The Insurance Regulatory and Development Authority of India (IRDAI) granted Ather Insurance a Certificate of Registration on October 15, allowing it to operate as a composite corporate agent for the distribution and servicing of life, general and health insurance.
Ather Energy disclosed the approval in a stock exchange filing on October 15. The registration is effective from the date of approval and will remain in force subject to payment of the annual fee, unless suspended or cancelled by IRDAI.
The company said the new business would allow it to leverage its existing customer base to create recurring revenue opportunities. It also expects the move to improve the experience of its customers and retail partners.
