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
 
 
Share
Leave a Comment

Recent Posts

  • Income Tax

When quantum appeal restored, penalty can’t be levied for non-payment of demand

When quantum appeal stands restored to the AO, penalty can not be levied u/s 221(1) of the Income Tax Act…

7 hours ago
  • Income Tax

Even in case of bogus purchases, entire purchases cannot be disallowed – ITAT

Even if, the assessee is engaged in the bogus purchases, the entire purchases cannot be disallowed - ITAT In a…

1 day ago
  • SEBI

Order to stock broker by WhatsApp are legally verifiable record – SEBI

Order to stock broker through WhatsApp may be considered as legally verifiable record - SEBI SEBI in an informal guidance…

2 days ago
  • ICAI

ICAI Guidance Note on Audit of Banks, 2025 Edition

ICAI Guidance Note on Audit of Banks 2026 Edition ICAI has issued 2025 edition of the Guidance Note on Audit…

2 days ago
  • Empanelment

NHIDCL is hiring CA/CMA and others as Young Professionals. Last date – 14.04.2026

NHIDCL is hiring CA/CMA and others as Young Professionals – Last date to apply is 14.04.2026 The National Highways and…

2 days ago
  • Income Tax

Income Tax Rules 2026 notified by CBDT

Income Tax Rules 2026 notified by CBDT. CBDT has issued Notification No. 22/2026 dated 20.03.2026 to notify the Income-tax Rules,…

2 days ago