IRDAI has barred Niva Bupa from opening new branches for six months over FY25 Expense of Management limits, while the insurer says it is evaluating the order.

Niva Bupa Health has been hit with a six-month ban by India's insurance regulator, preventing the company from opening any new branches. This significant regulatory action means…

IRDAI has barred Niva Bupa from opening new branches for six months over FY25 Expense of Management limits, while the insurer says it is evaluating the order.

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…