Govt bats for loss-making insurers, seeks regulatory forbearance

The regulator is concerned over the current financials of these firms and has sought more details from the government, said an official aware of the developments adding that the regulator is most likely to extend the forbearance. IRDAI has been headless since the last nine months, its last chairman Subhash C Khuntia stepped down in May 2021 on completion of his term.

source https://economictimes.indiatimes.com/industry/banking/finance/insure/govt-bats-for-loss-making-insurers-seeks-regulatory-forbearance/articleshow/88829550.cms