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Niva Bupa barred from opening new branches for six months by IRDAI

2 sources·Updated August 20, 2026

Covered by 2 sources

ET Markets·9h ago
Niva Bupa, Acko General Insurance barred from opening places of biz for 6 months
Niva Bupa's allowable expense for FY25 was Rs 2,403.75 crore, while its actual expenses stood at Rs 2,652.12 crore, exceeding the limit by Rs 248.37 crore, according to the regulator's order. Irdai has prescribed limits to ensure insurers control management and operating costs…
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