ICICI Prudential asked to take over Sahara's insurance biz
Insurance regulator IRDAI has asked ICICI Prudential Life Insurance to take over Sahara India Life Insurance effective July 31. According to IRDAI, there is total failure of the governance system of Sahara India Life and interests of policyholders are at stake. The firm's promoters are no more âfit and properâ and directors aren't keen in recovery plan, a report added.