Development · 27 Aug 2026
2 publishers have reported this development. Each act of reporting is below, cited.
IRDAI barred four insurance companies from opening new places of business for six months after finding breaches of prescribed Expense of Management limits in FY25.
IRDAI barred four insurers, Edelweiss Life Insurance, Pramerica Life Insurance, Niva Bupa Health Insurance and ACKO General Insurance, from opening new places of business for six months due to expense-of-management breaches.
The Insurance Regulatory and Development Authority of India (IRDAI) barred Niva Bupa Health Insurance and Acko General Insurance from opening new places of business for six months for exceeding prescribed Expenses of Management limits in FY25.
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