IRDAI bars Niva Bupa from opening new branches for six months

•IRDAI bars Niva Bupa from opening new branches for six months from August 19, 2026.

•The ban is due to non-compliance with Expense of Management limits for FY25.

•IRDAI also warned Niva Bupa on non-compliance and directed it not to add new branches.

•The company is evaluating the order and will take steps to safeguard stakeholder interests.