India’s insurance regulator, IRDAI, has issued a show cause notice to Care Health Insurance, a subsidiary of Religare Enterprises, regarding the grant of stock options to Rashmi Saluja, who serves as the chairperson of Religare. The notice alleges that Care Health Insurance violated IRDAI directions by issuing stock options to Saluja despite prior refusal in May 2022. Saluja, an executive chairperson at Religare, was granted these options as an employee, though she is a non-executive director at Care.
It’s not your salary, but your savings that make you a millionaire, says Vijay Kedia
High salaries may look impressive on paper, but they don’t guarantee wealth. What truly matters is how much you save — not how much you
April 20, 2025