Home First Finance shares jump after IRDAI grants insurance corporate agent licence to NBFC

Home First Finance Company shares were in high demand after insurance regulator IRDAI granted a corporate agent (composite) licence to the non-banking financial company (NBFC). The licence, enabling the housing finance company to solicit a range of insurance products to its customers, will be valid till February 20, 2027.

Home First Finance shares jump after IRDAI grants insurance corporate agent licence to NBFC
Home First Finance won a licence to act as an insurance corporate agent for its customers. | Image: Unsplash

Home First Finance Company shares rose on Thursday after the Insurance Regulatory and Development Authority of India (IRDAI) granted a corporate agent (composite) licence. The NBFC stock jumped by as much as Rs 36.1, or 4.0 per cent, to Rs 946.4 apiece in early deals on BSE. 

The licence, valid from February 21, 2024, to February 20, 2027, will enable Home First Finance Company to solicit insurance products, such as life, general and health insurance, to its customers as a corporate agent, the housing finance company said in a regulatory filing post-market hours on Wednesday. 

(This story will be updated shortly)

Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/personal-finance/photo-gallery-ppf-interest-rate-maturity-retirement-corpus-planning-calculator-how-to-get-inr-rs-72000-month-tax-free-income-from-public-provident-fund-calculations-80c-tax-benefits-333983

PPF Calculations: How to get Rs 72,000 a month tax-free income from Public Provident Fund?

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-444-day-special-fd-vs-pnb-400-day-fixed-deposit-interest-rate-maturity-calculator-what-will-general-senior-citizens-get-in-return-on-inr-rs-350000-700000-investments-in-guaranteed-fixed-income-333262

SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?

https://www.zeebiz.com/personal-finance/news-rs-1111-monthly-sip-for-40-yrs-11111-for-20-yrs-or-22222-for-10-years-which-works-best-at-same-expected-return-334395

Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-how-soon-will-monthly-sip-of-rs-11000-reach-rs-8-crore-corpus-target-retirement-financial-planning-with-sip-calculator-334296

Power of Compounding: How soon will monthly SIP of Rs 11,000 reach Rs 8 crore corpus target?

https://www.zeebiz.com/market-news/news-short-term-investment-ideas-stocks-to-buy-for-15-days-axis-direct-recommends-fortis-healthcare-aegis-logistics-check-targets-334316

Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets

https://www.zeebiz.com/personal-finance/photo-gallery-rs-3500-monthly-sip-for-35-years-vs-rs-35000-monthly-sip-for-16-years-which-can-give-you-higher-corpus-in-long-term-compound-interest-benefits-mutual-fund-return-calculator-retirement-planning-334249

Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations

Written By: ZeeBiz WebTeam
Updated: Thu, Feb 22, 2024
10:01 AM IST
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Housing finance segment looks robust; three stocks analysts are bullish on Housing finance segment looks robust; three stocks analysts are bullish on
Home First Finance Company is looking at 25-30% AUM growth YoY: Manoj Viswanathan, MD & CEO Home First Finance Company is looking at 25-30% AUM growth YoY: Manoj Viswanathan, MD & CEO

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x