Friday, 21 August 2026 · World
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EUROS The World Financial Report
Nº 41 Friday, 21 August 2026 · World Edition
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Niva Bupa, Acko General Insurance barred from opening places of biz for 6 months

Markets-Economic Times · 7h ago · 🇮🇳 India
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 so that a reasonable portion of premiums collected from policyholders is available for providing insurance cover and settling claims.

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