IRDAI bars Acko General, Niva Bupa Health from opening new branches for exceeding EoM limits
Insurance regulator IRDAI has barred Niva Bupa Health Insurance and Acko General Insurance from opening new branches for six months after finding that both insurers exceeded the permissible Expenses of Management (EoM) limits for 2024-25. They were “warned for failure to remain within prescribed EoM limits and directed not to open any new place of…