The Economic Times News

Health insurance claim settlement lapses: Rs 1 crore penalty imposed on Care Health Insurance by IRDAI

India's insurance watchdog, IRDAI, has fined Care Health Insurance Rs 1 crore. The penalty stems from serious lapses in how the company handled insurance claims. These issues violated policyholder rights and corporate governance. IRDAI also issued warnings for other failures, including cybersecurity and accounting practices.