 "ICICI Prudential Life Insurance")
Embattled Sahara group on Sunday said it would approach court against Irdai order directing transfer of its life insurance business to ICICI Prudential and alleged that the insurance regulator has “wrongly concluded” that the promoter was no more ‘fit and proper’ and a sum of Rs 78 crore was siphoned.
In a statement following Irdai (Insurance Regulatory and Development Authority of India) order dated July 28, the group said Sahara Life business is being “wrongfully” given to ICICI Prudential Life Insurance.
“Sahara Life is doing business since 2004 and since past 7 years running continuously in
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