Sahara will pursue its remedy, against such approach of IRDAI, in the court of law
Industry officials also question the IRDAI's move to appoint its General Manager R.K. Sharma as the administrator of Sahara India Life.
The assets under management stood at Rs 17,400 crore, logging a year-on-year (YoY) growth of 10 percent.
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23 private players' new business premium in the last month stood at Rs 3,944.09 crore -- up 13 per cent from Rs 3,489.81 crore in the year-ago month.
Anil Ambani also said the group may look at separate listing of various businesses, including life insurance, general insurance and commercial finance at an appropriate time
Max Financial Services said the agreement provides for a mutually agreed exclusivity period for due diligence and discussions between the parties in relation to the proposed transaction
In a first of its kind move, the Olympics-bound Indian athletes were on Saturday presented life insurance cover worth Rs one crore even as the Indian Olympic Association roped in three sponsors in its quest for financial independence.
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