investors, subject to shareholder and requisite regulatory and statutory approvals. The issuance is proposed under the Companies Act, 2013, the SEBI capital-issue and disclosure framework, other applicable SEBI regulations, and applicable law. Seventy-five per cent of the additional capital raised is proposed for infusion into its wholly owned subsidiary to support lending, technology, digital capabilities and product expansion, while the remaining twenty-five per cent is proposed for general corporate purposes.

Registration as an Insurance Web Aggregator requires constitutional documents identifying web aggregation of insurance products as a main object, exclusive engagement in web aggregation or insurance broking, qualified authorised verification, and adequate operational and IT infrastructure. Eligibility also requires fit-and-proper management, financially sound investors from FATF-compliant jurisdictions, compliance with prescribed obligations and conduct standards, and undertakings on referral arrangements, conflicts of interest, Indian server hosting, capital and net worth, personnel and continuing compliance.