FatakPay Subsidiary ‘FatakSecure’ Receives IRDAI Approval for Composite Corporate Agent License.

In September 2025, FatakPay Insurance Solutions Private Limited (FatakSecure), a subsidiary of FatakPay Digital—one of India’s leading digital financial services platforms—received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a composite Corporate Agent.

Main Point :-   (i) The Insurance Regulatory and Development Authority of India (IRDAI) granted this composite Corporate Agent License to FatakSecure, enabling it to formally expand its operations into the insurance sector and strengthen FatakPay’s overall financial service ecosystem.

      (ii) With this approval, FatakSecure can now distribute a wide range of insurance products, including motor, health, accident, life, corporate, and consumable insurance, catering to diverse customer needs under a single digital platform.

(iii) The initiative primarily focuses on providing insurance access to millions of underserved communities, especially gig workers and blue-collar employees, thereby promoting inclusive financial protection and coverage across India.
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