India Business News: NEW DELHI: The Supreme Court on Monday declined immediate hearing on a petition filed by Insurance Regulatory and Development Authority of India (IRDA.
Seeking urgent hearing in the matter, Solicitor General Tushar Mehta, appearing for the Insurance Regulatory Development Authority of India (IRDAI), told a vacation bench led by Justice Surya Kant that the SAT stay may impact servicing of Sahara policyholders.
IRDAI has appointed SBI Life Insurance as the acquirer insurer for Sahara India Life Insurance, aiming to protect the interests of SILIC policyholders and ensure a smooth transition of policies
A bounce is expected in the market during the week. For the Nifty, hurdle is at 18,650-18,850, while immediate support is seen at 18,400-18,300, Nagaraj Shetti of HDFC Securities has said
Chennai, June 2: For a second time and after nearly six years, the Indian insurance regulator has ordered transfer of life insurance business of Sahara India Life Insurance Company Ltd.