Question
IRDAI has identified which life insurance company to
take over the liabilities of about 200,000 policies of Sahara India Life Insurance (SILIC) as the latter failed to comply with regulatory directions?’Solution
The Insurance Regulatory & Development Authority of India (IRDAI) has identified SBI Life Insurance to take over the liabilities of about 200,000 policies of Sahara India Life Insurance (SILIC) as the latter failed to comply with regulatory directions, amid deteriorating financial health after being put under restrictions in 2017.
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