IRDAI grants Certificate of Registration to wholly owned subsidiary to act as Corporate Agent (Composite)
IRDAI has approved and granted a Certificate of Registration dated October 15, 2026 to Ather Insurance Limited, a wholly owned subsidiary.
By ScoutQuest · · 1 min read
- Certificate of Registration Date
- October 15, 2026
- Approving Authority
- IRDAI
- Registration Type
- Corporate Agent (Composite) for distribution and servicing of life, general and health insurance
What the company told the exchanges
The company informed the exchanges that the Insurance Regulatory and Development Authority of India (IRDAI) has approved and granted a Certificate of Registration dated October 15, 2026 to Ather Insurance Limited, its wholly owned subsidiary.
That registration allows the subsidiary to act as a Corporate Agent (Composite) for the distribution and servicing of life, general and health insurance business, under the IRDAI (Registration of Corporate Agents) Regulations, 2015, as amended.
What a Corporate Agent (Composite) is
- A corporate agent is a company that distributes and services insurance policies on behalf of insurance companies.
- The word composite means it can deal in life, general and health insurance, not just one of these lines.
Why the company says this matters
- Diversification of the company's revenue streams
- Recurring revenue opportunities by leveraging the existing customer base
- Improved customer experience for the company's customers and retail partners
How long the registration is valid
The registration is valid from October 15, 2026 and remains in force subject to payment of an annual fee, until it is suspended or cancelled by IRDAI.
What it means for a retail investor
This is a new business permission granted to a wholly owned subsidiary of the company. The company sets out the expected benefits as revenue diversification, recurring revenue opportunities and a better experience for its customers and retail partners.
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