Sahara to move court against IRDAI’s decision on life insurance business

Sahara to move court against IRDAI’s decision on life insurance business

Chennai: The Sahara group on Sunday said it would approach the court against insurance regulator’s order of transferring life insurance policies of Sahara India Life Insurance Company Ltd to ICICI Prudential Life Insurance Company Ltd. In a statement, the group said: “Sahara will pursue its remedy, against such approach of IRDAI, in the court of law.” “IRDAI (Insurance Regulatory and Development Authority of India) appointed administrator for the reason best known to them and the said administrator secretly submitted a report to the IRDAI for transferring the business of Sahara Life…

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