Reliance Health Insurance must stop selling policies – IRDAI
The IRDAI (Indian Insurance Regulatory and Development Authority) has directed Reliance Health Insurance to stop selling new products and to transfer its liabilities to Reliance General Insurance with effect from 15 November. The move from the insurance regulator follows a continuous decline in the wealth margin of the independent health insurer. IRDAI said that Reliance Health Insurance, which started operations in October 2018, has not maintained the required wealth margin since June 2019. […] Read More
