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SOURCE OF INFORMATION : INSURANCE REGULATORY & DEVELOPMENT AUTHORITY OF INDIA WEBSITE
PERIOD COVERED : 16-AUG-2002 TO 13-JUL-2024

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 TO STOP SELLING NEW POLICIES

S.No. ENTITY  PERSONS  REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person RELIANCE HEALTH INSURANCE LTD.  
  DID NOT MAINTAIN REQUIRED SOLVENCY MARGIN   DIRECTED TO STOP SELLING NEW POLICIES

DIRECTED TO TRANSFER ENTIRE POLICYHOLDERS LIABILITIES ALONG WITH FINANCIAL ASSETS TO RELIANCE GENERAL INSURANCE CO.LTD.

PROHIBITED FROM USING ITS ASSETS FOR ANY PAYMENT OTHER THAN CLAIM SETTLEMENT

06-NOV-2019 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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