IRDAI stops Niva Bupa from launching new branches for 6 months
Niva Bupa Health Insurance has been restricted by the Insurance Regulatory and Development Authority of India (IRDAI) from starting any new office locations for a period of six months. The company stated in a regulatory filing that this action was taken due to a failure to follow expense of management (EoM) regulations for the 2025 fiscal year. Niva Bupa noted that this regulatory decision will not result in any financial consequences for the firm.
by shortkt.com✓