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    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?’
    A SBI Life Insurance Correct Answer Incorrect Answer
    B HDFC LIfe Insurance Correct Answer Incorrect Answer
    C ICICI Prudential Life Insurance Correct Answer Incorrect Answer
    D Bajaj Allianz Life Insurance Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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