IRDAI may limit Kiwi Insurance's retail health offerings as promoters hold stakes in Star Health too

Irdai is considering limiting Kiwi General Insurance's retail health offerings due to WestBridge Capital's majority stake in both Kiwi and Star Health, raising conflict of interest concerns. This situation, unprecedented in the industry, necessitates regulatory action to protect policyholders and minority investors in listed Star Health. The regulator's decision on Kiwi's final approval will likely address these overlaps.