IRDAI sanctions Renewed Insurance Broking Licence to Paytm Insurance Broking Private Ltd
New Delhi: India’s Insurance Regulatory firm Insurance Regulatory and Development Authority of India (“IRDAI”) has renewed the Insurance Broking License of Paytm Insurance Broking Private Limited under the Direct (Life & General Insurance Broker) Category.
In an exchange filing, it has been informed that the Insurance Regulatory and Development Authority of India (IRDAI) has renewed IRDAI Insurance Broking License of Paytm Insurance Broking Private Limited (“PIBPL”), a wholly-owned subsidiary of One 97 Communications Limited ("the Company”), under the Direct (Life & General Insurance Broker) Category.
The company has declared that IRDAI has issued a renewed License number. 700, dated February 09,2026 to Paytm Insurance Broking Private Limited (“PIBPL”), a wholly-owned subsidiary of One 97 Communications Limited. The License was received by PIBPL on February 10, 2026.
PIBPL is a wholly-owned subsidiary of the One 97 Communications Ltd and its financial results are consolidated line-by-line with that of the Company.
The renewal of the license ensures regulatory compliance and uninterrupted continuance of PIBPL's operations, thereby safeguarding its contribution to the consolidated financial statements of the Company.
The Period for which such approval is valid from February 17, 2026 to February 16, 2029