IRDAI suspends new branch openings for Pramerica and Edelweiss Life Insurance for six months due to EoM limit violations.

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.