Regulator Warns Sahara India Life Insurance For Non-Compliance

New Delhi: The Insurance Regulatory and Development Authority (IRDAI) has warned Sahara India Life Insurance Co for non-compliance of 'expenses of management' (EoM) norms and asked it to bring the expenditure levels within the limits by the end of 2016-17. "Owing to the fact that non-compliance with the EoM limits has occurred for the first time in the ten years of its operations and considering the submissions of the insurer as reg...