What Is Insurance Self Network Platform?
Insurance Self-Network Platform Refers to an Electronic Platform Set up with a View to Conducting Insurance E-Commerce Activity. Such Platforms Can Only...
Insurance Self-Network Platform refers to an electronic platform set up with a view to conducting insurance e-commerce activity. Such platforms can only operate after getting permission from IRDA. ISNP can be set up in any of the following forms: Website (desktop or mobile version) or. Mobile application or.
What IS ISNP in insurance?
Insurance Self Network Platform is an electronic platform set up to conduct insurance e-commerce activities with the permission of IRDAI authority. It helps brokers or firms to sell policies in a cost efficient manner.
Why is ISNP license required?
In order to create a digital platform for the insurance industry, the Insurance Regulatory and Development Authority of India (Irdai) issued guidelines for insurance e-commerce on 9 March. ... “Any insurers or intermediaries, like web aggregators or insurance brokers—who have a website—will now have to get an ISNP license.
David Miller brings 15 years of experience in global economics, personal finance strategy, and market dynamics. He specializes in turning complex economic trends into actionable insights for everyday readers.
