IRDAI

IRDAI Appoints Administrator for Sahara Insurance Company

IRDAI Appoints Administrator for Sahara Insurance Company, said it is acting prejudicial to the interests of holders of life insurance policie

IRDAI Appoints Administrator for Sahara Insurance Company

Public notice

Appointment of Administrator for M/s Sahara India Life Insurance Company Ltd.
The IRDAI has reasons to believe that M/s Sahara India Life Insurance Co. Ltd., Registered and Corporate Office : #1, Sahara India Bhawan, Kapoorthala Complex, Lucknow 226024; Registration No. 127 dated 6th February 2004 is acting in a manner likely to be prejudicial to the interests of holders of life insurance policies. Accordingly, the IRDAI in exercise of powers under section 52 A of the Insurance Act, 1938 appoints Sri R.K. Sharma, GM (F&A-NL), IRDAI as Administrator for managing the affairs of M/s Sahara India Life Insurance Co. Ltd., with immediate effect.
 
The Administrator shall conduct the management of the business of the insurer as per applicable provisions under the Insurance Act, 1938.
 
The Policyholders of M/s Sahara India Life Insurance Co. Ltd. are hereby informed that the affairs of the insurer shall be managed by the Administrator. It will be the endeavor of the Administrator to ensure the servicing of the policyholders and to manage the affairs of the insurer in as smooth a manner as feasible.
 
In case of queries as regards servicing of your policies or any transactions, kindly visit www.irda.gov.in for FAQs. Your concerns/queries may be forwarded to  administrator-sahara@irda.gov.in
 
 
----------- Similar Posts: -----------
Share
Leave a Comment

Recent Posts

  • Income Tax

Tax authorities not bound with provisions of section 44AE once assessee waived option

Tax authorities not bound with provisions of section 44AE of the Act once assessee waived the option available In a…

10 hours ago
  • Income Tax

Whether seized document is incriminating or not is a findings of fact – High Court

Whether seized document is incriminating or not is definitely a findings of fact – High Court In a recent judgment,…

13 hours ago
  • Income Tax

Interest earned on borrowed funds/unutilized capital subsidy is capital receipts – High Court

Interest earned on borrowed funds/ unutilized capital subsidy are capital receipts In a recent judgment, Hon'ble Guwahati High Court has…

16 hours ago
  • Income Tax

No statutory requirement of pre-deposit for stay of demand under Income Tax Act – HC

There is no statutory requirement of pre-deposit for stay of demand under Income Tax Act - High Court stayed demand  …

1 day ago
  • ICSI

Engagement of Company Secretaries as Young Professionals at RoC Mumbai and Pune

Engagement of Company Secretaries (CS) as Young Professionals in the Office of Regional Director (WR), Registrar of Companies, Mumbai and…

2 days ago
  • Income Tax

Applicability of Section 115BBE rws 69, 69A 69C in a case before Settlement Commission

Applicability of provisions of Section 115BBE  read with Section 69, 69A and 69C in a case arising before Settlement Commission…

2 days ago