Stories
Ather Energy Secures IRDAI Approval to Launch Insurance Subsidiary
C
CNBC TV18•16-10-2026, 13:59
Ather Energy Secures IRDAI Approval to Launch Insurance Subsidiary
- •Ather Energy received regulatory approval for its wholly owned subsidiary, Ather Insurance, to distribute life, general, and health insurance products.
- •The IRDAI granted a Certificate of Registration for the subsidiary to operate as a composite corporate agent.
- •The move allows the electric two-wheeler maker to diversify its revenue streams and leverage its existing customer base.
- •The registration became effective on October 15, enabling the company to enhance experiences for customers and retail partners.
Key Questions Answered
Ather Energy received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) granting Ather Insurance a Certificate of Registration to operate as a composite corporate agent. This allows the wholly owned subsidiary to distribute and service life, general, and health insurance products.
The IRDAI granted the Certificate of Registration to Ather Insurance on October 15, 2026, making the registration effective from that date subject to the payment of an annual fee.
Ather Energy is expanding into insurance distribution to diversify its revenue streams, build recurring income opportunities by leveraging its existing customer base, and enhance the overall experience for its customers and retail partners.
