Aptus Value Housing Finance India Limited has received a significant approval from the Insurance Regulatory and Development Authority of India (IRDAI). The company has been granted a Certificate of Registration, effective from December 24, 2024, enabling it to act as a Corporate Agent (Composite) under IRDAI’s Registration of Corporate Agents Regulations, 2015.
Key Highlights of the IRDAI Approval:
- Regulatory Authority: The approval was issued by IRDAI, the governing body overseeing insurance regulations in India.
- License Details: The Certificate of Registration allows Aptus Value Housing Finance to solicit life, general, and health insurance products as a Corporate Agent.
- Validity: The certification is valid for a three-year period, from December 24, 2024, to December 23, 2027.
- Business Impact: This certification enables the company to diversify its service offerings by selling insurance products to its customers, adding a new revenue stream to its portfolio.
This development positions Aptus Value Housing Finance to expand its operational scope and provide enhanced services to its customers, leveraging its existing network for insurance product distribution.