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Insurance regulator bars Reliance Health Insurance from selling policies as solvency drops

Updated : November 08, 2019 06:34 AM IST

Both Reliance Health Insurance and Reliance General Insurance are wholly-owned subsidiaries of Reliance Capital.
IRDAI mandates that all life and general insurance companies must maintain 150 percent solvency at all times.
Reliance Health’s solvency stood at 106 percent till June-end.
Insurance regulator bars Reliance Health Insurance from selling policies as solvency drops

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