Muthoot Microfin secures IRDAI licence to offer insurance products.

Banking & Finance

The licence allows Muthoot Microfin to offer insurance products to its customers while augmenting its sources of revenue and earnings, the stock exchange filing said. Sadaf Sayeed, CEO, Muthoot Microfin, said, “This development with IRDAI empowers us to bridge the protection gap for our microfinance customers.”


      Muthoot Microfin stock rose 2.17 per cent to trade at ₹248.16 as of 2.18 pm on NSE.

      Muthoot Microfin has secured a corporate agent licence from the Insurance Regulatory and Development Authority of India (IRDAI).

     

 

     


About Muthoot Microfin

CEO - Sadaf Sayeed
HQ- Kochi, Kerala, India.
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