VSRK Capital Secures IRDAI Corporate Agent Licence to Expand into Insurance Distribution

VSRK Capital has received a Corporate Agent (Composite) licence from the Insurance Regulatory and Development Authority of India (IRDAI), marking its formal entry into insurance distribution. The approval allows the firm to offer life, general and health insurance products, expanding its footprint beyond investment and wealth management services.

The registration has been granted under the provisions of the Insurance Act, 1938 and the IRDAI (Registration of Corporate Agents) Regulations, 2015, enabling VSRK Capital to operate as a composite corporate agent across multiple insurance segments.

Licence Enables Multi-Segment Insurance Distribution

With the composite licence in place, VSRK Capital can now distribute products across life, general and health insurance categories. This broad authorisation positions the company to cater to varied risk protection needs under one umbrella.

The move aligns with a wider industry trend where wealth managers and financial intermediaries are diversifying into insurance distribution to offer holistic financial planning solutions. By integrating insurance with its advisory services, the firm aims to bridge the gap between wealth creation and risk protection.

Expanding Beyond Wealth Management

VSRK Capital currently offers portfolio management services (PMS), alternative investment funds (AIFs), mutual funds, bonds, fixed deposits and other investment solutions. The addition of insurance products strengthens its service portfolio and enhances cross-selling opportunities.

Commenting on the development, Swapnil Aggrawal, Founder and Director of VSRK Capital, said the licence would enable the company to deliver more comprehensive financial solutions. He noted that combining investment advisory with protection products is increasingly important as clients seek integrated financial strategies.

Regulatory Push and Industry Context

The development comes amid a growing focus on financial security and rising insurance penetration in India. Regulators have been encouraging wider distribution networks while maintaining strict compliance standards to deepen market reach.

By entering insurance distribution, VSRK Capital joins a growing number of financial firms that are expanding into protection products to create bundled financial offerings. The strategy reflects evolving consumer demand for unified wealth and risk management services.

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Conclusion

The IRDAI licence marks a strategic milestone for VSRK Capital, enabling it to diversify revenue streams and enhance client engagement. As financial planning in India shifts toward integrated solutions, the firm’s entry into insurance distribution could position it competitively in an increasingly comprehensive advisory landscape.

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