Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, My Mudra is pleased to inform you that the Certificate of Registration by the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a Corporate Agent (Composite) under Registration Number – CA1051 has been granted to My Mudra Fincorp Limited (‘Company’).
This License, granted under the Insurance Regulatory and Development Authority Act, 1999 (4 of 1999) and Insurance Regulatory and Development Authority of India (Registration of Corporate Agents) Regulations, 2015, authorizes the Company to offer a full spectrum of insurance products including Life Insurance, Health Insurance, and General Insurance.
By entering the insurance distribution sector, the Company-which already deals in loan services- aims to become a one-stop shop financial solution provider for clients. The addition of insurance products enhances the company’s ability to serve customers with both loan and insurance offerings, ensuring comprehensive financial protection and support.
Speaking on the development, Mr. Vaibhav Kulshrestha said,
“This registration is a significant step forward in our mission to empower individuals and small businesses with holistic financial solutions. As a Corporate Agent, we aim to offer a wide range of insurance products that cater to diverse needs, while maintaining the highest standards of regulatory compliance and customer service.”
About MY MUDRA FINCORP LIMITED
MY MUDRA FINCORP LIMITED is an emerging fintech company focused on providing easy and efficient access to loans and insurance products across India. With a commitment to financial inclusion and customer-centric solutions, the company now strengthens its position as a comprehensive financial partner for individuals and businesses alike.
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