New Delhi: The shares of Star Health and Allied Insurance Company traded nearly 1 per cent higher at Rs 350.20 on March 26, 2025, Wednesday. The insurance provider is in the news after a report claimed that the Insurance Regulatory and Development Authority of India (IRDAI) has identified lapses in the claim settlement practices of the company.
A CNBC-TV18 report said that IRDAI is carrying out the official investigation and would initiate action against the insurer once the probe is completed. It has been learnt that the insurance regulatory body has scrutinised 8-10 other general and health insurers in the country. As of now, there are no reports of discrepancies against the other insurance companies.
The scrutiny conducted by IRDAI focused on various aspects of claims handling, including the number of claims rejected and approved, deductions made, queries raised by policyholders, and so on.
The Star Health and Allied Insurance Company is in the news after a report claimed that the Insurance Regulatory and Development Authority of India (IRDAI) has identified lapses in the claim settlement practices of the company. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
