Deals10 Feb 2026, 02:52 pm
IRDAI Renews Paytm Insurance Broking Private Limited's License Until 2029
AI Summary
The Insurance Regulatory and Development Authority of India (IRDAI) has renewed the IRDAI Insurance Broking License of Paytm Insurance Broking Private Limited (PIBPL), a wholly-owned subsidiary of One 97 Communications Limited, under the Direct (Life & General Insurance Broker) Category. The license, number 700, was received by PIBPL on February 10, 2026, and is valid from February 17, 2026, to February 16, 2029. This renewal ensures regulatory compliance and uninterrupted continuance of PIBPL's operations, contributing to the consolidated financial statements of the Company.
Key Highlights
- IRDAI has renewed the IRDAI Insurance Broking License of Paytm Insurance Broking Private Limited (PIBPL)
- The license is valid from February 17, 2026, to February 16, 2029
- PIBPL is a wholly-owned subsidiary of One 97 Communications Limited
- The renewal ensures regulatory compliance
- This uninterrupted continuance of PIBPL's operations contributes to the consolidated financial statements of the Company