IRDAI imposes ₹3.4-crore penalty on Star Health Insurance
Insurance Regulatory and Development Authority (IRDAI) has imposed a ₹3.39 crore penalty on Star Health and Allied Insurance for multiple cybersecurity violations. This comes after IRDAI found deficiencies in the practices of health insurance claims, like rejections, unwarranted deductions, and delays in Star Health and other insurers. The regulator has also warned Star Health over the violations.