News From Press Irdai ups scrutiny of broking deals, approvals take longer

Irdai ups scrutiny of broking deals, approvals take longer

Source: ET Nov 30, 2023

The Insurance Regulatory and Development Authority of India (Irdai) has increased scrutiny on the ultimate beneficiaries in the transfer of shares within the insurance broking sector. This increased diligence has led to an extension in the approval timelines, with the three-four month period stretching (on average) to beyond nine months.

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