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SOURCE OF INFORMATION : INSURANCE REGULATORY & DEVELOPMENT AUTHORITY OF INDIA WEBSITE
PERIOD COVERED : 16-AUG-2002 TO 27-AUG-2026

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

INSURANCE COMPANY: DIRECTED NOT TO OPEN NEW PLACE OF BUSINESS

S.No. ENTITY  PERSONS  REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person ACKO GENERAL INSURANCE LTD.  
  EXCEEDED PRESCRIBED LIMIT OF EXPENSES OF MANAGEMENT (EOM) VIOLATING REGULATIONS 6 READ WITH 10, 11 AND 19 OF IRDAI (EOM) REGULATIONS, 2024   CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.

DIRECTED NOT TO OPEN NEW PLACE OF BUSINESS

19-AUG-2026 		 
2
History of entity/person EDELWEISS LIFE INSURANCE CO.LTD.  
  EXCEEDED PRESCRIBED LIMIT OF EXPENSES OF MANAGEMENT (EOM) VIOLATING REGULATIONS 6 READ WITH 10, 11 AND 19 OF IRDAI (EOM) REGULATIONS, 2024   CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.

DIRECTED NOT TO OPEN NEW PLACE OF BUSINESS

20-AUG-2026 		 
3
History of entity/person NIVA BUPA HEALTH INSURANCE CO.LTD.  
  EXCEEDED PRESCRIBED LIMIT OF EXPENSES OF MANAGEMENT (EOM) VIOLATING REGULATIONS 6 READ WITH 10, 11 AND 19 OF IRDAI (EOM) REGULATIONS, 2024   CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.

DIRECTED NOT TO OPEN NEW PLACE OF BUSINESS

19-AUG-2026 		 
4
History of entity/person PRAMERICA LIFE INSURANCE LTD.  
  EXCEEDED PRESCRIBED LIMIT OF EXPENSES OF MANAGEMENT (EOM) VIOLATING REGULATIONS 6 READ WITH 10, 11 AND 19 OF IRDAI (EOM) REGULATIONS, 2024   CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.

DIRECTED NOT TO OPEN NEW PLACE OF BUSINESS

20-AUG-2026 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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