Irdai hardens stance: No insurance licence to VC-backed fintechs
Published on: Sept. 3, 2025, 6 a.m. | Source: The Economic Times
The Irdai is reportedly tightening its grip on insurance manufacturing licenses for venture-backed fintech startups, favoring promoter-driven companies. This shift challenges startups like Onsurity and Loop Health, which raised significant funding based on securing these licenses. The regulator seems to prefer startups focusing on distribution, potentially impacting valuations and business models.
