Ather Energy's insurance subsidiary gets IRDAI registration as a composite corporate agent

What happened

• Ather Energy told the exchanges that IRDAI granted Ather Insurance Limited a certificate of registration as a composite corporate agent, according to Kotak Neo and Sahi. The certificate is dated 15 October, and the disclosure was made on 16 October.
• The registration lets the subsidiary distribute and service life, general and health insurance. Kotak Neo reported that the company plans to diversify its revenue by using its existing customer base to create recurring income.
• Kotak Neo's report gives no launch date, product list or revenue target.
• The shares closed at ₹1,471 on Kite data, up 0.07% from ₹1,470.

Why it matters

Good to know: A composite corporate agent is allowed to sell products from more than one insurer in each of the life, general and health categories. It distributes policies and does not take on the insurance risk itself.

Key facts

Registered entity

Ather Insurance Limited, wholly owned subsidiary

Registration

Composite corporate agent, certificate dated 15 October

Categories

Life, general and health insurance

Read the source

• Ather Energy Expands Beyond Electric Scooters As IRDAI Approves Its Subsidiary To Distribute Three Types Of InsuranceKotak Neo
• Ather Energy Subsidiary Secures IRDAI License As Composite Corporate AgentSahi
• Ather Energy Gets IRDAI Approval for Insurance Distribution BusinessAutocar Pro

Ather Energy in the news before

1. 27 OCT 2026 · EVENING · RESULTSAther Energy swings to ₹1.26 crore Q2 profit from ₹154 crore loss; shares close 14% higher