How your returns can get hit if insurers overspend

How your returns can get hit if insurers overspend

The Insurance Regulatory and Development Authority of India (Irdai) recently issued an order against Reliance Nippon Life Insurance Co. Ltd for exceeding expenses of management (EoM) beyond the permissible limits. It was found that the insurer’s actual EoM for FY15-16 were Rs 1,632.24 crore against the limit of Rs 1,069.20 crore.

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