SBI Life to acquire Sahara India's life insurance business: IRDAI
Fri, Jun 2, 2023 8:03 PM

SBI Life to acquire Sahara India's life insurance business: IRDAI

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Insurance regulator IRDAI on June 2 identified SBI LIfe Insurance Company as the acquirer of insurance business of Sahara India Life Insurance Company after the company failed to comply with directions. "SBI Life shall take over the policy liabilities of around two lakh policies of SILIC, backed by the policyholders' assets," IRDAI added.

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