Star Health shares hit 52-week low amid IRDAI probe into claims settlement lapses

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Shares of Star Health and Allied Insurance Company plummeted to a fresh 52-week low on Tuesday, March 25, following revelations of serious lapses in the company’s claims settlement practices by the Insurance Regulatory and Development Authority of India (IRDAI), according to sources.

A recent inspection by IRDAI into Star Health’s claims settlement processes uncovered significant irregularities, as reported by CNBC-TV18. The regulatory body is expected to take action against the insurer once the investigation concludes.

Star Health has issued a…



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Star Health shares hit 52-week low amid IRDAI probe into claims settlement lapses


Shares of Star Health and Allied Insurance Company plummeted to a fresh 52-week low on Tuesday, March 25, following revelations of serious lapses in the company’s claims settlement practices by the Insurance Regulatory and Development Authority of India (IRDAI), according to sources.

A recent inspection by IRDAI into Star Health’s claims settlement processes uncovered significant irregularities, as reported by CNBC-TV18. The regulatory body is expected to take action against the insurer once the investigation concludes.

Star Health has issued a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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