IRDAI directs Reliance Health Insurance to stop selling policies as solvency slips below threshold

IRDAI has also asked Reliance Health to transfer its liabilities to sister firm Reliance General. This decision was taken due to the continuous decline in the solvency margin of the health insurer to 63 percent by September-end, significantly lower than the mandated 150 percent.

from Moneycontrol Business News https://ift.tt/34Eku7m