Policy
IRDAI bars ACKO from opening new branches
By Startup Enthusiast ·
- Date
- Company
- ACKO
- What it does
- Regulator action, Bengaluru
- Kind
- Policy
- Based in
- Bengaluru
- Founded
- 2016
What they do
The insurance regulator warned ACKO General and barred it from opening new places of business for six months from 19 August 2026
What happened
It found the insurer went past the allowed limit on expenses of management for the year 2024-25
Why it matters
Niva Bupa Health Insurance received the same order, after checks of the insurers' accounts
The details
- IRDAI ordered a six-month ban on new branches.
- The cause was exceeding expense of management limits in 2024-25.
- Niva Bupa got the same order.
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