IRDAI Fines Care Health Insurance ₹10 Million

The order, dated December 15, 2025, stems from an inspection conducted in August–September 2021, which revealed multiple breaches of IRDAI regulations. After issuing a show-cause notice in December 2024 and conducting hearings in 2025, the regulator concluded that Care Health Insurance failed to adhere to prescribed norms, impacting transparency and policyholder interests. The penalty is payable by Care Health Insurance and will reflect in Religare Enterprises’ consolidated financials. Analysts note that this action highlights IRDAI’s increasing vigilance in enforcing governance standards across insurers.  

Notable updates  
• IRDAI imposes ₹10 million penalty on Care Health Insurance, subsidiary of Religare Enterprises  
• Violations identified during inspection conducted in August–September 2021  
• Show-cause notice issued in December 2024, followed by hearings in 2025  
• Penalty payable by Care Health Insurance, impacting Religare’s consolidated accounts  
• Action underscores IRDAI’s strict enforcement of compliance and policyholder protection norms  

Major takeaway  
The penalty signals IRDAI’s uncompromising approach to regulatory breaches, reinforcing the importance of transparency and compliance in India’s insurance industry.  

Sources: Reuters, ScanX News, TaxGuru