The influence of microrotational velocity on a fully developed laminar, natural convection flow in vertical concentric annuli in the presence of radial magnetic field between two nonconducting vertical concentric annuli is investigated in the present study. The induced magnetic field is generated due to the motion of an electrically conducting fluid in the annulus; the polar fluid has been considered in the present analysis. Transport equations such as momentum, energy, polar fluid, and induced magnetic field are solved analytically for the isothermal case. The effects of the different pertinent parameters of the present model are obtained and analyzed after verification of present methodology. The effects of the Hartmann number, the gap between two cylinders, and vertex viscosity parameters on velocity profiles, induced magnetic field, induced current density, and microrotational velocity profiles are studied. It is observed that the velocity profile and induced magnetic field decrease due to the vertex viscosity parameter; the Hartmann number accelerates the velocity of the microrotation; the induced current density profile decreases for both the Hartmann number and vertex viscosity parameter. The Hartmann number reduces the magnitude of mass flux and skin frictions at the inner and outer cylinder.