One 97 Communications announced the successful renewal of the Insurance Regulatory and Development Authority of India (IRDAI) license for its wholly-owned subsidiary, Paytm Insurance Broking Private Limited (PIBPL). The renewal covers the Direct (Life & General Insurance Broker) Category. The new certificate, issued on February 09, 2026, ensures the uninterrupted continuity of PIBPL’s operations until February 16, 2029.
Regulatory Update: Insurance Broking License Renewal
One 97 Communications Limited has officially informed the stock exchanges regarding a critical operational update concerning its subsidiary. The Insurance Regulatory and Development Authority of India (IRDAI) has renewed the Insurance Broking License held by Paytm Insurance Broking Private Limited (PIBPL).
PIBPL operates under the Direct (Life & General Insurance Broker) Category. This renewal is crucial as PIBPL is a wholly-owned subsidiary of the Company, and its financial results are consolidated line-by-line with the parent entity’s statements, making regulatory continuity essential.
Key Dates and Validity Period
The necessary regulatory approval was secured after the subsidiary applied for renewal under the relevant insurance regulations. Key details regarding the new license are:
- Renewal Date of Certificate: February 09, 2026.
- Receipt Date: The Company received the license copy on February 10, 2026, at 1:01 pm IST.
- Validity Period: The renewed license is valid from February 17, 2026, to February 16, 2029.
- Registration Number: The license bears the Registration Number 700.
Impact on Operations
The renewal of this key license ensures the regulatory compliance and uninterrupted continuance of PIBPL’s operations. This safeguards the subsidiary’s ongoing contribution to the consolidated financial statements of One 97 Communications Limited. The disclosure confirms that there are no penalties associated with this renewal, and no withdrawal, cancellation, or suspension actions were taken by the authority.
Source: BSE
