India, Aug. 2 -- Logistics major BlackBuck has received the approval from the Insurance Regulatory and Development Authority of India (IRDAI) to act as a composite corporate agent.

This licence, valid until July 2028, will allow the company to sell insurance policies from registered insurers to its users, mainly truckers, across the country. The licence will allow the company to provide life, general and health insurance.

The step is part of BlackBuck's plan to become a full-service digital platform for truckers. Over the past few years, the company has introduced several services aimed at building a full stack platform for truckers, including FASTag management for toll payments, fuel cards, working capital loans for small fleet owners,...