AFAAVAS Financiers541988Regulatory approval

IRDAI issues fresh Corporate Agent Certificate of Registration, effective from December 08, 2026

IRDAI has issued the company a Certificate of Registration dated October 26, 2026 to act as a Corporate Agent.

By ScoutQuest · Mon 26 Oct 2026, 9:17 PM IST · 2 min read

Certificate of Registration dated

October 26, 2026

Effective from

December 08, 2026

Earlier CoR expires

December 07, 2026

What the company told the exchanges

The company has obtained a Certificate of Registration (CoR) from the Insurance Regulatory and Development Authority of India (IRDAI) to act as a Corporate Agent under the Insurance Act, 1938. The certificate is dated October 26, 2026.

• The certificate is effective from December 08, 2026.
• The earlier CoR expires on December 07, 2026, so the new one follows on immediately after.
• It is perpetual in nature and remains continuously in force, subject to payment of the prescribed annual fee and continued compliance with applicable regulatory requirements.
• The company has stated that the event occurred on October 26, 2026 at 2:33 P.M. (IST).

Why it matters to the business

A corporate agent is an entity that can solicit and service insurance products for customers on behalf of insurers. In its annexure, the company says that with this certificate it will be able to solicit insurance products to its customers as a corporate agent.

For a lending business, this is a distribution permission rather than a change in the lending licence. It sits alongside the company's main operations and lets it offer insurance products to the customers it already serves.

What is not changing

The update records no withdrawal, cancellation or suspension of any licence, and states that the related disclosure points on penalty and corrective action are not applicable. The certificate is a renewal in effect, since it begins the day after the earlier one expires.

What to keep an eye on

The certificate is described as perpetual, but it stays valid only with the prescribed annual fee paid and the applicable regulatory requirements met. The company has not, in this update, given any monetary figure linked to the certificate.

In short

This is a regulatory permission the company already held being issued again, with no break in validity between the two certificates. It supports the company's ability to distribute insurance products to its customers.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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