IRDAI bars Niva Bupa from opening new offices for six months

Niva Bupa Health Insurance received an order from the regulator to halt new business. This action stems from failing to meet expense management limits for the 2024-25 financial year. The company is currently evaluating the order and will take appropriate steps. Niva Bupa stated compliance for the 2025-26 fiscal year and the first quarter. Shares of Niva Bupa closed lower on the BSE following the announcement.