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Go Digit faces IRDAI show-cause notice over excess expenses in FY24

  • Go Digit General Insurance has received a show-cause notice from IRDAI for exceeding expense limits in FY2023-24.
  • The company has applied for forbearance to exempt from regulatory requirements for three years starting April 1, 2023.
  • Go Digit's motor insurance segment reported a 10.22% increase in premiums for Q2 FY25.
  • The company saw profits in smaller segments like fire, marine, health, and crop insurance.

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