Aditya Birla Capital gets IRDAI nod to operate as composite corporate agent
By Aditya Bhagchandani Published on April 22, 2025, 17:18 IST
Aditya Birla Capital Limited has announced that it has secured approval from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a Corporate Agent (Composite). The license, granted on April 21, 2025, allows the company to solicit Life, General, and Health Insurance products under the Insurance Regulatory and Development Authority of India (Registration of Corporate Agents) Regulations, 2015.
With this development, Aditya Birla Capital is now positioned to offer a full suite of insurance solutions across life, health, and general insurance categories to its customers. The license will remain valid for a three-year period, from April 21, 2025 to April 20, 2028.
In its official communication to the exchanges, the company emphasized that this approval will significantly enhance its ability to provide a comprehensive bouquet of insurance services, aligning with its strategic aim to strengthen its presence in the insurance distribution space.
There have been no cancellations, suspensions, or penalties associated with this approval, and the company has confirmed that this move is expected to have a positive impact on its business prospects going forward.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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