Tue, Jun 13, 2023
The Securities Appellate Tribunal (SAT) on Wednesday said there was "no tearing hurry" for the Insurance Regulatory and Development Authority of India (IRDAI) to order the transfer of life insurance business of Sahara India Life Insurance Company Ltd to SBI Life Insurance Company Ltd.
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Sun, Jul 30, 2017
On the insurance regulator`s serious charge that Rs 78 crore has been siphoned off, industry officials ask what action have the IRDAI or the administrator appointed by it in June 2017 taken in that regard.
Sat, Jul 29, 2017
Embattled Sahara group chairman Subrata Roy had met Irdai chairman to seek more time to resolve the crisis at his life insurance arm on July 24. ICICI Prudential had submitted a valuation report to the regulator to take over the company on the same day.
Tue, Jul 04, 2017
Sahara Life had sold 665 policies worth Rs 1.53 crore during the April-May period of the current fiscal. The company had collected a premium worth Rs 44.68 crore from 16,058 customers in 2016-17.
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