Go Digit faces IRDAI show-cause notice over excess expenses in FY24

Quick Summary:

For the six months ending September 30, 2024, Go Digit's expenses exceeded the regulatory limits set by the insurance regulator.

To address this, the company has applied for a 3-year forbearance starting April 1, 2023.

Go Digit is in the process of responding to the notice, it said.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Expenses Regulatory 2024 Policy Privacy Company Crore Insurance Irdai Digit Notice

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 13:37:33 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 322 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23224963

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