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Irdai flags concern about implementation of regulatory norms
Business Standard
|June 27, 2025
As part of routine inspections to review the implementation of regulatory norms, the Insurance Regulatory & Development Authority of India (Irdai) initiated inspections at some health insurance companies and flagged concern with select companies on implementation of certain norms in the new health insurance master circular, people aware of the development said.
According to a CNBC TV18 report, eight general insurance companies — New India Assurance, ICICI Lombard General Insurance, HDFC ERGO General Insurance, Tata AIG General Insurance, Star Health and Allied Insurance, Niva Bupa Health Insurance, Care Health Insurance and ManipalCigna Health Insurance — were under the scanner for violations around claims settlement and implementing the new Health Insurance Master Circular.
This story is from the June 27, 2025 edition of Business Standard.
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