Fusion Finance secures IRDAI corporate agent license for insurance services

Fusion Finance Limited announced today that it has obtained a Certificate of Registration from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a 'Corporate Agent (Composite)' under the Insurance Act, 1938. This approval allows the company to solicit insurance products to its customers and is valid for three years.

The disclosure, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, signifies Fusion Finance's expansion beyond its existing microfinance operations. The company expects this will enable it to offer a more comprehensive suite of financial products. There are currently no details regarding any withdrawal, cancellation, or suspension of this license.

The announcement was communicated to both the National Stock Exchange of India Limited and BSE Limited.